Lakeside in Edmonds

This sunny, Lake Ballinger waterfront home sits at the end of a quiet cul de sac. A level, three quarters of an acre lot creates a quiet respite for the end of the workday or playing hooky on a summer afternoon. Beyond the formal entry, one’s eyes are immediately drawn to the wall of east facing windows with the spacious yard and lake beyond. The bright and open living and dining rooms wrap around a mid-century, corner, brick fireplace. An admirable kitchen couples the dining room and layout accommodates more casual meals or social connection to whoever is playing chef that day.

A practical laundry/mudroom connects the spacious two-car garage to the kitchen. Sizable, and equipped with a number of built-ins, this room is able to serve many purposes while keeping your clutter conveniently tucked away.

A substantial bonus room also carries the ability to flex with your lifestyle, whether it be spacious office, media room, romp and play room, or all of the above.

The master suite is equipped with walk-in closet, full bath including 2 vanities, soaking tub, and separate shower, and an additional room for reading, nursery, crafts, etc…  A second bedroom and full bath are just down the hall from the master and a third bedroom with en-suite three-quarter bath is also nearby.

Outside a generous deck borders much of the lake side of the home and is accessed easily from kitchen, dining, and living rooms. A simple field of grass separates the house & deck from the waterfront and dock. So spacious your Thanksgiving family football game could take place right off the kitchen! OR be ready for summer soirees with a croquet set, volley-ball net, canoe and paddle boards!

With a picturesque setting, convenient location/simple commute, big windows, and rooms both spacious and flexible, this home doesn’t challenge anyone’s needs or desires. Make your lifestyle choice a reality!

Looking For a Home With a View?

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This gallery contains 33 photos.

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 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.

Sell Your Home This Spring With These Seven Tips

Spring has sprung in beautiful Seattle, and if you’re looking to sell your home, there may be no better time to do so. Think about it, what a lovely time to showcase your home and really put its best foot forward, so to speak? Here are some tips to get your home looking picture perfect for a Springtime sale.

  1. Spring Cleaning
    Nothing says Spring more than a good old fashioned Spring cleaning, and that may be just what your home needs (probably, even if you’re not going to sell it) to get it in tip top shape. Go through those boxes of STILL unpacked home goods, linens and clothes that have sat in a closet or attic since move-in day and get rid of whatever you don’t need or use anymore (trust me, charitable organizations are just as grateful for the donation this time of year as they are in winter).  Get the windows washed, floors scrubbed and everything looking clean and clutter-free. Plus, you’ll have the added bonus of a much easier move after you sell, if there’s less stuff to pack!
  2. Get Your Garden On
    Spring is an excellent time to make your yard look its absolute best. Slip on some gardener’s gloves and pull a few weeds, plant new flowers, prune trees and bushes and make sure any leftover leaves from winter are raked up and the grass is mowed. Potential buyers are definitely going to check out your yard, and just like a delicious meal, presentation is everything. Do your best to seed patchy grass, lay down beauty bark or simply add rock edging to flower beds. Adding more colorful flowers can make a big difference in how appealing your home looks too. It’s the little touches that can make a big difference.

  3. Create A Patio Worth ‘Sitting A Spell’ On
    Once the yard is looking good, it’s time to turn your attention to any outdoor living space your home offers. Simple improvements like clean, well-kept patio furniture with bright and colorful pillows and a few nicely potted plants can create a lovely and inviting outdoor space as well as help to evoke images of enjoying the Summertime there, in a home-buyer’s mind. That’s the kind of image that may just get you an offer. Also, it’s a good idea to stage the patio area with a pitcher and glasses of a refreshing beverage on the patio table when showing the home, especially on a nice sunny day.
  4. De-Gunk the Driveway
    A very simple yet often overlooked way to add extra curb appeal and freshen your homes appearance is with a good power wash to the driveway and any sidewalks outside. Moss, oil stains and other undesirable things can collect on paved surfaces outside of your home and make it look neglected or just plain grungy. A nice power wash should do the trick and rid those surfaces of any ‘blemishes’, instantly boosting the overall ‘put-together’ look of your home.
  5. Let There Be Light
    We are blessed this time of year with much more abundant sunlight than just about any other time of year (save for summer, of course). Why not take advantage of it by opening your house up to more light? Weather permitting, open windows and patio doors to let in plenty of light, fresh air, and maybe even the oh-so-Springy scent of freshly cut grass and flowers.  Use light the way ladies use lipstick for a night out, as an easy finishing touch that adds immense appeal, quickly and easily.
  6. Make Sure Things Are Up to Snuff
    Hiring an inspector to give your place the old once over is usually a good idea, no matter how well maintained it may be. If you have even a tiny inclination that something may need to be fixed before it hits the market, you should have a pro take a peek. Plus, getting things fixed and in great condition can significantly drive up the selling price of your home, which is generally a good thing. Your realtor (or a potential realtor) should be able to help you find a professional in your area to conduct an inspection.

7. All The Home’s A Stage
Staging can play a BIG part in attracting a buyer. Just as garden improvements and      landscaping are hugely important for the outside of your home, staging is key for the inside of your home. Regardless of whether you’re currently living in the home, or moved into your new abode, you want to create a space that’s warm, inviting and, well, homey. People need to be able to picture themselves living their daily lives there, so making it feel like home is important. Add a vase of fresh flowers to the dining table, a basket of fresh apples to the kitchen counter, have art on the walls (but not too much, and try to minimize the presence of personal or family photos) and fun throw pillows/blankets on the couches. You can even add the scent of fresh laundry or freshly baked cookies (a scented candle should do the trick) to get an extra edge, as our sense of smell is most directly tied to memory and scents like that can ‘take you home’ in an instant.

With these tips, the task of readying your home for sale should be a little bit easier. Remember to take it easy though. Don’t try to bite off more than you can chew and do it all in one weekend. Home buying and selling can take time, and you should take the time needed to get all your ducks in a row before you put that sign out in the yard. Preparing your home for the market can be a breeze if you just take it one step at a time to get your home looking it’s best, and, with any luck, it will be someone else’s home in no time!

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.

Millennials Are Buying Homes After All

broadview homewwThe National Association of Realtors 2015 report on generational trends showed that millennials make up the largest share of homebuyers, sitting at 32 percent. According to a recent TD Bank Survey of 1,002 adults, millennials who are currently between the ages 25 and 34 will be looking to purchase their first home over the next two years. Alas, putting to rest their reputation as the transient renter generation.

As the older tier of Gen Y rounds into their early 30s, many of whom didn’t experience the housing crisis firsthand, they view home buying with innovative eyes. Millennials see the potential in the “fixer upper” home and aren’t ruling them out as viable housing options. Just as likely to roll up their sleeves as the generations before them, millennials like the idea of tailoring their home to their needs.  Despite being laden with college loans and debt, and maybe because of that, Gen Y-ers are also less romantic about the process – purchasing before marriage, owning for shorter amount of time and flipping with success. There is as much risk as there is reward, and this robust generation isn’t questioning if the rewards exists.

Beyond changing the home owner relationship, this generation is also changing the home buying process. “We’re on our phones all the time, and this generation does not like to pick up the phone,” Player Murray, managing broker at Berkshire Hathaway HomeServices York Simpson Underwood Realty told US News. “They don’t want to bother with a conversation if it can be texted.” And because it’s predicted that millennials will (soon) rise as the generation buying the largest number of homes this year, their preference in how the process works, matter – big time. Nela Richardson, chief economist for the real estate company Redfin, agrees that “because of their size, whatever they decide to do will have an impact on the housing market,” and really, with smart phones and searching apps like Redfin and Zillow, Richardson is on to something.

This tech-savvy generation is spearheading change in many industries and real estate has been no exception. As Gen Y-ers overtake baby boomers in the home buying game, there is a ripple effect. Being that only 3 percent of agents are under 30, and 81 percent of real estate agents are over the age of 45, according to a NAR survey of its members, the tables have turned and the consumer isn’t being served by its own age group.

It’s not that Gen Y-ers aren’t buying homes, they are, just on their terms. They know what they want, which is not a phone call, but rather a text or app that will give them the freedom to research on their time. They do their homework – they aren’t looking for an access point to the information, as that is already at their fingertips, what they are looking for is a person to interpret the information and not leave anything out. Surprises aren’t fun for this generation, but home improvement projects are!

Millennials Opt Out of Seattle’s Real Estate Goat Rodeo

Mt Baker

The fact that the housing market in Seattle is hot, is not new news, and finding a home without over paying is becoming quite a task. When a 1,100 square foot home listed at $559k, sells for $717K, it feels it might take miracle to lock something down that is both desirable and reasonable. Moreover, when, and more so, if¸ you find a great buy, the market heavily favors those willing and able to pay cash to win the bid. Well, there is one demographic of Puget Sound residents who aren’t jumping on the real estate bandwagon – millennials.

According to the Puget Sound Business Journal, people between the ages of 25 and 35 who are homeowners is at the lowest since the Gold Rush era. And for good reason. Overall, things are just more expensive now than they were during the previous decades. College tuition has tripled since 1980, causing millennials to take out college loans or needing to take a longer time getting their education due to having to work simultaneously. As such, paying off acquired debt, or simply just getting the basics (job, place to live, overhead costs) nailed down is priority number one. With such a competitive job market, it takes a few years (or ten) of hard work to reach reasonable earning potential.

open-house-illustration

However, Seattle has some of the biggest businesses headquartered here favoring hiring millennials, one of which is Amazon. The online retailer hires thousands of employees yearly, many of which are coming in out of state. Most of those recruits, still fresh to Seattle and a little leery of all the grey, are perfectly content with renting even if they could afford a nice house to match their nice salary. And this doesn’t just happen for Amazon employees, as Seattle has plenty company employees working the same model.

Not surprisingly, this might be a piece of why Seattle currently ranks second on the list of best cities to own a rental property (a jump from seventh place last year). The region’s job growth, paired with the number of people moving into the area, and with the lack of available homes for sale, these are some key factors in why the rental market is going so well. So, for now the millennials are opting out of Seattle’s real estate goat rodeo, but it doesn’t seem like too many people, no matter how ready, are having much success either.

Seattle Home Prices Up 18.9% Over Year

MadronaThe Seattle-area housing market is running full speed ahead and shows no sign of slowing down as the spring buying season progresses. With a steady stream of buyers attracted to the area’s strong job market, King County’s 1.3-month supply of homes is being far outpaced by demand, resulting in double-digit price increases over the year. According to the Northwest Multiple Listing Service, the median price for a single-family home in the city of Seattle has increased by 18.9 percent from March 2014, and now stands at $535,000. Prices for King County as a whole rose by 8.8 percent, and the median price for homes sold in March was $440,250. Condo prices in King County are also up, having risen nearly 8 percent over the year to a median of $269,600.

Potentially further complicating Seattle’s challenging home-buying market is the announcement that travel website Expedia will be moving its headquarters from Bellevue to Seattle’s Interbay neighborhood, bringing with it 3,000 employees who may choose to relocate in order to eliminate a commute from the Eastside. The current environment of low interest rates, low inventory, and strong demand, as well as rental rates that are higher than they’ve ever been, point toward a market that will be dominated by multiple-offer situations and continually rising prices in the coming months.

If you are interested in buying or selling a home in the Seattle area, contact your local real estate agent today.

Tis the Season: Top Reasons to Buy During the Holidays

Although sales are historically down during the last few months of every year, there are certainly some noteworthy perks to the home search during the holiday season. Here are a few reasons a new home should be on your wish list for Santa this year. 812 W Galer

Did you know home prices are generally listed lower in December, than they are throughout the rest of the year? There are several reasons for home affordability increasing this month, and low mortgage rates is another factor in your favor. Mortgage rates are around or just under 4%, and according to Zillow estimates, are expected to jump to 5% by this time next year. If you wait just one more year to purchase the same home, your monthly mortgage payment could increase significantly. This isn’t to say that you should buy a home now if you’re not ready; buying a home is a huge commitment, and  knowing when you’re ready and able to purchase is essential. It is also worth noting that if Seller’s are listing their home during the holidays, they are usually very serious about selling their home. Maybe they recently received a new job and need to relocate before the end of the year. Their lack of time is your gain – and you can also lower your tax bill for the year if you close on your new home by Dec 31st. For more information on homes for sale in the Seattle area, contact your local real estate agent today.