Seattle Home Show This Weekend

Posted on October 4, 2012 by

Are you thinking about updating your home, but having a difficult time coming up with savvy ideas for improvements? The Seattle Home Show is in town this weekend, and is the perfect place to gain inspiration for new home projects. The Home Show is the Northwest’s largest consumer home show with everything indoor and outdoor home related.

Photo Courtesy of the Seattle Home Show

The expo begins tomorrow at the Century Link Field Event Center, and will showcase hundreds of exhibits from builders, developers and re-modelers, with the latest models of new appliances, fixtures, and landscaping. There will be seminars throughout the weekend, and special events such as wine tasting to boot! Tickets are $10 in advance, or $12 at the door for adults, and $7 in advance for seniors. All ticket pricing includes free parking at Century Link Field Event Center, and a free cup of F.X. McRory’s chowder. For more information on the Seattle Home Show, visit their website.

Real Estate Development in Madrona

Posted on June 1, 2012 by Michelle Ellsworth

There has been signs of a stronger real estate market for months and the numbers have proven that Seattle’s real estate market is improving. In addition to the strong sales numbers, I have noticed that construction has picked up in Madrona. Everyone in Madrona is aware of the Pike Station project on the corner of 34th and Pike, but that is not the only Madrona real estate project. For example, there are two new homes being built on separate lots on one square block in Madrona in between 30th and 31st Avenue and East Olive and East Howell Street.

On the corner of 30th and Olive an old blue home was torn down and a new larger single family home is being built while in the middle of the block on 31st a new modern home is being built in what once was the backyard of another Madrona home.

In another part of the Madrona neighborhood on 35th Avenue between Union and Spring, another old home was torn down and it will be replaced with two new view homes. One house will be 1120 35th Avenue and the other will be 1124 35th Avenue.

The Madrona real estate market is strong, if you want more information feel free to contact me with any of your real estate questions.

CORRECTION: Two Madrona view homes are being built on 35th rather than just one as previously reported.

Prime Madrona Real Estate For Sale

Posted on April 25, 2012 by Michelle Ellsworth

A gorgeous 1920′s Dutch Colonial on prime Madrona real estate with fantastic views of Lake Washington, Bellevue skyline, Mt Rainier & Cascades recently came on the market. The completely remodeled Madrona home presents a modern, open floor plan, with pretty entry gardens and front porch open to the oak floors and crisp lines of the interior. Fir windows and doors, with two sets of French doors opening to spacious deck. Kitchen with impressive limestone island and high end appliances. Huge master bedroom suite fills the entire 2nd floor with two additional bedrooms in lower level.

Click the link to see more pictures, details and location of this fabulous Madrona home.

Status:	For Sale
Bed/Bath:	3/2.25
List Price:	$1,365,000

Madrona Home Featured in Pacifc Northwest Magazine

Posted on April 16, 2012 by Michelle Ellsworth

A beautiful Madrona contemporary home was featured in the Pacific Northwest Magazine in this Sunday’s paper. The home was built in 2009 after the owner noticed the real estate was for sale while jogging in the Madrona neighborhood. Click the link to the Seattle Times to see more pictures and read more about this Madrona home.

Cash is King in Real Estate

Posted on February 27, 2012 by Sarah Hill

The Seattle Times had an article regarding how cash is king in the real estate market. One-third of all U.S. home sales this past December were cash deals. Clean offers – one with limited contingencies – especially those with no financing contingency are in high demand. One would not automatically assumed this is a bad thing, but the issue is these cash deals are putting downward pressure on home values because sellers are accepting lower offers for a sure deal. No where is this more prevalent than with homes owned by banks. Banks are motivated to get real estate off their books and are not emotionally attached to the homes they sell so a sure deal is the deal they prefer. But buyers who need to finance their home purchase do not need to fret. For example, in foreclosures Fannie Mae and Freddie Mac prefer first time home buyers and people who are buying the house to live in it. Also, not all owners are like banks who are willing to take less for a sure sell. So while cash is king, it is not the ultimate determination in real estate transactions.

It is an unusual real estate market, inventory is down, sales are up, but at least in part due to these cash deals there is downward pressure on home prices. To navigate this unusual real estate market, one should contact a local real estate agent for professional advice.

Seattle Home Prices Up 32% Since 2000

Posted on February 1, 2012 by

According to the Case-Schiller home-price index posted in the Seattle Times, home prices in Seattle are up 32% since 2000. However, the home prices are the lowest since 2004. The strongest price decline this year occurred in November, most likely due to sales of foreclosed homes. For more details, please visit the Seattle Times article.

Seattle Residential Real Estate: Pay Attention to the Neighbor

Posted on January 23, 2012 by

In a buyer’s market, there’s many various factors that can affect the price; one of them is who lives by your home. A recent Seattle Time article reports that a bad neighbor can cause more than just a nuisance; it can also drive down the sales price, up to a 10% reduction! However, it is difficult to quantify, as one man’s bad neighbor may be another man’s best friend.

If you’re looking for a way to handle a bad neighbor, there are a few options available. Some include contacting the King County Dispute Resolution Center, joining forces with other neighbors, mitigating the problem, and more. The full list is located at this Seattle Times article. Read through and maybe you can get some ideas on how to have a healthy, harmonious living situation, even with a bad neighbor.

Growing Optimism in Housing Market

Posted on January 20, 2012 by

According to a Moody’s Analytics report via Realtor Mag, there is growing optimism in the housing market. Existing home sales, new home construction, and new home sales are all predicted to significantly rise in 2012. It’s predicted that new construction will see a 37% boost, with sales of new construction increasing 74%. Existing homes will see a 12% increase in sales.

These double-digit increase predictions are largely due to the gains in housing stocks and consumer confidence. The S&P home building index increased 38% from mid-October. Regarding consumer confidence, 71% of consumers believe it’s a good time to buy, and over 1 out of 4 people believe prices will rise.

Holland Residential Building Residential Community in South Lake Union

Posted on January 18, 2012 by

According to the Seattle Daily Journal of Commerce, Holland Residential will be starting construction in June on a six-story, 285-unit residential building on 801 Dexter Ave N. It will also include 8 live-work units, 4,400 sq. ft of retail space, and 232 parking spaces. The design will face the design review board on March 7th, at 6:30, at the Queen Anne Community Center.

It will accompany the other residential buildings being built on 717 Dexter and 907 Dexter. Holland Residential is also constructing a 300-unit complex at 1319 Dexter Ave N. and a 142-unit complex at 1201 Mercer St. This flurry of apartment building is motivated by the recent expansion of Amazon, the construction of Gates Foundation, and overall development of the South Lake Union neighborhood in Seattle.

Seattle Times – Pacific Northwest: A Take on a Backyard Cottage

Posted on January 17, 2012 by

With the popularity of backyard cottages in Seattle, here’s another take on one in Edison, WA, located by Samish Bay near Bellingham, WA. Architect David Hall built a 448 sq.ft economic backyard studio for $106,000. The south-facing flexible studio has floor-to-ceiling windows and sliding glass doors, which lends itself to become a detached bedroom, a guesthouse, an art studio, reading room, and even an assisted living quarters. Its flexible nature and openness to the outdoors connects the occupants with the landscape, reminiscent of Frank Lloyd Wright designs. Some even view it as a potential design for emergency housing during floods. To learn more, please read the Seattle Times – Pacific Northwest article.

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