Homes Sold in Central Seattle WA

The median priced home value in central Seattle Washington has been somewhat flat since March of 2008. Hovering above or below $600,000. However in January it dropped substantial. It moved from $647,50 in December to $518,250 and February continued that trend with a median home price of $501.750.

So far 2009 is not looking good for home sale values in central Seattle. One reason may be due to the tightened restrictions for Jumbo Loans. There are fewer and fewer buyers who are willing to put 20% or more down given the current economy.

This effects sales of homes priced towards $1 million or more. That market has slowed to a crawl, which is pushing down the median value as a whole. Until the upper end of the market rebounds I expect home values to continue to be in the lower to mid $500,000's. Sales Value Line-Chart

Since September of 2008 the sales volume has dropped dramatically. There were just under 50 homes sold in September, and in February there were just under 18. However pending homes sale volumes are up. I expect that number to improve through June. Sales Volume Line-Chart

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

I won't be at the Ballard Art Walk in March however a associates of mine, Shirley Kinzer, will be taking my place. She will be hosting artist Patty Makatura who will be displaying her "vibrant yet ethereal acrylics".

Where: FORUM CENTER, 1718 NW 56th Street, Seattle, WA 98107.
When: Saturday, March 14th from 6 to 9 PM

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

Homes Sold in North Seattle WA

Similarly to central Seattle, the median priced home value in north Seattle Washington dropped substantually in January. North Seattle moved from $472,094 in December to $392,750 in January. Again these are two numbers that are shocking to see next to each other.

The number of homes selling for over $1 million has slowed to a crawl, which is pushing down the average and median value. Until the upper end of the market rebounds I expect the median priced home value to hover just below $400,000. Sales Value Line-Chart

Since July of 2008 the sales volume has dropped dramatically. There were just under 140 homes sold in July, and in January there were just over 55 homes sold. In the coming months I expect that number to improve because January is typically the slowest month of the year. Sales Volume Line-Chart

An interesting trend to notice is the fact that the pending sales line on the line-chart typically leads the sold homes line. As the number of pending homes increases or decreases the sold homes increase or decreased the following month. However, 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.


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.

Homes Sold in Central Seattle WA

The median priced home value in central Seattle Washington has been flat since March. Hovering just above or just below $600,000. However in January it dropped substantually. It moved from $647,50 in December to to $518,250 in January. Two numbers that are shocking to see next to each other.

In central Seattle the number of homes selling for over $1 million has slowed to a crawl, which is pushing down the median value. Until the upper end of the market rebounds I expect the median priced home value to hover around the mid $500,000's. Sales Value Line-Chart

Since September the sales volume has dropped dramatically. There were just under 50 homes sold in September, and in January there were just over 24 homes sold. In the coming months I expect that number to improve. Sales Volume Line-Chart

An interesting trend to notice is the fact that the pending sales line on the line-chart typically leads the sold homes line. As the number of pending homes increases or decreases the sold homes increase or decreased the following month. However, 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.

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.

John Raymond Berry at the Ballard Art Walk

I haven't held an open house for the Ballard Art Walk for the last few months because the Forum Center has been undergoing renovation with new carpet and paint.

The work is complet so I'll be presenting new works by artist John Raymond Berry this Saturday February 14th, 2009 from 6 to 9 PM. The FORUM CENTER is located at 1718 NW 56th Street, Seattle, WA 98107.

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

Charming Rebuilt Craftsman on Queen Anne

Enjoy living in this charming craftsman home in the Seattle neighborhood of Queen Anne located blocks to shops, dining & Coe School. Just rebuilt from the studs w/ new kitchen, baths, hardwood floors, stainless steel appliances, windows, gas finance...it's all new!

More Information

Homes Sold In Central Seattle WA

The median priced home value in central Seattle Washington has been flat since March. Hovering just above or just below $600,000. It moved from $596,250 in October slightly up to $598,500 in November.

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

The FORUM CENTER is under construction this month so I won't be participating in the Ballard Art Walk. I'll be there next year. I hope to see you then.

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

Work for Food in Seattle WA

A little less than a year ago I began my “Work for Food” campaign to support the Hungry in Seattle. My intentions were to donate a portion of my personal real estate commission to support local food banks and soup kitchens.

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

Conforming Loan Limits

I've just received word that the new temporary conforming loan limits for King, Snohomish and Pierce Counties have been announced. The new limit will be set at $506,000 for loans purchased between January 1, 2009 and December 31, 2009. This replaces the 2008 temporary loan limit of $567,500.

Home Sales in North Seattle Washington

After a busy summer home values in north Seattle Washington continue to move down. The median priced home sold for $424,500. Down from its peak in May of $512,475. Sales volume continues to decrease as well with only 98 total homes sold.

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

The median priced home value in central Seattle Washington have been pretty flat since March. Hovering just above or just below $600,000. It moved from $571,475 in September up to $596,250 in October.

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

Homes Sold in Central and Northwest Seattle October 2008

October 2008 continues to be tough for the real estate market in Seattle Washington. The non-stop negative news with the economy is having a heavy effect on the attitudes of Buyers.


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.
View Listings
View Statistics


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.
View Listings
View Statistics


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.
View Listings
View Statistics


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.
View Listings
View Statistics


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.
View Listings
View Statistics

Ballard Art Walk November 2008

I won't be at the Ballard Art Walk in November. Instead I'll be volunteering at the Phinney Neighborhood Association's 21st Annual Winter Beer Taste. If you'd like to join me or get more information go to: http://www.phinneycenter.org/events/beer.shtml

Two associates of mine, Susanne Stauffer and Erin Goodwin, will be taking my place at the Art Walk. They'll be hosting photographer Irene Stauffer. http://www.seattlehomekey.com/artwalk.htm

PNA's 21st Annual Winter Beer Tast "Finally Legal!"

Join me for the Phinney Neighborhood Association's 21st Annual Winter Beer Taste named "Finally Legal!" on Saturday November 8th. You'll find good food, great music and an excellent variety of beer to choose from.

Get More Information
View the Featured Breweries
Buy Tickets!!!

Home Sales in Central Seattle WA in September 2008

Home values in central Seattle Washington have been pretty flat since March. The median priced home has been hovering just above or just below $600,000. In September it jumped down to $571,475. Sales volume has been flat as well hovering around 50 homes sold each month with 48 selling in September.

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

In September home values in north Seattle Washington continue to move down. The median priced home sold for $435,125. Sales volume continues to decrease as well with only 112 total homes sold.

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

September 2008 turned out to be a tough month. With the issues that buyers are having obtaining loans due to the credit crunch it is no surprise.

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.
View Listings
View Statistics

Magnolia
Only 8 single family homes sold in Magnolia in September. 50% were sold within 30 days at 99.2% of the listing price.
View Listings
View Statistics

Ballard
22 single family homes sold in Ballard in September. 36.4% were sold withing 30 days at 100.3% of the listing price.
View Listings
View Statistics

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.
View Listings
View Statistics

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.
View Listings
View Statistics

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.
View Listings
View Statistics

Property Management Services

Managing residential property requires a lot of time and effort and it can be overwhelming.

• 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)

$2,000 Cash Rebate at Closing!

It pays to use Andrew!

For the rest of the year I'm offering a $2,000 cash rebate at closing for new buyers.

Search for Listings
FREEVirtual Market Analysis
Create a Portfolio -get hot new listings via email