Homes Sold in North Seattle WA

Sales Value Line-Chart
The median home price in north Seattle Washington was $414,500 in July. From May of 2008 through March it slid downward from a high of $512,475 to a low of $394,250. Since then prices have stabilized and they should continue to improve through the summer.

Sales Volume Line-Chart
The number of pending and sold homes in north Seattle may have peaked for the year in June. Close to 147 homes sold in July down from 158 in June. 141 homes are pending which is down from 180.

www.seattlehomekey.com

Homes Sold in Central Seattle WA

Sales Value Line-Chart
The median home price in central Seattle Washington inched up to $548,000 in July. From December 2008 through March 2009 median values slid from a high of $647,500 to a low of $480,000. It appears April was the turning point and values should continue to rise through the summer.

Sales Volume Line-Chart
54 homes sold in July in central Seattle. It appears June will likely be the peak for the year with 56 homes sold, in which more homes sold than any month since August of 2007.

The gap between homes that have closed and homes that are pending continues to be larger than normal. It's likely due to stricter rules for getting a loan and may also be due to the number of short sales on the market. According to the NWMLS 12% of the homes sold in King County are short sales which tend to take longer to close.

www.seattlehomekey.com

Ballard Art Walk

In August I'll be featuring works of photographer Jena Locomis Garcia at the Ballard Art Walk.

"I love the idea of where we have been, what was here and not here before us, and what has stood the test of time. I adore the stories objects tell. As a photographer, many of my stories don’t involve a word. Images tell just enough of the story, leaving the rest up to our imaginations."

Stop by this Saturday August 8th, 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

Andrew Parker Jazz Quartet at the Magnolia Summer Festival

I'll be playing jazz with my quartet at the Magnolia Summer Festival this Saturday August 1st at 3:00 PM.

The main stage is located at the Magnolia Play Field. View Map

Video of last years performance.

Homes Sold in North Seattle WA

Sales Value Line-Chart

The median home price in north Seattle Washington was $410,125 in June. From May of 2008 through March it slid downward from a high of $512,475 to a low of $394,250. Since then prices have stabilized and they should continue to improve through the summer.

Sales Volume Line-Chart

The number of pending and sold homes in north Seattle continue to skyrocket! Close to 159 homes sold in June which is more than any month since August of 2007. Approximately 181 homes are pending but I expect only 90% of those to close.

www.seattlehomekey.com

Homes Sold In Central Seattle WA

Sales Value Line-Chart

The median home price in central Seattle Washington was $535,000 in June. From December 2008 through March 2009 median values slid from a high of $647,500 to a low of $480,000. It appears April was the turning point and values should continue to rise through the summer.

Sales Volume Line-Chart

The number of pending and sold homes in central Seattle continue to skyrocket! 56 homes sold in June more than any month since August of 2007. Approximately 75 homes are pending but I expect only 75% of those to close.

www.seattlehomekey.com

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

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