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

Homes Sold In Central Seattle WA

The median priced home in Central Seattle has dropped substantially so far in 2009. In January it was $518,250 and in March it dropped to $480,000.

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. 29 homes sold in March and 52 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 April to be the bottom for the number of homes sold in one month.

http://www.seattlehomekey.com/

Ballard Art Walk

In April I'll be presenting new works by artist Jan Tervonen at the Ballard Art Walk. Jan has developed a minimalistic abstract style with a wry sense of humor representative of her Finnish-American roots.

Stop by this Saturday March 11th, 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 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!

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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.

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