MID-JUNE 2018
Pacific Publishing Company – Queen Anne & Magnolia News • Capitol Hill Times • Madison Park Times • City Living Seattle
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Home & Real Estate www.CityLivingSeattle.com
S E R V I N G
N O R T H
S E A T T L E
N E I G H B O R H O O D S
S I N C E
1 9 2 2 :
BALLARD, FREMONT, GREEN LAKE, NORTHGATE, PHINNEY/GREENWOOD, RAVENNA/ROOSEVELT AND WALLINGFORD
What a Difference Another Month Makes! Simple Steps for Smart Storage and Easy Moves If you read our article What a Difference a Few Months Make! in the April issue of City Living you learned that there was a significant increase in multiple offers and the ultimate sales price of homes in Northwest Seattle. We feel like I could title this article “What a Difference Another Month Makes!” Inventory levels have been increasing around 50% month over month since March. In May we saw the largest number of homes come on the market
and we are definitely not seeing as many offers on homes. At the time of this writing there were 153 homes available for sale in Northwest Seattle. The average days on market for those homes is 32 days. From a long-term historical perspective 34 day that is not a long time. However, from a short-term perspective, where homes averaged 6 - 9 days, that feels like a long time. For homes currently under contract (Pending) the average days on market are 14. We are also seeing more price drops than in previous months. 16% of the homes currently on the market have had price drops. We talk with a lot of Brokers throughout the city and we are hearing the same feedback from everyone we chat with. We try and stay in
tune with the current market conditions, which can change weekly depending on how many homes have come on the market. As you can imagine, pricing homes in this type of market presents its own unique set of challenges. As listing Brokers, we focus on our current market statistics – who is our current competition and what are recently Pending properties selling for; these two data points should be the driving force in setting a list price. If you are considering selling your home soon, do not overprice, buyers and their Brokers are savvy, even a slight overpricing of your home will likely stall a sale. Price at market value and allow the market to drive the price up from there.
Sandra Brenner, Managing Broker CRS, SRES, MCNE Steve Hill PREMIER Broker ®
Windermere Real Estate/FN in well over a year. This increase in the number of homes available for sale has given buyers a bit of breathing room. May is historically one of the highest months for homes to hit the market and this year was no exception. Buyers also paid slightly less in May than they have in previous months. The price per square foot has been hovering in the upper $400s for the past three months. Buyers paid an average of $477 in March, $494 in April and $474 in May. This has been the first significant drop in price per square foot in NW Seattle in well over a year. It will be interesting to see where these numbers are in June. As Brokers, it feels like we’ve hit a plateau or a slight softening in the market. Homes are remaining on the market a little longer than they have been the past few months
(StatePoint) Did you know 66 percent of Americans have difficulty finding things in household storage? And more than half are frustrated by the task. Instead of stressing, consider using smart, tech-based storage solutions, like the Duck Pack & Track app-based labeling system to keep things organized. It uses a smartphone app and labels with unique QR codes to help you keep track of your boxes’ contents. Additional information is available at DuckPackAndTrack. com. Other things you can do to improve your storage skills? Turn stacks of paperwork into digital files by scanning them or snapping photos. Take advantage of vertical space by installing shelving and hooks. Also, some pieces of furniture, like ottomans, can pull double-duty as extra places to store books, photo albums, blankets, pillows and more. Don’t let your next move or seasonal cleaning be overly stressful. Smart solutions can keep you organized from start to finish.
LOCAL AGENTS with a North Seattle Focus Terry Miller
Pamela T. Bowe MBA, Managing Broker
206-947-7914
Stephen Shepherd
pamelabowe@cbbain.com 1200 Westlake Ave. N. #406 Seattle, WA 98109
Real Estate Broker 206.946.2804
Managing Broker, CRS, CRB 206 954-7174 terrymiller@cbbain.com www.seattleresidences.com
stephenshepherd@cbbain.com
Serving greater Seattle since 1985 FIVE STAR: Best in Client Satisfaction Real Estate Agent 2008-2017
Beth Toomey
Global Luxury Director (206) 949-6325
bethtoomey@cbbain.com www.bethtoomey.com
Audrey Manzanares REALTOR® ABR, SRES
Cell (206) 779-7325 Office (206) 283-8080 audrey@windermere.com audreymanazanares.com
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MID-JUNE 2018
Thinking of selling your home? Take advantage of our FREE Home Selling Seminar on Saturday, June 30th at 9:30AM.
Reserve your spot today!
This will be an information packed 90 minute seminar that you won’t want to miss!
Contact Sandra at 206-271-7100 or sbrenner@windermere.com
You will get expert advice from Steve Hill and Sandra Brenner on the home selling process. Learn how to avoid unnecessary costs when preparing your home for sale and defend yourself against unwarranted inspection repair demands from Buyers.
Saturday, June 30th, at 9:30AM 12250 Greenwood Ave N
Also attending will be our preferred lender, Dietrich Miklautsch, Branch Manager with Guild Mortgage. You’ll learn about flexible loan options that make it easier for you to transition into a new home including a new cross-collateral loan product that allows you to purchase a new home without the need to sell your current home first. Brandal Gehr from VI Inspections will also be on hand. You will learn some of the more common issues that come up during an inspection and what you should do now to prepare your home for an inspection. Windermere Real Estate / FN
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Staff and Instructors with over 30 years of knowledge.
MID-JUNE 2018
Pacific Publishing Company – Queen Anne & Magnolia News • Capitol Hill Times • Madison Park Times • City Living Seattle
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3 Awesome Backyard Party Ideas (StatePoint) Throwing a party and need an idea? With just a little planning, you can turn your ordinary backyard into anything you want it to be. A WATER PARK Who says you need a pool to cool off on hot days? Create a backyard water park with stations like Slip ‘n’ Slide, sprinklers, inflatable water play pools and water balloons. Serve guests popsicles, funnel cake, hotdogs and other waterpark treats. Be sure to have plenty of beach towels on hand and a designated area for those guests who’d prefer to stay dry. A MOVIE THEATER Host a film night under the stars by moving your home theater outside. Create “stadium seating” by putting blankets towards the front of the viewing area, reclining chairs behind those, and then regular lawn chairs in the back. Decorate your backyard in theme with the movie you are screening and serve popcorn. To get the real movie theater experience, use a high-quality projector, such as those from Casio, which combine a laser and LED light source to produce optimal visuals. Their Intelligent Light Control feature senses ambient light and automatically adjusts the projection brightness accordingly to ensure that no matter the time of day or lighting conditions, you’ll have good visuals. With these same ideas and just a few snack and decoration swaps, you can host your friends for any big televised event! SUMMER CAMP Relive the camp experience with some friendly competition. Assign all your guests to teams and then start keeping score. A prominent score board with the current stats and some motivating music will keep guests on top of their game. Include classic feats of strength and coordination like tug-of-war and a three-legged race, but don’t be afraid to branch out to include games that use the mind, such as trivia. Complete the day with an awards ceremony. Take your backyard party to the next level. Pick a theme and go all out to create a fiesta your guests won’t soon forget.
MERCER ISLAND WATERFRONT 2205 60TH AVENUE SOUTHEAST
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HISTORIC CAPITOL HILL 2218 EAST PROSPECT STREET
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SENIOR CITIZENS
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K E N L AT Z
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Dennis Pearce, Realtor Green, Eco-Broker, CLHMS 206.931.9945 Dennis@raincitydigs.com Keller Williams Greater Seattle 1307 N 45th St #300 Seattle, WA 98103
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Local Business Owners:
Contact me this week, if you’d like your business to be featured in front of my 2500+ local Facebook fans!
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206.322.8940 W W W. G B K . C O M
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MID-JUNE 2018
Neighborhood Marketplace RUMMAGE SALE
ASCENSION ANNUAL SUMMER SALE Estate, Rummage, Vintage & Consignment Church of the Ascension Magnolia Village 2330 Viewmont Way West Seattle 98199 Friday, June 15: 9am to 6pm Saturday, June 16: 9am to 1pm Dollar Bag Sale at 1pm. Nice collectibles, furniture, household items, jewelry, children’s items, books.
All books $2/$1.
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