Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts

Help for homeowners - Foreclosure Prevention Unit

Wednesday, January 4, 2017



Come to a free presentation at the Senior Center on Tuesday, January 17, for expert information on how to avoid mortgage foreclosure. Speakers from the Northwest Justice Project's Foreclosure Prevention Unit specialize in helping Washington Homeowners facing foreclosure of the primary residence.

10:30 - 11:30am, 18560 1st Ave NE #1 - southernmost building on the Shoreline Center campus.



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Home sales in Shoreline during November 2016

Friday, December 9, 2016

The following is a sampling of homes at each price point that sold in Shoreline during the month of November 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.





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Home sales in Lake Forest Park during November 2016

Wednesday, December 7, 2016

The following is a sampling of homes at each price point that sold in Lake Forest Park during the month of November 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.




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For Sale: the Wurdmann mansion

Tuesday, November 8, 2016



By Diane Hettrick

For years, Lake Forest Park residents daydreamed over the Wurdemann mansion. Sitting on a four acre piece of property near the intersection of Ballinger Way and Bothell Way, it was vacant for years. Weatherbeaten and apparently crumbling into ruin, it sat in romantic splendor.



The Wurdemanns were among the first to purchase lots in Lake Forest Park, securing a five acre area. Their mansion was built in 1915 in the Georgian style with a marble staircase, four bedrooms, four bathrooms, four dressing rooms, and a grand spiral staircase.


In 1990, Brian Taylor and partners bought the property, subdivided off several lots, and completely renovated the house and outbuildings.

The main house is 5,000 square feet with four bedrooms and 3.5 bathrooms. The lot is 41,000 square feet with "poetic grounds, tennis court, circular drive, Georgian style porches, walls of French doors and a carriage house attached to a three car garage. The entry introduces beautifully the gorgeous detailed interior of the home. Majestic wide stair case, elegant formals and period detailing throughout."




Now it's on the market again. I'm told that several more lots have been divided off but it is still a large property. The house is no longer a romantic ruin, just a big house. Even the price of $1,680,000 is comparable to other homes in Lake Forest Park.



It's still beautiful and it still has the view of Lake Washington.



For all of you who have wondered what it is like inside, realtor Kim Thomas of the Lake Forest Park Windermere office has provided these photos.

If you are interesting in buying, you can reach her by email or 206-601-4969.

It has been used several times by organizations. In 1990, it was the Seattle Symphony Designer Show House (see article in The Seattle Times). In 2014, the Shoreline Historical Museum gave private tours of the mansion as a fundraiser for the museum (see our article).






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Home sales in Lake Forest Park October 2016

Monday, November 7, 2016

The following is a sampling of homes at each price point that sold in Lake Forest Park during the month of October 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.




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Real estate sales in Shoreline during September 2016

Monday, October 10, 2016

The following is a sampling of homes at each price point that sold in Shoreline during the month of September 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.




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Real estate sales in Lake Forest Park September 2016

Sunday, October 9, 2016

The following is a sampling of homes at each price point that sold in Lake Forest Park during the month of September 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.


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Home sales in Shoreline during August 2016

Friday, September 9, 2016

The following is a sampling of homes at each price point that sold in Shoreline during the month of August 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.




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Home sales in Lake Forest Park during August 2016

Thursday, September 8, 2016

The following is a sampling of homes at each price point that sold in Lake Forest Park during the month of August 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.




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A snapshot of real estate sales in Shoreline and Lake Forest Park

Sunday, August 28, 2016

Special to the Shoreline Area News, real estate correspondent and North City resident Nan Skinner breaks down the real estate market in Shoreline and Lake Forest Park.

By Nan Skinner

Lake Forest Park

Residential

As of this moment, there are 35 homes available for purchase in Lake Forest Park. There are two homes that have recently gone under contract and are awaiting the inspection phase of the purchase process. Fifty-two homes were waiting for new people to take ownership. The people involved in these 52 transactions are working smart and hard to make sure the transactions close on time and as easily as possible.

Twenty homes were sold in the month of July (yay, new homeowners). Sold prices ranged from $140,000 to $825,000. The size of these homes ranged from 1030 to 3520 square feet (2-6 bedrooms and 1-3.5 bathrooms). Most of these homes were on the market for less than 10 days (that's the number of days between when they came on the market and buyer and seller came to mutual agreement on an offer). About half of these 22 homes sold for well over asking price!

Condominium

Big contrast to residential market - 2 condos for sale and 2 waiting to put the sold sign up. Two condos sold in July, one for $215,000 and one for $225,000.

Shoreline

Residential

There are currently 94 homes for sale in Shoreline. Number of days on the market range from 0 (new today) to 1583. (I'll tell you about the pending sales in a minute.) Prices for these homes range from $265,000 to over $5M. One home is 740 sf and another is over 10,000 sf with many sizes in between with two to more than 6 bedrooms!

Now, let's talk about pending sales. There are a couple of pending categories this month that I don't see often - Pending Back-up (2), Pending Feasibility (1) and Pending Short Sale (1) (thank goodness we're over that phase). An agent will use the pending back-up category when she wants to encourage additional offers. Pending feasibility means the potential new owner wants to do something different with a property. This one happens to be in a new zoning area in North City. Hmmm. Pending short sale is waiting for a bank to approve the purchase price. So, back to the count. Fifty-seven homes are about to get new owners (pending). Say hello to your new neighbor!

Seventy-three homes sold in Shoreline in July! The prices of these homes started at $299,000 all the way up to $1.3M. The smallest home came in at 800 sf with 2 bedrooms and 2 baths and sold for $47,000 over list price! The largest home sold was 3450 sf with 4 bedrooms and 2.5 baths and sold for list price (about $1.2M).

An observation: the number of sold and active listings are very close in numbers. This MAY mean the market MAY becoming more balanced. A buyer's market means the supply is greater than the demand and prices go down. A seller's market means the demand is higher than the supply and prices go up and buyers might have to pay more than they wanted. A balanced market means the demand is close to the supply. 

Condominium

Twelve condos sold in July. The price range was $175,000 (582 sf) to $375,000 (1583). Almost all of these sales were at or above asking price.

New Construction

Well there is new construction in Shoreline and Lake Forest Park. There's a new development (12 Degrees North) where the former Elks Lodge was and those properties make up the largest portion of this market. There are seven new construction homes for sale in Shoreline and Lake Forest Park, just one of them is in the new development. List prices range from $581K to $1.5M. Six new construction homes sold in July, 3 in Lake Forest Park (12 Degrees North) and 3 in Shoreline, all in the $500-$700K price range. 

Stats Summary

In both Shoreline and Lake Forest Park, there were 111 homes sold in July. The average sale price was $547,000!  The average number of days these homes were on the market was 14! Almost all homes sold for over asking price. The typical 3 bedroom, 2 bath homes now sells for an average price of $460,000.  In July 2015, the average price for this typical home size was $416,000.  I'll let you do the math.

~~
Nan Skinner lives in Shoreline and is associated with the Keller Williams Bothell Market Center.  She's been helping happy home owners and investors for 16 years. If you have any questions about real estate, call or text her at 206-734-9289. Her e-mail address is rayn@kw.com and her website is www.realest8lady.com.


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Home sales in Shoreline during July 2016

Monday, August 8, 2016

The following is a sampling of homes at each price point that sold in Shoreline during the month of July 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.





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Home sales in Lake Forest Park during July 2016

Sunday, August 7, 2016

The following is a sampling of homes at each price point that sold in Lake Forest Park during the month of July 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.




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Home sales in Shoreline during June 2016

Friday, July 8, 2016

The following is a sampling of homes at each price point that sold in Shoreline during the month of May 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.



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Home sales in Lake Forest Park during June 2016

Thursday, July 7, 2016

The following is a sampling of homes at each price point that sold in Lake Forest Park during the month of May 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.



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Home sales in Shoreline during May 2016

Friday, June 3, 2016

The following is a sampling of homes at each price point that sold in Shoreline during the month of May 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.


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Home sales in Lake Forest Park during May 2016

Thursday, June 2, 2016

The following is a sampling of homes at each price point that sold in Lake Forest Park during the month of May 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.




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Home sales in Shoreline during April 2016

Saturday, May 7, 2016

The following is a sampling of homes at each price point that sold in Shoreline during the month of April 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.





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Homes sales in Lake Forest Park during April 2016

Friday, May 6, 2016

The following is a sampling of homes at each price point that sold in Lake Forest Park during the month of April 2016 from data compiled for the Shoreline Area News by the Shoreline Windermere office.





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Our sizzling real estate market

Sunday, April 10, 2016

By Nan Skinner

You've probably heard that our local real estate market is hot! It is. I like to back up statements like this with statistics. These stats are provided by Northwest Multiple Listing Service and compare the first quarter of 2016 with the first quarter of 2015.

Let's see what they say about the market in Shoreline and Lake Forest Park. *Days on Market - Average number of days from the time the house was put on the market until an offer was mutually accepted by seller and buyer.


            ACTIVE LISTINGS

            YTD 2015        YTD 2016

New Listings             258                     287
Average Price        $813,836        $1,064,063
Median Price         $541,175        $   588,687
Average DOM*          71                       60

            CLOSED SALES

            YTD 2015          YTD 2016

Sold                             193                      167
Avg Sale Price        $437,127           $513,175
Average DOM*           42                       16.5

The most significant numbers are the differences between the average list price and the average sale price, the differences between the average number of days on the market between 2015 and 2016, and the 8.5% increase in average sale price between first quarter of 2015 and the first quarter of 2016.

Also, notice that the number of homes sold in the first quarter of 2016 is less than the first quarter of 2015. It's too bad no one (that I know of) keeps records of the average number of offers made on houses because almost everyone I talk to in the biz has either received multiple offers on behalf of their sellers or been in competition with other offers when representing their buyers. I wonder how the ever-popular Spring market will be?

For questions or concerns, contact Nan Skinner at 206-734-9289 (call or text) or rayn@kw.com. Nan is a real estate consultant associated with Keller Williams Realty Bothell. She lives in and loves living in Shoreline.



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Home sales in Shoreline during March 2016

The following is a sampling of homes at each price point that sold in Shoreline during the month of March 2016 from data compiled by the Shoreline Windermere office for the Shoreline Area News.





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