Ballard Art Walk

In July I'll be featuring works by muralist Kristine Henshaw at the Ballard Art Walk.

Henshaw, delights in painting the spectacular beauty of her home state Washington. A muralist for over ten years, her work can be seen in many public and corporate facilities throughout the region.

Stop by this Saturday July 11th, 2009 from 6 to 9 PM at the FORUM CENTER, which is located at 1718 NW 56th Street, Seattle, WA 98107.

http://www.seattlehomekey.com/artwalk.htm

Recently Sold in Magnolia

I recently sold this charming brick Tudor in Magnolia for $615,000.

http://www.seattlehomekey.com/Listings.htm#condon

Large condo for rent in University Plaza $1675/m

Located on the northeast corner of the 15th floor. Excellent mountain views. Spacious rooms and updated kitchen and baths with granite countertops. Approx. 1150 sf with W/D in the unit. Building amenities include exercise room, sauna, pool, and banquet room. All utilities included in rent!

For more information go to: http://www.seattlehomekey.com/Forrent.htm

Homes Sold in North Seattle WA

From October of 2008 through March the median priced home in north Seattle has been sliding downward with a low of $394,250. It appears April has turned the corner with the median priced home selling for $427,750. May dropped a little to $401,875 but home prices should continue to improve through the summer.
Sales Value Line-Chart

Like Central Seattle home Buyers are making offers! However, banks don't appear to be funding all of their loans. There were 166 homes pending in April and only 110 that closed in May. The NWMLS reports there are 177 homes pending in May we'll have to wait and see how many close in June.

Sales Volume Line-Chart

http://www.seattlehomekey.com/

Homes Sold in Central Seattle WA

From November of 2008 through March the median priced home in Central Seattle has been sliding downward with a low of $480,000. It appears April has turned the corner with the median priced home selling for $563,750. May dropped a little to $537,500 but prices should continue to rise through the summer.

Sales Value Line-Chart


Home Buyers are making offers! However, banks don't appear to be funding all of their loans. There were just over 60 homes pending in April and only 45 closed in May. The NWMLS reports there are 70 homes pending in May we'll have to wait and see how many close in June.
Sales Volume Line-Chart


http://www.seattlehomekey.com/

Ballard Art Walk

In June I'll be featuring works by photographer Rick Scott at the Ballard Art Walk.

Scott, a highly respected and regarded Sports Radio consultant, has turned his focus to photography. Rick has the same passion for photography as he does the sports radio business and it shows in his work. With a keen eye for detail Rick’s compositions draw the viewer into the photograph using light and color.

Stop by this Saturday June 13th, 2009 from 6 to 9 PM at the FORUM CENTER, which is located at 1718 NW 56th Street, Seattle, WA 98107.

http://www.seattlehomekey.com/artwalk.htm

Homes Sold in North Seattle WA

April is way way up! From October of 2008 through March the median priced home in north Seattle has been sliding downward with a low of $394,250. It appears April has turned the corner with the median priced home selling for $427,750.
Sales Value Line-Chart

The volume of homes sold is way way up! Approximately 88 homes sold in April and 166 are pending.

Sales Volume Line-Chart

http://www.seattlehomekey.com/

Homes Sold in Central Seattle WA

April is way up! From November of 2008 through March the median priced home in Central Seattle has been sliding downward with a low of $480,000. It appears April has turned the corner with the median priced home selling for $563,750.

Keep in mind, generally May is the peak and January is the valley of any given year. So prices should continue to rise through the summer and then begin to fall in the winter.
Sales Value Line-Chart

Tightened restrictions for Jumbo Loans continue to drag down the median price. Bank of America is entering this segment with a new program. With luck it will drive down the costs of these mortgages. For more information read this article from the Seattle Times.

The volume of homes sold continues to rise. Approximately 38 homes sold in April and 61 are pending.
Sales Volume Line-Chart

http://www.seattlehomekey.com/

Ballard Art Walk

In May I'll be featuring works by artist Glenn Raschick at the Ballard Art Walk. Glenn's goal for his paintings is to create a credible witness to the beauty of God's creation that he experiences day to day.

Stop by this Saturday May 9th, 2009 from 6 to 9 PM at the FORUM CENTER, which is located at 1718 NW 56th Street, Seattle, WA 98107.

For more information go to: http://www.andrewlparker.com/artwalk.htm

Homes Sold In North Seattle WA

Since January of this year the median price of homes sold in North Seattle has hovered around $400,000. In March is dropped just below to $394,250.

Similar to central Seattle tightened restrictions for Jumbo Loans is one cause that is not helping median home prices. The interest rate for a Jumbo is typically a percentage point higher than a conforming loan and the down payment is typically 20% or more. This effects sales of homes priced from approximately $530,000 and above.

The volume of homes priced from $600,000 to $1,000,000 has slowed to a crawl, which is pushing down the median value as a whole.
Sales Value Line-Chart

The good news is that the volume of homes sold is on the rise. 77 homes sold in March and 138 are pending. We are entering the busiest time of the year so the number of transactions should continue to rise.
Sales Volume Line-Chart

I expect March to be the bottom for the year for the median priced home value and January to be the bottom for the number of homes sold in one month.

www.seattlehomekey.com