Neighborhood Profile – Seward Park

Inspired by a birthday visit to Seward Park this last weekend and some absolutely glorious weather, I decided to profile the neighborhood! Seward Park is located in southeast Seattle and the park occupies all of the Bailey Peninsula, a prominent, forested peninsula that juts into Lake Washington and offers incredible opportunities for recreation and spectacular scenery, especially when you get lucky like I did and “the mountain is out”. 🙂

Seward Park (map) is bounded on the east and north by Lake Washington, on the south by South Kenyon Street, and on the west by the eastern boundaries of Columbia City, one of Seattle’s oldest neighborhoods.

If you’re interested in visiting or living in Seward park, spend some time driving around and then go work up an appetite at Seward Park before indulging in some highly rated pies at Flying Squirrel pizza, or fuel up pre park at Both Ways Cafe.

Here is a snapshot of active listings in the Seward Park area and if you would like more details or have any questions just comment or shoot me an email at condokat@gmail.com

Here is another shameless plug of my adorable Olive enjoying the park and some of the beautiful forest area which also abounds!

Seattle Condo Prices Are On The Rise

This morning as I scrolled through my Facebook feed, I came across this article from Curbed Seattle regarding Seattle condo prices. It caught my eye because recently I had blogged about low inventory in Seattle and specifically low inventory in the condo market, so the rising prices in both new construction and resale condos didn’t surprise me. It’s just good old supply and demand at work!

According to the NWMLS, today there are 203 active condo listings in the area shown below and $850.000 is the average price. The condo with the lowest price can be found in a great location in the Greenwood neighborhood. It’s listed at $120,000 and you get a basic, slightly dated one bedroom.  On the extreme other end of the spectrum is the highest priced condo in the luxurious Four Season’s Residences,  it’s a 2 BR stunner with spectacular Seattle views (they better be at $7,155,000.00) If you are interested in learning more about either of these condos or those in between, just shoot me an email condokat@gmail.com

HUNTING THE ELUSIVE HOUSE IN SEATTLE?

When it comes to housing inventory in Seattle…. The proverbial cupboards can seem bare.  According to this article in Curbed Seattle, housing inventory in Seattle is down 20% from this time last year!

When I talk to buyers, many are (understandably) frustrated because either they can’t find the home they want or they have been through the process several (or more) times and have “lost” to another buyer who simply offered terms that were more attractive to the seller.

If you are a buyer in Seattle proper, poised to submit an offer on a great home in a good location, there is a superb chance you are in for the dreaded bidding war.  Just because you are a well qualified buyer making an excellent offer based on the comps, putting down 20% (or more) and offering to close in 30 days doesn’t mean you have an excellent chance of “winning” the home.   And that’s exactly  what it feels like in this market, “winning”! It seems more like a game of “The Price Is Right” than a negotiation based on data and logic.  You are trying to guess what the other buyers are going to offer —  without going over. But don’t despair! You’re home is out there and you are going to win it! 🙂

If you are searching for a home in Seattle today, it’s important to watch the market like a Seahawk (which most people don’t have the time to do). You need a good broker who will watch it for you.  If you would like to receive a daily, accurate and comprehensive list of properties that match your specific criteria; including pictures, tax info, descriptions, age of home, etc. Just fill out this form and I will email them to you. (I promise no junk and you can opt out any time!)

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If you are a seller thinking of selling your home, LUCKY YOU! The time is NOW. If you would like a report detailing the value of your home based on nearby comps, just shoot me an email: condokat@gmail.com.

DEAR SEATTLE: WHAT’S YOUR CONDO WORTH? (JANUARY 2015 EDITION)

If you live in Queen Anne, Magnolia or downtown/Belltown or are thinking of selling or buying a home in any of these Seattle neighborhoods, click on the below spreadsheet for some useful data. According to the NWMLS  45 condos sold in January 2015 at an average selling price of $442,906.69 and there are currently only 140 active in those neighborhoods which means just over a few months of inventory (probably less as we are headed into spring).

CONDOLESS IN SEATTLE!?

According to a recent article featured in Curbed Seattle, there are less than 150 active condo listings on the market in downtown Seattle. According to another article, new condo costs rose 3% in a year.

It doesn’t take a rocket scientist to conclude it’s a good time for condo owners who might be thinking of selling – to pull that trigger. I think it’s clear we are in need of more condo development in Seattle, we were recently named the 5th fastest growing city in the US by Forbes! Considering the city is surrounded by water, it makes sense to go vertical, doesn’t it?

DO WASHINGTONIANS LIKE THINGS TINY?

According to a recent map put together by Estately “small houses”, “tiny house plans” and “tree house” are among the top five Google search terms. On the flip side, “chateau” is also on the list, so perhaps Washingtonians are extremists.

Downsizing can have many advantages for the right person: tiny houses save you BIG money, you will have less stuff to take care of and clean, environmental friendliness and more time and freedom. There are also disadvantages: claustrophobia, entertaining can be a challenge, lack of storage and complications with building codes and zoning laws.

Do you think you could live in a tiny house or would a chateau be more up your alley? 

STEP INSIDE THE LUXURIOUS 50 SHADES OF GREY CONDO

I just heard that curious folks have been calling my office to ask about the condo featured in the movie version of “50 Shades of Grey”. Specifically, they want to know whether the “red room of pain” exists. Sorry to disappoint, but the answer is, no. I’m sure the new owner(s) can afford to assemble their own given they plopped down a paltry $6.2 million on the 5,100 sf penthouse featured in the movie.

Like it or not — or just don’t admit you like it, 😉 50 Shades of Grey has entered the all time best selling books list with a total world wide sale of 100 million copies! The chances are very high that if you haven’t read it, you know someone who has, or are at least aware of its existence.

The books and movie are based in stunning Seattle. In the movie version, the successful and sexy male protagonist, Christian Grey hangs his hat…. and his whips… and various adult accessories at Escala luxury condos, located at 1920 4th Avenue. The Escala is a beautiful, contemporary building. It’s enveloped by the downtown retail core in the vibrant neighborhood of Belltown. There are an array of world-class restaurants, shops and entertainment venues to keep you occupied. Pike Place Market, the Seattle Art Museum and the vibrant Seattle waterfront are only a few short blocks away.  High end finishes and spectacular views abound at Escala.

There are currently 3 active listings at Escala ranging from $1,250,000 to $6,599,000 and below is a spreadsheet showing what has sold in the last 12 months according to the NWMLS.