Mariners hanging tough through June

Endy Chavez hits his 1st HR of the year against the Cleveland Indians Friday night as the Mariners are at 43-37!

Seattle Mariners Ballpark Music

Safeco Field Music



Here’s my own personal rendition on guitar for a WIN TONIGHT AGAINST THE INDIANS – FIRE!

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The Reserve @ Newcastle

Home listings currently available in Newcastle, WA –

Luxury Home @ The Reserve at Newcastle
Additional images HERE

$1,880,000

Truly, a work of art! Custom designed, then perfectly executed by one of Seattle’s most meticulous builders, Dean Homes: Soaring ceilings + amazing natural light, beam detailing, natural woods, stones & granite throughout: Only the finest finish details & with the best feng-shui in mind! Classic ‘great room’ design with library + bonus+ loft + media room: Perfect patio w/ Wolf built in and stone FP, tiered waterfall & pond..all tucked off of the 5th hole on one of the areas finest golf courses!

For more information, contact:

Mark Cardon

425-638-2254

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Home for sale in Newcastle, WA
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$1,550,000

Custom built 6110 sq ft w 4 bed/6 bth. Office w builtin mpl cab. Formal din rm & living rm entertainment rm. 2 pwd rooms 1 w 3/4 bath connected to office. 3 FP. Oversized gmt kit w granite countertops. Brazilian cherry hw floors. Grand staircase w wrought iron spindles. MBR w FP, sitting area, balcony, his & hers bath and walk closets. 3 bedrooms w bath & walk closet. Library w built in cab. Deck off eat space w greenbelt view. 2 air cond. Builtin vac sys. Alliance Esc/Fidelity Title.

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Home listings in Newcastle
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$1,399,000

Newer home built in year 2010 by Classic concepts, 5 bedrooms, 6.5 baths, office, theater w/built in surround sound, three gas fireplaces, pre wired for air cond. Pool room, Skylights. Sweeping views of Seattle, Lake Washington and Bellevue.

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Newcastle homes
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$1,398,000

Newcastle custom view home. Come and experience the extraordinary. Exterior clad in natural stone & stucco. Interior brazillian cherry hardwood, granite, travertine, slate, italian tile, limestone, Hunter Douglas, dual A/C, wrought iron railing & custom millwork. top flight Stainless appliances, 6 bedrooms plus den, 5.5 baths. Wine cellar, mother in law 2nd kitchen, cinematic surround home theatre. Outdoor private patio with custom built in BBQ & lap swimming spa. High tech wiring.

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Eastside Seattle - Newcastle homes
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$1,395,900

Just reduced! Dean Homes, Inc. presents golf course living with meticulous design and craftsmanship. Fabulous floor plan ,5 bedrooms and 4.25 bathrooms, great room with a wall of windows and stone fireplace with a raised hearth. The master retreat features a luxurious bath with an oversized double headed shower and a large walk in closet with custom organizers. The home includes,den with FP, flex room/guest suite, bonus room upstairs,and expansive covered patios overlooking the golf course.

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Home for sale in Newcastle WA
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$1,388,000

Amazing floor plan and craftsmanship! Sky-high cathedral ceilings rise above gleaming Brazilian hardwoods. Dual staircase fly bridge is adorned with spectacular custom railings. Spacious rooms and regal sized master suite offers royal residence. This home will inspire you to entertain. Level lawn backs to native protected growth insuring lifelong peace & privacy. The separate sports car garage & 2 additional bays are just for fun. This fabulous golf course community is a treasured neighborhood.

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Find homes in Seattle's Eastside
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$1,328,000

High caliber craftsmanship with architectural drama plus over an acre of sanctuary, playground, and possibilities! The attached ADU is perfect for guests, caretaker or additional income production. Featuring a dream garage, 11.2 channel theatre, eagles view sun deck plus two other view decks, sport court, barn/studio, the ultimate security system, home sound systems, & a beamed 20 great room with New England granite fireplace focal point! Just 15 to the airport, 10 to Bellevue & 20 to Seattle.

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Homes in Newcastle
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$1,199,000

Former Chaffey model home sits on nearly 1/3 acre, bordered by wooded greenbelt for ultimate privacy. Gorgeous 2-story w/ basement features high-end finishes through-out. Open kitchen w/ granite surfaces, oversized isle, butlers & walk-in pantries, SS appliances. Serene master w/ views offers 2-sided gas fireplace, sitting area & spacious master bath. Bonus, rec area+custom media room! Office w/ attached bath-could be 6th BD. Lots of storage. Fenced, flat backyard. Dual zone A/C! Iss Schools.

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Newcastle home listings
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$1,150,000

Builder/developer alert! 2 separate tax parcels estimating 6 lots on subject properties in addition to existing home. Potential of assemblage of surrounding properties could yield 15 or more total lots. Property slopes to east with no critical slopes. Stream along eastern boundaries. Custom built 3400 sf home, well maintained, original finishes. Renton Schools

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Available homes in Newcastle
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$1,150,000

Stunning Chaffey resale in sought after Highlands @ Newcastle. Flowing Open floorplan offers 4 bdrms, 3.75 baths, main floor den & large bonus room. Entertain formally in the beautiful living & dining rms or casually in the large family rm that opens to the kitchen/eating nook. Chef’s kitchen has slab granite island w/eating bar, cherry cabinets & stainless appliances. Entertainment sized deck overlooks serene setting w/professionally landscaped rear yard that backs to protected greenbelt.

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Find homes in Seattle's Eastside
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$1,079,900

Gorgeous, custom John Buchan home in desirable Highlands at Newcastle. Formal LR/DR with dramatic vaulted ceilings. HUGE gourmet kitchen w/solid oak floors, granite, and stainless steel. Generous family room overlooks multiple decks and protected greenbelt. Upgraded bathrooms w/travertine flooring and granite. Large MB w/private, 5-piece bath. 3 add’l. bdrms, 1 en-suite. Spacious bonus room, and handsome office. Tons of built-in storage in deluxe 3-car gar., plus walk-in storage beneath home.

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Home listings in Newcastle
Additional images HERE

$1,045,000

Immaculate home in the desirable Highlands of Newcastle. Built in 2003, the architecturally rich 2-story with walk-out basement sits on a lush, .33 acre cul-de-sac lot, bordering wooded greenbelt. Very private! Extensive millwork and hardwood floors throughout main level. Gourmet kitchen has slab granite countertops, huge island, Stainless Steel appliances, and French doors to deck. Master features vaulted ceilings, and 5-piece Master bath. Tons of storage!

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Home listing in Newcastle
Additional images HERE

$1,029,000

This 4 Bedrooms, 3.25 Baths Home Featuring 3 Bedrooms, 2 Baths On Upper Level. 1 Bedroom With Standing Shower On Main Floor. Located On A 12,120 Square Feet lot in Highland @ Newcastle. Enormous Master With Sitting Area. Huge Sun filled Bonus Room. Professionally Maintained Landscape Yard With Sprinkler System. Southwest Facing Backyard With Great Patio Space Excellent for BBQ And Enjoy The Late Afternoon Sun. Great Issaquah School District. Minutes to Neighborhood Park.

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Highland in Newcastle Home
Additional images HERE

$955,000

Meticulous 4BD, 3.25BA + Office & large Bonus Buchan home with over $100k in recent upgrades. Open plan w/dramatic 2-story entry, gorgeous millwork, new hand scraped birch floors & designer paint palette. Music/tech lovers dream w/multi-room audio & whole home Control4 automation system. Home features new carpet, lighting, fixtures & stainless appliances. A private prof landscaped yard w/stone patio, lighting, audio & peaceful fountain that backs to a quiet greenbelt. A/C & custom storage shed!

For more information, contact:

Mark Cardon

425-638-2254

Listing courtesy of

Search Properties on the Eastside of Seattle under 600K

Search the newest listings in Bellevue, WA

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Posted in Bellevue Washington Real Estate For Sale, Home Buying, Homes for Sale, Homes for sale in Newcastle, WA, Luxury homes, Newcastle, Puget Sound Homes, WA homes for sale, Washington Real Estate | Leave a comment

Lakefront Lake Sammamish – Game Of Homes #gameofhomes



Property information here

Homes for sale on Lake Sammamish

Posted in Bellevue Washington Real Estate For Sale, Bellevue Waterfront Properties, Custom High End Real Estate Puget Sound, Issaquah Real Estate, Lake Sammamish, Luxury homes, WA homes for sale, Washington Real Estate, Waterfront Properties For Sale | Tagged , , , , , , , | Leave a comment

New Home Checklist

1. Always change locks. You don’t know who has a spare set of keys to your new humble abode. Always play it safe and have all of your locks changed.

2. Next, reprogram the garage door opener. When it comes to security, always error on the side of safety. Most remotes have a reset button, but if you need more instructions, the manufacturer of your remote can walk you through the steps for your make and model.

3. Make certain you know where your water shutoffs are located. Find the main water shutoff as well as all outside water spigots and hose-bibs. You may have to ask the previous homeowner if you cannot find them yourself.

4. Know where your main circuit breaker box is located. Check out its accuracy and make sure you fully understand how things are labeled. If it’s a new home and unlabeled, now is a great time to get more closely acquainted and familiar with the circuits and clearly make your own labels.

5. Test the smoke detectors and carbon monoxide detectors, even if they were disclosed as being operational. For smoke detectors, you need one in each bedroom and on every floor. Also, place a fire extinguisher on every level and learn how to use it.

6. Figure out a strategy to use if you get locked out of your home. Use a Hide a key or leave a copy with a neighbor. (This is a great time to meet the neighbors and exchange phone numbers.) Share the key solution with family members.

7. Establish a MyLowe’s account. You can store valuable information there, such as paint colors, room sizes, furnace filter sizes, and purchase history. Lowe’s can even send you a reminder to change the furnace filter.

8. Become familiar with your HVAC system to feel confident about using both the furnace and/or air conditioner. If you don’t have instructions? Google it!. Put in a new filter, which should be changed out at minimum quarterly.

9.
Make a list of how many and what type of light bulbs you home uses, then buy energy efficient replacements. Check all outdoor fixtures, also.

10. Replace all toilet seats. Ok, that’s an awkward moment.

11. And like I was trained in Scouts, make an exit plan for emergencies. Always be prepared!

Best return on renovation dollars spent

Remodeling Tips

Remodeling Tips
Getting the most bang for you buck spent is sometimes a challenge. Some may be necessary for your family and lifestyle, and others are driven by the market and consumers. What’s the answer? Here are the top factors to consider from consumer expert Jennifer Openshaw, author or The Millionaire Zone and a columnist for The Wall Street Journal.

Remodeling ROI
The cost vs. value ratio is what can be expected in potential resale return divided by cost of the project. The typical remodeling return on investment (ROI) in the U.S. traditionally averages about 58 cents per dollar spent on the project.

You Best Bets
Kitchen and deck remodels are of the greatest return and highest payoff, but your choice typically depends on your bank account (see chart).

Replace vs. Refresh
Top of the charts finds that replacing a roof or furnace will return up to 10 percent more than the overall average of 58%. Refreshes can actually do even better, earning more than 100 percent. A front door replacement returns more than it costs (see chart). Paint, cabinet makeovers, and hardware upgrades return the most, because they don’t cost much.

Standing Out From The Crowd
Did you ever think that being different might pay off? If yours is the only home in the neighborhood with a full bathroom on the first floor—which is highly desirable with an aging population—you may be able to command a higher resale price.

Posted in General Real Estate Information, Home Improvements & Tips, Home Ownership, Income Property, Investment Real Estate | Leave a comment

Western Washington Real Estate is “red hot” to “slowly healing”

Click here for the 2014 Seattle Mariners Schedule

Eastside Seattle

Brokers report some skittishness among both buyers and sellers, but the latest statistics from NWMLS indicate the housing market is continuing to rebound.  Both the number of pending sales and the number of new listings added to inventory during April reached their highest levels in 11 months.

  • Closed sales of single family homes and condominiums were slightly below the year-ago volume, while the median sales price rose slightly (up about 1.9%).
  • The residential market is red hot with multiple offers are the “norm” for new listings, with about two-thirds of homes near job centers selling in the first 30 days.  That’s about twice the normal rate!
  • Many areas outside the Greater Seattle job centers also show signs of positive activity, but at a more moderate pace.
  • “The real estate market continues to show positive signs both locally and nationally”
  • MLS members reported 9,590 pending sales of single family homes and condominiums during April, about even with the same period a year ago when brokers tallied 9,600 mutually accepted offers.
  • Last month’s total marks the highest level since May 2013 when the MLS reported 10,045 pending sales across its 21-county area
  • Improving inventory is helping to boost sale, but MLS officials say the number of distressed sales in some areas, and shortages of the “right kinds” of inventory persist, are causing some drag on activity
  • Some brokers also expressed concern about the sluggish pace of new construction.
  • Members added 11,043 new listings to inventory during April, about 700 more than a year ago for a 6.7% gain.  At month end, there were 21,390 listings system-wide, up nearly 7.9% from twelve months ago when active listings totaled 19,826.
  • A lot of potential sellers who would like to move up are reluctant to list due to uncertainty that there will be something on the market they would want or be able to purchase
  • We are still desperate for inventory in spite of statistics indicating we have more listings
  • The result is a catch-22 situation “because nearly no one will accept a contingent offer”
  • MLS figures show there is slightly less than 3.5 months of supply area-wide, but amounts vary widely around its service area.  Eight counties are below the 6-month threshold, including three counties with less than four months of supply: King(1.74 months), Snohomish(2.47 months), and Pierce(3.6 months)
  • The median price on last month’s sales area-wide was $275,000, rising from the year-ago figure of $269,950 for a gain of nearly 1.9%.
  • Twelve counties reported year-over-year increases.  For single family homes the median price was $287,500, up about 2.7% from a year ago.
  • The median price for condos that sold last month jumped nearly 8.3% from a year ago, rising from $203,000 to $219,750.
  • In the Puget Sound region, price changes for sales of single family homes and condos were mixed.  King County had the sharpest gain at 9.7% versus a year ago, followed by Snohomish County, up about 7.6%.  Prices dipped slightly in Pierce County (down 0.9%) and were basically unchanged in Kitsap County (down 0.15%).
  • We have noted a surge of sales of high-end properties in King County.  Our analysis of year-to-date sales shows the number of closed units is up about 25%, rising from 377 for the first four months of 2013 to this year’s total of 473.
  • Research by Core Logic that shows a correlation between million dollar homes sales and stock market gains.  “We are experiencing that effect here as well”
  • Most of the new construction we are seeing are by big builders who were able to buy up much of the foreclosed approved plats, raw land and new developments that were lost by the smaller builders during the recession
  • “The smaller plat developers and builders who are trying to recover and rebuild their business are, understandably so, a bit gun shy”
  • We are seeing for the first time the big developers/builders utilizing in-house employees to manage and sell their plats as opposed to the historical practice of listing them through NWMLS by using traditional real estate firms and their brokers
  • New construction is mostly limited to a few large production builders
  • Other sources of worry for some MLS members are “buyer fatigue” and consequences of bidding wars
  • “We are seeing some “push-back” by buyers who have seen prices rising so fast and are tired of competing in multiple offer situations”
  • For example sellers sometimes set a “review date” for considering offers.  Buyers preview the house but may wait to make an offer until that date passes.  “In some situations the day to review comes, but offers do not.  Then one or two days later, several offers materialize.”  This same phenomenon took place late last spring.
  • In markets where multiple offers are common, “it is even more imperative that sellers demand that their home be exposed to the full market.  Such full exposure to all MLS brokers and active buyers will help ensure sellers receive full market value.

April2014

4countyApril2014

Posted in Bellevue Washington Real Estate For Sale, Bellevue Waterfront Properties, Puget Sound Homes, Real Estate Activity Pacific Northwest, Seattle Homes for Sale, WA homes for sale, Washington Real Estate | Tagged , , , , | Leave a comment

Game of Homes – Season 1 Episode 2

The Pacific Northwest has its own Game Of Thrones – We call it the Game Of Homes!  Inspired by the opening sequence of the hit HBO series…. only with different homes throughout the Puget Sound region.

Newest home to hit the market on the Eastside of Seattle – West side of Lake Samammish.
Listed (as of 5/3/2014) @ $3,278,000
Home has detailed design, quality & a spectacular waterfront. A Rembrandt masterpiece on the West shores of Lake Sammamish. Lake living includes 50’ of no bank waterfront, a pristine sandy beach with dock and boat lift, small lawn and ample patio. The theme song says it all for the exquisite lifestyle experience you will enjoy when you make this yours. Bells and whistles include a 2,500 bottle wine cellar, entertainer’s bar with adjoining billiards and gaming room. A spacious 12 seat professional theatre room, work out room, glorious roof top hot tub, lakefront master with fireplace, huge walk-in shower, view soaking tub & walk-in closet. Automated systems.

This is truly a home with royal touches!

clickhere

 

 

House Seattle

Seahawks Game of Thrones

 

Posted in Bellevue Washington Real Estate For Sale, Bellevue Waterfront Properties, Custom High End Real Estate Puget Sound, General Real Estate Information, Home Buying, Lake Sammamish, Luxury homes, Waterfront Properties For Sale | Tagged , , , , , | Leave a comment

Real Estate Bubble in Seattle? Not when you look at the big picture…

Inventory shortages – The Next Bubble? According to the Case Shiller Home Price Index released February 25th – showed that through the end of December 2013, in the United States, home prices were up 11.3% overall, which was the best year since 2005 according to the chairman of the S&P Dow Jones Index Committee, David M. Blitzer.  Some standout markets in 2013 included 2013appreciation

 

 

 

 

 

 

 

 

 

Several of those markets were hit very hard in the downturn and the numbers listed above reflect a rebound (such as Detroit, Las Vegas, Miami, Phoenix, and Tampa),

  • But what about Atlanta, Los Angeles, Portland, San Diego, San Francisco and Seattle?
  • Several of these markets are driven by pent-up demand and the loosening of credit.  However, it is important to take a closer look at these markets, and any other market that is seeing high demand, to determine where the demand is coming from and if that demand is sustainable
  • For Seattle, there are several factors at work:
  • Growing tech industries and various companies expanding and hiring in the area.
  • Migration to Washington State from other states is very high.  In fact, Washington State has the 10th highest migration totals in the country with 215,494 people moving here from other states in 2012.
  • Foreign and domestic investors are investing in the Seattle housing market and the surrounding areas due to the potential for higher rents in these areas.
  • When demand occurs for more than one reason, it is a sign that a market is healthy, not spiraling out of control
  • We must also take into account that credit is loosening up from recent years, but it is nowhere near as loose as it was in the years leading up to the market correction.
  • New guidelines have been set in motion to prevent the kind of collapse we have had in the past.
  • Credit score requirements are on the way down for loans.
  • In fact, as reported by the LA Times, lenders are reducing the required credit scores for FHA loans and are allowing some with credit scores of 600 to receive mortgage funding.
  • Lenders are also raising the debt-to-income ratio limit.

This is not a bubble.

  • This is a direct result of pent-up demand from buyers who have been waiting almost three years to buy.
  • Buyers who were getting ready to buy a year ago chose to wait because of issues the country was having with the debt ceiling and there was a lack of confidence in the market
  • Consumers are feeling more confident now and they show that confidence in buying real estate.
  • In some markets there just isn’t enough inventory to go around.  The increased consumer confidence along with the lack of new construction inventory has created a storm of demand.

Boomerang Buyers Making Moves to Return to Home Ownership

  • Now that the worst of the foreclosure crisis is in the rearview mirror, former home owners who lost their homes to a short sale or foreclosure are re-entering the housing market.  They’ve spent the last few years rebuilding credit – and they’re ready to buy again.
  • “We’re about three years past the peak of the foreclosures, and that’s about the time when most people would qualify for another loan,” says Daren Blomquist, spokesman for RealtyTrac.  “The market really needs boomerang buyers to maintain the current recovery.”

Seattle Office Development 2014                   South Lake Union Development 2014                     SouthlakeUnionDevelopment2

Church pays $15 million for downtown Bellevue office building

  • Bellevue First Congregational Church on bought the Star Plaza office building in downtown Bellevue for $15 million.
  • It is unclear when the church will move to the 25,250 sq/ft building at 11061 N.E Second St. “Right now we are in the very early stages of the design process.”
  • The church bought the building from Atrium Building Limited Liability Co., according to public records, which also list Barry Mattaini and David Keyes, both of Bellevue, as the LLC’s managers.
  • The church bought Star Plaza because the congregation sold its longtime home at 752 108th Ave. N.E. in February to Plus Investments USA for $30 million.  The 1.6 acre property is zoned for high-rise development.

Medina at $586 per square foot isn’t all that bad

Medina

  • Los Angeles luxury housing has typically been less expensive than in other major cities, according to London-based Knight Frank LLP.  High-end homes sold in 2012 for $5,920 a square foot in Monaco, $5,050 in Hong Kong, $4,300 in London and $2,240 in New York, compared with $1,340 in Los Angeles, the property-consulting firm said in their March report

75-plus presales logged at new condo project in downtown Seattle

  • More than 75 residences at Insignia have been presold.  Insignia is the first major condo project to be built in downtown Seattle in six years.
  • Insignia is a two-tower, 41-story project at 2301 Sixth Ave..  It will have a total of 707 units.  The developer, Bosa Development Corp., is pre-selling units in the first tower, which is scheduled to open in 2015.  The second tower is scheduled to be done in 2016.
  • As the inventory of new condominiums remains low, prices are shooting up.
  • The Mark Co.  said that the average per-square-foot prices for all new downtown condos was 13% higher in January compared to the same month the year beore.
  • The Mark Co.’s Condominium Price Index puts the average price of all new downtown condos that sold in February 2014 at $686.

MLSstatsFebruary2014                 MLSstatsPending2014

markcardon.com

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Posted in Bellevue Washington Real Estate For Sale, Bellevue Waterfront Properties, Development Property, Home Buying, Home Selling, Homes for sale in Newcastle, WA, Issaquah Real Estate, Newcastle, Puget Sound Homes, Real Estate Activity Pacific Northwest, Seattle Homes for Sale, WA homes for sale, Washington Real Estate, Waterfront Properties For Sale | Tagged , , , , , | Leave a comment

The “Gold Coast” of Medina – Newest home listing

Posted in Bellevue Washington Real Estate For Sale, Bellevue Waterfront Properties, General Real Estate Information, Luxury homes, Medina, Puget Sound Homes, Seattle Homes for Sale, WA homes for sale, Washington Real Estate, Waterfront Properties For Sale | Leave a comment

Pacific Northwest’s real estate prospects continue to improve

The Bellevue, Washington area continues to see a general uptick in statistics which fend for positives in both commercial and residential real estate.

In the downtown area, the construction for the Lincoln Square 2 has begun with the demolition of the furniture store and will move next to the old Safeway.

– The Hunan and I Love Sushi are currently being demolition’d to make way for the new light rail which will be going through the new neighborhood of The Spring District.

– Bellevue tops the list as being the region’s most expensive city for a one-bedroom apartment, with rent at $1,434 a month.

– The FHA “Back to Work Program” is currently a great tool to use if applicable.  The FHA has waived its three (3) year post foreclosure waiting period (well in some very specific cases and certain instances).  This is now effective for any new case numbers for new loan applications that are assigned on, or after August 15th of this year.

Who qualifies?
Recent history of bankruptcy?  Yes!
Recent history of foreclosure?  Yes!
Recent history of judgement?    Yes!
Recent history of a short sale?  Yes!
Recent history of loan mod?       Yes!
Recent history of Deed-in-Lieu?  Yes!

–  “Stage is set for another good year” in real estate with year-end gains in inventory, sales, price

– Brokers with the Northwest Multiple Listing Service ended 2014 with the best year-over-year improvement in inventory (up 8.4%) and a similar gain in closed sales to buoy confidence heading into the new year.  December’s pending sales slipped slightly (down about 1.7%) compared to the same month a year ago.
– “Positive job growth and the continuation of favorable low interest rates are setting the stage for another good year in real estate,”
–  Friday’s narrow approval of Boeing’s contract proposal for Machinists union members bodes well for members  of Northwest Multiple Listing Service and the real estate industry

– The robust and diverse economy of the Pacific Northwest is solidified by Boeing’s continued presence in the Seattle area.”  The vote helps secure the region’s position as “the aerospace epicenter of the world with top-notch manufacturing jobs that support the industry.”

–  Boeing workers and other hoping to buy a home have a bigger selection of homes to  consider than house-hunters who were looking twelve months ago

– Currently in Snohomish County, the number of active listings are up 42.6%

–  Northwest MLS members added 4,333 new listings during December, improving on the same period a year ago by 476 listings for a gain of 12.3%

– At month end, there are 19,214 active listings in the MLS database, improving on the year-ago supply by 1,496 listings for a gain of 8.4%.  In Snohomish County, which had the largest jump in supply (43.6%), the selection of condos nearly doubled from a year ago, increasing from 172 to 342 listings

–  Pending sales activity during December was mixed around the 21 counties in the MLS service area, with 11 counties showing increases in mutually accepted offers and the other 10 having fewer pending sales than the same month a year ago

–  An imbalance between supply and demand could be crimping sales in some areas

–  As we head into 2014, we will be starting the year with a shortage or low inventory in the price ranges where approximately 90% of sales activity is taking place

–  Four counties in the Puget Sound region (King, Snohomish, Pierce and Kitsap) all had year-over-year drops in pending sales

= In three of those counties – King, Snohomish and Pierce – there is less than 4 months of supply, which is below the threshold of 4-to-6 months that many analysts say indicates a balanced market.  King County only has about 2 months of supply

–  Brokers notched 5,710 closed sales last month, improving on the previous year by 443 transactions for a gaian of 8.4%.

–  During 2013, Northwest MLS members tallied 75,517 closed sales system-wide.  That total outgains the previous year’s volume of 64,624 closings for an increase of nearly 16.9%

–  The median price on last month’s sales of single family homes and condominiums was $275,000, up more than 7.8% from a year ago when the median price was $255,000

–  In King County, prices jumped 9.9%, rising from $342,000 to $375,900

–  Prices in Snohomish county climbed 13.7%

– Of last month’s closed sales, about 86% were single family homes

–  Those homes had a median selling price of $285,000, about 7.6% higher than a year ago figure of $265,000

–  In King County the median sales price was $419,825, up nearly 10.5% from a year ago when the median selling price was $385,046

–  Condo prices surged 18.6% from twelve months ago.  Area-wide, condos commanded a selling price of $209,900, up from a year-ago figure of $177,000.  In King County, where nearly two-thirds of last month’s condo sales were located, the price soared 21.4%, rising from $206,000 to $250,000

–  Improvements in the luxury segment (defined as properties priced at $1 million or more) were noteworthy.  A comparison of 2012 and 2013 shows brokers reported nearly 500 more high-end sales last year to outperform the previous year by nearly 40%

–  The luxury market will continue to see an increase in sales activity and home values in 2014.  This market will be driven by pent up demand and by the owners of trophy properties who are confident that values have returned to acceptable levels

NWMLS statistics Dec 2013

Pending Sales Dec 2013

Posted in Bellevue Washington Real Estate For Sale, Home Buying, Home Selling, Homes for Sale, Homes for sale in Newcastle, WA, Newcastle, Real Estate Activity Pacific Northwest, Seattle Homes for Sale, Washington Real Estate | Tagged , , , | Leave a comment

Homes For Sale on Mercer Island

Get to know a little about Mercer Island here

Real estate on Mercer Island

Aerial photo of Mercer Island

Mercer Island home View from Washington Lake Mercer view of Washington Lake Dock Image5 Image6 Image7 Image8 Image9 Image10 Image12 Image13 Image14 Image15 Image16 View of Washington Lake Image19 Image20 Image21 Image22 Image24 Image25 Image26 Image27 Image28

$6,881,000

Art + Architecture + Nature deftly fuse into this waterfront estate that is sophisticated, luxurious and playful. Masterfully renovated with meticulous attention to detail and craftsmanship, this exquisite home is ideally located on prime north end Mercer Island shoreline and has unrivaled waterfront, style, entertaining spaces and outdoor living. Gracious rooms and expansive terraces showcase the symphony of sparkling lake views. 5-star Master suite. Year-round oasis with saline pool and spa.

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Mark Cardon

Listing courtesy of Windermere RE Mercer Island

 

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