Seattle, WA Real Estate News

By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
In April Queen Anne's condo market performed below expectations.  Compared to March, unit sales were down 16% while average and median sold prices dipped slightly at -.5% and -.7%, respectively.  The April median price for a Queen Anne condo was $320,000. While the month-to-month figures were not stellar, the Queen Anne condo market is still performed well above the previous year.  Compared to April '06, average and median sold prices are up 6.8% and 4.9%, while unit sales were down 9.7%.  Reported by SeattleCondosAndLofts.com.Source:  NWMLS, information deemed reliable but not guaranteed. 
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By ARDELL DellaLoggia
(Better Properties Seattle )
Belltown - I went to a birhday party in Belltown this weekend and was amazed at the new constructionWeek last I was at a Christening in the corrider between Belltown and Capitol Hill and saw a great complex featuring T1 Ready.Clearly Downtown living and condos close to Downtown are many and varied as to location and costs.  Someone said "Do we really have enough people who want to buy these things?"  I think we are all starting to ask that question.Then I had a young man over to do some work at the house and he is renting a TWO BEDROOM directly across from Microsoft for only $625 a month!!  A TWO BEDROOM!  I was floored.Clearly rent vs. buy calcualtions would suggest renting is better for apartment style living without views or amenities.
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By ARDELL DellaLoggia
(Better Properties Seattle )
Downtown Kirkland, East of Market and West of Market.  I found some time yesterday to visit some Open Houses in Kirkland.Saw one on 9th Avenue that will likely be in escrow within 10 days.  Will be interesting to see if I'm on the mark on that one.  Odd floorplan, so it could go either way.  But I'm betting on the "in escrow" by next week.Saw one around the corner that clearly should not sell at that price.  Interior finishes are a huge turnoff and floorplan and view considerations are not enough to compensate.The surprising one was West of Market.  Seemed like too good of a value.  I'll have to check it out further and find out why it didn't sell right out the gate 20 days ago.  I'm wondering if West of Market is losing value due to traffic consideratins and East of Market is picking u...
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By Ricky D. Sadler, Trusted Senior Property Advisor & Marketing Expert
(Real Estate Marketing Experts &Trusted Senior Advisors on Property Management services, Rentals Leasing, Landlord Tenant )
I get this Question all the time: I have heard that an occupancy standard of two per bedroom or two per bedroom plus one is considered reasonable. Is that correct?HUD has established a policy that presumes that a two-per-bedroom occupancy standard is reasonable; however, this presumption is not absolute and the policy notes other considerations to keep in mind. Other fair housing jurisdictions have adopted occupancy policies allowing more than two people to a bedroom. All the enforcement agencies, including HUD, still review a number of factors to determine whether an occupancy standard is overly restrictive. Simply establishing a two-per-bedroom standard without making a determination of its reasonableness for the specific unit involved may not protect you from a finding that the stand...
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By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
If you're in Seattle this weekend, head over to the Montlake Cut for Opening Day of Seattle's boating season on Saturday, May 5th.  Opening Day has been a Seattle tradition since 1913.Sponsored by the Seattle Yacht Club, the Opening Day events have been held at the Montlake Cut since 1920.  The festivities begin bright and early with the U.S. Navy Band concert at 8:45 at the Seattle Yacht Club, followed by the Dragon Boat race and Crew races (21st Annual Windermere Cup) The highly of the day is the Opening Day Parade which begins at Noon with a blast of a cannon and the opening of the Montlake Bridge.
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By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
Queen Anne Hill sits majestic as it overlooks the Emerald City below.  Originally home to many of the city's prominent citizens, Queen Anne still reflects its heritage with its many turn of the century mansions and Queen Anne style homes.  As the city grew, Queen Anne evolved and is now home to a diverse group of people, businesses and activities.Current condo developments in Queen Anne include a mixture of revitalized conversions (apartments to condos) as well as new construction.  Here's what's coming up in the neighborhood.Expo 62 - Expo 62 is the newest condo development, planned in the lower Queen Anne area next to the world-famous Space Needle.  This new project includes 114 homes.  Read more about Expo 62. 22 West Lee - This small boutique condo is one of the more upscale project...
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By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
Wedged between Lake Union and Capitol Hill is Seattle's Eastlake neighborhood, one of the city's oldest.  Eastlake contains a mixture of office & commercial space, apartments, condos and is dotted with single-family homes and well-established small businesses.  The neighborhood is a popular place to reside given its easy access to the University of Washington and downtown.While most of the new condo projects are focused around downtown and its core neighborhoods, developers have not overlooked Eastlake with three new condominium projects underway.Eastlake Lofts - The first of Eastlake's new projects, the Eastlake Lofts contains just 18 one-and-two story loft homes in the heart of the neighborhood.   Read more about Eastlake Lofts. Equinox Condos - Equinox is the most ambitious residenti...
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By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
Part of Seattle's condo revolution includes the transformation of the South Lake Union and Gateway districts just north of downtown.  South Lake Union owes its revitalization from a sleepy light commercial district into a bio-medical and residential hub to the vision of Microsoft's co-founder, Paul Allen.  Allen, through his Vulcan Real Estate arm, envisions transforming the area by emulating Portland's population Pearl DistrictAllen initially began acquiring land in the South Lake Union area in the 1990's in support of the community-based Seattle Commons Park initiative.  Voters, though, said no to creating a major in-city park.  The rest is history.So what's underway in the South Lake Union & Gateway districts?Carbon56 - A low-rise conversion in the shadow of Vulcan's popular 2200 com...
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By Ricky D. Sadler, Trusted Senior Property Advisor & Marketing Expert
(Real Estate Marketing Experts &Trusted Senior Advisors on Property Management services, Rentals Leasing, Landlord Tenant )
Contact UsCleanPaintHaul 206-501-3035One Stop Property Services * Qualified Professionals * Competitive rates* Fast turnaround Location: Seattle, WA      Complete Commercial and Residential ServicesOne Stop Property Services Qualified Professional        Many things can get broken, worn out or in need of repair during the life of a lease and the property.  Unless it requires an expensive specialist like electrical or plumbing, a general handyman is usually a more cost effective way to fix them.  Each repair has particulars and we cover your specific needs including but not limited to: Drywall Screens Closet doors hinges, tracks and hangs Caulking around bathroom and kitchens Loose or out of alignment door latches and hinges Gates and fences Leaky pipes Repairing/replacing kitchen and ba...
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By ARDELL DellaLoggia
(Better Properties Seattle )
Seriously.  People spend way to much time worrying about which lender to use and not nearly enough time on which loan program to use.If you have a credit score of 750, 20% down and your loan ratios are in line with lender expectations, you can choose from any lender who has the best costs and rates.However, if your credit score is 640 and you have no money down and no money to pay your own closing costs...DIFFERENT STORY!  You are now looking for the type of lender who can protect you against sub-prime loan practices.It really is not a case of one lender being best for all people and all circumstances.  The best lender for one of my clients is NOT the best lender for another one of my clients.It all depends on the buyer's qualifications or lack thereof.  Higher costs may in fact be appr...
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By ARDELL DellaLoggia
(Better Properties Seattle )
I recently wrote a blog article on Rain City Guide highlighting the fact that Microsoft Area Properties sell 5 times faster than other property in the area.I am happy with the appreciation rate here in Kirkland where I live, as I have a "view property" and view property will pretty much alway do well relative to non-view property.But if you don't have a view or can't afford a view, clearly buying property near Microsoft is always going to be a good investment.  Everytime I turn around, Microsoft is adding more office space and more employees.  Even if they someday downsized, enough people would still want to live close to Microsoft to keep that market hopping and popping.It is not enough to just look for "the house you want to live in".  LOCATION, LOCATION, LOCATION should be first and ...
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By ARDELL DellaLoggia
(Better Properties Seattle )
We read so many articles regarding "Rent vs. Buy" scenarios.Honestly, it's all moot isn't it?  For most people, renting vs. buying is not about whether or not it makes financial sense at all. When people are look for a property to buy, RARELY if ever do they consider renting instead of buying.  Most people who have ever owned property consider going back to renting property.We're just too used to doing whatever we want with our properties.  We're just too used to being home owners.  Unless we find ourselves "in between" such as just after a divorce or a new job, renting really isn't an option we consider.Maybe we should.  But truth is, we just don't.  For me it would be a huge downer, a total self esteem issue, to rent vs. buy.  Maybe I'd spend less per month, but I'd know that somewher...
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By ARDELL DellaLoggia
(Better Properties Seattle )
A Rambler without a basement - First TierA Rambler with a basement - Second TierA Rambler with a DAYLIGHT basement - Third TierA small "tri-level" - Fourth TierA "split entry" home - Fifth TierA "split entry" home with a walkout basement - Sixth TierA 2 Story Home - Seventh TierA 2 Story Home with a full basement - Eight TierA 2 Story Home with a full Walkout Basement - Ninth TierA 2 Story Home with a full Walkout Basement and a 3 car Garage - Tenth Tier All things being equal as to location, homes should value in this manner.  Somewhat because of the cost to build each and somewhat because of the desirability of each out there in the open market.  You might reverse that in an over 55 community :)  But let's assume the buyers to be not looking for "retirement" type housing options.So yo...
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By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
The Phinney Ridge neighborhood is located just up the hill from Seattle's famous Green Lake Park and encompasses the city's Woodland Park Zoo.  The neighborhood provides fantastic views of the Cascade and Olympic Mountains, tree-lined streets and both quaint and funky businesses.Like neighboring Greenwood and Green Lake, Phinney Ridge has seen a number of new condominium developments over the past several years, including the Infinity (2002), Ridgemont (2003) and the Roycroft (2005).  The newest condominium project is Fini, a 5-story building currently under construction on the top of the ridge.  The project includes just 51 homes, an expansive roof-top deck and is expected to be completed in early 2008.  Read more about the Fini.  
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By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
Seattle's urban core neighborhoods have seen the lion's share of new condo development.  Quietly, though, Seattle's north end Greenwood neighborhood has been experiencing its own condo renaissance of sorts.For the past two years a number of condominium projects have taken shape around the neighborhood's business district at the junction of Greenwood Ave and N 85th Street.  It's a good thing too as new residents will enjoy the many small businesses, antique shops, cafes and restaurants.  Businesses include fan-favorite Gorditos, Olive You, Antika, Tully's, Romios, Safeway and Cat City, PAWS' cat adoption facility. So what's happening in Greenwood?Sapphire Condos - Greenwood's newest condo project, the Sapphire provides an affordable option featuring 60 stylish homes.  Residents will enjo...
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By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
The Green Lake neighborhood in North central Seattle is centered around Seattle's most active recreational spot, Green Lake Park.  The lake is ringed by a 2.8 mile path popular with a diverse group of patrons including joggers, bicyclists, rollerbladers and those wishing to take a casual stroll. For years Green Lake has moved along slowly in respects to real estate development.  However, since 2004, the condominium market in the neighborhood has taken off and it's now undergoing a significant transformation.  Here's a look at what's going on in Green Lake. The Greenlake - The Greenlake was one of the first major condominium developments in the Green Lake neighorhood.  Completed in 2004, the 6-story complex includes 106 homes just two blocks from Green Lake Park.  Read more about The Gre...
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By Ricky D. Sadler, Trusted Senior Property Advisor & Marketing Expert
(Real Estate Marketing Experts &Trusted Senior Advisors on Property Management services, Rentals Leasing, Landlord Tenant )
www.rd-house.com 206-728-6063 Flat fee Rates High Services Call for summary of Services Seattle WA Leader in Property Management RD House REAL Estate & Property Management Location: Seattle, WA Your real estate is a valuable investment and we can help you protect that investment with sound expertise. Our goal is to provide you the best property management service available in the Washington State Please feel free to contact us Monday through Sunday from 9 a.m. to 7 p.m.Ricky D Sadler Broker/Senior PM @ 206-728-6063 or email rickyd@rd-house.com Summary of ServicesOwner/Tenant Relations: As your agent, we will advertise your property to locate and qualify tenants suitable for your property. We handle the negotiation of leases, collection of advance rents, security deposit escrow accounts,...
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By Ricky D. Sadler, Trusted Senior Property Advisor & Marketing Expert
(Real Estate Marketing Experts &Trusted Senior Advisors on Property Management services, Rentals Leasing, Landlord Tenant )
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By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
The Seattle Condo Expo and Realtor Symposium is set for May 19th & 20th at the Westin Hotel. Tickets will go on sale on May 1st and those interested in attending can register on their website. Kiro Radio has several short podcasts of interviews with several leading individuals in the Seattle condo craze including the developers of AVA & 1 Hotel, Blaine Weber of Weber + Thompson, Dean Jones of Realogics and economist Matthew Gardner of Gardner-Johnson…to name a few. The event has blossomed into a two-day expo with a consumer focus. Last year, it was a single evening event aimed towards Realtors. The change this year sounds like a great opportunity for the buyers to immerse themselves with various projects at a single location as well as provide an opportunity to meet with architects and ...
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By Deborah Burns ~ Seattle Real Estate Agent
(Realty Executives -BRIO)
The Grand Opening of SAM: The Seattle Art MuseumThe Seattle Art Museum, SAM, will be celebrating it's Grand Opening May 5th & 6th.  The museum has been closed for it's expansion, and is now almost ready for it's Grand Opening Debut next week.  This has been a very busy year so far for SAM, because earlier this year in January the Museum celebrated the Grand Opening of it's new outdoor sculpture park in Belltown.  The Olympic Sculpture Park opened during a sunny winter weekend with large crowds of Seattlites roaming the Park.          SAM will be open for 35 straight hours beginning 10AM on Saturday May 5th until 11:59 PM on Sunday evening.   There will be music, and other live entertainment for Art lovers and admission to the main museum will be free.  The special exhibits in the Galler...
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