A GIANT in Seattle real estate who enjoys playing the saxophone, sailing, art, travel, and the outdoors.
Tuesday, December 09, 2008
Homes Sold In Central Seattle WA
The financial crisis and the economy has hit central Seattle harder than areas which have a lower median value. There are fewer buyers who have the cash or who can afford a Jumbo Loan out there. With this in mind, I expect the median priced home to move lower in the coming months. Sales Value Graph
Since September the sales volume has dropped dramatically. There were just under 50 homes sold in September, and in November there were just over 25 homes sold. Sales Volume Graph
An interesting trend to notice is the fact that the pending sales line on the graph typically leads the sold homes line on the graph. As the number of pending homes increases or decreases the sold homes increase or decreased the following month. Whoever, since August it has been reversed. There has been a significant number of homes that are pending that are not closing which is likely due to financing.
At the end of November there were 40 homes pending to close, but I don't believe they will all sell in December. December is typically one of the slowest months of the year for home sales because of the holidays. This year will be no different. I expect 25 to 30 homes to sell in December.
Buyers keep in mind there are many great buying opportunities with this market. Today Sellers are motivated and interest rates are low. We may be looking back at this winter as one of the best Buyer's markets we've seen for quite a while.
Ballard Art Walk
http://www.seattlehomekey.com/artwalk.htm
Thursday, November 20, 2008
Work for Food in Seattle WA
To date I’ve raised over $2,000!!!
Half was donated to the Phinney Neighborhood Association which operates a Soup Kitchen that feeds over 22,000 homeless, low income, elderly and disabled people each year.
The other half was donated to the Ballard Food Bank which distributes food, clothing and personal hygiene items plus provides three hot lunches a week to people in need.
In 2009 I intend to continue this campaign. With the current economic crisis we are facing, these two non-profits, as well as many others, need all the help they can get. Please keep them in mind this holiday season.
More Information
Monday, November 10, 2008
Conforming Loan Limits
Friday, November 07, 2008
Home Sales in North Seattle Washington
Tightened standards for obtaining financing plus the negative news on the economy is the likely cause. I expect values and volumes to continue to slip in November.
There are many great buying opportunities with this market. Today Sellers are motivated and interest rates are low. We may be looking back at this winter as one of the best Buyer's markets we've seen for quite a while.
Take a look at this interesting article titled "Real Estate Markets Most Likely to Rebound" Forbes.com
Sales Value
Sales Volume
Home Sales in Central Seattle WA
For that same period, the sales volume has been flat as well. It's been hovering around 50 homes sold each month, but in October that dropped to 40. A surprise since there were 59 homes pending in September. Tightened standards for obtaining financing plus the negative news on the economy is the likely cause.
What will happen in November? Good question.
The volume of homes sold will likely be in the high 30's since there are 42 pending sales in October. Although, it may be lower depending on the confidence of home buyers. The median home price will likely remain under $600,000.
There are many great buying opportunities with this market. Today Sellers are motivated and interest rates are low. We may be looking back at this winter as one of the best Buyer's markets we've seen for quite a while.
Sales Value Graph
Sales Volume Graph
Tuesday, November 04, 2008
Homes Sold in Central and Northwest Seattle October 2008
Queen Anne
24 single family homes sold on Queen Anne in October which was a nice improvement from the 16 that sold last month . 41.7% were sold within 30 days at 97.2% of the listing price.
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Magnolia
15 single family homes sold in Magnolia in October, which is up from 8 that sold last month. 26.7% were sold within 30 days at 100% of the listing price.
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Ballard (Zip Code 98107)
17 single family homes sold in Ballard in October, which is down from 24 last month. 29.4% were sold withing 30 days at 97.3% of the listing price.
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North Ballard (Zip Code 98117 including Loyal Heights, Olympic Manor, North Beach...)
35 single family homes sold in north Ballard in October, which is consistent with the 34 homes that sold last month. 48.6% were sold within 30 days at 98.9% of the listing price.
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Green Lake, Phinney Ridge, Wallingford (Zip Code 98103)
27 single family homes sold in the greater Green Lake/Wallingford area in October. 55.6% were sold within 30 days at 98.9% of the listing price.
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Ballard Art Walk November 2008
Tuesday, October 28, 2008
PNA's 21st Annual Winter Beer Tast "Finally Legal!"
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Wednesday, October 08, 2008
Home Sales in Central Seattle WA in September 2008
Buyers are having a tough time getting financing with the current credit crunch. I expect the number of homes sold in October to remain around 50 and the median priced home to move downward.
Sales Value
Sales Volume
Home Sales in North Seattle WA for September 2008
With the current economic and credit crisis the world is dealing with, it is no surprise that the real estate market is moving downward. I expect values to continue to slip and volumes to remain relatively flat in October in north Seattle.
Sales Value
Sales Volume
Homes Sold in Central and Northwest Seattle WA September 2008
Queen Anne
16 single family homes sold on Queen Anne in September. 31.3% were sold within 30 days at 96.2% of the listing price.
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Magnolia
Only 8 single family homes sold in Magnolia in September. 50% were sold within 30 days at 99.2% of the listing price.
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Ballard
22 single family homes sold in Ballard in September. 36.4% were sold withing 30 days at 100.3% of the listing price.
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North Ballard (Loyal Heights, Olympic Manor, North Beach...)
34 single family homes sold in north Ballard in September. 44.1% were sold within 30 days at 98.9% of the listing price.
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Green Lake/Phinney Ridge
26 single family homes sold in the greater Green Lake/Phinney Ridge area in September. 42.3% were sold within 30 days at 99% of the listing price.
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Fremont/Wallingford
16 single family homes sold in the greater Fremont/Wallingford area in September. 43.7% were sold withing 30 days at 98.7% of the listing price.
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Tuesday, October 07, 2008
Property Management Services
- finding and qualifying tenants
- leasing vacant units
- collecting monthly rent payments
- responding to midnight emergencies
- finding reliable maintenance help
- dealing with tenant complaints
- evicting those who don't pay rent
I can help by providing residential management services that outdo others. My job is to take the stress of property management off your mind and work to increase your revenue.
Put my 10 years of experience as a property manager to work for you. I'm one of three property managers at RE/MAX Mutual Realty and together we manage over $50 million of residential and commercial property in the Seattle.I have the experience to handle emergencies and solve tenant concerns and complaints. Plus I'll do it in a diplomatic way even under difficult circumstances.
For more information give me a call at 206-930-8238.
"…thinking ahead and prepared!" -Kirk G. (Owner)
"Andrew has been a great Property Manager, and we'll miss living here!" -Lani B. (Tenant)
"Andrew,… I have enjoyed the best of apartment living!" -Douglas B. (Tenant)
"…my years here have been extremely pleasant." -Dominic N. (Tenant)
Thursday, October 02, 2008
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Sheila Siden at the Ballard Art Walk
Thursday, September 11, 2008
Home Sales Value and Volume in Central Seattle WA in August 2008
Sales volume has been flat as well hovering around 50 homes sold each month with 47 selling in August.
The summer months are typically the busiest of the year for central Seattle. Although, this summer has not held that trend due to the current troubled climate in the lending industry. I expect the number of homes sold in September to remain around 50 and the median priced home to remain around $600,000.
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Wednesday, September 10, 2008
Home Sales Value and Volume in N. Seattle WA in August 2008
In the past the home sales volume and the median home sales value in north Seattle has typically peaked in June. In 2008 the peak for sales volume was likely in July and the median home value may not peak until November. The delays are caused by the current troubled climate in the lending industry and its effect on the real estate market.
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Homes Sold in Central and Northwest Seattle Washington
16 single family homes sold on Queen Anne in August. Only 12.5% were sold within 30 days at 96.9% of the listing price.
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Magnolia
15 single family homes sold in Magnolia in August. Only 20% were sold within 30 days at 99.1% of the listing price.
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Ballard
15 single family homes sold in Ballard in August. 40% were sold withing 30 days at 99.8% of the listing price.
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North Ballard (Loyal Heights, Olympic Manor, North Beach...)
51 single family homes sold in north Ballard in August. This area was hot! 45.1% were sold within 30 days at 99.3% of the listing price.
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Green Lake/Phinney Ridge
30 single family homes sold in the greater Green Lake/Phinney Ridge area in August. 66.7% were sold within 30 days at 97.8% of the listing price.
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Fremont/Wallingford
20 single family homes sold in the greater Fremont/Wallingford area in July. 45% were sold withing 30 days at 99.2% of the listing price.
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Tuesday, September 02, 2008
Sharon Blumer at the Ballard Art Walk in September 2008
Monday, August 25, 2008
Union Members Save on Lender Closing Costs
Wednesday, August 20, 2008
Andrew Parker Quartet at the Magnolia Summerfest 2008
Enjoy!
Encompass by Andrew Parker
Killer Joe by Benny Golson
Thursday, August 07, 2008
Home Values in North and Central Seattle
October of last year was also the peak for central Seattle. The median priced home at that time was $671,000. Since then home prices have slowly declined to $585,000 in April. In June it was up to $611.750, but July dipped to $584,296. Sales volume looks to be slowly declining. The rest of the year may be bumpy.
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Wednesday, August 06, 2008
Sold Homes in Central and Northwest Seattle July 2008
Queen Anne
15 single family homes sold on Queen Anne in July. A little less than half were sold within 30 days at 99.6% of the listing price.
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Magnolia
18 single family homes sold in Magnolia in July. Exactly half were sold within 30 days at 95.3% of the listing price.
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Ballard
24 single family homes sold in Ballard in July. Only 37.5% were sold withing 30 days at 99.7% of the listing price.
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North Ballard (Loyal Heights, Olympic Manor, North Beach...)
37 single family homes sold in north Ballard in July. 64.9% were sold within 30 days at 99.1% of the listing price.
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Green Lake/Phinney Ridge
40 single family homes sold in the greater Green Lake/Phinney Ridge area in July. 47.5% were sold within 30 days at 98% of the listing price.
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Fremont/Wallingford
38 single family homes sold in the greater Fremont/Wallingford area in July. 42.1% were sold withing 30 days at 100.3% of the listing price.
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Monday, August 04, 2008
Terry Blumer at the Ballard Art Walk-August 2008
http://www.andrewlparker.com/artwalk.htm
Terry's Artist Statement:
“The architecture of Nature has always intrigued me. From the simple elegance of a leaf to the complexity of a bird’s feathers, nothing created by humans can ever quite replicate the perfect design found in nature. Originally from Texas, I earned my Architectural degree from the university of New Mexico and the controlled elements of architectural drawing strongly influence my work. I work in many different mediums and generally find myself gravitating towards those which encourage assemblages and explore the illusion of multi dimensions. I find collage particularly rewarding as it allows things of beauty to be created out of recycled materials which might have otherwise made their way into landfills.”
Friday, July 11, 2008
Andrew Parker Quartet at the Magnolia Summer Fest
Look East 2.6MB (an original composition)
More Information
http://www.magnoliachamber.org/summer.htm
http://www.magnoliaartshow.org/
Thursday, July 10, 2008
Homes Sold in the Seattle WA Neighborhood of Queen Anne
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Homes Sold in the Seattle Wa Neighborhood of Magnolia
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Homes Sold in the Seattle WA Neighborhoods of Fremont and Wallingford
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Homes Sold in the Seattle WA Neighborhoods of Green Lake and Phinney Ridge
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Homes Sold in the Seattle WA Neighborhood of Ballard
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Homes Sold in the Seattle WA Neighborhood of N. Ballard
Monday, July 07, 2008
Home Values in North and Central Seattle
Jesse Link at the Ballard Art Walk July 2008
Jesse Link's Artist Statement:
Born in Pittsburgh and a graduate of the Art Institute and West Liberty State College Jesse Link has degrees in Industrial Design and Communications. After college Jesse did little painting until on deployment in Balad, Iraq where he was recognized for his talent after his first painting was sent to be displayed at the Yuma arts center in Yuma Arizona. After 2 years and over 100 paintings in 08 he relocated from New Orleans to Seattle to begin his career as a fine artist.
For more information go to: http://www.andrewlparker.com/artwalk.htm
Tuesday, July 01, 2008
Work For Food
If you'd like to learn more about my effort to raise $15,000 to support local food banks and soup kitchens go to: http://www.andrewlparker.com/Workforfood.htm
Tuesday, June 24, 2008
Auxiliary Dwelling Unit (ADU) in Seattle WA
The expense of remodeling to create an ADU can become costly. For example, adding a second kitchen can cost tens of thousands of dollars. With this in mind, it makes good sense to plan out improvements and additions wisely.
According to the Northwest Multiple Listing Service (NWMLS), the average 2-kitchen home that sold between 2000 and 2004 in North Seattle had a value of approximately $30,000 more than a home without.
For some, the investment of building a second kitchen to create a space for an ADU Unit maybe a worth while investment. However, it goes without saying that not all homes or individuals will function well with an ADU. Before making the investment it is important to have a good design. The space should be designed so it functions well as a rental unit and also as part of the home as a whole. Future buyers may not want an ADU Unit. Therefore, a good design will create a space that is desirable for any use.
Also, being a landlord is not always an easy job. Between finding and screening potential tenants, collecting rent, dealing with concerns, complaints, and maintenance problems being a landlord can be a lot of work.
Thursday, June 12, 2008
Homes Sold in the Seattle WA Neighborhood of Queen Anne
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Homes Sold in the Seattle WA Neighborhood of Magnolia
Homes Sold in the Seattle WA Neighborhood of Ballard
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Homes Sold in the Seattle WA Neighborhood of Fremont and Wallingford
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Homes Sold In the Seattle WA Neighborhoods of Green Lake and Phinney Ridge
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Homes Sold in the Seattle WA Neighborhood of N. Ballard
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Home Values in Central and North Seattle
Central Seattle is not fairing as well. October of last year was also the peak. The median priced home at that time was $671,000. Since then home prices have slowly declined to $585,000 in April. May shows a slight increase to $588,000. In June I expect home values and volumes in central Seattle to continue to see a slight improvement.
Below are graphs that track home values and sales volumes of single family homes in Central and North Seattle from January 2006 to present.
Monday, June 09, 2008
Jeremy Lange at the Ballard Art Walk June 2008
One of the most compelling elements of photography is its ability to capture in detail a single moment. In literally a fraction of a second a photograph captures the feeling of that moment in its imperfect perfection. These are the moments artist Jeremy Lange strives to capture and the feeling they convey. The proceeds from the sales of Lange’s work will be donated to Big City Mountaineers, a non profit that specializes in offering underprivileged kids an opportunity to experience the outdoors.
Saturday, June 07, 2008
Satisfied Real Estate Clients
Dear Andrew, Thank you for finding us exactly what we were looking for. L & T. Sharp
More quotes from satisfied clients. http://www.andrewlparker.com/testimonials.htm
Saturday, May 17, 2008
Home Values in North Seattle
In northwest Seattle, home values began to drop from their peak in August 2007 with the median priced home selling for $494,500. By March the median was down to $434,950. In April it is starting to move back up and was at $454,000. Currently, the volume of homes sold and pending is on the rise. I expect home values in northwest Seattle to continue to improve in the coming months.
In northeast Seattle, homes values began to drop from their peak in May of 2007 with the median priced home selling for $550,000. By January the median was down to $432,000. In April it is also starting to move up and was at $445,000. Currently, the volume of homes sold and pending is on the rise. I expect home values in northeast Seattle to continue to improve in the coming months.
Friday, May 09, 2008
Home Values in North and Central Seattle
Central Seattle is not fairing as well. October of last year was also the peak. The median priced home at that time was $671,000. Since then home prices have slowly declined to $585,000 in April. With the coming of summer I expect home values in central Seattle to flatten out and potentially improve in the coming months.
Mortgage interest rates may be playing a large role in the difference in statistics between north and central Seattle's market. Low interest rates for conforming loans may be helping north Seattle. While jumbo rates which are about 2 points higher continue to be a drag on central Seattle.
Wednesday, May 07, 2008
Homes Sold in the Seattle WA Neighborhood of N. Ballard April 2008
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This link is active for 30 days from date of posting. If it has expired and you'd like to view these listing contact Andrew at 206-930-8238 or info@AndrewLParker.com .
Homes Sold in Seattle WA Neighborhoods of Green Lake and Wallingford April 2008
Homes Sold in Seattle WA Neighborhood of Ballard April 2008
Homes Sold in Seattle WA neighborhood of Magnolia April 2008
Homes Sold in Seattle WA neighborhood of Queen Anne April 2008
View Listings This link is active for 30 days from date of posting. If it has expired and you'd like to view these listing contact Andrew at 206-930-8238 or info@AndrewLParker.com .