Looking For a Home With a View?

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According to the Seattle Times, a recent study by the University of Washington asked newcomers and long-term residents what they value most about the Seattle area. All answered “the natural beauty of the region”! So we can all agree we … Continue reading

Real Estate Outside of Seattle

Working in the city can be exhausting with the crowded sidewalks and streets, loud with the horns and sirens, and at times too much concrete! Many Seattleites spend a majority of their weekend out in the beauty Washington has to offer. Have you ever thought about skipping the weekend commute and having a home away from home? Having a place to gather friends and family for holidays? Ewing and Clark has the home for you!

Anacortes lies in the Olympic Mountain rain shadow surrounded by the north Puget Sound and San Juan Islands. The area gets half as much rain as Seattle. Located on Fildalgo Island, popular destination for boaters headed to surrounding islands.

Remarkable low bank architectural residence with sandy beachfront on 3.5+ acres. A rare hidden oasis, approx. 310’ of waterfront with Southern exposure overlooking Deception Pass State Park. Framed by Madrones & dramatic rock formations, this custom home has an open floor plan, exposed beams, natural woodwork & opulent windows inviting the panoramic view inside. Private grounds, garage with MIL, studio & pickle ball court. Stunning patios, stairs, wading pool & fire pit made with thick granite slabs.


Orcas Island is the largest of the San Juan Islands, yet less populated. Visit the island by ferry or seaplane for the ultimate getaway!

Stunning waterfront estate, 2 parcels, 27+ acres with over 2,000′ of low bank west facing shore and protected 60′ dock. Extraordinary finishes, amazing architecture, designed by the island’s premier architect. Enjoy stellar water views from every room. Inviting living room features commanding stone fireplace with distressed plank floor opening to a huge waterside deck ideal for entertaining. Superb guest cottage, picnic pavilion, garage, shop, & bunk room. Parked grounds with fenced gardens.

Sequim (pronounced – ‘skwim) is located along the Dungeness River near the base of the Olympic Mountains. Sequim is also known as Sunny Sequim – the city receives less than 16 inches of rain per year.

Extraordinary offering on the Strait of Juan de Fuca with 180 degree views. Sophisticated, open design- a modern longhouse, with cathedral ceilings, beautiful wood carpentry, huge windows taking in peaceful, breathtaking views. Native landscape of fir trees, salal, wild rose, intertwined by inviting lawn paths. Main House 2 bedrooms and 3.5 bathrooms & adjacent Guest House, 3 bedrooms and 2 bathrooms. 15 homes in Sequim Bay Pt community share outstanding amenities: Pool, lagoon, docks, meadow, tennis courts, miles of beach. A NW Treasure!

Greenwater has a warm summer climate and sits southeast of Seattle. Close to many National Parks.

Dazzling Greenwater Masterpiece. Luxurious 3210sf residence nested at the edge of the White River with panoramic valley vistas. Exquisitely furnished by “Masins”. Main house 4 bedrooms & 3 baths and an ADU apt above garage sleep 12 guests in high style. Sophisticated SONOS sound system, Xtrodinair wood & 2 gas fireplaces, Viking kitchen, game room, wide view decks, hot tub, 2 garages, greenhouse, metal roofs & rustic cedar siding, auto generator & aggregate driveway. A 5 star mountain property!

Oysterville was the hub of oyster farming. Located on the east side of the western peninsula of Washington.

This is a rare opportunity to own 2 homes on 3 lots in beautiful downtown historic Oysterville. Hand built craftsmanship shows throughout. Ideal vacation or weekender. Easy access to bay and ocean. First home has bedroom, loft, full kitchen and 3/4 bath. Second home has kitchen, full bath, laundry and huge upstairs sleeping 10 plus. Or divide into 2 bedrooms. Large barn-style building for cars and storage. The extra 2 lots are prime sites waiting for you imagination. Property is gluten & trans-fat free.

Broker of Washington State’s finest residences, mansions and estates since 1900, our residential agents provide luxury real estate services throughout Washington.

Feel free to contact us through our website, when you see us in your local neighborhood, or at an open house. Our real estate agents are always willing to give advice on the Seattle real estate market, and are ready to help with any of your real estate needs.

 

Real Estate News from Ewing and Clark

The heat is really rising this month and the inventory in the real estate market is still low. For the first time in the King County area, the median home price has increased over $100,000 in just one year. The country had its hottest month of July in the last 17 years, with prices rising 18.6 percent from a year ago. Seattle and the Eastside did show a slight drop in median prices compared to our record-setting June, but were still up 15 percent from last year. Seattle’s median home price is $749,000 and the Eastside is $860,000. Condo median price in Downtown Seattle actually saw a slight drop compared to the prior year ($462,000 vs $465,000).  The condo price drop in Downtown Seattle was due to the Insignia condo which was completed in 2016.  In July 2016, the Insignia accounted for over 25% of the condos sold (105 units) at a median price of $695,900.

Check out our new listings all over Washington State. Click on the photos below to see more!

Extraordinary, sweeping panorama of City skyline, Space Needle, Mt Rainier, Elliott Bay, and Alki Point. MLS#1158119

Newly refreshed 3 bedroom and 2.5 bath 2 story home in Auburn. New paint inside and out, new carpets and appliances. MLS# 1175853

Stuart Silk designed modern residence on the shores of Lake Washington in Washington Park. Sublime, meaningful design exudes serenity & sophistication. MLS# 1176637

Remarkable low bank architectural residence w/sandy beachfront on 3.5+ acres in Anacortes. MLS# 1174896

A boater’s paradise: new dock, boathouse, sandy beach & ramp! Just outside the Locks on Shilshole Bay offers gorgeous views of the Bay, Locks, boating activity & wildlife. MLS# 1173593

Sophisticated, open design- a modern longhouse, w/cathedral ceilings, beautiful wood carpentry, huge windows taking in peaceful, breathtaking views in Sequim, WA. MLS# 1142395

Contact Ewing and Clark for any of your real estate needs.

 

 

Homes for Under a Million

The Seattle real estate market continues to be one of the hot topics in the nation.  As prices rise and inventory remains low, many first-time home buyers are in bidding wars for their dream home (or close to their dream home). Queen Anne has become Seattle’s first neighborhood to have a median home price of $1 million dollars and Capitol Hill is not far behind at $890,000. Condominium sales are also struggling with inventory, down 24 percent from a year ago. The median sales price for condos last month was $328,675, which is an increase of 9.6 percent from a year ago. Some think there is no chance of finding a home under a million dollars, but here are some for you to consider!

3030 80th Ave SE, Mercer Island

Available for $499,950

20012 27th Dr SE, Bothell

Available for $700,000

2721 1st Ave, Belltown

Available for $309,000

3116 164th St SW, Lynnwood

Available for $255,000

Ewing and Clark is Seattle’s oldest real estate company. Our agents are experts in the market and have been for many years. Contact us today and we can make the home buying process feel like a breeze.

Seattle Rents: High, But Not Highest In Washington State

It’s not a news flash that the real estate scene in Seattle has exploded in recent years. The Emerald City has gone from a town most people outside the state only associated with coffee and flannel, to the tech capital of the US (save for our friends in Silicon Valley). As home to some of the biggest tech names in the world and a booming job market to match, it’s fair to say there’s might not be enough housing to meet demand. Or, at least to meet demand AND your budget.

High rises, apartment buildings and condos are going up all over the city, and soon, our beloved skyline will be dotted with more and more buildings and towers, making the Seattle of just 10 years-ago look almost unfamiliar.

Seattle has recently made headlines as one of the most expensive places to live, get this, in the world. That’s right, recent data has placed Seattle’s rent rates at 5th highest in the nation and, supposedly 9th highest in the world! However, San Francisco and New York still dwarf us, tying for number one most expensive, world-wide.

Those of us who are Seattle Natives know that the average rental rate in Seattle has increased fairly dramatically in the last few years, but it’s interesting to note that, while Seattle’s rents have been on the rise, they don’t quite top the list of highest rents in the state.

According to recent data from Apartment List, Seattle ranks at number 5 in the state for highest rents, with the average monthly rent for a one-bedroom apartment at about $1,650.

Surprisingly, Mercer Island tops the list of cities in Washington for highest rents. A one-bedroom on Mercer Island goes for an average of a whopping $1,890 per month. No one said Island living was cheap, I suppose.

Filling in the gaps between number 1 and number 5 on the list are Bellevue at number 2 with an average of $1,860 per month for a one-bedroom (not a whole lot lower than their neighboring Island), Redmond at number 3 with an average of about $1,690 monthly rent for a one bedroom and Kirkland at number 4 with an average monthly rent of $1,660 for a one-bedroom.

Seattle and the Eastside are not the only places in Washington with rising rent rates. Tacoma tops the list nation-wide for fastest growing rent with a year-over-year growth rate of 7.7 percent. Seattle comes close, but not close enough to that figure with year-over-year rental rate growth at 5.3 percent.

Staggering growth aside, Tacoma is still a bargain in the rental market compared to Seattle, with a one-bedroom in Tacoma going for an average of $1,000 per month. For those of you keeping score, that’s a savings of $650 compared to Seattle.

But, proving that some things really don’t change, the cheapest places to live in the Evergreen State are still East of the Cascade Mountains. You can get a one-bedroom for only $600 per month in Walla Walla and it’s not much pricier in the State’s second largest city, Spokane, at around $630 per month.

What a difference a mountain range makes…

Weyerhaeuser: Woodsy Urban

Weyerhaeuser’s Lobby Area.  Photo: Anthony Bolante/Puget Sound Business Journal

Weyerhaeuser’s new headquarters has moved “out of the woods” and into the urban core, to paraphrase The New York Times. A number of large, local companies decided recently to move their suburban headquarters to the Seattle core, including Weyerhaeuser, in an attempt to attract new talent who might prefer the perks of a downtown lifestyle. Another reason Weyerhaeuser decided to move is their previous location, which they occupied for 45 years, was deemed too big. Last autumn, they moved most of their office (between 700-800 employees) from a sprawling 430-acre campus in Federal Way to a single, new building in downtown Seattle. Their 166,000 square foot building is adjacent to Occidental Park, a community in transition, in the Pioneer Square area which is 3 blocks from a transit hub.

Weyerhaeuser Building in Pioneer Square.  Photo: Stuart Isett/The New York Times

Exterior of Weyerhaeuser Building.  Photo: Greg Gilbert/The Seattle Times

The exterior of the Weyerhaeuser building (220 Occidental Avenue South) is understated with quality details, and makes an effort to blend with the historic brick buildings that surround it.  An overhang and mason end walls align with the cornices of the historic buildings around the square, for an even line or flow from building-to-building. Also in keeping with its historic environment and Weyerhaeuser’s 116+ years in business, the bricks on the new building were placed by-hand, highly unusual these days, instead of a prefabricated sheet of bricks. The structure was developed by Urban Visions, who chose to work with architecture firm Mithun.

Weyerhaeuser lunch room with Elizabeth MacPherson, Mithun principal. Photo: Greg Gilbert/The Seattle Times

Photo: Greg Gilbert/The Seattle Times

Weyerhaeuser produces wood products + land-related endeavors, and these materials are highlighted in their interior space, with the occasional burst of color (such as furniture). In the lobby, an employee’s photo of trees in a woods has been converted into a large digital wall mural. The ceilings, walls, tables, desks and other elements are often made from their own sustainable timber or made of natural materials. There’s quite a few windows for natural light. A rooftop garden. Studio SC’s large black and white wayfinding illustration of tree branches begins from an upper landing in the stairwell and works down floor-by-floor, ending with tree roots on a lower level. Even though this is a new building, a sense of history has been infused.

With the new building bordering the east side, Occidental Park is now enclosed on four sides and resembles a small, urban European plaza or Early American town square, especially during the summer. There’s seating available at the park, surrounded by hanging flowering baskets, older trees, and totem poles. Crime has dropped at the park by 2/3rds as of late July 2016, due to a very successful partnership between the Downtown Seattle Association and Seattle Parks & Recreation. As a result, a larger variety of people frequent the park because family-friendly events/activities, food trucks, games, and live music are now more commonplace. The re-invigoration of several downtown parks usually means an eventual rise in real estate values and a renewal of businesses in the vicinity. Weyerhaeuser, steeped in a long history with sustainable endeavors, is no stranger to renewal.

Occidental Park outside Weyerhaeuser headquarters.  Photo: Stuart Isett/The New York Times

Washington State Home Sales Soar Past Previous Highs

sold-sign2015 may have been an interesting year for many reasons, but in the world of Washington real estate, it sure felt like the good old days.

Not since the way-back-when of 2007 had so many homes and condominiums sold in the Evergreen State. According to the Northwest Multiple Listing Service, 2015 saw a whopping 88,331 homes changed hands last year, about  14% more sales than in the previous year. Those who have done the math say that works out to about 75,975 single family homes and 12,356 condominiums, valued at  approximately $34 billion, about 23% more than the dollar volume sold the year before. Those impressive figures make 2015 one of the best years for Washington State real estate in recent memory.

The last time this state saw real estate figures like that was in 2007, before the bubble burst and sent the country into what is not-so-affectionately known as The Great Recession. Even in 2007, the figures only added up to about 82,197 sales valued at $32.3 billion, according to the Northwest Multiple Listing Service.

Furthermore, despite a ‘lower inventory’, so to speak, prices and number of sales continue to grow. In King County, the median home price was $480,000 and more than 26,600 homes sold. Compare that to a median price of  $440,000 and 26,600 homes sold, in 2014 and you’ll notice a jump of close to 10%. Snohomish and Pierce counties can top those figures with growth figures for both median home price and number of homes sold over last year at nearly 16.80% ($355,000, up from $326,360 with 11,303 homes sold) and 17.39% ($249,950, up from 230,000 with more than 13,200 homes sold) respectively.

Overall, region-wide, the growth was about 8.8% from 2014, with a median price for single family homes and condominiums at about  $310,000, up from $285,000  last year.

Numbers like this are a positive and encouraging sign for the state of the  real estate market and the country’s economy as a whole. Let’s just hope nothing comes along and tries to ‘burst our bubble’ this time.

Is Everyone Moving to Interbay?

seattle sunset“Location, location, location,” has been said is the key to success in real estate. So on the heels of Expedia’s announcement to move to Interbay, Lennar Multifamily Communities couldn’t have been more on the mark in building a seven-story, 221-unit apartment project. Located just north of the new Expedia headquarters, which plans to house 4,500 employees, the apartment project plans to wrap construction in late 2017 or early 2018. Perfect timing to welcome Expedia to the neighborhood.

Lennar Multifamily wasn’t aware of Expedia’s plans to relocate when they took on the project late last year.  The complex will go up where the Quest Church currently resides, which is moving into the previously owned Mars Hill flagship church, located in Ballard. Brad Reisinger, of Lennar Multifamily, told the Puget Sound Business Journal that, “even without Expedia, we always thought Interbay had a lot of potential.”

The sentiment rings true for a number of developers and investors, as the Lennar complex is one of three apartment projects going up in surrounding area of QFC at 15 Avenue West and West Dravus Street. Beyond the development deals happening, it seems that the investment already shows promise as new apartment complexes in the area are already full.

Nestled in between Ballard and downtown, two neighborhoods that are growing at an exponential rate, it’s not surprising the Interbay neighborhood has piqued the interest of developers and investors alike. With dependable public transportation along the 15th Ave./Elliott corridor, the area offers a lot in terms of expansion and mobility. This area will be one to watch over the next few year, if it isn’t already.

New Bike Trails in North Seattle

bikeA cycle track was built on the Burke Gillman Trail this last spring. A cycle track is a bike trail with cement barriers that separate bicyclists from motor vehicles. It cost a hefty $260,000 for a quarter mile stretch but bicyclists say it’s worth it and that it makes them feel much safer.

The city will spend nearly $4 million this year planning, designing and installing new and safer bike paths. A new cycle track will open next month in North Seattle connecting the Interurban Trail in Bitter Lake on Linden and 130th. There is a path being planned for the Maple Leaf neighborhood which will run along Roosevelt Way NE from NE 75th to NE 85th.

Luxury Condos at Bellevue Towers Finally Almost Sold Out

towers

Almost all the condos in Bellevue Towers have been sold. A sign posted in the lobby announced that 95 percent of the 539 condos had been sold. In reality, less than 19 are left available. By now, it’s most likely that there are even fewer available. There are several orders pending. 16 condos sold in May and 21 closed in April.

The towers were completed and ready for occupants in 2009. 230 future owners had put down a deposit but soon after the stock market lost half its value, only 35 units closed. In January of 2011 prices were lowered by around 30 percent and units began to slowly sell. Units have been selling quickly the past 3 months. Why? With home prices on the rise, a decision was made not to raise unit prices to meet the rest of the housing market.

It is expected that the Bellevue Towers will completely sell out within the next month or two. A few larger units with at least 1,900 sf remain and range in price from $895,000 to $6.5 million. The towers offer more than a few amenities such as a 24/7 concierge, entertaining/board room, half acre garden, work out rooms, spa areas and a theater room with big cushy chairs to relax in.