While over a month old, this is interesting. I wonder: how does the percentage of hopeful first time home buyers compare to years past? Given that first time home buyers are typically younger, is their decline because homes became less accessible to them, or could it be that they are less interested in purchasing, due to aversion to risk (they have seen that depreciation is possible), they have more of a “sharing economy” mentality, or some other factor?
National Association of Realtors, www.realtor.org
- Priced high enough to keep Buyers away, but an estate so they likely want to liquidate
- Across the street from Lake Washington
- Large lot
- Large house
- A remodel fits nicely into the Modern movement
View the listing details here.
MLS# 716262 | Listing Price: $1,500,000
I’ve got Seattle’s spectacular rental market on my mind today. For a few years, my friends in “apartments” (involved in financing/building them) have been warning of over-supply. But…demand for both the units as rentals and for them as investments continued (many out-of-area money sources looking to get in on the gems of the Emerald City). Just yesterday, I heard a first-hand account of over-supply. The asset:
- a condominium unit at Gallery; built in 2009, in what I call the “quiet” part of Belltown, at 2nd and Broad (close to Seattle Center and SAM’s Sculpture Park). Solid gym, party deck, and other amenities.
- a 2BR/2BA, 2parking, 1160sf unit in the cool glass “bump out” that juts proudly out towards Broad Street
The owners (ThriveSeattle friends!) told me that they just re-rented it after 1 month of looking for a tenant.
The previous tenants had been paying $3,000/month, or $2.59/sf.
The new tenants will pay $2,500/month or $2.16/sf
The owners report having shown the unit to approximately 30 prospective tenants and received 3 applications, with one prospect entering their thoughts into a spreadsheet comparing dozens of options.
Some prospective tenants told the owners that the larger all-apartment complexes (my friend owns in a condo building and rents her unit there out) were offering iPads and other lease-signing bonuses.
I’d heard all this was coming, but hadn’t seen it yet. What’s your experience been?
Okay, so I do like to find deals in strange places. Believe it or not, I think there may be a good deal here (I do not represent the Seller). If one looks at this is as a raw "space" deal, they are looking at a large, West-facing condo that currently enjoys sounds of the Battery Street tunnel below, but will likely someday have that noise and exhaust go away. And it seems that those elements will be replaced by a re-vitalized waterfront with likely zoning that prevents building in front of this view. So…all those should be verified, but…I think there may be something here. Yes…those are stripper poles.
View the listing details here.
MLS# 710937 | Listing Price: $1,799,500
Been thinking about how much the construction cranes tell us about housing inventory in Seattle. The red and white cranes to the right are building Insignia; the only significant condo project coming out of the ground. The rest of the cranes represent new jobs (commercial office) and non-owner occupied housing units (apartment buildings) in South Lake Union. Through this lens, the strong seller's market makes more sense.
ThriveSeattle (my real estate business) is growing! Thanks to so many of you, I am being asked to serve more and more great people. Thank you!
I am looking for someone to help Kenna (my Operations Director) so that I can focus on strategy and negotiations while backed by a smooth-running office operation.
So, if you know of someone you think would thrive within my team, please send them my way.
First and foremost, I am looking for the right type of person:
-obsessed with customer service
-high capacity for detail
The work will begin as:
-part-time, hourly position; approximately 1/2 time
-physically in-office at Windermere Lakeview; 1920 N. 34th Seattle 98103
-real estate license not necessary
Then, we’ll see where we go:
-I appreciate that some people might prefer for the job responsibilities to remain the same. As long as we have a good fit, I would love that type of consistency. Warning: if it works well, I will likely want this to become full-time.
-I also respect and applaud the desire to grow, so will support a career path into real estate agency
To start, I am looking for help with:
-coordinating pre-inspections, vendors, stagers, photographers, marketing placement, etc.
-interaction with title company and affiliated businesses
-interaction with title and escrow
-coordinating vendors (inspectors, movers, etc.)
Supplies and basic admin support
-listing packets, marketing material procurement, etc.
That’s it. Thanks!
Saturday, May 3, 2014
Best view on the shore!
Entertain your friends, family, and clients at this exclusive shore party, where you’ll enjoy prime viewing of the Windermere Cup races and Opening Day boat parade from the northeast shore of the Montlake Cut (next to the UW waterfront activities center). Don’t miss it. Come for all or part of the day.
$40.00 ticket price includes: continental breakfast, lunch buﬀet, beverages (including beer and wine), and souvenirs.
Shore Party Schedule of Events:
-9:30 a.m. Continental Breakfast
-10:00 a.m. – 11:45 a.m. Races (Watch as more than 800 athletes, ages 14 – 70, compete.)
-11:45 a.m. Lunch Buffet
-12:00 p.m. Seattle Yacht Club’s Opening Day Boat Parade
Enjoy one of the largest boat parades in the world.
This year’s theme is Toys Ahoy!
I would be happy to have you as my guest. If you are interested in joining me, please let me know so I can take care of the tickets. Email or call at email@example.com or 206-669-0203.
Compliemtns of Cleary O'Farrel Photography; best use of Rainier box in a real estate photo. Can you find it?