Amazon.com Continues the Building Boom in Seattle!

Amazon expects to have 10 million square feet of office space in Seattle by 2019, up from 5.5 million currently. It is growing so quickly that it needs developers to build 30 new residential buildings in and around downtown Seattle, with at least 200 units each, just to accommodate its employees in the coming years.


http://www.geekwire.com/2014/amazons-real-estate-chief-dreams-turning-companys-parking-garages-fulfillment-centers/ 

It's interesting, in Seattle the supply of homes for the month of October has changed dramatically since 2007. In 2008 through 2011 there was so much supply it was as though you couldn’t give a home away! Many home buyers were on the fence afraid or unable to buy.
Since 2012 it has been the opposite. Inventory has been low and homes have been selling fast. Now home sellers are on the fence waiting for values to improve or afraid to compete to purchase their next home.

With home interest rates remaining at historic lows this trend of high demand will likely continue. Money is cheap! When interest rates begin rising the demand should slow and the market will likely shift.
Until then, buying a home and taking advantage of the low interest rates is a good idea. Selling a home and transitioning to another is also a good idea. Although the transition of selling and buying a new home may be a challenge, you’ll likely be much happier doing it now because of lower monthly payment.

Also, working with an experienced Realtor can help make this transition go smoothly. There are a number of strategies that can be used to beat the competition and get you the home you want, which is a topic for another post. Until then contact me if you have questions or concerns about buying, selling, investing, or managing real estate.

In north Seattle, of the homes that sold in the last 6 months the median price was $530,000!

Just Sold in Magnolia!!!

Just Sold in Magnolia for $395,000!!!

A well built corner unit townhouse in a convenient Magnolia location. Features include a spacious living area w/ refinished hardwood floors in living rm, dining rm, 1/2 bath, and kitchen. Granite counter tops, custom cabinets and stainless steel appliances. Energy efficient radiant heat. 3 bedrooms w/ private baths. Private fully fenced patio w/ bamboo forest & 1 car garage. Walking distance to Lawton school & close to the Ballard Locks, Discovery Park & bike trials to downtown & The Ship Canal.

Located at 3410 22nd Ave West #B, Seattle, WA  98119

Thinking of buying, selling or investing real estate in Seattle?  Contact Andrew L. Parker at 206-930-8238 or visit www.SeattleHomeKey.com.

Micro-Housing

Micro-Housing is the modern day equivalent to a boarding house from the past.  Personally, I understand the draw of living in a vibrant neighborhood, but way not rent a house with a few friends? Living in a 192 square foot room would be too claustrophobic for me.

"Seattle is the pioneer of micro-housing—tiny, one-room dwellings that are in turn hailed as an affordable, sustainable alternative to the high cost of city living, and disparaged as an inhuman experiment in downsizing." 

Read more: http://www.politico.com/magazine/story/2014/10/seattle-micro-housing-boom-111874.html#ixzz3HTewOBeq

New Custom Modern Home in Green Lake Available for $930,000!!!

Open House Sunday 9/26/14 1 to 4 PM at 808 North 60th Street in Seattle!!!

New custom modern home built ‘Green’ and targeting LEED for Homes Platinum. Walking distance to Green Lake and Woodland Park Zoo! Professionally landscaped with outdoor sprinkler system. Fully insulated detached 1+ car garage/possible work space. Open floor plan with bamboo flooring. Kitchen with island and top of line stainless steel appliances and wine cooler. 3 bedrooms upstairs plus media/family room or 4th bedroom. Top floor master suite opens to deck with peek-a-boo views of Green Lake.  Availability for $930,000!

Contact Andrew L. Parker at 206-930-8238 for more information.

Real Estate Update for North Seattle

This graph tracks the supply and demand for homes in north Seattle.  If your price point is over 50% it is a seller’s market and if below it is a buyers.  The higher or lower the % the stronger or weaker the market is.  Looking at the red line most price points are favoring sellers except for homes price above $1.75 million.

Home values are on the rise compared to last year at this time.  When gathering all the homes that sold over the last six months and comparing them to last year, the average home value increased by $48,000 and the median home value increased by $54,000.  That’s an 11% increase!

2015 is looking to be another year of high demand and low inventory in Seattle.  Keep in mind, the real estate market is fluid, demand for homes changes from week to week and day to day.  So if you’d like to know what the market is doing right now contact me at 206-930-8238 or please visit http://www.SeattleHomeKey.com. Thanks for watching my video.