SOLD! – Gorgeous Redmond Estate on 1.13 Acre Lot in Desirable English Hill Neighborhood

Listed at $2,150,000
Click Here For Full Details, Dozens of Photos, 3D and 4K Video Tour at the Property Website

This is a bright and spacious home on a well-manicured 1.13 acre level lot on a private street. The 3 bedroom, 2.75 bathroom home also has sunny southern exposure and an amazing view of the cascade mountain range.

Step inside to light-filled entry with beautiful hardwood floors throughout the first floor. The bright formal living room with large windows and gas fireplace provides ample space for entertainment or relaxation. The remodeled kitchen overlooking the backyard features luxury quartz counters, beautiful cabinetry, stainless steel appliances including two ovens, duel fuel gas range, and a breakfast bar peninsula. The family room off the kitchen has ample natural light, gas fireplace, and large slider door leading to a back yard oasis. The main floor also features a gorgeous dining room with a mountain view, a large office with closet, an updated guest bathroom with shower, and a mud-room with stairs leading up to a expansive bonus room with closet.

On the second floor, there is a gorgeous primary owner suite with a spacious primary bath and sizeable walk-in closet with built in cabinets and additional storage. The primary bath features natural earth-tone travertine tile flooring, a double vanity with quartz countertop, large soaking tub, and travertine tile walk-in shower wrapped with seamless glass surround. Two additional large bedrooms upstairs with updated bathroom with tile flooring and bathtub with shower. The laundry room is conveniently located on the second floor near the bedrooms.

The fully fenced, naturally private, park-like back yard has beautiful lush plantings. Entertain on the large deck and patio area which has natural gas access and electric awning. Play on the lighted pickleball court with premium basketball hoop, or relax at the outdoor fire pit.

The 960 sq ft three car attached garage is EV charger ready, with substantial storage space. The large adjacent gravel driveway next to home is ready for RV and Boat parking.

Lake Washington School District: Clara Barton, Redmond Middle, Redmond High.

Additional special features: New Presidential roof, new carpet, new driveway, RV/boat parking, updated kitchen and baths, central AC, whole-home generator ready, Nest smart thermostat, seamless gutters with leaf guards, 6 zone automatic sprinkler system and garden shed.

Wednesday Update : Eastside Residential Market Update – September recap and stats for the week of 10/12/22

THE NUMBERS:

Active Listings reached their highest level this year on 7/27/22 at 1189. Active Listings increased slightly from last week. 1014 vs 1004 a 1% increase. Compared to a year ago this week, listings are up 376%.

Active List Prices peaked this year in the week of 3/9/22 with the median at $2,499,500. As of this week they are at a median price of $1,675,000.

Pending Sales are down from last week. 90 vs 95 a 5% decrease. Compared to a year ago this week, pending sales are down 36%.

Pending Sales Prices peaked this year in the week of 3/30/22 with the median at $1,659,500. As of this week, they are now at a median of $1,299,500, which is down from last week where they were at $1,425,000.

Months of Inventory reached their lowest level (favoring a seller) this year in the week of 3/9/22 at 0.16 months of inventory.

Current Months of Inventory rose this week. It was 2.44 months of inventory last week and is now 2.60 months of inventory, the highest level this year.

(Months of Inventory Guide: 2 months or less = Seller Favored, 2-4 months = Balanced Market, 4+ months = Buyer Favored)

As always… If we can help with any questions as you contemplate your real estate moves, let us know! Tony Meier & Team – Windermere

Sold 35% Above List Price With 9 Offers! Inviting 4 Bedroom, 3.25 Bath Home with Dual Master Suites on a Serene 12,161 sf. Yard in Redmond

Listed at $1,100,000
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Wonderful two story home with dual master suites in Olde Morrison Place on English Hill. Ideally located near Downtown Redmond and Woodinville. The light filled 3,110 s.f. floorplan features 4 bedrooms, 3.25 baths on a lush 12,161 s.f. lot!

Open entry with high ceiling, skylights, easy care laminate flooring and coat closet. Formal living features vaulted ceiling and gorgeous bay window showcasing the front yard. Dining room with decorative ceiling and large window overlooking the deck and back yard. Kitchen with Corian counters, ample cabinets, gas range, large bay window, walk in pantry and breakfast bar. Spacious nook with wet bar area and slider access to back deck. Large family room with wall of windows, built-in cabinet and gas fireplace with brick surround and mantel.

Main level master suite features double door entry, large sitting area with French doors to deck, “his and her’s” walk-in closets, dual sink vanity, jacuzzi tub, oversize shower and skylight. Half bathroom off foyer is great for guests. Laundry room with shelving and soaking sink – washer and dryer included!

Upper level master suite features double door entry, bay windows, sitting area and walk-in closet. Updated 3/4 master bath with dual sinks and large shower. Two additional spacious bedrooms with walk-in closets. Adjacent full bathroom with skylight, dual sinks and tub with tile surround.

Large, fully fenced yard with deck, storage shed and A/C unit. Lushly planted yard with pathways around the yard leading to stone patios. Ample garden space and a lawn for play. Attached two car garage with additional room for storage.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold 27% Over List Price! Charming 4 bedroom, 2.5 bath on Serene Yard English Hill In Redmond

Listed at $895,000
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Beautiful two story in Hollymere on English Hill. The light filled 1,650 s.f. floorplan features 4 bedrooms, 2.5 baths on a tranquil 15,000 s.f. lot. Updates include new interior paint and new carpet.

The open entry welcomes you in with beautiful oak hardwood floors. Living room features wood burning fireplace, sunny windows overlooking the front yard and opens to dining room. Dining room with large window, decorative ceiling and contemporary light fixture. Open, light filled kitchen with granite counters and backsplash, undermount sink, ample cabinetry, breakfast bar with seating and stainless steel appliances. Cozy family room with brick fireplace (plumbed for gas) fireplace and French door to the rear patio. Updated powder room on main level great for your guests. Laundry off kitchen with newer washer and dryer included.

Inviting, oversized master suite to relax at the end of the day with large walk in closet. Full master bath features new vanity, tub with dual shower heads. Three additional spacious bedrooms. Bright and roomy hall bath.

Huge, fully fenced rear yard with many opportunities to enjoy the outdoor space! Large patio – perfect for entertaining. Gardeners will delight in the ample bed space. Storage sheds for your garden tools. Large flat lot could be subdivided. Home is located near the neighborhood trail system which leads to Sunrise Elementary.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Sold 33% Above List Price with 15 Offers! Beautifully Remodeled 3 Bedroom, 2.25 Bath Home on English Hill in Redmond

Listed at $975,000
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Impeccably remodeled two story at the back of a cul-de-sac in Olde Morrison Place on English Hill. The light filled 2,300 s.f. floorplan features 3 bedrooms, 2.25 baths on a tranquil 7,850 s.f. lot. Updates include new interior/exterior paint, fully remodeled kitchen and baths.

The open entry welcomes you in with luxury vinyl plank floors and spacious coat closet. Formal living room features lovely bay windows overlooking the front yard with French doors leading out to large deck and yard. Spacious formal dining room with walls of windows, decorative ceiling and contemporary light fixture. Open, light filled kitchen with quartz counters, Carrera marble backsplash, farmhouse sink, white cabinetry, breakfast bar with seating, five burner gas range and new stainless steel appliances. Huge pantry off kitchen. Spacious nook with skylights and large windows looking into the backyard. Cozy family room with wood burning brick fireplace and sliding door to the rear patio. Beautifully finished powder room for your guests. Laundry room with soaking sink and new Electrolux washer and dryer.

Inviting, oversized master suite to relax at the end of the day. Bright master bath features double basin vanity with makeup table, quartz counters, heated floors, oversized shower with Carrera marble tile shower and walk in closet. Two additional spacious bedrooms. Full hall bath with quartz counter, tile shower surround with accent tiles, new fixtures and tile flooring.

Well maintained fully fenced rear yard with wi-fi integrated irrigation system and air conditioning unit. Two large decks – perfect for entertaining. Gardeners will delight in the ample bed space.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Sold 29% Above List Price with 15 Offers! Stunning 4 Bedroom, 2.5 Bath Home + Den on English Hill in Redmond

Listed at $975,000
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Beautifully updated two story in Coventry on English Hill. The light filled 2,400 s.f. floorplan features 4 bedrooms, 2.5 baths plus den on a serene 8,368 s.f. lot. Recent updates include: new carpet, interior paint, updated kitchen and brand new bathrooms.

The open entry welcomes you in with hardwood floors and spacious coat closet. Sunken formal living room with lovely bay windows overlooking the lush front yard. Formal dining room is spacious with elegant light fixture. Remodeled kitchen with granite counters, under mount sink, ample custom maple cabinetry, breakfast bar with seating, five burner gas range and stainless steel appliances included. Spacious nook with bay windows overlooking the backyard. Built-in desk with plenty of cabinet storage. Relaxing family room features gas fireplace with tile surround and mantel, built-ins and sliding door to the rear patio. Den with built-in cabinets – perfect for working at home. Remodeled powder room for your guests. Laundry room with cabinets and soaking sink – washer and dryer included!

Gracious master suite features bay windows and walk-in closet. Remodeled spa-like master bath includes double vanity with quartz counters, heated floors, oversized shower with rain shower head and large soaking tub. Three additional spacious bedrooms. Remodeled full hall bath with skylight, brand new vanity with quartz counter, new tile shower surround, all new fixtures and luxury vinyl plank floors.

Well maintained fully fenced rear yard is ideal for entertaining and relaxing. Gardeners will delight in the ample bed space. The home is part of the English Hill HOA which has acres of open space, walking trails & a basketball court for your enjoyment.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

SOLD over 31% of List Price with 9 Offers! Fantastic 4 Bedroom + Den on Quiet Cul-de-sac on English Hill in Redmond

Listed for $950,000
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Great tri-level home in Coventry on English Hill. Ideally located near Downtown Redmond and Woodinville. The light filled 2,300 s.f. floorplan features 4 bedrooms, 2.75 baths on a lush 8,386 s.f. lot! Updates include: Fresh paint, new carpet and updated bathrooms.

Open entry with hardwood flooring, soaring ceiling and coat closet. Formal living features vaulted ceiling, gorgeous wall of windows showcasing the front yard and elegant wood burning fireplace. Dining room with vaulted ceiling and chair rail molding. Kitchen with tile counters, pantry closet, garden window and hardwood floors – all appliances included. Nook with slider to back yard adjoins the kitchen and family room. Relaxing family room with wood burning fireplace, lovely built-ins and large windows.

Lower level bedroom and adjacent updated three-quarter bathroom is great for guests. Laundry room with shelving, cabinetry and counter space – washer and dryer included!

Spacious master suite features vaulted ceiling and attached den/nursery space with separate closet and skylights. Remodeled master bath includes double vanity, quartz counter, shower, soaking tub, skylight, dual walk-in closets and tile floor. Two additional spacious bedrooms. Adjacent full bathroom is updated featuring, skylight, granite counter and custom tile.

Lush, fully fenced yard with deck, patio and ample garden space. Attached two car garage with additional room for storage.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold in 1 Day! Truly Stunning Remodel! 4 Bedrooms, 2.5 Bathrooms on a Cul-de-sac lot on English Hill in Redmond

Sold for $1,000,000
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Beautifully updated two story in Coventry on English Hill. The light filled 2,163 s.f. floorplan features 4 bedrooms, 2.5 baths on a serene 8,080 s.f. lot. Updates include: new carpet, hardwood floors, tile floors, white millwork, six panel doors, remodeled kitchen and bathrooms.

The spacious entry welcomes you in with gleaming hardwoods and large coat closet. Formal living room with lovely wall of windows overlooking the lush front yard. Formal dining room with large window, crown molding and elegant light fixture – perfect for entertaining. Expansive kitchen with granite counters, ample custom cabinetry, instant hot water, undermounted sink, breakfast bar with seating and gas cooktop – all stainless-steel appliances included. Nook off the kitchen is the perfect casual dining space. Relaxing family room with vaulted ceiling, gas fireplace with elegant mantel, ceiling fan and slider to the rear patio. Remodeled powder room for your guests. Laundry room with generous cabinets and tile floor – washer and dryer included!

Gracious master suite features a ceiling fan and walk-in closet. The remodeled attached 5-piece bath includes double vanity with quartz counters and undermounted sinks, large glass shower, soaking tub, heated floors, large storage cabinet, skylight and extensive tile work. Three spacious additional bedrooms; the first features a built-in desk, making it a perfect home office, the second two both feature ceiling fans. Remodeled full hall bath features a double vanity with quartz counter and undermounted sinks, all new fixtures, extensive tile work and tile floor.

Large stone patio with fire pit overlooks the private, fully fenced rear yard. Lush yard is a colorful gardeners’ paradise with mature plantings and raised garden beds.

Sold! Brand New Kitchen! 3 Bedroom 2.25 Bathroom Home with Fenced Back Yard on English Hill in Redmond

Sold for $800,000
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Updated tri-level home in Sunrise on English Hill. The light filled floorplan features 1,850 s.f. 3 bedrooms, 2.25 baths on a quiet 6,758 s.f. cul-de-sac lot. Updates Include: Remodeled kitchen, updated bathrooms, fresh paints, refinished hardwood floors and newer carpet.

Tile entry and maple hardwoods throughout the main floor. Formal living room with vaulted ceiling, wood burning fireplace and a bay window overlooking the front yard. Formal dining room with vaulted ceiling and a slider to the deck – perfect for BBQing or entertaining! Remodeled kitchen with ample white cabinets, quartz counters, under mounted sink, breakfast nook and stainless steel appliances included. The cozy family room features a brick wrapped fireplace and a large slider to the rear yard and patio. Powder room off of the family room – great for guests. Laundry room with garden window, soaking sink, built-in desk (perfect for crafting!) and shelving – washer and dryer included.

Spacious master suite features a wall of closets and an updated 3/4 bathroom with white vanity and quartz counters. Two additional bedrooms upstairs are very spacious both with walk-in closets. Updated full bath in the hall with white vanity and quartz counter.

The fenced rear yard is ideal for entertaining and relaxing. The deck steps down to two separate patio areas. Gardeners will delight in the ample bed space and dedicated raised planting beds. Attached two car garage with storage opportunities.

The home is part of the English Hill HOA which has acres of open space, walking trails & a basketball court for your enjoyment.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Sold 8% Above List Price in 2 Days! Updated Two Story 4 Bedroom 2.25 Bathroom Home with Private, Fully Fenced Yard on English Hill in Redmond

Sold for $930,000
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Beautifully updated two story in Coventry on English Hill located close to Sunrise Elementary. The light filled 2,140 s.f. floorplan features 4 bedrooms, 2.25 baths on a serene 8,060 s.f. lot. Updates include: new carpet, tile floors, white millwork, crown molding throughout, white panel doors, updated windows, freshly painted grey exterior, updated kitchen and bathrooms.

The spacious entry welcomes you in with elegant staircase, terracotta tile floor and ample coat closet. Formal living room (currently used as the dining room) features lovely wall of windows with plantation shutters overlooking the lush front yard and gas fireplace with built-ins. Formal dining room (currently used as a sitting room) features French doors to living room and to kitchen – perfect for entertaining. Expansive kitchen with tile counters, ample custom cabinetry, prep sink, breakfast bar with seating, double oven, five burner gas cooktop and bay window overlooking the back yard. Desk/buffet built-in adjoins the kitchen and family room. Relaxing family room with terracotta tile floors, gas fireplace with elegant mantel, built-ins and French door to the rear deck. Remodeled powder room for your guests. Laundry room with built-in microwave, generous cabinets, counter space, soaking sink and tile floor – washer and dryer included!

Gracious master suite features a ceiling fan, vaulted ceiling, bay window with plantation shutters and custom walk-in closet. The remodeled attached bath includes double vanity with tile counters, shower, skylight, wainscoting and tile floor. Three additional bedrooms all features crown molding, custom closets and ample windows with plantation shutters. Remodeled full hall bath features tile counter, all new fixtures, wainscoting, designer wallpaper and tile floor.

Big, entertainment sized deck overlooks the private, fully fenced rear yard. Well manicured south facing rear yard with mature plantings, garden beds, stone patio area and storage shed. Two car attached garage with additional room for storage and included refrigerator.

Sold 4% Above List Price with 6 Offers! Stunning Rambler on a Quiet Cul-de-sac backing to a Greenbelt on English Hill in Redmond

Sold for $831,000
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Stunning, fully remodeled rambler in the desirable neighborhood of Coventry on English Hill. The flowing floorplan boasts 1,640 s.f. and features 3 bedrooms, 1.75 baths on a 10,219 s.f. lot.

The sunny entry welcomes you with skylight, gleaming hardwood floors and spacious coat closet. Living room features beautiful wall of windows showcasing the lush backyard, two skylights and high quality carpet. Formal dining room with hardwood floors, elegant lighting and slider to back deck. Remodeled kitchen with soft close maple cabinets, granite counters and backsplash, pendant lighting, breakfast bar with storage, pantry cabinet and all appliances included. Relaxing family room features bay window and cozy wood burning fireplace with brick surround.

Oversized master bedroom with wall of closets and attached three-quarter bathroom. The remodeled master bath includes two vanities, quartz counter, tile floor, skylight, walk-in closet and large dual shower with rain head. First additional bedroom features a large window, carpet and cream millwork. Second additional bedroom with double French door entry, hardwood floors and cream millwork. Full hall bath has been updated with tile floor, quartz counter and updated fixtures. Laundry room with adjacent linen closet and cabinets above included washer and dryer – only 1 year old!

Serene, well manicured yard with large Wolf deck, sprinkler system, ample lawn for play and lush plantings backs to greenbelt. Attached 2 car garage with additional attic storage. The English Hill HOA has several acres of open space, walking trails & basketball court for your enjoyment.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold in 2 Days! Peaceful Two Story Home on Shy Acre Lot. Updated 3 Bedroom, 3.25 Bath plus Den and Bonus Room on English Hill in Redmond

Sold for $902,300
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Spacious two story home in Mount Clare Woods on English Hill. The light filled 2,730 s.f. floorplan features 3 bedrooms, 3.25 baths plus den and bonus room on a and a park-like 40,870 s.f. lot! Special features include: New exterior paint, recently painted interior, vinyl double pane windows, updates to the kitchen & baths, new carpet, and refinished hardwood floors.

Open entry with rich hardwood flooring. Formal living features lovely wood burning fireplace and bay window showcasing the front yard. Dining room with large window and chair rail. Kitchen with quartz counters and backsplash, large garden window, ample cabinetry, pantry closet, breakfast bar and built-in desk area – all stainless steel appliances included. Nook with slider to back patio adjoins the kitchen and family room. Large family room features wood burning fireplace with brick surround and picture window showcasing the serene backyard. Den with grand double door entry and gleaming hardwood floors. Powder room with large vanity and tasteful finishes. Laundry room with new storage cabinets and soaking sink – ample room for your washer and dryer.

Generous master suite features window with bench seat, walk-in closet and loft area – perfect reading nook! Master bath includes double vanity, quartz counters, skylights, new tile floor, soaking tub and large shower. Two additional spacious bedrooms with adjacent full bathroom. Updated full bathroom features oversized vanity with granite counter, skylight and custom tile work. Large bonus room with attached 3/4 bathroom and walk-in closet could be great entertainment space or M.I.L. suite.

Lush, private, fully fenced, tree-lined yard includes large covered stone patio, gravel firepit space and lean-to storage shed. Attached two car garage with additional room for storage above.

Sold Above list Price in 5 Days! Gorgeous Buchan resale in Sheffield on English Hill in Redmond. 3080sf with 4 bedrooms, 2.25 bath on a shy acre lot.

Sold for $1,148,000
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Captivating Buchan resale in Sheffield on English Hill in Redmond. The gracious 3,080 s.f floorplan features 4 bedrooms, 2.25 baths plus an oversized main floor bonus room on a lush, private 35,225 s.f. lot. The home is ideally located on a quiet street, just a block away from the award winning Sunrise Elementary. Features include: Gourmet kitchen, luxurious master bath, beautiful hardwood floors, crown molding, wainscoting and designer interior paint.

Welcoming entry with hardwood floor and large closet. Formal living room with white millwork, vaulted ceiling and bay window showcasing the front yard. Formal dining room includes wainscoting and crown molding – a great space to share a meal with friends. Remodeled kitchen with custom cherry cabinets, granite counter, under cabinet lighting, and breakfast bar – all stainless steel appliances included! Nook adjoins kitchen and family room with a slider to patio – perfect for BBQing or entertaining. Relaxing family room with beautiful gas fireplace, built-ins and exposed beam ceiling. Expansive main floor bonus room with French door entry, stunning brick fireplace, vaulted ceiling with exposed beams, built-in cabinetry, ample windows and slider to the backyard. Tasteful powder room on main – perfect for guests. Laundry room features storage cabinets and soaking sink.

The master suite is a welcoming and spacious retreat featuring walk-in closet and ceiling fan. Remodeled master bath with double vanity, custom cherry cabinetry, granite counter, heated travertine tile floor and oversized, double shower finished in beautiful travertine – bathroom is plumbed for a tub too! Large storage area accessible through master bath – perfect for luggage or holiday decorations. Three additional bedrooms upstairs are very spacious. Full bath in hall has a double vanity, updated fixtures, custom tile floor and tub/shower surround.

Inviting patio leads to large, fully fenced, park-like yard with ample garden space and room to play. Deck area includes built-in hot tub. Large potting shed, storage shed and double gate to additional parking area adds to the utility of the home. Attached 2-car garage with shop area and storage options. Neighborhood amenities include: Open community greenspace with trails, park with basketball court and close proximity to the Tolt Pipeline Trail.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High School.

Sold 13% Above List Price with 9 Offers! Elegant, Update 4 bedroom home with full Mother-In-Law Suite on English Hill in Redmond

Sold for $983,900
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Elegant, remodeled home with complete mother-in-law on the lower level in Sunrise on English Hill. The light filled 2,510 s.f. floorplan features 4 bedrooms, 2.5 baths and a den on a flat 7,418 s.f. lot.

Upstairs features a bright, flowing floor plan with rich Bamboo floors. Living room with vaulted ceiling, slider to back deck and gas fireplace with elegant white mantel. Dining room with large window and wall of beautiful built-ins. Kitchen with vaulted ceiling, ample custom cabinets, granite counters and backsplash, built-in buffet with under cabinet lighting – all appliances included! Fantastic nook with wall of windows and pendant lights. Spacious den with large window. The generous master suite is oversized with dual closets and sunny window. The attached bath features an oversized vanity with granite counter and a door separating the shower and toilet from the vanity area. Two additional bedrooms, both with large closets. Updated, full hall bath features large vanity with quartz counter and stunning tile floor. Laundry closet in hall with stackable washer and dryer included.

Downstairs you will find a complete mother-in-law. Kitchenette includes laminate counters, plenty of cabinetry, sink, stove/range and full size refrigerator. Huge family room with gas fireplace and slider to back patio. Oversized fourth bedroom with big closet and wainscoting. Laundry room with 3/4 bath – second washer and dryer included too!

Big, entertainment sized deck, finished in TimberTech, overlooks the lush, flat and private rear yard. Nice lawn provides room for play or soaking up the sun! Attached two car garage with storage possibilities. The English Hill HOA has several acres of open space, walking trails & basketball court for your enjoyment.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Junior High & Woodinville High.

SOLD 16% Above List Price with 17 Offers! Lovely, Updated 4 Bedroom Home with Elegant Finishes and Large Yard on English Hill in Redmond

Sold for $1,035,000
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Spacious two story home in Olde Morrison Place on English Hill. The light filled 2,450 s.f. floorplan features 4 bedrooms, 2.25 baths and a park-like 27,081 s.f. lot, complete with sport court! Special features include: New deck, hardwood floors, wainscoting, large bedrooms, and newer appliances.

Open entry with hardwood flooring, soaring ceiling, coat closet and additional closet under the stairs. Formal living features wainscoting and bay window showcasing the front yard. Dining room with French doors, large windows and decorative ceiling. Kitchen with granite counters and backsplash, ample white cabinets, pantry closet, breakfast bar and built-in buffet – all stainless steel appliances included. Nook with slider to back deck adjoins the kitchen and family room. Large family room features wood burning fireplace with brick surround and built-ins. Powder room on main – great for guests. Laundry room with shelving – washer and dryer included.

Generous master suite features vaulted ceiling, walk-in closet and lovely bay window. Master bath includes double vanity, granite counters, skylight and shower. Three additional spacious bedrooms with adjacent full bathroom. Den/reading nook too!

Lush, beautifully landscaped yard includes deck, sport court, play structure, shed and ample garden space. Attached two car garage with additional room for storage above.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold for 11.43% Above List Price! Fabulous, Updated Rambler on 1/2+ Acre Lot with Seasonal Stream on English Hill in Redmond

Sold for $780,000
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Lovely, updated rambler in the desirable neighborhood of Hollymor II on English Hill in Redmond. The flowing floorplan boasts 1,420 s.f. and features 3 bedrooms, 1.75 baths on a 22,829 s.f. lot. New carpet and fresh paint throughout most of the home.

The open entry welcomes you with gleaming hardwood floors. Elegant living room with large bay window, wood burning fireplace and lovely built-in’s. Dining room open to living room and kitchen – great for entertaining. Kitchen with ample cabinetry, tile counters, breakfast bar and appliances included. Nook with slate floor and large bay window overlooking the lush backyard. Relaxing family room with ample windows, heated slate floor and slider to backyard.

Master suite with double door entry, walk-in closet and attached 3/4 bathroom. The updated master bath features an oversized vanity, granite counters, tile floor, electric opening skylight and large shower. Two spacious additional bedrooms. The full hall bath has been updated with tile floor, large vanity, granite counter and backsplash, electric opening skylight and additional cabinetry for storage. Laundry room with cabinetry – washer and dryer included.

Lush, tree lined yard with large cement patio, ample garden beds, storage shed and seasonal stream. Attached 2 car garage with additional storage.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold! Lovely, Updated 4 Bedroom 2.5 Bath Home on a Quiet Cul-de-sac with a Fully Fenced Yard on English Hill in Redmond

Sold for $890,000
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Spacious two story home in Sheffield on English Hill. The light filled 2,580 s.f. floorplan features 4 bedrooms, 2.5 baths on a private 7,769 s.f. lot on a cul-de-sac backing to a greenbelt! Special features include: Hardwood floors, large bedrooms, newer appliances, fresh interior paint, recently painted exterior, newer carpet and A/C.

Open entry with hardwood flooring, soaring ceiling and coat closet. Formal living features large windows, gas fireplace with elegant mantel, wainscoting and vaulted ceiling. Dining room with wall of windows showcasing the lush backyard and lovely light fixture. Kitchen with corian counters, ample cabinet space, breakfast bar, built-in desk space, gas cooktop, double oven – all stainless steel appliances included. Nook with stunning wall of windows overlooking the serene greenbelt. Relaxing family room with wood stove with brick surround, built-ins and door to multi-level deck. Powder room with large granite counter and ample cabinet space – great for guests. Large laundry room with soaking sink – washer/dryer included.

Generous master suite features vaulted ceiling and walk-in closet. Master bath includes double vanity, quartz counters, soaking tub, shower and custom tile work. Three additional spacious bedrooms. Adjacent full bathroom with skylight and oversized quartz counter.

Lush, fully fenced yard with oversized gate for access, multi-level deck, shed and large side yard – perfect for play space! Attached two car garage with additional storage above.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold! Stunning Remodel! Great Room Style Floor Plan Rambler with Fenced Yard on English Hill in Redmond

Sold for $800,000
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Stunning, remodeled rambler in the desirable neighborhood of Sunrise on English Hill. The great room style floorplan boasts 1,960 s.f. and features 4 bedrooms, 2 baths on a 7,491 s.f. lot. The list of recent and extensive updates include: Remodeled kitchen and bathrooms, new carpet, hand hewn walnut hardwood floors, millwork, doors and windows.

The sunny entry welcomes you with spacious coat closet. Elegant, great room living & dining room with vaulted ceiling and large window. Remodeled kitchen with new soft close cherry cabinetry, quartz counters, tile backsplash, breakfast bar, pantry cabinet, dual fuel range, convection oven, convection microwave, slider to the back patio and stainless steel appliances included. Relaxing family room features a wood burning fireplace with elegant mantel.

Oversized master bedroom with wall of closets, vaulted ceiling, skylight and French doors to back yard. The updated master bath includes double vanity, quartz counter, tile floor, tub with shower head and additional shower stall. Three additional bedrooms feature new paint, carpet and white millwork. The full hall bath has been update with tile floor, white vanity, granite counter and back splash. Laundry closet with shelving – washer and dryer included.

Lush, well manicured, fully fenced back yard with new porcelain paver patio, ample lawn for play, lush plantings, blueberry bushes and a storage shed. Attached 2 car garage with additional storage in attic. The English Hill HOA has several acres of open space, walking trails & basketball court for your enjoyment.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold! 4 Bedroom Home with Den and Stunning, Fully Fenced Yard with Lush Garden on English Hill in Redmond

Sold for $850,000
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Spacious two story home in Olde Morrison Place on English Hill. The light filled 2,145 s.f. floorplan features 4 bedrooms, 2.5 baths and a den on a lush 15,000 s.f. lot! Special features include: Hardwood floors, large bedrooms, new appliances, fresh deck and exterior paint, cherry stained millwork and doors.

Open entry with hardwood flooring, soaring ceiling and coat closet. Formal living features bay window showcasing the front yard. Dining room with bay window and lovely light fixture. Kitchen with granite counters, built-in wine rack and hardwood floors – all appliances included. Nook with French doors to back yard adjoins the kitchen and family room. Large family room with wood burning fireplace. Powder room with pedestal sink – great for guests. Laundry closet off of kitchen – washer/dryer and storage cabinets included. Den/office on the main floor with closet – could be a guest bedroom.

Generous master suite features dual closets and lovely wall of windows. Master bath includes double vanity, tile counters and skylight. Three additional spacious bedrooms. Adjacent full bathroom with skylight and tile counter.

Lush, beautifully landscaped, fully fenced yard with deck, patio and ample garden space. Trampoline, play house and built-in sandbox included! Attached two car garage with additional room for storage.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold! Fantastic 2 Bedroom Condo with a Den and Cascade Mountain Views Located in Downtown Redmond

Sold for $442,000
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Fabulous Knollwood condo in Downtown Redmond with Cascade Views. The flowing floorplan boasts 1,308 s.f. and features 2 bedrooms, 2 full bathrooms and a den.

Fantastic, open entry with spacious coat closet. Galley kitchen includes ample white cabinetry, granite tile counters, breakfast bar, pantry cabinet with pull out shelving, tile floor and black appliances included. Large living room with sophisticated millwork, wood burning fireplace with lovely mantel and tile surround, ceiling fan and sliding glass door to a private balcony – 3D T.V. included. Dining area with chair rail and ample lighting. Den with French doors and two large windows allows for ample natural light. Laundry closet with full size washer and dryer included. Additional storage area in utility closet.

Huge master bedroom features a ceiling fan, skylight, walk-in closet with built-in’s and attached full bathroom with sophisticated finishes. Guest bedroom is spacious with adjacent full bathroom.

Serene, private covered deck. Condo includes one covered parking space and ample guest parking.

HOA dues include water, sewer, garbage, earthquake insurance, road maintenance, lawn service and common area maintenance. Community features Outdoor pool and hot tub too!

Outstanding Lake Washington Schools – Rush Elementary, Rose Hill Middle School & Lake Washington High.

Sold! Sophisticated, Remodeled 4 Bedroom 2.5 Bathroom Home with Bonus Room on English Hill in Redmond

Sold for $1,100,000
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Completely remodeled home in Mount Clare Estates on English Hill. The light filled 2,780 s.f. floorplan features 4 bedrooms, 2.5 baths on lush, flat 35,002 s.f. lot! Updates include: Remodeled kitchen and bathrooms, extensive millwork, beautiful hardwood floors, fresh interior paint and new carpet.

Stunning, open entry with hardwood floors and large closet. Formal living room with expansive windows overlooking the front yard, white millwork and gas fireplace. Formal dining room with large windows showcasing the lush yard, hardwood floors and white millwork. Remodeled kitchen with ample custom cabinets, quartz counter and backsplash – all stainless steel appliances included! Nook adjoins kitchen and family room – making for a great space to entertain. Relaxing family room with beautiful gas fireplace, built-ins and vaulted ceiling. Remodeled powder room features elegant fixtures, quartz counter and hardwood floors. Mud room features door to covered porch, soaking sink with ample cabinets and counter space – washer and dryer included! Main floor bedroom with walk-in closet is great for guests.

The master suite is a welcoming and spacious retreat featuring vaulted ceiling, two window bench seats and dual walk-in closets. Remodeled master bath includes oversized vanity, tile counters, large jetted tub and shower above. Two additional bedrooms upstairs are spacious. Remodeled full hall bath features granite counter, oversized vanity, large soaking tub with shower above. Large bonus room with plush carpet, ample windows and storage closets.

Stunning, covered deck leads down to large, well manicured, park like yard with ample garden space. Front & rear automatic irrigation too! Attached 2 car garage with additional room for storage.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold! Great Entry Level Home with 3 Bedrooms, Den and 2 Full Bathrooms on English Hill in Redmond

Sold for $615,000
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Incredible opportunity to own in one of the Eastside’s top neighborhoods!

Great, entry level home with vast remodel potential in Amberley on English Hill. The light filled 1,670 s.f. floorplan features 3 bedrooms, 2 baths and a den, on a flat corner 7,407 s.f. lot!

Spacious living room with large bay window and wood burning fireplace. Sunny dining room with a slider to back deck. Kitchen with ample cabinetry, vaulted ceiling and large window with a view of the backyard – all appliances included. Two spacious bedrooms located on the main floor. Second bedroom is bonus room sized – could be used as family room or media space. Adjacent full bathroom with laundry – full sized washer and dryer.

Huge master suite features ceiling fan and oversized closet. Generous master bath includes large vanity and tub with updated tile surround. Plenty of space to make the 5 piece bathroom of your dreams. Den adjacent to master features vaulted ceiling – could easily be converted into 4th bedroom.

Serene, fully fenced, large yard with cozy deck. Attached two car garage with additional room for storage.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold! Sophisticated, Remodeled 3 Bedroom 2.25 Bathroom Home with Guest Cottage on English Hill in Redmond

Sold for $985,000
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Completely remodeled home with guest cottage in Mount Clare Woods on English Hill. The light filled 2,690 s.f. floorplan features 3 bedrooms, 2.25 baths on a park like 1.239 acre lot! Updates include: Remodeled kitchen and bathrooms, extensive white millwork, wainscoting, hardwood floors, fresh interior paint, all new fixtures and new carpet.

Stunning, open entry with hardwood floors, white millwork, large closet and storage under the stairs. Formal living room with expansive windows overlooking the front yard, vaulted ceiling, white millwork and gas fireplace. Formal dining room with large windows showcasing the lush yard, hardwood floors and vaulted ceiling. Remodeled kitchen with ample custom cabinets featuring pull out pantries and deep drawers, soap stone and walnut butcher block counters, custom tile work, expansive island with seating, farm house sink, Electrolux Icon 6 burner gas cooktop and double oven – all stainless steel appliances included! Nook with built-in banquet, bench seating and French door to the back deck. Relaxing family room with gas fireplace, white millwork and new carpet. Remodeled powder room features wainscoting, tile counter and hardwood floors. Laundry room with wainscoting, quartz counters, soaking sink, cabinetry, built-in ironing board and beadboard ceiling – washer and dryer included!

The master suite is a welcoming and spacious retreat featuring a bay window with bench seat and dual walk-in closets. Remodeled master bath includes double vanity, quartz counters, oversized shower, skylight and vinyl plank floor. Two additional bedrooms, both featuring walk-in closets. Remodeled full hall bath features quartz counter, double vanity, skylight and vinyl plank floor.

Stunning, Brazilian hardwood deck with pergola and retractable awning leads down to large well manicured park like yard. Yard features invisible fence, raised garden beds, potting shed with greenhouse shelf for seed starting, play structure and drip irrigation. Attached two car garage with additional room for storage.

Detached 400 s.f. guest cottage complete with small kitchen, full bath, large walk-in closet and wired for internet and cable – could be a great home office space!

Sold! Lovely, 3 Bedroom, 2.25 Bathroom Home with Huge, Fully Fenced Yard in Redmond

Sold for $725,000
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Great, entry level home in Olde Morrison Place on English Hill. The light filled 1,761 s.f. floorplan features 3 bedrooms, 2.25 baths on a serene, west-facing 12,032 s.f. lot! Updates include: Remodeled master bathroom, updated kitchen, fresh paint and AC!

Stunning, open entry with hardwood flooring, skylight and coat closet. Living and dining room with vaulted ceiling and ample windows overlooking the lush yard is a great open space to entertain. Kitchen with tile counters, breakfast bar, pantry closet, garden window and hardwood floors – seller credit of $2,500 towards new appliances! Nook with slider to back yard adjoins the kitchen and family room. Relaxing family room with gas fireplace, lovely built-ins and large window. Powder room on the main floor is great for your guests. Laundry room with soaking sink, ample cabinetry and counter space – washer and dryer included!

Spacious master suite features large window and walk-in closet. Remodeled master bath includes large vanity, quartz counters, oversized shower, skylight and tile floor. Two additional bedrooms with adjacent full bathroom and linen closet.

Serene, fully fenced, large yard with basketball court and storage shed. Attached two car garage with additional room for storage. Deep driveway with side gate access for possible RV parking.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold! Fabulous, Remodeled 3 Bedroom, 2.5 Bathroom Home with Private, Fully Fenced Yard backing to Greenbelt on English Hill in Redmond

Sold for $757,500
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Completely remodeled home in Amberley on English Hill. The light filled 1,960 s.f. floorplan features 3 bedrooms, 2.5 baths on a serene 8,469 s.f. lot backing to the greenbelt! Updates include: Remodeled kitchen & bathrooms, white millwork, luxury vinyl plank flooring, fresh interior and exterior paint, new light fixtures, high-end ceiling fans, remodeled front deck, new garage doors and much more! Furnace and AC under two years old.

Stunning, open entry with luxury vinyl plank flooring and white millwork. Formal living room with expansive window overlooking the front yard, ceiling fan and white millwork. Formal dining room with bay window. Remodeled kitchen with ample cabinets, granite counters, breakfast bar, pantry closet and all stainless steel appliances included! Relaxing family room with gas fireplace, ceiling fan and slider to back deck. Remodeled powder room – great for your guests. Laundry room with soaking sink, cabinetry and storage closet – washer and dryer included!

The master suite is welcoming and spacious with ceiling fan, vaulted ceiling and walk-in closet. Remodeled master bath includes double vanity, quartz counters, oversized shower/soaking tub with two shower heads, skylight and tile floor. Two additional bedrooms, both featuring oversized closets and ceiling fans. Updated full hall bath features tile counter and tile floor.

Lovely, refinished deck leads down to large well manicured yard. Very private yard backs to green-belt, features new fence, lush plants and storage shed. Attached two car garage with additional room for storage.

The English Hill HOA has several acres of open space, walking trails & basketball court for your enjoyment.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold 4% Above List Price with 7 Offers! Prime location! 3 Bedrooms, 1.75 Bathrooms, 2 Car Garage and a Private Yard on Rose Hill in Redmond

Sold for $680,000
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Prime location ready for you to put your stamp on! Ideally located near Microsoft, shopping, easy access to 405 and one block from Rose Hill Middle School. New roof to be installed prior to closing.

This home features 3 bedrooms, 1.75 bathrooms, 1,700 s.f. on a 10,150 s.f. lot. Enter to the formal living room with wood burning fireplace and potential to restore hardwood floors currently under the carpet. Large kitchen with ample counter space, breakfast bar, huge skylight and all appliances included.

Master bedroom features walk-in closet with built-in shelving system and hardwood floors. Two additional bedrooms, both with hardwood floors. Adjacent full hall bathroom.

Family room with stunning wood ceiling, ample windows, ceiling fan and door to front deck. Laundry room with soaking sink, shelving and door to back deck – washer and dryer included. Three-quarter bathroom with large counter space.

Back yard is partially fenced, featuring large deck for entertaining and mature trees providing ample shade and privacy.

Attached 2 car garage with separate storage/workshop room.

Outstanding Lake Washington Schools – Rose Hill Elementary, Rose Hill Middle School & Lake Washington High.

Sold 5% Above List Price with 6 Offers! Remodeled 3 Bedroom Home with Bonus, Rec Room and Fenced Yard Near Microsoft in Redmond

Sold for $1,054,000
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Stunning home on a quiet street, conveniently located near Microsoft and shopping. Recently updated and loaded with extras! This flowing floorplan boasts 2,369 s.f. and features 3 bedrooms, 2.5 baths, bonus room and a workout room with a 2 car garage on a lush 12,000 s.f. lot.

The open entry welcomes you in with newly refinished oak hardwood floors, soaring ceiling, beautiful staircase wrapped in wainscoting and spacious coat closet. Formal living room features a bay window and electric fireplace with elegant mantle. Formal dining room is a sophisticated place ready for dinner parties. Top of the line kitchen features; ample white soft close cabinetry, rounded edge granite counter, granite backsplash, under and in cabinet lighting, large island with prep sink and room to seat 4, high end appliances included – Sub-Zero fridge/freezer, Dacor oven with warming drawer, GE 5 burner gas cooktop, Miele dishwasher and KitchenAid trash compactor. Relaxing family room with lovely gas fireplace with brick surround. Main floor powder room is great for guests. Laundry room with ample shelving – washer and dryer included.

Generous master suite with bay window, high quality carpet and dual closets with custom shelving. Attached master bathroom features custom tile work, granite counter, soaking tub, skylight and linen closet. Two spacious additional bedrooms upstairs. Full hall bathroom with granite counter, soaking tub, custom tile work and skylight. Large bonus room with wainscoting, built-in storage cabinet, exposed wood beam and skylights with blinds.

Attached two car garage with room for storage. Private, climate controlled work out room at the back off the garage. Lush, well manicured yard is fully fenced and features a new high quality composite deck, patio and 3 storage sheds. Home features air conditioning and is wired for an electric car charger too!

Outstanding Bellevue Schools – Sherwood Forest Elementary, Highland Middle School & Interlake Senior High.

Sold! Updated 4 Bedroom Home with Large Bonus Room and Outdoor Kitchen on English Hill in Redmond

Sold for $890,000
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Updated home in Olde Morrison on English Hill. The light filled 2,810 s.f. floorplan features 4 bedrooms, 2.25 baths and a bonus room on a sunny 8,837 s.f. lot.

The open entry welcomes you in with beautiful hardwood floors and spacious coat closet. Formal living room with bay window overlooking the lush front yard. Formal dining room with sunny window that overlooks the rear yard. Remodeled kitchen with new maple cabinets, granite counters, tile backsplash, breakfast bar, pantry cabinet and built-in wine fridge – all stainless steel appliances included! Spacious nook with French Doors to the back patio – adjoins kitchen and family room. Relaxing family room with gas fireplace, expansive windows and tile floor. Remodeled powder room – great for your guests. Laundry room with cabinetry – washer and dryer included!

The master suite is welcoming and spacious, vaulted ceiling and walk-in closet. The attached bath is updated, including double vanity, Corian counter top, new fixtures, oversized shower, skylight and tile floor. Three additional bedrooms are very spacious. Full, hall bath features oversized Corian counter, jetted tub, skylight and tile floor. Massive bonus room upstairs – great for entertaining or play.

Big, entertainment sized, stamped concrete patio with outdoor kitchen, hot tub, basketball court and lush shrubbery. Large side yard provides room for play or soaking up the sun! Attached two car garage with additional room for storage.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold 5% Above List Price with 5 Offers! Beautifully, Remodeled 4 Bedroom Home with Den and Large Yard on English Hill in Redmond

Sold for $925,000
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Lovely, remodeled home in Rosewood on English Hill. The light filled 2,510 s.f. floorplan features 4 bedrooms, 2.5 baths on an immaculate 9,245 s.f. lot. Updates include: Newly remodeled kitchen and baths, new carpet and fence.

The open entry welcomes you in with beautiful hardwood floors and an elegant staircase. Formal living room with bay window and wood burning fireplace. Formal dining room with large windows showcasing the back yard. Newly remodeled kitchen with granite counters, soft close maple cabinets, new fixtures, expansive garden window, custom tile work and full complement of stainless steel appliances. Family room with fireplace and slider to back deck. Den/TV room with pocket doors for privacy. Remodeled main floor powder room is great for guests. Laundry room with ample storage cabinets and door to back yard – washer and dryer included.

Luxurious master suite with large window, wood burning fireplace and double closets. Newly remodeled 5 piece master bathroom with quartz counters, double sinks, soaking tub, shower with custom tile work, frosted windows and skylight. Three additional bedrooms are very spacious. Full, hall bathroom adjacent to the bedrooms.

Big, entertainment sized deck overlooks the private fully fenced yard with immaculate landscaping. Large lawn provides room for play or soaking up the sun! Attached two car garage with additional storage space.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Middle School & Woodinville High.

Sold 8% Above List Price! Remodeled Condo with 2 Master Suites in Downtown Redmond

Sold for $430,000
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Fabulous condo in Downtown Redmond. Updates include: Brand new siding and exterior paint; completely remodeled kitchen and bathrooms. The flowing floorplan boasts 1,085 s.f. and features 2 bedrooms and 1.75 baths.

The living room features white millwork, wood burning fireplace with lovely mantel, cozy garden windows with bench seats and sliding glass door to a private balcony. Kitchen includes ample white soft close cabinetry, granite counters and backsplash, breakfast bar, deep soaking sink, tile floor and a full compliment of stainless steel appliances. Laundry room with shelving – washer and dryer included.

Dual master suites – 1st master bedroom features a garden window with a bench seat, 2 closets and attached full bathroom has been completely remodeled. It features a large vanity with granite counters, shower with custom tile work and rain shower head, new fixtures and tile floor. 2nd master bedroom is spacious with 2 closets and attached 3/4 bathroom which has been completely remodeled. The bathroom features a large shower with rain shower head and seat, oversized vanity with granite counters, new fixtures and tile floor.

Serene, private covered balcony faces the Sammamish Waterway. Condo includes one covered parking space and private ground floor storage closet.

HOA dues include water, sewer, garbage, lawn service and common area maintenance. No rental cap!

Outstanding Lake Washington Schools – Redmond Elementary, Redmond Middle School & Redmond High.

Sold 12% Above List Price with 4 Offers! Lovely 4 Bedroom Home on a Sunny, South Facing Lot on English Hill in Redmond

Sold for $980,000
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Charming home in Sheffield on English Hill. The light filled 2,460 s.f. floorplan features 4 bedrooms, 2.25 baths on a private and sunny, south facing 15,000 s.f. lot near Sunrise Elementary.

The spacious two story entry welcomes you in. Formal living room with wainscoting, elegant fireplace and bay window overlooking the front yard. Formal dining room with wainscoting, decorative ceiling and sunny window showcasing the rear yard. Large kitchen with granite counters and backsplash, ample cabinets, breakfast bar, pantry closet and built-in desk area – all appliances included! Spacious nook with French doors to the back deck adjoins kitchen and family room. Relaxing family room features sophisticated brick fireplace with wood surround and built-ins. Spacious den with double doors, wainscoting and closet. Updated powder room for your guests. Laundry room with cabinetry and soaking sink – washer and dryer included!

The wonderful master suite has ample room, a walk-in closet and wall of windows. 5 piece master bath includes double vanity, soaking tub with skylight above and tile floor. Three additional bedrooms are very spacious. Three-quarter hall bath features lots of counter space, large shower and tile floor.

Immaculate, private, fully fenced yard with beautiful landscaping. Large deck with steps down to a generous patio, which is a great space for outdoor entertaining. Lush lawn with southern exposure – great for play or soaking up the sun! Attached two car garage with additional storage.

The English Hill HOA has several acres of open space, walking trails & basketball court for your enjoyment. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Sold 4% Above List Price with 3 Offers! 4 Bedroom Rambler with Update Kitchen and Large Yard Near Microsoft

Sold for $835,000
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Lovely, updated rambler in the desirable Microsoft area. The flowing floorplan boasts 1,650 s.f. and features 4 bedrooms, 1.75 baths on a 10,067 s.f. lot.

Beautiful front yard with luscious plants welcome you to the home. The living room features vaulted ceiling, wood burning fireplace and beautiful maple wood floors. Formal dining room with large window showcasing the back yard and vaulted ceiling. Remodeled kitchen includes ample cabinetry, Corian counters, tile backsplash and all appliances included. Large eat-in kitchen area with skylights and slider to back patio – great space for entertaining.

Generous master bedroom with gleaming maple hardwood floors and double closets. Three-quarter master bathroom features large vanity and oversized shower.

Three additional bedrooms are spacious both feature maple hardwood floors and white millwork. Full hall bathroom adjacent to bedrooms. Laundry room with storage cabinets- washer and dryer included!

Lush, private rear yard with large patio, mature plants, shed and a backdrop of majestic trees. Attached 2 car garage with room for storage.

Outstanding Lake Washington Schools – Audubon Elementary, Rose Hill Middle School & Lake Washington High.

Sold 25% Above List Price! Luxurious 4 bedroom, 4 separate bath home with East Coast charm on shy acre in Redmond

Sold for $1,875,000
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This custom built, Dutch Colonial home was recently remodeled featuring 4 bedrooms, 3.25 baths, den, bonus, 4,630 s.f. and a park-like lot. Located on a private 36,661 s.f. lot, ideally positioned in the easily accessible English Hill area of Redmond.

Elegant home with East Coast charm. Craftsmanship shows throughout with ample molding, wainscoting and white oak hardwood floors. Formal living room with gas fireplace and big windows. Elegant dining room is perfect for a dinner party. Luxurious, state of the art kitchen. Relaxing family room with gas fireplace, stunning wall of windows and a closet for your electronics – flat panel and speakers included. Casual dining space with two sets of French doors to the patio and ample windows. Mud room with ample custom cabinetry and counter space – washer and dryer included. Main floor powder room with Calacatta Gold Marble counter. Guest bedroom with adjacent three-quarter bathroom.

State of the art kitchen includes: Custom, soft close maple cabinetry with built-in lighting, top of the line stainless appliances – separate subzero freezer and refrigerator, Wolf 6 burner gas stove and double oven, Miele dishwasher and wine fridge. Calacatta Gold Marble counters and backsplash, walnut butcher block island with seating and prep sink.

The sophisticated master is a serene retreat with a view of Mount Rainier. Featuring French doors, gas fireplace and window with bench seat. The luxurious dressing room includes a walk-in closet with built-ins. Sumptuous 5 piece master bath with jetted tub, double shower with rain heads, double sinks, toilet closet and skylight – all finished in beautiful stone and tile.

Two spacious guest rooms. Immaculate full bathroom, with beautiful white tile and warm cabinetry. Large den with wood floors and closet. Sizable bonus room with skylight and closet – entertainment center, television and surround sound included. The bedrooms, den and bonus all have generous closets, which allows you to configure the floor plan to fit your needs.

Lush yard with well manicured shrubbery and large patio – perfect for entertaining. Large 3 car garage with workshop area, epoxy chip sealed floors, custom cabinetry and fridge included. All rooms feature closets which allows you the ability to configure the bedroom layout to fit your needs.

Outstanding Northshore Schools! Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Sold 7% Above List Price with 2 Offers! Gracious and Flowing Home on English Hill in Redmond

Sold for $723,000

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Gracious and flowing home in Sunrise on English Hill. The light filled 2,478 s.f. floorplan features 4 bedrooms, 2.5 baths on a flat 7,605 s.f. lot.

Upstairs features refreshed paint and new carpet. Living room with vaulted ceiling, slider to rear deck and wood burning fireplace. Dining room with large window. Big kitchen and nook with vaulted ceiling, ample cabinets, two pantry closets, new light fixtures, ceiling fan, sunny windows, Jenn-Air built-in grill, brand new range & newer black appliances included! Den with wet bar and large window. The spacious master suite is oversized with “His and Hers” closets and sunny windows. The attached bath features an oversized vanity and a door separating the shower and toilet from the vanity area. Two additional bedrooms are very spacious. Full bath in the hall for guests.

Downstairs you will find a relaxing family room with heated flooring, slider to back patio and wood burning fireplace. Oversized fourth bedroom with heated flooring and ample windows. Huge laundry room with 3/4 bath, plenty of room with storage cabinets and room for additional storage too – washer/dryer and second refrigerator included!

Big, entertainment sized deck overlooks the lush, flat, private, fully fenced rear yard. Nice lawn provides room for play or soaking up the sun! Attached two car garage with storage possibilities. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Sold 28% Above List Price with 7 Offers! Light Filled, Cul-De-Sac Home in the Desirable Neighborhood of English Hill on Redmond

Sold for $895,000

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Gorgeous, two story home in Olde Morrison Place on English Hill. The light filled 2,030 s.f. floorplan features 4 bedrooms, 2.5 baths on a lush 9,869 s.f. lot. The home is ideally situated at the back of a quiet cul-de-sac.

The gracious two story entry welcomes you in. Formal living room with bay windows and vaulted ceiling. Formal dining room decorative ceiling overlooks rear yard. Big kitchen with breakfast bar, updated solid surface counters, light fixtures, pantry closet & stainless steel appliances included! Spacious nook with French doors to back deck adjoins kitchen and family room. Relaxing family room with built-ins, brick fireplace with gas log set and bay windows showcasing the back yard. Powder room with updated fixtures for your guests. Laundry room with storage cabinets – washer and dryer included!

Grand staircase leads to a large landing on the second floor. Wonderful master suite with gas fireplace, walk-in closet and ample windows. The attached, oversized bath features a double vanity, big mirror & double shower. Three additional bedrooms are very spacious. Large hall bath with update fixtures and flooring.

Big, entertainment sized deck with motorized awning overlooks the private, fully fenced rear yard with play structure. Nice lawn provides room for play or soaking up the sun! Ample garden space will satisfy any gardener! Attached two car garage with storage options. Additional parking on the side of the house is perfect for a boat or trailer. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Stunning remodel! Two story home near Sunrise Elementary on English Hill in Redmond

Listed at $650,000
Complete details here.

Completely renovated home in the desirable neighborhood of Coventry on English Hill. The open floorplan boasts 2,140 s.f. and features 4 bedrooms, 2.5 baths on a lush lot. The list of recent and extensive updates include: Outside – high quality roof, updated windows and landscaping. Inside – rich hardwood floors, white millwork and doors, wrought iron stair railing, lighting, carpet, updated kitchen and remodeled baths!

The spacious formal living room with vaulted ceiling, gas fireplace, skylights and large windows overlooking the front gardens. The dining room is a great place to share a meal with friends. Updated kitchen with new cabinets, quartz counters, custom tile backsplash, under-cabinet lighting, breakfast bar, and a full compliment of stainless steel appliances included. Sunny nook adjoins the kitchen and family areas. Relaxing family room with gas fireplace and slider to deck & yard. Updated powder room with stone counters, new vanity and fixtures.

Generous master bedroom with walk-in closet. The attached bath is fully remodeled and includes double vanity, granite counter, new fixtures, heated tile floor, double shower and tub – all wrapped in tile. Three additional bedrooms are spacious. The hall bath has been remodeled with a new vanity, granite counter, new fixtures, tile floor and matching shower surround over the tub.

Lush yard with garden beds front and rear, deck and stone patio for relaxing, pathways for wandering – all with the backdrop and privacy of majestic trees. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Remodeled tri-level on expansive lot in Rosewood on English Hill in Redmond

Listed at $600,000
Complete details here

Wonderful tri-level home on a quiet street in Rosewood on English Hill. The open floorplan boasts 1,890 s.f. and features 3 bedrooms, 2.75 baths on an expansive lot. The list of recent updates include: Outside – freshly painted exterior. Inside – completely updated kitchen and lower bath.

The spacious formal living room has a vaulted ceiling, fireplace and large bay window overlooking the front gardens. The dining room has a slider to the patio – perfect for BBQing or entertaining. Updated kitchen with ample maple cabinets, stone counters, induction cooktop, instant hot water dispenser, stainless appliances and island. Relaxing family room with new carpet, brick wrapped fireplace and slider to the patio. The lower bath has been updated with heated tile floors and the adjacent laundry area includes front loading washer and dryer too!

Generous master bedroom with fireplace and a wall of closets. The attached 5 piece bath includes a new tile floor, double vanity, shower and an oversized soaking tub. Two additional bedrooms are spacious. The hall bath has an oak vanity, tile floor, updated countertop and fixtures.

The huge, flat yard is a wonderful place to entertain, relax or play. Two separate patios, ample room to garden, large lawn for play – all with beautiful trees as your backdrop. Two car garage attached with heat and technology panel.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Burnstead Resale – Updated two story home on quiet cul-de-sac on English Hill in Redmond

Listed for $625,000
Complete details here

This Burnstead resale has been recently updated and located in the desirable neighborhood of Amberley on English Hill. The open floorplan boasts 1,970 s.f. and features 3 bedrooms, 2.25 baths on a lush lot. The list of recent updates include: Outside – high quality roof, extensive stamped concrete & updated windows. Inside – rich hardwood floors, travertine tile floors and an updated kitchen too!

The spacious formal living room has a large bay window overlooking the front gardens. The dining room is a great place to share a meal with friends. Updated kitchen with ample oak cabinets, concrete counters, black appliances, island – a pantry closet too. Relaxing family room with travertine floors, brick wrapped fireplace and slider to the patio – perfect for BBQing or entertaining. Nicely appointed powder room for your guests.

Generous master bedroom with separate sitting area/den and walk-in closet. The attached bath has an oversized double vanity and double shower – all finished in tile. Two additional bedrooms are spacious. The hall bath has an oak vanity, travertine tile floor and a shower over the tub.

The huge, stamped concrete patio features an outdoor kitchen and plenty of room to entertain. There are two custom ponds with waterfalls and ample room for gardening or play under a canopy of beautiful trees. Laundry room with extra storage cabinets. Attached two car garage with storage possibilities above.

Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High and Woodinville High.

Sprawling Two Story Home in Stately Redmond Neighborhood of Bristol View

Listed at $1,100,000
Complete details here:

This custom built home has been completely remodeled and is located on a private 34,999 s.f. lot. Ideally positioned in the easily accessible Bristol View Neighborhood of Redmond, the home features 4 bedrooms, 5 separate bathrooms, den, bonus, rec. room, craft room, 4,950 s.f. and a park-like lot.

Wonderful home for entertainment with cozy spaces in a flowing layout. Craftsmanship shows throughout with ample molding, wainscoting and rich hardwood floors. Formal living room with fireplace and bay window. Elegant dining room is perfect for a dinner party. Relaxing family room with brick fireplace, wet bar and French doors to patio. Private den with wood, box beam ceiling.

Chef’s kitchen includes: Five burner gas cooktop, double ovens & trash compactor. Ample cabinets with stone counters, island and pantry cabinets too! Light-filled nook opens to deck and patio. Covered and uncovered areas allow for year round enjoyment.

The lush, main floor master is a welcome retreat at the end of the day. Delightful 5 piece master bath with jetted tub, double shower, “His & Hers” vanities, toilet closet – all finished in beautiful stone and tile. Walk-in closet too!

Three spacious guest rooms upstairs. There is a 4th room with a closet and laundry connections – perfect as a craft room. Two remodeled baths await your guests.

Big bonus room is a perfect space for play. The rec. room is above the garage with its own staircase – perfect for a teen space or a home theater. Oversized mud room area with 1/2 bath, laundry with storage cabinets and access to the basement.

Stunning yard is your own private park! Deck, covered and uncovered patios, fire pit, ample trees for privacy and an expansive upper lawn area for play.
Outstanding Northshore Schools – Sunrise Elementary, Timbercrest Jr. High & Woodinville High.

Updated home on one acre, cul-de-sac lot on English Hill in Redmond

Listed at $825,000
Complete details here

Beautifully maintained and updated home in the desirable neighborhood of Sheffield on English Hill. The gracious floorplan boasts 2,540 s.f. and features 4 bedrooms and 3 baths. The home is ideally positioned on a 45,089 s.f. lot at the back of a cul-de-sac! The list of extensive updates includes remodeled kitchen & baths, refinished hardwoods and new carpet! The formal living room features a vaulted ceiling, bay window overlooking the gardens and a stone wrapped, gas fireplace. The dining room is a great place to share a meal with friends. Updated kitchen with ample cabinets, granite counters, under-mount sink, breakfast bar appliances included! The light-filed nook includes a slider to the deck – perfect for BBQing or entertaining.

Relaxing family room with brick fireplace including a gas insert, built-in shelving & ample windows. Private 4th bedroom or den with wainscoting and 1/2 bath across the hall is ideal for guests. Updated powder room off entry foyer. Generous master bedroom with walk-in closet. The sumptuous bath has been remodeled with a double vanity, large soaking tub, and oversized, double shower – all finished in stone. Two additional bedrooms are spacious. The hall bath has been remodeled with double vanity and tub with shower above – all finished in stone.

The huge, entertainment sized deck is a great space to relax. There are ample garden beds and room for play – all with a lush backdrop. Laundry room with sink and extra storage area – washer & dryer included. Attached three car garage with storage possibilities. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Spend this summer vacationing at your own home! Park Avenue Estate on English Hill in Redmond.

13405 179th Ave NE - Redmond-51

Listed at $1,180,000

Complete details here

This custom built home was completely remodeled since 2013 and is located on a private 42,907 s.f. lot. Ideally positioned in the easily accessible English Hill area of Redmond, the home features 4 bedrooms, 3.5 baths, den, bonus, 3,940 s.f. and a park-like lot.

Wonderful home for entertainment with cozy spaces in a flowing layout. Craftsmanship shows throughout with ample molding, wainscoting and rich hardwood floors. Formal living room with gas fireplace and big windows. Elegant dining room is perfect for a dinner party. Relaxing family room with gas fireplace, built-in storage and custom stone wall. Private den with built-ins and French doors to covered patio.

State of the art kitchen includes: Top of the line stainless appliances including a 48” dual fuel range and built-in refrigerator, pot filler and boiling water tap, island with vegetable sink, Brazilian quartzite leathered counters, stainless steel backsplash, abundant solid maple cabinets, desk area and pantry closet too!

The lush master is a welcome retreat at the end of the day. You can enjoy a relaxing evening on your private deck or read by the gas fireplace. Sumptuous 5 piece master bath with freestanding tub, towel heater, double door shower with rain head, double sinks, toilet closet – all finished in beautiful stone and tile. Walk-in closet too!

Three spacious guest rooms. Two with Jack-n-Jill full bath attached. The third bedroom includes an en-suite bath. All bathrooms have been remodeled.
Big bonus room is a perfect space for play or a home theater room – easily accessible from the second staircase. Laundry with storage cabinets, folding counter and soaking sink.

Stunning yard is your own private park! Covered patio, wood gazebo, expanded patio, gas lit wood burning fireplace, 18’ x 32’ saltwater pool with UV sanitizer and efficient heat pump or gas heat for year round enjoyment, new hot tub, large lawn for play, tree house with zip line – all with a tree-lined backdrop. Simply gorgeous!

Outstanding Northshore Schools – Sunrise Elem., Timbercrest Jr. High & Woodinville High.

New listing in Redmond. Updated mid-entry home in Sunrise on English Hill

Listed for $570,000

Complete details here

Well cared for and updated mid-entry home in Sunrise on English Hill. The light filled floorplan features 2,160 s.f., 3 bedrooms, 2.75 baths on a sunny 7,755 s.f. lot! Recent updates included windows, elegant wood floors, white millwork and doors, remodeled kitchen and baths.

Formal living room with vaulted ceiling, fireplace &amp; big windows overlooking the front yard. Formal dining room with vaulted ceiling, sunny skylights and a slider to the deck – perfect for BBQing or entertaining. Generous kitchen with ample cabinets, granite counters, newer appliances and a nook area too!

The spacious master suite has a vaulted ceiling, walk-in closet and a slider to the deck. You will find an attached 3/4 bath with an oversized, multi-jet shower, double vanity and a sunny skylight. Two additional bedrooms upstairs are very spacious. Nicely updated bath in hall with granite, new tub/enclosure and a skylight.

On the lower level: Huge family room with slider to rear yard. The family room is large enough to add a 4th bedroom and still have a big space! Updated full bath for guests. Oversized laundry room with ample storage cabinets.

The private yard is ideal for the sun seeker! Big, entertainment sized deck with SW exposure, lower covered patio, gazebo, ample gardens beds and a lawn for play. Attached two car garage with storage options.

The English Hill HOA has acres of open space, walking trails & basketball court for your enjoyment. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High and Woodinville High.

Remodeled Burnstead Resale with 4 Bedrooms on a Quiet Street in Redmond

This Burnstead resale has been recently updated and located in the desirable neighborhood of Amberley on English Hill. The open floorplan boasts 2,080 s.f. and features 4 bedrooms, 2.5 baths on a lush lot. The list of recent and extensive updates include: Outside – high quality roof & updated windows. Inside – rich hardwood floors, new carpet, updated kitchen and remodeled baths!

The spacious formal living room has a large bay window overlooking the front gardens. The dining room is a great place to share a meal with friends. Updated kitchen with ample maple cabinets, quartz counters, stainless appliances, breakfast bar and desk area – pantry closet too. Relaxing family room with gas fireplace, wrapped in tile, built-in bookcases and slider to the patio – perfect for BBQing or entertaining. Nicely appointed powder room for your guests.

Generous master bedroom with walk-in closet. The attached bath is fully remodeled with a new oversized vanity, quartz counter, tile floor, new fixtures, jetted tub and shower – all wrapped in tile. Three additional bedrooms are spacious. The hall bath has been remodeled with new vanity, quartz counter, new fixtures and a tub with shower above – all finished in tile.

The entertainment-sized patio is a great space to relax. There is ample room for gardening or play under a canopy of beautiful trees. Laundry room with extra storage cabinets. Attached two car garage with storage possibilities above. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Complete details on this home can be found here:

NWMLS Market Report: February 2016 – Buyer Frustration Builds as Inventory Shrinks!

KIRKLAND, Washington (March 7, 2016) – Home prices in King County hit new highs in February as buyers tried to outbid each other for the sparse inventory in much of Western Washington.

“We’re in for another crazy spring real estate market,” predicts J. Lennox Scott, chairman and CEO of John L. Scott, Inc.

With the number of single family homes for sale in King County down nearly 30 percent from a year ago, prices on last month’s sales surged 19.8 percent, jumping from $429,900 to $514,975. Ten other counties in the 23-county area served by Northwest Multiple Listing Service also reported double-digit price gains for single family homes that sold last month, according to its latest statistics. Condo prices surged 19.6 percent.

“Buyers who are looking for houses cannot start looking at the top of their affordability range — they should look 15 or 20 percent below their limit and be prepared to go over list price if they have any hope of success,” suggested Frank Wilson, immediate past chair of the Northwest MLS board.

Northwest MLS brokers scrambled to replenish depleted inventory as pending sales outpaced new listings, resulting in a sizeable drop in the total number of active listings by month end.

Member-brokers added 7,931 listings area-wide to inventory last month for a slight improvement from a year ago when they added 7,852 homes and condominiums to their database. At month end, they reported 12,107 active listings, a sharp drop from a year ago when there were 16,946 properties offered for sale.

Current levels of inventory translate to 2.4 months of supply, well below the four-to-six months that industry experts use to indicate a balanced market. In the four-county Puget Sound region, supply is hovering near or below two months, with King County having the lowest level at only 1.3 months of supply. Snohomish County reported about 1.5 months, Pierce had slightly more than 2.1 months, and Kitsap County was at about 2.3 months.

“Buyer frustration continues to build as inventory levels drop and a mixed quality of homes comes on market,” reported MLS director George Moorhead, designated broker at Bentley Properties.

The fast pace of sales combined with shrinking inventory means many areas remain in the throes of a sellers’ market, stated MLS director Bobbie Petrone Chipman.

Despite the frustration for buyers and brokers, pending sales improved on year-ago figures. Northwest MLS members reported 9,052 pending sales, up 5.3 percent from a year ago when they tallied 8,599 mutually accepted offers.

Scott described current activity as a “Pac-Man” market – “Houses are being gobbled up as soon as they come on the market,” he stated.

Seven counties, including King County, reported year-over-year declines in pending sales during February in the wake of inventory shortages. Pending sales in King County fell about 5.6 percent compared to twelve months ago. The selection in the state’s most populous county plummeted nearly 32 percent from year-ago levels while asking prices jumped about 22 percent.

“The big story this month is the nearly 20 percent jump in King County prices which has brought the median home price to an all-time high,” observed OB Jacobi, president of Windermere Real Estate. “Affordability is on the decline in King County which is part of the reason why sales of single family homes are down,” he noted, adding, “So where are those priced-out buyers going? The answer for some is condos. With the rent-versus-buy ratio at about two years, many buyers are seeing the wisdom in investing in a condo as a means to take advantage of low interest rates and get into homeownership.”

Moorhead also commented on growing demand for condos. “We have noticed increasing demand for condos and townhomes as they are becoming more affordable for first-time buyers, so this activity is drawing down that inventory too,” he reported.

Pending sales of condos increased about 4.8 percent area-wide, despite shrinking inventory. The number of active listings dropped 36.6 percent from a year ago, resulting in only 1.4 months of supply. In King County, which accounted for six of every 10 condo sales that closed last month, there is only about a month of supply. Condo prices in that county jumped 26 percent from a year ago, rising from $257,000 to $323,975. That compares to a median selling price of $514,975 for single family homes that sold last month in King County.

For others, a longer commute is the ticket to homeownership.

“This is the type of market that has people who work in Seattle thinking more seriously about moving west,” suggested Wilson, the branch managing broker at John L. Scott’s Poulsbo office. “Typically people who have a Seattle area job look north or east, but with lack of inventory in those areas and prices that have gone through the roof, they are now considering a ferry commute and shopping for homes in Kitsap.” Wilson said they’re even seeing an increase of activity west of the Hood Canal Bridge with more people looking to Port Ludlow and beyond.

Pending sales in Kitsap County rose 9 percent in February compared to a year ago. Prices increased 7.7 percent year-over-year, but Wilson expects even more escalation. “It would not be unreasonable to think we might see double-digit price increases this year,” he commented.

Rapidly rising prices are worrisome to some brokers.

“In some situations sellers, in efforts to glean as much from a sale as possible, and buyers, in efforts to have their offers accepted in competitive presentations, might find themselves the subject of anecdotal stores regarding low appraisals,” noted MLS director Bobbie Petrone Chipman, principal managing broker at John L. Scott in Puyallup.

“Buyers line at houses that are available and find themselves in bidding wars,” said Wilson. “This market squeezes all the fun out of buying a home. Prospective purchasers who are coming up short tend to be first-time buyers or those who are using anything other than cash or conventional loans,” he added.

Moorhead cautioned sellers about being overly aggressive on pricing. Sellers are pushing price harder than ever, he said, and some are missing market price, resulting in longer market times. “Buyers perceive this as ‘there must be something wrong with the home,’ especially if the home is still on the market past an offer review date that was set when the home came on the market.”

Even though the current market poses challenges, brokers remain optimistic about the market’s strength.

Mike Grady, a past chairman of the MLS board, anticipates “a long steady increase in pending sales projecting favorably into 2017.” He cited projections suggesting long-term interest rates will remain stable, job growth in the region will remain strong, and new housing starts will continue to lag behind demand as factors in his prediction. These factors “create the simple formula of high demand, low supply equaling increasing prices, creating the consumer confidence we continue to see,” stated Grady, the president and COO of Coldwell Banker Bain.

Scott also expects robust activity during 2016. “Six months ago we predicted the major decline in inventory throughout the winter months would create a more intense market starting the first of the year. It’s déjà vu all over again,” he commented.

Noting this pattern has existed for the the last three years, Scott said the current lack of inventory is taking its toll on homebuyers. “We are facing the most intense market yet.”

Starting this month, Scott said “We’ll start to see an explosion in the amount of sales activity for the next eight months. That’s the good news. The bad news? Market conditions still require buyers to make an instant response because there are so many other hungry buyers out there.”

Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership of nearly 2,100 member offices includes more than 25,000 real estate professionals. The organization, based in Kirkland, Wash., currently serves 23 counties in Washington state.

Selling? You need more than a Great Broker, you need a proven Auctioneer to get the most for your Home!

I am keenly aware of how my role has evolved for our sellers over the last few years. Creating a compelling presentation for our client’s homes has always been important. However, in the market we have had since 2013, extracting value from competing offers is where the real money is made for our clients!

As illustrated in one of our recent articles… “Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. In that way, the seller will not be fighting with a buyer over the price, but instead will have multiple buyers fighting with each other over the house.”

In doing so, the seller attracts the auction effect to their home, allowing a skilled broker to work the process for them, eliminating contingencies and raising prices dramatically. This auction effect puts the seller strongly in the driver’s seat and pushes prices to levels that would not be seen or expected in any other normal selling situation!

Here are some examples of how we have recently helped clients reap the best benefits our market has for their home:

Sharon Miles – 21 Offers – Sold for 18% above the list price!

Rich Heineck and Edi McSorley – 9 Offers – Sold for 14% above the list price!

Brian and Ann Steel – 6 Offers – Sold for 11% above the list price!

David and Melissa Conlee – 9 Offers – Sold for 10% above the list price!

Mike Hemphill – 5 Offers – Sold for 7% above the list price!

Tim and Linda Bunce – 2 Offers – Sold for 5% above the list price!

Veeru Perianan & Suji Lakshminarayanan – 3 Offers – Sold for 4% above the list price!

Tim and Tam Alden – 3 Offers – Sold for 3.5% above the list price!

These are just a few examples of clients we have helped successfully run an auction for their home. As you can imagine, this does not happen by accident. We have a complete system to produce these results. If you would like to find out if we can do this for your home too, please contact us at 425-466-1000 or through the form below.

SOLD for 17% Above List Price! Close to Sunrise Elementary on a Quiet Cul-De-Sac Backing to a Greenbelt on English Hill in Redmond

SOLD for 17% Above List Price!

Well cared for tri-level home in Sunrise on English Hill. The light filled floorplan features 1970 s.f., 4 bedrooms, 2.25 baths on a quiet 11,227 s.f. cul-de-sac lot backing to the greenbelt! Recent updates included vinyl windows, neutral paint, white millwork and doors.

Formal living room with vaulted ceiling, fireplace & big windows overlooking the front yard. Formal dining room with vaulted ceiling, sunny skylights and a slider to the rear yard. Big kitchen with vaulted ceiling, bright skylights, ample cabinets & counters, breakfast nook, pantry – all appliances included too. The cozy family room is wired for surround sound and has a gas fireplace and a large slider to the deck – perfect for BBQing or entertaining!

The spacious master suite has gorgeous views of the rear yard. You will find an attached 3/4 bath and a walk-in-closet too. Two additional bedrooms upstairs are very spacious. Nicely appointed full bath in the hall. The private 4th bedroom on the lower level has an adjacent 1/2 bath – which works well for guests.

The yard is a nature lovers paradise! Big, entertainment sized deck with built-in seating. The meandering flag stone path leads through the lush yard to a sitting area with a pond and water fall. The large yard is very private with direct access to the English Hill greenbelt and trail network. Attached two car garage with storage shelving.

The English Hill HOA has acres of open space, walking trails & basketball court for your enjoyment. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Complete details on this home can be found at the property website here

SOLD for 18% Above List Price with 21 Offers! Recently Updated Two Story in Redmond on Greenbelt

This Burnstead resale has been recently updated and located in the desirable neighborhood of Coventry on English Hill. The open floorplan boasts 1,670 s.f. and features 3 bedrooms, 2.25 baths on a lush greenbelt lot. The list of recent and extensive updates include: Outside – high quality roof, carriage style garage doors, new windows, trim and front door. Inside – rich hardwood floors, designer tile, new carpet, new white trim and doors, updated kitchen and fully remodeled baths!

The spacious formal living room has a large window overlooking the front gardens. The dining room is a great place to share a meal with friends. Updated kitchen with ample cabinets, solid surface counters and newer appliances included. The adjacent breakfast nook is spacious and has a large pantry closet too. Relaxing family room with brick fireplace and slider to the patio – perfect for BBQing or entertaining. Completely remodeled powder room for your guests.

Generous master bedroom with walk-in closet. The attached bath is drenched in light and has a new double vanity, granite counter, tile floor, new fixtures and oversized tile shower. Two additional bedrooms are spacious. The hall bath has been remodeled with new vanity, granite, new fixtures and a tub with shower above – all finished in tile.

The entertainment-sized patio is a great space to relax. There is ample room for gardening or play. The greenbelt connects to a larger trail system including access to Sunrise Elementary. Laundry room with extra storage area. Attached two car garage with storage possibilities above. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Click here for complete details on this home at the property website

New on Market! Updated two story home in desirable English Hill neighborhood of Redmond and backing to greenbelt

Listed at $800,000

Beautifully maintained and updated home in the desirable neighborhood of Sheffield on English Hill. The gracious floorplan boasts 2,950 s.f. and features 4 bedrooms, 2.5 baths plus den & bonus room. The home is ideally positioned on a 19,831 s.f. lot which backs to the greenbelt! The list of extensive updates includes remodeled kitchen & baths! The formal living room has a bay window overlooking the gardens and a brick – wrapped, gas fireplace. The dining room is a great place to share a meal with friends. Updated kitchen with ample cabinets, granite counters, undermount sink, breakfast bar – newer appliances included! The nook features a window wall overlooking the deck and yard.

Relaxing family room with brick fireplace, built-in shelving & ample windows. The private den has custom built-ins with desk and cabinets. Well appointed powder room for guests. Generous master bedroom with walk-in closet. The attached bath has been remodeled with a double vanity, large soaking tub, and oversized shower – all finished in marble. Three additional bedrooms are spacious. The hall bath has been remodeled with double vanity and tub with shower above – all finished in marble. The bonus room has a built-in murphy bed and desk too!

The entertainment-sized deck is a great space to relax. There are ample garden beds, stone pathways and patios, room for play – all with a lush backdrop. Laundry room with sink and extra storage area – washer & dryer included. Attached three car garage with storage possibilities above and includes a 8 kw natural gas generator. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Click here for complete details on this home at the property website

New Listing – Remodeled Rambler on Sunny Lot in great Redmond Neighborhood of English Hill

Listed for $500,000

Updated rambler on a sunny, south facing lot in Amberley on English Hill. The open floorplan boasts 1,680 s.f. and features 3 bedrooms, 1.75 baths plus on a 8,247 s.f. lot! This home has been carefully maintained and extensively updated – including remodeling the kitchen and baths! Formal living and dining room with vaulted ceiling, gas fireplace and ample windows overlooking the deck and rear yard. Updated kitchen with quartz counters, undermount sink, breakfast bar and newer appliances included! Cozy family room with vaulted ceiling and a slider to the deck – perfect for BBQing or entertaining. Generous master bedroom with vaulter ceiling and walk-in closet. The attached bath has tile counters, updated fixtures, heated tile floor, large skylight and a double shower finished in tile. Two additional bedrooms are spacious and feature laminate floors. The hall bath has been completely remodeled – maple vanity, quartz counter, updated fixtures, tile floor and walls, and a tub with shower above. The entertainment sized deck is a great space to relax. There is ample garden beds, room for play and a fully fenced yard. Laundry room with extra storage cabinets – washer & dryer included. Attached two car garage with storage possibilities above and includes a generator transfer switch. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High. Easy access to the area’s High Tech employers.

Click here for complete details on the home at the property

Just Listed – Impeccably Maintained Home in Desirable Gleneden along West Lake Sammamish

Listed for $850,000

Impeccably maintained home in desirable Gleneden along West Lake Sammamish. Light-filled foyer and rich carpeting welcome you in. Large living room with vaulted ceiling, wood stove and built-in cabinetry. The gracious dining room with vaulted ceilings is a perfect place to share a meal with friends. Fabulous gourmet kitchen with ample maple cabinets, quartz counters, breakfast bar – all appliances included! Adjacent to the kitchen is a large family room with built-in entertainment center which opens to a sunroom. The master suite is a welcome retreat at the end of the day! Spacious sleeping area with “his & her’s” closets. Completely remodeled master bath with oversized shower – finished in maple & marble. Two additional bedrooms upstairs are oversized. You will also find an updated full bath in the hall for your guests. On the lower level you will find… an additional guest bedroom and an updated full bath in the hall. The bonus room has a brick fireplace, built-in entertainment center, a wet bar, and a pool table included too! The large laundry room has ample room for extra storage. The huge workshop space is ready for your next project. Or you can re-imagine this spaces as a man cave, home gym, artist studio, craft room – the possibilities are endless! The yard is stunning! Paver driveway and paths, lush plantings, entertainment sized deck, covered patio, flagstone patio – all with a backdrop of evergreen trees. The home is served by award winning Lake Washington schools. The South Redmond location puts it within close proximity to restaurant and shopping opportunities in Redmond, Bellevue & Issaquah, along with the area’s major technology employers.

For complete details on this home click here

Just Listed – Updated two story home on quiet cul-de-sac backing to greenbelt on English Hill in Redmond

Listed for $575,000

On a quiet cul-de-sac in Coventry on English Hill, sits this Burnstead built, two story home. The gracious floorplan boasts 2,096 s.f. and features 4 bedrooms, 2.25 baths plus on a greenbelt lot! The home has been carefully maintained and extensively updated. You will find rich hardwoods and tile on the main floor, and new carpet upstairs! Formal living room with bay window, built-in bench seat and crown molding. Formal dining room with crown molding and built-in china cabinet. The custom built kitchen features handbuilt ash cabinets with drawers, stone counters, bay window, pantry closet and a full compliment of stainless appliances included. The nook is drenched in light from the bay windows. Cozy family room with a brick wrapped fireplace and gas insert. Updated powder room off the entry. Laundry with storage and front loading washer & dryer. Generous master bedroom with vaulted ceiling, bay window and walk-in closet. The attached bath has a double vanity, double shower and a sunny skylight. Three additional bedrooms upstairs are spacious – one is oversized. The hall bath has been updated with tile floor & tub surround, maple vanity, granite counters and updated fixtures. The entertainment sized patio is a great space to BBQ or relax. There is a lawn for play and room to garden, all with the backdrop of the lush greenbelt. Attached two car garage with storage options. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High. Easy access to the area’s High Tech employers.

Click here for complete details on the home at the property’s website.

For Sale in Redmond – 3 Bedroom, 1.75 Bath, well maintained Rambler on English Hill

Listed for $500,000 – Click here for more details

Backing to a large greenbelt in Coventry on English Hill, sits this Burnstead built, rambler home. The elegant floorplan boasts 1,650 s.f. and features 3 bedrooms, 1.75 baths plus on a 8,071 s.f. lot! The original owner has meticulously maintained and updated this home – including remodeling the kitchen! Formal living room with a large picture windows overlooking the deck and rear yard. Spacious, formal dining room with large slider to the deck – perfect for entertaining or BBQing. Updated kitchen with hardwood floors, ample cabinets, island with gas range, slab granite counters, designer tile backsplash and a full compliment of stainless appliances included. Breakfast nook with bay windows. Cozy family room with built-in bookcase and a brick fireplace with gas insert. Generous master bedroom with walk-in closet. The attached bath has a double vanity, large skylight and a double shower finished in tile. Two additional bedrooms are spacious – each with California Closets. The hall bath is generously sized and includes a soaking tub with shower above. The entertainment sized deck is a great space to relax. There is a lower patio area, ample garden beds and a fully fenced yard – all wrapped in an envelope of green! Attached two car garage with storage possibilities above and includes a generator with a transfer switch. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High. Easy access to the area’s High Tech employers.

SOLD for 4.6% above list price! Job relocation and the desire to be closer to family prompts sale of home in Redmond

If you’re thinking of selling your home in the English Hill area, Tony Meier is the first person you should meet with. As you then meet with other brokers, you’ll quickly realize that no one is as in-touch with the English Hill real estate market as Tony is. Tony recently guided us through the sale of our home and we couldn’t be more pleased. Tony’s thorough knowledge of the English Hill real estate market helped him to recommend the optimal listing price. Sure, other brokers might have recommended a higher listing price, but Tony priced the house at a fair price that attracted a lot of interest and multiple offers. Ultimately, our house sold for $30K over the listing price and at a time of year when the market was beginning to slow for the summer. We have friends who also sold their English Hill home recently. They decided to go with another broker who recommended a top-dollar listing price. The property had very little action until they lowered the asking price to a level very close to what Tony had recommended, after which the house sold. The point is, no one knows the English Hill market better than Tony and he will get you results that you’ll be pleased with.

In addition, Tony’s help through the entire process was invaluable. He helped us to identify what changes needed to be made to ready the home for sale. He was available to meet with us any time we had questions. He even accompanied my wife to a cabinet store in Tukwila to check out some cabinets and counter tops. His recommendations were invaluable. When we were ready to list, Tony prepared marketing materials (photos, videos, flyers, etc.) that presented the home in its best light. He held a neighborhood open house the first Saturday after the home went on the market. As a result of his efforts, offers began pouring in. Tony kept us informed every step of the way. In less than a week, we were meeting with him to review the multiple offers received. Again, Tony’s knowledge and experience were invaluable in reviewing the offers and selecting the winning bid. Tony’s work didn’t stop after offer acceptance. Instead, he shepherded the sale through closing, keeping us informed at every step.

As stated earlier, we couldn’t be more pleased with the results that Tony achieved. We were moving out of state (in fact, I had already started a new job) so it was important that we complete our sale as quickly as possible. No one likes to pay a $40K commission, but Tony really earns his commission! I’m confident that if we had tried to sell the home ourselves or listed with a discount broker, we would not have achieved the results that Tony delivered. Thank you, Tony!

Phil and Wendy Romney – Sold in Redmond – 2015

5 Demands to Make on Your Seattle Area Real Estate Agent

Are you thinking of selling your house? Are you dreading having to deal with strangers walking through the house? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of selling. A great agent is always worth more than the commission they charge just like a great doctor or great accountant.

You want to deal with one of the best agents in your marketplace. To do this, you must be able to distinguish the average agent from the great one.

Here are the top 5 demands to make of your Real Estate Agent when selling your house:

1. Tell the truth about the price

Too many agents just take the listing at any price and then try to the ‘work the seller’ for a price correction later. Demand that the agent prove to you that they have a belief in the price they are suggesting. Make them show you their plan to sell the house at that price – TWICE! Every house in today’s market must be sold two times – first to a buyer and then to the bank.

The second sale may be more difficult than the first. The residential appraisal process has gotten tougher. A recent survey showed that there was a challenge with the appraisal on 24% of all residential real estate transactions. It has become more difficult to get the banks to agree on the contract price. A red flag should be raised if your agent is not discussing this with you at the time of the listing.

2. Understand the timetable with which your family is dealing

You will be moving your family to a new home. Whether the move revolves around the start of a new school year or the start of a new job, you will be trying to put the move to a plan.

This can be very emotionally draining. Demand from your agent an appreciation for the timetables you are setting. You agent cannot pick the exact date of your move, but they should exert any influence they can, to make it work.

3. Remove as many of the challenges as possible

It is imperative that your agent knows how to handle the challenges that will arise. An agent’s ability to negotiate is critical in this market.

Remember: If you have an agent who was weak negotiating with you on the parts of the listing contract that were most important to them and their family (commission, length, etc.), don’t expect them to turn into Super hero when they are negotiating for you and your family with your buyer.

4. Help with the relocation

If you haven’t yet picked your new home, make sure the agent is capable and willing to help you. The coordination of the move is crucial. You don’t want to be without a roof over your head the night of the closing. Likewise, you don’t want to end up paying two housing expenses (whether it is rent or mortgage). You should, in most cases, be able to close on your current home and immediately move into your new residence.

5. Get the house SOLD!

There is a reason you are putting yourself and your family through the process of moving.

You are moving on with your life in some way. The reason is important or you wouldn’t be dealing with the headaches and challenges that come along with selling. Do not allow your agent to forget these motivations. Constantly remind them that selling the house is why you hired them. Make sure that they don’t worry about your feelings more than they worry about your family. If they discover something needs to be done to attain your goal (i.e. price correction, repair, removing clutter), insist they have the courage to inform you.

Good agents know how to deliver good news. Great agents know how to deliver tough news. In today’s market, YOU NEED A GREAT AGENT!

Give us a call at 425-466-1000 for more information.

Should I Rent My Eastside House Instead of Selling It?

A recent study has concluded that 39% of buyers prefer to rent out their last residence rather than sell it when purchasing their next home.

The study cites that many homeowners were able to refinance and “locked in a very low mortgage rate in recent years. That low rate, combined with a strong rental market, means they can charge more in rent than they pay in mortgage each month… so they are going for it.”

This logic makes sense in some cases. Residential real estate is a great investment right now.

However, if you have no desire to actually become an educated investor in this sector, you may be headed for more trouble than you were looking for. Are you ready to be a landlord?

Before renting your home, you should answer the following questions to make sure this is the right course of action for you and your family.

10 Questions to ask BEFORE renting your home

How will you respond if your tenant says they can’t afford to pay the rent this month because of more pressing obligations? (This happens most often during holiday season and back-to-school time when families with children have extra expenses).
Because of the economy, many homeowners cannot make their mortgage payment. What percentage of tenants do you think cannot afford to pay their rent?
Have you interviewed experienced eviction attorneys in case a challenge does arise?
Have you talked to your insurance company about a possible increase in premiums as liability is greater in a non-owner occupied home?
Will you allow pets? Cats? Dogs? How big a dog?
How will you actually collect the rent? By mail? In person?
Repairs are part of being a landlord. Who will take tenant calls when necessary repairs come up?
Do you have a list of craftspeople readily available to handle these repairs?
How often will you do a physical inspection of the property?
Will you alert your current neighbors that you are renting the house?

Bottom Line

Again, renting out residential real estate historically is a great investment. However, it is not without its challenges. Make sure you have decided to rent the house because you want to be an investor, not because you are hoping to get a few extra dollars by postponing a sale.

If you would professional advice regarding this decision, please feel free to contact us.

Parents’ transition to Peter’s Creek Assisted Living prompts sale of Redmond home

Our family has just completed a highly successful sale of my parent’s house under Tony Meier’s expert guidance. I called him on a tight schedule in the middle of a complicated situation. He responded immediately with great competence and compassion.
Tony went out of his way to meet the many deadlines and needs dictated by the health and welfare of my parents. He jumped right into the listing and provided many helpful references. He read the market well and knew the situation in English Hill intimately. Each step went forward as he had predicted and the money from the sale was in my parent’s hands in a matter of weeks.
The whole presentation was beautifully supported on the Internet and through communication with the real estate network.
I would whole-heartedly recommend Tony Meier as the man to call for your real estate needs.

Cheryl Goldenbear for the Richardson Family – Sold in Redmond – 2014

Our family was fortunate to have Tony Meier as our realtor. Tony is energetic, enthusiastic, and experienced. His video and sales information were very appealing and informative. We were selling a home on English Hill, and because Tony lives in the area he was familiar with the local resources and helped us to connect to workers who helped prepare the house for sale. When we had to make an adjustment in our listing date, Tony was understanding and jumped right on board. Perhaps most important, Tony was respectful and patient with our elderly parents throughout the whole process. I would recommend Tony Meier to anyone who wants a personable, efficient, successful realtor.

Diane Richardson for the Richardson Family – Sold in Redmond – 2014

Spacious and entirely updated two story home in the desireable neighborhood of English Hill

Listed for $559,500 – Click here for more details

This 3 bedroom, 2.5 bath, two story home is situated in the quiet neighborhood of Rosewood. The home features rich hardwood floors, wood windows, white molding, and 6 panel doors. The sunken formal living room has a brick wrapped, wood-burning fireplace and sunny windows overlooking the front yard. Generous formal dining room with hardwood floors and windows overlooking the rear yard. The gorgeous Chef’s kitchen has been completely remodeled! Cherry cabinets, slab granite counters, big breakfast bar, gas range with stainless hood and warming shelf, and a full compliment of stainless appliances included. The family room has a decorative brick gas fireplace, large windows, and opens to the deck for entertaining. A tastefully updated powder room for your guests completes the floor. Upstairs, the spacious master has a dormer window and a walk-in closet. The luxurious master bath is fully updated with a new soaking tub, double shower and double vanity, and decorative tile. Two additional bedrooms are oversized. The full bath in the hall has been updated with a tile floor and newer fixtures. Large & private, the rear yard has an entertainment sized deck with gas BBQ connection, lawn for play, ample garden beds and a matching storage shed for all your garden tools or supplies. Outstanding Northshore Schools. Easy access to shopping, job centers and the Woodinville wine district.

Redmond Listing – Cosmetic fixer in quiet cul-de-sac on English Hill – SOLD!

Listed for $475,000 – Click here for more details

Fantastic location in Coventry on English Hill! Nestled back in a quiet cul-de-sac, just a few blocks away from award winning Sunrise Elementary! The home features 3 bedrooms, 2.25 baths and 2,130 square feet. Well maintained, the home is in original condition and is aggressively priced to allow for updating to make this home your very own! Sunken formal living room with wood burning fireplace. Formal dining room with bay windows. Big kitchen with ample cabinets and counter top space, breakfast bar and pantry closet. Attached nook is drenched in light from the window wall. Oversized family room with brick wrapped fireplace and wood stove insert. You will also find a powder room for your guests and laundry room with extra storage cabinets. Upstairs, the master suite has vaulted ceilings, a walk-in closet and an attached full bath with double vanity, soaking tub and separate shower. Two additional bedrooms are spacious. The full bath in the hall is oversized. The second driveway and double gate to the side yard is a perfect place to store a low height trailer or park a spare vehicle.

Redmond Listing – End-unit, beautifully updated townhome in the heart of downtown Redmond – SOLD!

Listed for $480,000 – Click here for more details

Incredible location within Rivertrail! Nestled on a quiet, street and backing to a huge greenbelt, sits this 3 bedroom, 2.5 bath two story. Approximately 1,805 s.f., this home has been meticulously maintained and updated. The home boasts rich hardwood floors, white millwork and slab granite throughout the kitchen and bathrooms. The large living room has soaring ceilings, abundant windows, built-in cabinets and a cozy gas fireplace. Adjacent sitting area with built-in bookcases makes a perfect reading nook. Gourmet kitchen with island features slab granite counters, ample cabinets, under-cabinet lighting, gas range with double oven and a built-in desk area. The generous dining room has abundant windows and a slider to the patio – perfect for entertaining or BBQing. You will also find a nicely appointed powder room on the main floor for your guests. The master bedroom has vaulted ceilings, and abundant closet space. The master bath has a double vanity, soaking tub and an oversized shower. Two additional bedrooms are very spacious and you will find a full bath in the hall. The laundry room has additional storage above. The private rear yard has a relaxing patio, lawn for play and sunny, southern exposure. The Rivertrail neighborhood is adjacent to the Sammamish Rivertrail leading to ample recreational opportunities. Downtown Redmond offers abundant shopping, restaurants, theaters, library, parks, mass transit station and easy access to the area’s major employers.

Difference Between a ‘White Lie’ and Lying

Growing up it seemed ‘white lies’ were okay while lying was a sin. As children, we sometimes had difficulty understanding where the line was. As we matured, we realized there most definitely was a difference.

If a husband or wife asks if it is okay to invite their parents over for dinner, the spouse would probably say ‘sure’ even if it wasn’t 100% the truth. That was a ‘white lie’. If a young boy dresses up as a monster on Halloween and asks his father if he looks ‘really scary’, it was okay for his dad to say ‘YES’! That was a ‘white lie’.

In both cases, the person telling the ‘white lie’ was saying what the other person wanted to hear. In both cases, there was no harm in not telling the 100% truth. In both cases, it was a ‘white lie’. However, if we are not telling the 100% truth in order to save someone’s feelings AND IT HURTS THEM, we are lying.

What does this have to do with real estate?

We believe there are some in the real estate industry more worried about a homeowner’s feelings than they are about telling the truth about the current value of their home. These agents are not necessarily malicious. They just realize they may disappoint a seller at a listing appointment by telling the truth about what the house will sell for. They find it difficult to deliver tough news. To make sellers feel better, they lie.

Good agents can deliver good news. Great agents know how to deliver tough news.

In today’s real estate market, you need an agent that will tell you the truth, even when you don’t want to hear it. You need an agent more worried about your family than they are about your feelings. You need an agent who can get the house sold!

What this means to you?

If you are interviewing potential listing agents, demand they tell you the truth. Don’t hire the agent that tells you what you want to hear. Hire the agent that tells you what you need to know. Reward their honesty.

If you would like a complete picture of the real estate market as it pertains to your needs, please contact us:
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King County Real Estates Price Are Up 9.7% Compared to 1 Year Ago.

Housing activity in Western Washington ranges from “red hot” to “slowly healing”

KIRKLAND, Wash. (May 6, 2014) – Brokers report some skittishness among both buyers and sellers, but the latest statistics from Northwest Multiple Listing Service indicate the housing market is continuing to rebound. Both the number of pending sales and the number of new listings added to inventory during April reached their highest levels in 11 months.

Closed sales of single family homes and condominiums were slightly below the year-ago volume, while the median sales price rose slightly (up about 1.9 percent).

“The residential market is red hot,” reported J. Lennox Scott, chairman and CEO of John L. Scott Real Estate. He said multiple offers are the “norm” for new listings, with about two-thirds of homes near job centers selling in the first 30 days. That’s about twice the normal rate, according to Scott.

Many areas outside the Greater Seattle job centers also show signs of positive activity, but at a more moderate pace.

“The real estate market continues to show positive signs both locally and nationally,” stated John Deely, one of the directors of Northwest MLS.

MLS members reported 9,590 pending sales of single family homes and condominiums during April, about even with the same period a year ago when brokers tallied 9,600 mutually accepted offers. Last month’s total marks the highest level since May 2013 when the MLS reported 10,045 pending sales across its 21-county area.

Improving inventory is helping to boost sales, but MLS officials say the number of distressed sales in some areas, and shortages of the “right kinds” of inventory persist, are causing some drag on activity. Some brokers also expressed concern about the sluggish pace of new construction.

Members added 11,043 new listings to inventory during April, about 700 more than a year ago for a 6.7 percent gain. At month end, there were 21,390 listings system-wide, up nearly 7.9 percent from twelve months ago when active listings totaled 19,826.

“A lot of potential sellers who would like to move up are reluctant to list due to uncertainty that there will be something on the market they would want or be able to purchase,” said Northwest MLS director Diedre Haines. Changes in the new construction segment are also affecting activity, she suggested.

Other brokers had similar comments about current inventory.

“We are still desperate for inventory in spite of statistics indicating we have more listings,” commented MLS director Kathy Estey. Inventory is being held back because potential sellers fear they will sell their home and not find one to move into, said Estey, the managing broker at John L. Scott in Bellevue.

The result is a catch-22 situation “because nearly no one will accept a contingent offer,” according to Estey. Also, she explained, “bridge financing is scarce and risk tolerance is low” as a result of the hangover from the recession.

The imbalance between supply and demand is reflected in the market indicator known as months of supply, a ratio of active listings and sales. Industry experts say a balance occurs (favoring neither buyers nor sellers) with four-to-six months of supply. The National Association of Realtors® tends to use six months of supply as its gauge.

MLS figures show there is slightly less than 3.5 months of supply area-wide, but amounts vary widely around its service area. Eight counties are below the 6-month threshold, including three counties with less than four months of supply: King (1.74 months), Snohomish (2.47) months, and Pierce (3.6 months).
Tight inventory is creating bidding wars in some sought-after neighborhoods, resulting in some price escalation.

The median price on last month’s sales area-wide was $275,000, rising from the year-ago figure of $269,950 for a gain of nearly1.9 percent. Twelve counties reported year-over-year increases. For single family homes the median price was $287,500, up about 2.7 percent from a year ago. The median price for condos that sold last month jumped nearly 8.3 percent from a year ago, rising from $203,000 to $219,750.

In the Puget Sound region, price changes for sales of single family homes and condos were mixed. King County had the sharpest gain at 9.7 percent versus a year ago, followed by Snohomish County, up about 7.6 percent. Prices dipped slightly in Pierce County (down 0.9 percent) and were basically unchanged in Kitsap County (down 0.15 percent).
Deely, the principal managing broker at Coldwell Banker Bain in Seattle, noted a surge of sales of high-end properties in King County. His analysis of year-to-date sales shows the number of closed units is up about 25 percent, rising from 377 for the first four months of 2013 to this year’s total of 473. He cites research by Core Logic that shows a correlation between million dollar homes sales and stock market gains. “We are experiencing that effect here as well,” he remarked.

South Puget Sound seeing impact of distressed properties
Distressed properties are still influencing activity and prices in the South Sound, reported Dick Beeson, principal managing broker at RE/MAX Professionals in Tacoma. According to his analysis of Northwest MLS data, about 30 percent of April’s sales in both Pierce and Thurston counties were distressed properties, either bank owned or short sales. He noted this appears to be more than twice the ratio in King County.

Buyers are indecisive, Beeson noted, explaining, “They can’t decide if they like a bigger selection or not, especially if much of the inventory is not in the greatest physical condition, which describes many distressed properties.”

Despite the relatively high proportion of distressed properties in Pierce and Thurston counties, multiple offers are occurring on “right priced, right conditioned” listings, remarked Beeson.
Commenting on the minor price drop (down 0.15 percent) compared to a year ago, Beeson believes it is due to the high number of bank owned properties and short sales that were in the mix. He indicated his analysis revealed a median price of $240,000 for non-distressed single family homes, or about 30 percent higher than the distressed component. The gaps in King County, with a smaller proportion of distressed sales, were not as pronounced.

Snohomish County hoping for more balanced market
Haines, who is Coldwell Banker Bain’s regional managing broker for Snohomish County, said even though brokers there have seen “a slight increase in active listings, there are still shortages, especially in the south portion of Snohomish County.” Buyers, sellers, and those in the industry “long for a more balanced market,” she stated, adding, “Of course, to reach that goal, we need more inventory.”

Haines said brokers in Snohomish County aren’t seeing as many widespread multiple offers as during some prior periods. “Multiple offers do exist but seem to be located more in pockets within south and north Snohomish County,” she reported.

Opportunities abound in Kitsap County
Most of Kitsap County continues to experience a healthy balanced market with a 4.3 month supply of inventory, said MLS director Frank Wilson. “As a result our prices are stable with plenty of opportunity for buyers who wish to move to Kitsap,” he added.

Wilson also commented on multiple offers in Kitsap County where his office is located. Sales for homes priced from $200,000 to $350,000 are “pretty fast paced,” he commented, often drawing multiple offers. “Bainbridge more closely resembles the Seattle market, with only about a 2.2 month supply, and thus attracts many multiple offer situations,” added Wilson, the district manager and branch managing broker at John L. Scott Real Estate Poulsbo.

Slower pace of new construction and “buyer fatigue” worrying some brokers
In reviewing the latest MLS report, some brokers commented on changes affecting new construction.
“Most of the new construction we are seeing are by big builders who were able to buy up much of the foreclosed approved plats, raw land and new developments that were lost by the smaller builders during the recession,” noted Haines, a broker in Snohomish County. “The smaller plat developers and builders who are trying to recover and rebuild their business are, understandably so, a bit gun shy.”

Also, Haines continued, “We are seeing for the first time the big developers/builders utilizing in-house employees to manage and sell their plats as opposed to the historical practice of listing them through NWMLS by using traditional real estate firms and their brokers.”

Beeson also noted some “problematic” shifts in this segment. “New construction is mostly limited to a few large production builders,” he observed.

Other sources of worry for some MLS members are “buyer fatigue” and consequences of bidding wars.

“We are seeing some “push-back” by buyers who have seen prices rising so fast and are tired of competing in multiple offer situations,” reported Estey. For example, she noted, sellers sometimes set a “review date” for considering offers. Buyers preview the house but may wait to make an offer until that date passes. “In some situations the day to review comes, but offers do not. Then one or two days later, several offers materialize.” This same phenomenon took place late last spring, according to Estey.

In markets where multiple offers are common, “it is even more imperative that sellers demand that their home be exposed to the full market,” Wilson urged. Such full exposure to all MLS brokers and active buyers will help ensure sellers receive full market value, he explained.

Despite some anxiety, Beeson characterized the market as “stable and slowly healing, save new construction.” Despite a shaky start, he said he expects “a smooth real estate ride into 2015, as excitement builds in Pierce County and beyond when the men’s U.S. Open Golf Tournament will take place at Chambers Bay, a public course owned by Pierce County. Organizers project the event will have an economic impact of $144 million.

Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership includes more than 21,000 real estate brokers. The organization, based in Kirkland, Wash., currently serves 21 counties in Washington state.

March 2014 Real Estate Market Update – Northwest MLS brokers report mixed results for March, but suggest “only lack of inventory is holding back sales”

KIRKLAND, Wash. (April 3, 2014) – Northwest Multiple Listing Service brokers reported rising prices on fewer sales during March compared to a year ago, citing inventory shortages as the main reason.

Members of the MLS reported 9,183 pending sales (mutually accepted offers) during the month, about 300 fewer than the same period a year ago for a 3.2 percent drop. Compared to February, pending sales surged 26.7 percent in March, or by 1,936 transactions.

“The only thing holding back sales is the lack of inventory,” said John Deely, a member of the Northwest MLS board of directors. He said one recent listing priced at a fair market value drew more than 40 offers. “The depth of buyer demand appears to have no bottom in the most popular price ranges,” added Deely, the principal managing broker at Coldwell Banker Bain in Seattle.

Closed sales were about the same as twelve months ago – 5,753 completed transactions last month, which compares to the year-ago total of 5,745 closed sales.

The median price on last month’s sales of single family homes and condominiums that sold across the 21 counties in the MLS report increased 6 percent, rising from the year-ago figure of $258,500 to last month’s price of $274,000.

Adequate supply to meet demand is a continuing concern, according to Northwest MLS representatives who commented on the latest numbers. Many industry leaders expect the imbalance to persist.

“Once again we entered the year with a low inventory of homes for sale, and we believe the shortage will persist through this year and into 2015 in price ranges where 90 percent of sales activity is occurring,” said J. Lennox Scott, chairman and CEO of John L. Scott Real Estate.

MLS members added 9,598 new listings to the database during March, slightly more than a year ago when they added 9,332 new listings. While last month’s additions were about 33 percent more than February when 7,234 new listings were tallied, brisk sales meant supply remained low.

At month end, the Northwest MLS reported 19,736 active listings of single family homes and condos across its service area. That’s up about 6.7 percent from twelve months ago.

The MLS said there is about 3.6 months of supply, which is down from the end of February when the service reported about 4.6 months of supply. King County has only about 1.8 months of supply, while Snohomish County was slighter better with 2.2 months of supply.

In general, industry analysts say four-to-six months is the supply needed for a balanced market. “We need a housing supply of over 6 months to have a generally balanced market between home buyers and sellers,” stated Lawrence Yun, chief economist and senior vice president of research at the National Association of Realtors®.

“There are many reasons potential sellers should consider selling now,” said Mike Gain, CEO and president of Berkshire Hathaway HomeServices Northwest Real Estate in Seattle. There is less competition now at the beginning of the spring selling season (usually the busiest time of the year) and interest rates are still very low but will likely rise, he noted.

“Now is a great time for move up sellers/buyers who can sell their home quickly and secure another at today’s prices and today’s lower interest rates,” Gain suggested, emphasizing, “Buying a home today is going to prove to be a smart investment in the long run.”

Commenting on March activity, OB Jacobi, president of Windermere Real Estate, said he expects market conditions of low inventory, strong competition among buyers, steadily rising prices – and rising rents – will continue in the foreseeable future. “Rents are on the rise, and when this happens, there’s often a shift where people get priced out of the rental market and move into home ownership. This leads to more demand for homes and upward pressure on prices,” he stated.

Stiff competition among buyers is creating frequent multiple offer situations, according to Gain. “We have way more people wanting to buy than we have appropriate homes to sell in the right locations and at the right prices,” he remarked, adding, “Our market is literally starving for good inventory in desirable neighborhoods.”

Gain also said there are more first-time buyers than he has seen in many years. “Many are very well qualified for a mortgage and have more than minimum down payments.” As an example, he mentioned a resale townhome listing in West Seattle with an asking price of $439,950. Within a few days of it being listed, it had four offers, all with accelerator clauses. The property sold for $459,950, prompting Gain to say, “It’s heartbreaking to have so many good purchasers and not enough good inventory to satisfy their needs.”

Not all markets in the MLS service area are experiencing the same pressure.

“Despite low inventory and falling market time, our prices are still flat overall in Kitsap County,” said Frank Wilson, Kitsap district manager and branch managing broker at John L. Scott Real Estate Poulsbo.

Wilson noted distressed properties (short sales or bank acquired homes) are still a factor. “Those home owners are now renting and most will not be able to buy again for a few years as they get the credit ding of a short sale or repossession behind them.”

As these sidelined buyers reenter the market, Wilson expects inventory will drop lower and prices will rise. Qualified purchasers who are thinking about buying “should take advantage of the stay of rate increases,” he suggested, referring to statements by Federal Reserve Chairwoman Janet Yellen, who made assurances earlier in the week that the Fed intends to keep interest rates low for now.

Pending sales in Kitsap County were about even with a year ago, while 12 of the 21 counties in the MLS system reported declines.
The condominium component ended on a positive note during March, with pending sales rising nearly 7.9 percent from a year ago. MLS members reported 1,345 pending sales, up from the year-ago total of 1,247.

Closed sales rose 2.4 percent, but prices on those sales jumped 14.7 percent. The median sales price on last month’s condo sales was $220,000, up from twelve months ago when it was $191,750.

Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership includes more than 21,000 real estate brokers. The organization, based in Kirkland, Wash., currently serves 21 counties in Washington state.

Waiting to buy a home? You can no longer afford to do so!

The housing market has turned a corner. Two years of solid appreciation in the Seattle area shows that to be true. In addition, the Federal Government is easing their support for the bond market, so the ability to get a loan at a discounted rate is coming to an end.

Here is the change seen on the Eastside from 2012 to 2013:

What will waiting cost you in 2014?
If we take a conservative look at value and rate increases…

The costs above are for each year of ownership. If you plan to own a home for 5 years or more, the cost of waiting goes up dramatically!

If you want to find out if now is the right time for you to buy a home or move up in the market, feel free to contact me.

Is King County Real Estate Still a Good Investment?

Yes, in fact it is one of the best investments you can make! The graphic above is based upon national numbers, here is what King County looks like:

Residential Median Price in 2000 = $250,000

Residential Median Price in 2013 = $415,000

Total Increase = 66%

As much as my investment adviser would hate for me to tell you this, the Seattle area’s real estate market remains one of the best places to invest your money!

Whether it be purchasing your first home, moving up or buying an investment property, I can help! With 25 years of experience, I will make sure you next real estate move is a profitable one.

Contact me here:

Tony Meier
425-466-1000

Or fill out this form:
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Another Sign the Real Estate Market is in Recovery Mode – Mortgage Delinquencies in U.S. Fall Below 4%

DAILY REAL ESTATE NEWS | THURSDAY, FEBRUARY 13, 2014

Mortgage delinquencies nationwide have plummeted to their lowest level in more than five years, as more home owners are coming out of the red on their payments, according to credit reporting agency TransUnion.

The number of borrowers who are at least two months behind on their mortgage payments dropped to 3.85 percent in the fourth quarter of 2013. A year prior, the delinquency rate stood at 5.08 percent.

Nevertheless, the mortgage delinquency rate is still about twice as high as it was prior to 2007.

“We are on the downward slope of the mortgage delinquency curve, so we expect to continue seeing delinquency rates that have not been seen for several years,” says Steve Chaouki, head of financial services for TransUnion.

Struggling home owners are shoring up their finances as home values and equity rise, the job market improves, and refinancing helps to lower their monthly payments, the survey notes. Plus, “many of the risky home loans made before 2008 that went unpaid are no longer a factor, since the homes have been sold or foreclosed upon,” the Associated Press reports. “Loans issued since then, after banks tightened lending standards, are less likely to go unpaid.”

What’s more, with rising home values, borrowers increasingly are saying that keeping up with their mortgage payments is a priority over other financial obligations — a reversal from the days of the recession, says Chaouki.

The states that posted the largest annual declines in the mortgage delinquency rate were Arizona, California, and Nevada. New York and New Jersey were the only two states that did not post a double-digit percentage drop in their mortgage delinquency rates, according to TransUnion.

Source: “Fewer Americans Fall Behind on Mortgage Payments,” The Associated Press (Feb. 12, 2014)

Rising Prices Chip Away at Housing Affordability

320px-Aerial_Bellevue_Washington_November_2011

DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 12, 2014

Strong year-over-year price gains are starting to take a bite into housing affordability, particularly in the West, according to the National Association of REALTORS®’ latest quarterly report.

The median single-family home price rose in 73 percent of the markets, or 119 out of 164 metro areas, in the fourth quarter of 2013, with 26 percent, or 42 of those metros, posting double-digit gains.

“The vast majority of home owners have seen significant gains in equity over the past two years, which is helping the economy through increased consumer spending,” says Lawrence Yun, NAR’s chief economist. “At the same time, home prices have been rising faster than incomes, while mortgage interest rates are above the record lows of a year ago. This is beginning to hamper housing affordability.”

The national median existing single-family home price in the fourth quarter was $196,900, up 10.1 percent from $178,900 one year earlier.

NAR’s Housing Affordability Index, calculated on the relationship between median home prices, median family incomes, and the average effective mortgage interest rate, dropped to 175.8 in 2013 from a record high of 196.5 in 2012. The higher the index, the stronger household purchasing power is, according to NAR.

Yun says tight inventories have accounted for most of the double-digit price growth. The average supply of homes for sale in the fourth quarter was 4.9 months – an improvement over the 4.8 months a year ago, but still not what most economists consider healthy of a 6 to 6.5 month supply. Yun says that new home activity needs to increase in fast appreciating markets to help relieve the upward pressure on home prices.

“Added housing supply will help moderate price growth this year, and should help to stem erosion in affordability, but mortgage interest rates are projected to rise above 5 percent by the end of the year,” Yun says.

The five priciest housing markets in the fourth quarter were:

San Jose, Calif.: $775,000
San Francisco: $682,400
Honolulu: $670,800
Anaheim-Santa Ana, Calif.: $666,300
San Diego: $476,800

On the other hand, according to NAR’s report, the following metro areas had the best housing affordability conditions in 2013:

1.    Toledo, Ohio
2.    Rockford, Ill.
3.    Decatur, Ill.
4.    Lansing-East Lansing, Mich.
5.    Springfield, Ill.

By REALTOR® Magazine Daily News

NWMLS Report: Broker says Western Washington housing market “definitely in full recovery mode”

KIRKLAND, Wash. (Feb. 5, 2014) – Home sales during January may not have been as super as the Seahawks’ performances, but brokers cite several reasons for optimism during 2014. “We are finally going to be looking at the ‘housing crisis’ in the rear view mirror,” said Mike Gain, CEO and president of Berkshire Hathaway HomeServices Northwest Real Estate. “In 2014 we are definitely in full recovery mode,” he added.

Following the usual pause during the holidays, activity picked up during January when members of Northwest Multiple Listing Service reported 7,044 pending sales, about even with the same month a year ago, and a jump of nearly 35 percent from December’s total of 5,224 mutually accepted offers.

Inventory, while improving, continues to be a source of worry.

“Lots of buyers and not enough of the right inventory to satisfy our buyers’ wants and needs,” was how Gain described current conditions. “Following the worst year for inventory I have seen in my 35 years of practicing real estate locally, we are expecting the number of homes for sale to increase in 2014,” Gain added, emphasizing there is pent up demand and “a very active market is anticipated once the number of listings increases.”

J. Lennox Scott, chairman and CEO of John L. Scott Real Estate agreed. “Available inventory remains tight with shortages or low inventory where 90 percent or more of the sales activity is taking place,” he remarked.

Members added 7,342 new listings to inventory during January, improving on the year-ago total of 7,096. With those additions, the selection increased to 19,195 active listings across the 21 counties served by Northwest MLS. That’s up 6.6 percent from the same period a year ago when there were 18,008 listings.

Thirteen counties have more listings than a year ago, but eight counties are reporting declines in total inventory. “We are literally starving for inventory. We need more homes to sell, especially in the most desirable neighborhoods,” Gain stated.

Area-wide there is about 4.5 months of inventory, an amount at the low end of the 4-to-6 month range most analysts deem to be a balanced market. At this time a year ago, there was about 4.2 months of inventory. The tightest supplies are found in King County (less than 2.5 months) and Snohomish County (3.5 months).

One of the counties with fewer listings is Kitsap, where there is about 5.2 months of supply, down from the year-ago figure of 6.6 months.

Northwest MLS director Frank Wilson, the branch managing broker at John L. Scott in Poulsbo, described overall activity in that market as healthy. “Homes are still coming on the market and buyers are still buying them,” he commented, but noted they are starting to see a bit of stratification on prices.

“Homes that are overpriced are sitting on the market a while, but homes that are priced correctly for today’s market may receive multiple offers,” Wilson explained. Countywide prices are down about 9.4 percent from a year ago. His analysis indicates prices on waterfront listings are lagging, and MLS data indicate prices on condos (a small segment of sales) dropped by double digits compared to a year ago.

Overpriced homes are also a concern in Snohomish County. “Even though we have a nearly 40 percent increase in inventory compared to a year ago, many listings are overpriced, and buyers are not interested in making offers on those properties,” reported Diedre Haines, regional managing broker in Snohomish County for Coldwell Banker Bain.

“We are not yet fully recovered from the recession and sellers need to be realistic in expectations of the value of their homes,” said Haines, a member of the Northwest MLS board of directors.

The most desirable listings in Snohomish County are still receiving multiple offers, Haines noted, while acknowledging activity is “not as frenzied as a year ago,” due in part to lingering doubts about the future of Boeing and other factors. She said new developments are drawing strong interest and traffic. “In some locations reservation agreements are being taken for homes not yet built with many of these developments already getting close to selling out,” she reported.

Home prices area-wide increased nearly 6.6 percent from a year ago, but dipped from December. The median price for last month’s closed sales of single family homes and condominiums was $255,055, rising from the year-ago figure of $239,300. ). In King County, where nearly one of every four closings occurred, the median sales price was $364,875. That represents an increase of 15.8 percent from the year-ago price of $315,000.

Single family prices (excluding condos) increased from $249,200 to $264,995 (up more than 6.3 percent).
Condo prices surged 14.8 percent, from $169,000 a year ago to $194,000 for last month’s sales.

“Years 2012 and 2013 were fantastic recovery years,” said Scott. “We have now experienced two years of positive price appreciation after the five years of market correction,” he added.

MLS director George Moorhead said recent fluctuations in interest rates and upticks in online activity are noteworthy. “We have all seen interest rates go up and down, but I have not seen such an immediate response from buyers,” he remarked. Moorhead, the branch manager at Bentley Properties in Bothell, also reported a 30 percent increase in online activity in the past few weeks.

Gain expects the rebound to be fueled in part by “repeat move-up buyers” and first-time purchasers. “The first time buyer will return to the marketplace in 2014. With the economy improving they will finally be able to move out of their parents’ homes and when comparing renting verses buying, many will choose homeownership,” he stated.

Brokers point to recent reports of the state’s unemployment rate dropping to 6.6 percent, the lowest in five years, as a positive thrust for home sales, but also cited factors that could hamper activity.

“There are always issues surrounding real estate that erode confidence in the market,” Wilson commented, citing uncertainty on flood insurance. “Until Congress takes action to continue the flood insurance subsidy, people buying in flood-prone areas may suffer sticker shock when they see the premium for coverage,” he believes.

Among other factors brokers mentioned as threats to activity are:
— “The volatility of the roller coaster stock market, the new financing and appraisal rules imposed by Dodd/Frank, and fatigue being felt by many buyers who were unsuccessful in purchasing last year.” (Diedre Haines)
— Rising interest rates and tighter lending requirements. Short sales are waning as buyers encounter long timelines and uncertainties. (George Moorhead)

Mike Grady, president and COO of Coldwell Banker Bain, expects activity to continue picking up until May. “Inventory levels are pretty much the same as they were a year ago. Now we’ll have to wait and see if the sellers come out,” he remarked.

Nation’s Largest Home Builder Seeing Strong Sales – Raising Prices

Homebuilder Says It’s Upbeat Enough to Raise Prices Again

DAILY REAL ESTATE NEWS | WEDNESDAY, JANUARY 29, 2014

D.R. Horton, the largest U.S. home builder by homes sold, announced that strong sales will allow the company to raise prices for an early start of the spring home-selling season.

The homebuilder announced a 4 percent increase in sales contracts in the first fiscal quarter ending Dec. 31, and a net income of $123.2 million — its highest since 2006.

“In January, and especially in this last week, our sales have been better than expected,” says Donald Tomnitz, D.R. Horton’s chief executive. “I feel that we’re right on the cusp of a strong spring-selling season.”

In November, the builder had said that if sales signaled a slow start to the spring selling season it would try promotions such as free upgrades and assistance with closing to spur sales. But D.R. Horton says that sales are strong enough that it will mostly forgo incentives and raise home prices in some markets.

The average price of D.R. Horton homes under contract last quarter was $275,600, up 10 percent from last year.

The National Association of Home Builders predicts that new-home sales will increase 40 percent in 2014 over 2013. But any steep rise in mortgage rates and aggressive price increases from builders could derail that, housing analysts and economists warn.

The fact that D.R. Horton has “struck an optimistic chord gives us incremental confidence that the spring-selling season is off to a good start,” says Robert C. Wetenhall Jr., managing director of equity research at RBC Capital Markets.

Source: “D.R. Horton Says Strong Sales Allow It To Raise Prices,” The Wall Street Journal (Jan. 28, 2014)

Northwest Multiple Listing Service Annual Report – Recap of 2013 – A strong year for Real Estate!

Northwest MLS brokers report nearly $25.5 billion in sales for 2013, outgaining prior year in both number of homes sold and dollar volume!
KIRKLAND, Wash. (Jan. 22, 2014) – Members of Northwest Multiple Listing Service reported 75,517 closed sales during 2013, surpassing the 2012 volume by around 11,000 transactions for an increase of nearly 17 percent. Measured by dollars, last year’s sales of single family homes and condominiums were valued at nearly $25.5 billion to outgain the previous year by more than $5.5 billion (up 27.4 percent).

Last year’s completed sales included 65,122 single family homes and 10,395 condominiums, as tallied by nearly 21,000 real estate brokers in the 21 counties that make up the Northwest MLS service area. The total units and dollar volume are the best since 2007 when members registered 82,197 sales valued at $32.3 billion.

The area-wide median price for last year’s sales was $270,000, improving on the previous year’s figure of $245,000 (up 10.2 percent). A comparison by county shows median sales prices ranged from $118,750 in Pacific County to $372,000 in King County.

Prices for single family homes (excluding condominiums) also rose 10.2 percent from 2012, increasing from $255,000 to $281,000. Condo prices jumped 15.3 percent, rising from the 2012 figure of $175,200 to last year’s median price of $202,000.

By one measure, buyers who shopped during 2013 had a bigger selection as members added more than 104,000 listings to inventory during the year. That was an improvement over 2012 when members added 91,359 new listings. However, brisk sales meant the total number of active listings, which averaged 21,946 during 2013, fell below the previous year’s average of 24,604.

During 2013, the area-wide supply, as measured by months of inventory, ranged from a low of 1.95 in March to 3.68 in December. Industry watchers tend to use a 4-to-6 month range as an indicator of a balanced market, favoring neither buyers nor sellers. Supply tended to be tightest in King and Snohomish counties.

Further evidence of a housing recovery is reflected in high-end sales. Northwest MLS members reported 1,621 sales of single family homes priced at $1 million or more, up 45.2 percent from the 2012 total of 1,116 such sales. Condos priced at $1 million and up accounted for another 137 sales, about the same number as 2012 (138 sales).

The highest-priced single family home that sold during 2012 by a member of Northwest MLS was a property in Medina that fetched $9.75 million. A penthouse in downtown Seattle that sold for $6.2 million topped the condo list.

Among other highlights in its annual compilation of statistics, Northwest Multiple Listing Service reported:

– Single family homes accounted for 86 percent of last year’s residential sales.

– Nearly half (49 percent) of last year’s single family home sales were 3-bedroom homes. More than three-fourths (77 percent) of condos that sold had 2 bedrooms.

– The median price for a 3-bedroom home that sold in 2013 was $250,000. A comparison by county shows the median price for this size home ranged from $128,000 in Pacific County to $450,000 in San Juan County.

– Of the condo sales, about two-thirds (64.1 percent) were located in King County. Within that county, the Eastside edged out Seattle for the largest share (39.7 percent versus 37 percent).

– Last year’s sales included 8,298 newly built single family homes that sold for a median price of $325,000, and 846 condos that sold for a median price of $350,214.

– A 10-year comparison of median prices of single family homes shows prices peaked in most counties in 2007. In 2013, Grant County selling prices returned to 2007 levels, Okanogan prices were at 96.7 percent of 2007 prices, and King County prices were at 91.2 percent of 2007 prices. Other counties have not yet reached those levels, but most are experiencing steady gains.

– Prices vary widely among school districts. An analysis of some of the largest districts in the MLS market area shows single family homes on Mercer Island have the highest prices, followed by homes in the Bellevue, Issaquah, Lake Washington and Bainbridge school districts.

In addition to summarizing sales and listing activity, Northwest MLS also reported enhancements to several services for its members, including more capacity for displaying photos with each listing, additional fields to describe amenities (including “green” features), added apps for mobile devices, and a revamped member website with expanded functionality.

Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership includes more than 20,000 real estate brokers. The organization, based in Kirkland, Wash., currently serves 21 counties in Washington state.

Redmond Listing – Two story home on shy acre lot in Mount Clare Woods on English Hill – SOLD!

13704 180th Ave NE, Redmond – $499,000

Charming two story home in Mount Clare Woods on English Hill. The open floorplan features 3 bedrooms, 2.5 baths, 1,810 s.f. on a park like, shy acre lot! Recent updates include – new carpets on the main floor & fresh paint. Formal living room with soaring, cathedral ceiling & new windows overlooking the front yard. Spacious dining room with serene garden views. Generously sized kitchen features abundant oak cabinets, solid surface counters, breakfast bar, pantry closet and newer appliances included too! The family room has a cozy brick fireplace, large windows and a slider to the deck – perfect for BBQing or entertaining. Nice powder room on the main floor for your guests. The large master suite has beautiful views of the tree lined rear yard. The spacious master bath has a double vanity, new fixtures, sunny skylight, tiled shower over tub and an attached walk-in-closet. Two additional bedrooms are good sized. The full bath in the hall has double vanities and new fixtures. The laundry room has storage possibilities, washer & dryer included. Entertainment sized deck with built-in seating overlooks the expansive and private rear yard. The 39,197 s.f. lot provides plenty of room to exercise your imagination – garden beds, play spaces or enlarge the home – you have room to do it here! The home is graciously set back from the street giving it a very private and park-like appeal. Attached two car garage with storage possibilities in the attic above. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High! Easy access to Microsoft, freeways, shopping, public transportation, Woodinville and Kirkland.

Tony Meier
Making Real Estate Easy, Fun & Profitable!
Serving Buyers, Sellers & Their Referrals Since 1989
Windermere Real Estate/NE
EastsideHomes.com – Seattle’s Eastside Real Estate Resource

Redmond Listing – High quality, remodeled home in Olde Morrison Place on English Hill – SOLD!

Redmond – English Hill – $542,500

High quality, remodeled home in Olde Morrison Place on English Hill. The well laid out floorplan boasts 2,400 s.f. and features 3 bedrooms, 2.25 baths on a private lot! Many recent updates include – remodeled kitchen and baths, newer carpets, white molding and doors! Sunken formal living room with bay windows and vaulted ceiling. Formal dining room with coffered ceiling, wood floors and ample windows. Totally updated kitchen with skylights, pantry, attached nook and features cherry cabinets, slab granite counters & stainless appliances included! Relaxing family room with gas fireplace, built-in surround sound and French doors to deck. Remodeled powder room with granite counter and upgraded fixtures. Private main floor office area. Huge master suite with walk-in-closet. The master bath has been totally remodeled with tile floors, double vanity with corian counters, and luxurious oversized tile shower. Two additional bedrooms upstairs are very spacious. The large, full bath in the hall has been updated with new fixtures, flooring, tub and tile surround. Oversized laundry room with storage – washer & dryer included! Big, entertainment sized Trex deck and stamped concrete patio are great for relaxing or soaking up the sun! Fully fenced yard, Tuff shed, lawn for play and ample garden beds too. Attached two car garage with storage loft and attic storage. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Redmond Listing – Two story home on quiet cul-de-sac, backing to greenbelt in Sunrise on English Hill – SOLD!

Redmond Listing – Sunrise on English Hill – $450,000

Fantastic two story home in Sunrise on English Hill. The flowing floorplan features 4 bedrooms, 2.25 baths, 1,950 s.f. on a cul-de-sac lot backing to the greenbelt. New carpets and fresh paint welcomes you in! Formal living room with fireplace & big windows overlooking the front yard. Formal dining room with serene greenbelt views. Well designed kitchen features a scenic greenhouse window, generous oak cabinets, solid surface counters, pantry closet and newer appliances included too! The eating nook has a French door to the deck – perfect for entertaining or BBQing. The family room has a fireplace & large windows. Powder room located on the main floor for your guests. The spacious master suite has beautiful views of the tree lined rear yard and “his & her’s” closets too. The master bath has been updated with a new shower and floor. Three additional bedrooms are spacious and there’s a full bath in the hall too! The laundry room has storage possibilities, washer & dryer included. Huge, entertainment sized deck with built-in seating overlooks the private rear yard and greenbelt. There is room for play and gardening in the rear. The lush front garden beds are a gardeners delight with year round enjoyment! Attached two car garage with storage possibilities in the attic above. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High! Easy access to Microsoft, freeways, shopping, public transportation, Woodinville and Kirkland.

Redmond Listing – Updated 3 bedroom, 2.5 bath, two story on a private and sunny corner lot in Glenterra on English Hill – SOLD!

Redmond – Glenterra on English Hill – $435,000

Wonderful two story home in Glenterra on English Hill. The well designed floorplan features 3 bedrooms, 2.5 baths, 1560 s.f. on a sunny, west facing 8,674 s.f. lot. Recent updates include – high quality roof, on-demand water heater, white millwork and doors along with easy care laminate floors on the main level. The formal living room has large windows overlooking the front yard and a cozy fireplace. The formal dining room has a coffered ceiling and a sunny window. The well designed kitchen features generous oak cabinets, solid surface counters, newer appliances, breakfast bar and a slider to the rear deck – perfect for entertaining or BBQing. Off the kitchen is a cozy family room too. The oversized master has “his & her’s” closets, a full bath attached and serene garden views. Two additional bedroom upstairs are spacious and you will find a full bath in the hall for your guests. The large, entertainment sized deck has built-in benches and is a great spot to relax in the sun. The private, fully fenced yard has lush plantings, ample garden beds and a child’s play structure. Attached two car garage with storage above. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High. Easy access to Microsoft, freeways, shopping, Redmond and Woodinville!

SOLD! Redmond Home For Sale – 4 bdrm, 2.25 bth plus a den, 2970 s.f., on a shy acre in Mount Clare Estates on English Hill

Mount Clare Estates – Priced at $575,000

Fantastic two story on private lot in sought after Mount Clare Estates on English Hill. The gracious floor plan features 4 bedrooms, 2.25 baths, 2,970 s.f. with den. New carpet throughout and refinished hardwoods on the main floor. Sunken formal living room with vaulted ceiling and a gas fireplace. Formal dining room with French doors to deck. Large kitchen with ample cabinets, tile counters, island with gas cooktop, double convection oven, built-in desk, pantry closet, garden window and hardwood floors. The attached nook has French doors to the deck – perfect for BBQing or entertaining! Spacious family room with wet bar, cozy fireplace and built-in cabinetry. Powder room on the main floor for your guests. Huge master suite with wood burning fireplace. The master bath has hardwoods floors, tile vanity and a oversized tile shower. You will find a private den off the master with hardwood floors, sunny skylights and big window. There’s a huge walk-in closet too! Three additional bedrooms are quite spacious. The full bath has a double vanity with tile counter, hardwood floors and a shower over the tub with tile surround. The 35,002 s.f. lot is like your own private park with ample gardens and lawn for play. The new, entertainment sized deck is west facing and drenched with light! Three car attached garage, storage shed and fenced area for boat or small RV parking. Outstanding Northshore schools. Fantastic location with easy access to Microsoft, AT&T, freeways, shopping, downtown Redmond and Woodinville!

Tony Meier
Making Real Estate Easy, Fun & Profitable!
Serving Buyers, Sellers & Their Referrals Since 1989
Windermere Real Estate/NE
EastsideHomes.com – Seattle’s Eastside Real Estate Resource

SOLD! Redmond Home For Sale – Completely remodeled 4 bedroom two story in Sunrise on English Hill

13804 174th Pl NE, Redmond – $435,000

Completely updated home in Sunrise on English Hill. The flowing floorplan features 4 bedrooms, 2.25 baths, 2170 s.f. on a sunny 6,905 corner lot. Recent updates include: high quality roof, vinyl windows, Brazilian hardwood floors, quality carpeting, white millwork & doors, remodeled kitchen and baths! Formal living room with fireplace & big windows overlooking the front yard. Formal dining room with serene views. Well designed kitchen features generous maple cabinets, silestone counters, stainless appliances including a double convection oven, pantry cabinet & closet! The eating nook has a French door to the deck – perfect for entertaining or BBQing. The family room has a fireplace, skylights & large windows. The powder room has been updated with new fixtures, vanity & granite counter. The spacious master suite has beautiful views of the tree lined rear yard and “his & her’s” closets too. The master bath has been updated with new fixtures, vanity, granite counter & tile floor. Three additional bedrooms are spacious. The update full bath has new fixtures, vanity, granite counter & tile floor. The laundry room has storage cabinets – washer & dryer included. Off the garage is separate finished room for hobbies or child’s play space. Entertainment sized deck overlooks the private rear yard. Large front lawn with sprinklers and ample, south facing beds will satisfy any gardener. Attached two car garage with storage possibilities in the attic above. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High!

Tony Meier
Making Real Estate Easy, Fun & Profitable!
Serving Buyers, Sellers & Their Referrals Since 1989
Windermere Real Estate/NE
EastsideHomes.com – Seattle’s Eastside Real Estate Resource

SOLD! Redmond Home For Sale! Great 4 bedroom, 3.5 bath two story home with lots of updates in Rosewood on English Hill.

Rosewood on English Hill in Redmond $465,000
View the property website here:

17112 NE 131st Pl, Redmond

Wonderfully updated home in Rosewood on English Hill. The light filled 2480 s.f. floorplan features 4 bedrooms, 3.5 baths on a sunny, 9,230 s.f. lot. The home has a very elegant feel with abundant hardwood floors, chair rail and crown molding! The gracious two story entry welcomes you in. Formal living room with big windows and cozy fireplace. Formal dining room overlooks the rear yard. Updated kitchen with breakfast bar, ample cherry cabinets, solid surface counters and newer appliances included! The nook and family room are filled with light and have a cozy brick fireplace. Updated powder room on the main floor for your guests. The huge master suite is your own private retreat! Vaulted ceilings, hardwood floors, sitting area and a walk-in-closet too! The sumptuous master bath has a steam shower, heated towel rack, large double vanity and a jetted tub – all finished in granite and ceramic tile. Three additional bedrooms are very spacious, one is bonus room sized… with vaulted ceilings and ceiling fans. There are two full baths in the hall – finish in tile! Big, entertainment sized flag stone patio overlooks the private rear yard. Large lawn provides room for play or soaking up the sun! Ample garden beds & lush plantings will satisfy any gardener. The lot backs to greenbelt which makes it feel very large and provides added privacy. Attached two car garage with storage area accessible to the rear yard. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

More news that the Western Washington Real Estate Market has changed!

From the Northwest Multiple Listing Service:

FOR IMMEDIATE RELEASE: March 5, 2012

Washington homebuyers realizing “market may have reached bottom of cycle”

KIRKLAND, Wash. (March 5, 2012) – With spring on the horizon and consumer confidence on the rise, members of Northwest Multiple Listing Service are reporting positive gains in activity. Pending sales for February increased more than 27 percent from a year ago, more sellers are listing their homes, and brokers are reporting an uptick in multiple offers.

“Buyers are beginning to realize that we may have seen the bottom of this real estate market,” remarked Frank Wilson, branch managing broker at John L. Scott Real Estate in Poulsbo and a member of the Northwest MLS board of directors. “Waiting to buy may only result in paying a higher interest rate, having fewer houses to choose from, or finding that sellers do not need to give up as much as they have in the past,” he added.

Brokers reported 7,623 pending sales during February, the highest volume since August when they notched 7,632 mutually accepted offers. Last month’s tally jumped 27.4 percent from twelve months ago, with 20 of the 21 counties in the MLS service area reporting double-digit gains.

Within King County, pending sales were particularly robust in the Lake Forest Park/Kenmore neighborhoods (up 73 percent), Kent (up 61 percent), Burien/Normandy Park (up 58 percent) and central Seattle (up 56 percent). The northeast portion of Snohomish County also experienced strong sales (up 63 percent from a year ago).

“The only thing tempering this from being a hot, thriving market are the short sales and foreclosed properties which represent about one-third of the transactions,” Wilson commented.

J. Lennox Scott, CEO and chairman of John L. Scott Real Estate, said the combination of job growth and historic low interest rates is creating a seller’s market through the mid-price ranges and contributing to surging activity close to job centers. “It’s a special moment in time in real estate history,” he observed, adding “We have a backlog of qualified buyers looking for homes to purchase.”

Buyers have fewer homes to consider compared to a year ago, with inventory down 22.5 percent area-wide. At month end, there were 25,510 active listings in the Northwest MLS database; a year ago, there were 32,922 homes and condos listed for sale.
The selection compared to twelve months ago is down sharply in both King County (off 32.3 percent) and Snohomish County (down 38.2 percent). Measured by months of supply, Snohomish has about 2.1 months while King is slightly better at 2.3 months. (Five to six months of supply is considered to be a balanced market, with less than that presumed to be a seller’s market.)

Northwest MLS brokers added 7,390 new listings to inventory during February, about 400 fewer than the same month a year ago.

Asking prices are comparable to a year ago. System-wide, the median asking price for the current inventory of single family homes and condominiums is $249,900, about $5,000 below the year-ago median figure of $254,950 (down 1.98 percent). Six counties (Ferry, Grant, King, Mason, Snohomish, and Whatcom) reported higher median listing prices in February than 12 months ago.

Northwest MLS members reported 3,846 closed sales last month, up about 25 percent from the year-ago total of 3,080 completed transactions.

Selling prices continued to slip, but the decline was under 9 percent for the first time in nearly a year. The area-wide median price for last month’s closed sales of single family homes and condominiums (combined) was $218,944, down about 8.8 percent from the year-ago figure of $240,000.

For single family homes only (excluding condominiums), prices were down about 7.7 percent from a year ago. Last month’s closed sales fetched a median sales price of $229,000, which compares to the year-ago price of $248,000. Five counties (Clallam Ferry, Grant, Lewis and San Juan) reported year-over-year price increases.

Commenting on the market around Kitsap County, where prices dipped nearly 11 percent, Wilson said he expects prices to “stabilize and even reverse as we move further into 2012.” With 4.3 months of supply in that county, he believes the market is tilting toward sellers. “We continue to see more multiple offer situations on homes that come on the market correctly priced,” he stated.

Wilson also pointed to recently released consumer confidence numbers as a positive indicator. He noted The Conference Board Consumer Confidence Index posted sizeable improvements in February, approaching levels last seen a year ago.

In a statement accompanying the latest report, Lynn Franco, director of The Conference Board Consumer Research Center, said consumers were more optimistic about the short-term outlook than they were a month ago. “Consumers are considerably less pessimistic about current business and labor market conditions than they were in January. And, despite further increases in gas prices, they are more optimistic about the short-term outlook for the economy, job prospects, and their financial situation,” she declared.

Nationally, the overall direction for the housing market is positive, according to analysts with the National Association of Realtors (NAR). Its latest figures show the past few months of contract activity are the highest in more than four years outside of the home buyer tax credit impact. In comments accompanying the latest figures, NAR suggested the market isn’t as strong as it could be because of overly restrictive lending standards and contract cancellations due in part to appraised values coming in below a negotiated price.

Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership includes more than 22,000 real estate brokers. The organization, based in Kirkland, Wash., currently serves 21 counties in Washington state.

Statistical Summary by Counties: Market Activity Summary – Feb. 2011

Single Family Homes + Condos	LISTINGS		PENDING SALES	CLOSED SALES
Single Family Homes + Condos	New Listings	Total Active	# Pending Sales	# Closings	Avg. Price	Median Price
King	2832	7048	3123	1574	$340,826	$275,000
Snohomish	1126	2925	1391	698	$236,694	$220,000
Pierce	1152	4018	1234	636	$193,209	$169,450
Kitsap	368	1397	321	170	$265,910	$225,400
Mason	119	601	63	36	$134,536	$95,800
Skagit	147	799	153	64	$193,386	$169,000
Grays Harbor	125	701	100	41	$117,875	$108,000
Lewis	95	620	74	37	$126,450	$113,000
Cowlitz	100	476	78	36	$136,528	$142,400
Grant	98	481	65	30	$184,930	$171,750
Thurston	353	1307	345	154	$225,913	$211,500
San Juan	36	341	17	10	$656,300	$443,500
Island	131	735	108	53	$228,611	$220,000
Kittitas	54	389	43	26	$177,514	$157,450
Jefferson	62	425	35	25	$227,343	$203,500
Okanogan	26	318	25	13	$160,335	$140,000
Whatcom	265	1232	250	128	$235,645	$218,750
Clark	52	237	56	17	$149,833	$133,000
Pacific	52	337	32	12	$129,124	$92,500
Ferry	3	58	0	2	$70,500	$70,500
Clallam	64	364	31	27	$195,993	$184,000
Others	130	701	79	57	$184,417	$165,000
MLS TOTAL	7,390	25,510	7,623	3,846	$265,993	$218,944

4-County Puget Sound Region Pending Sales (SFH + Condo combined) (Totals include King, Snohomish, Pierce & Kitsap counties)

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2000	3706	4778	5903	5116	5490	5079	4928	5432	4569	4675	4126	3166
2001	4334	5056	5722	5399	5631	5568	5434	5544	4040	4387	4155	3430
2002	4293	4735	5569	5436	6131	5212	5525	6215	5394	5777	4966	4153
2003	4746	5290	6889	6837	7148	7202	7673	7135	6698	6552	4904	4454
2004	4521	6284	8073	7910	7888	8186	7583	7464	6984	6761	6228	5195
2005	5426	6833	8801	8420	8610	8896	8207	8784	7561	7157	6188	4837
2006	5275	6032	8174	7651	8411	8094	7121	7692	6216	6403	5292	4346
2007	4869	6239	7192	6974	7311	6876	6371	5580	4153	4447	3896	2975
2008	3291	4167	4520	4624	4526	4765	4580	4584	4445	3346	2841	2432
2009	3250	3407	4262	5372	5498	5963	5551	5764	5825	5702	3829	3440
2010	4381	5211	6821	7368	4058	4239	4306	4520	4350	4376	3938	3474
2011	4272	4767	6049	5732	5963	5868	5657	5944	5299	5384	4814	4197
2012	4921	6069

SOLD! Redmond Home For Sale – Remodeled Home in Sunrise on English Hill in Redmond

17401 NE 138th St, Redmond – Listed for $449,000

Remodeled home in Sunrise on English Hill. The light filled floorplan features 2520 s.f., 4 bedrooms, 2.75 baths, plus a den on a sunny 9,485 s.f corner lot with southern exposure in the back yard! Many recent updates throughout the home include – remodeled kitchen & baths including new maple cabinets & slab granite counters, vinyl windows, carpet, paint, white millwork & six panel doors! Formal living room with vaulted ceiling, fireplace & slider to the sunny deck. Formal dining room with garden views! Big kitchen with vaulted ceiling, hardwood floors, ample maple cabinets, granite counters & stainless appliances – attached breakfast nook & pantry too! The oversized family room has a fireplace and a slider to the stamped concrete patio. Adjacent to the family room is a large, private den with double closets (could be great for guests) and a remodeled full bath. The spacious master suite overlooks the rear yard and has a remodeled 3/4 bath. Three additional bedrooms upstairs are very spacious. The full bath in the hall has also been updated! Laundry room with extra storage – washer & dryer included! The entertainment sized, ironwood deck overlooks the private, south facing rear yard. There is a lawn for play, garden beds and a clearing ready for a child’s play structure. There’s a large storage shed too! Attached two car garage. The English Hill HOA has several acres of open space, walking trails & basketball court for your enjoyment. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Required Washington State School Funding – A Victory for our Children!

Repost of a Press Release from http://www.waschoolexcellence.org/

Full text of the Washington State Supreme Court Decision on Jan 5th 2012 can be found here:

Education in the New: Washington Supreme Court Decision

In a clear win for children, the Washington State Supreme Court ruled unanimously today that the state was violating its constitutional paramount duty to amply fund K-12 education. This is a historic victory, and starting today we have a new conversation. No longer are we going to petition over loss of school days or access to all-day kindergarten. Starting today, the cuts stop and funding starts. Starting today, our top priority – a basic education that prepares all kids for college and career — is also the state’s top priority.

Starting today the legislature’s job just got a lot harder.

The high court’s decision validates all of the work Washington State PTA members put into the passage of ESHB 2261 in 2009 and SHB 2776 in 2010, and with our work this past year to protect all-day kindergarten, highly capable funding and an intact school year.

This decision sets the stage for the next step – finding a stable, adequate source of revenue to meet the needs of schoolchildren. THE RULING

Not only did the high court point out that ample funding is “considerably more than just adequate,” the court ruled the state was consistently giving districts less money than actual costs. It identified ESHB 2261 as a “promising” reform package that if fully funded would remedy deficiencies in the K-12 funding system.

It reiterated, “Ample funding for basic education must be accomplished by means of regular and dependable tax sources.”

Finally, the court said it would stay engaged to help facilitate progress in the state’s plan to fully fund basic education by 2018. THE PLAN

ESHB 2261 defines a basic education as “the opportunity for students to develop the knowledge and skills necessary to meet graduation requirements, intended to allow them the opportunity to graduate with a meaningful high school diploma that prepares them for postsecondary education, gainful employment, and citizenship.” It requires the state to fund:

180 full days, grades 1-12
180 half days for kindergartners, to be increased to 180 full days
1,000 instructional hours in grades 1-12, to be increased to 1,080 hours in grades 7-12
450 instructional hours in kindergarten, to be increased to 1,000 hours
Opportunity for students to complete 24 credits for high school graduation
Enhanced funding for Learning Assistance Program, Transitional Bilingual Instruction Program, Highly Capable Program and special education for students with disabilities
17 to 1 class size ratio in grades K-3

SO, STARTING TODAY, NO MORE DELAYS.

We have children to educate and we have a new definition of basic education to roll out. Washington State PTA is part of Network for Excellence for Washington School (NEWS) and was party to this lawsuit. You can learn more about NEWS and its 382 member groups at http://www.waschoolexcellence.org/

SOLD! Redmond Home For Sale – Updated Tri-level home on a quiet cul-de-sac in Amberley on English Hill!

13723 175th Ct NE, Redmond WA 98052 – $419,950

Fantastic tri-level home in Amberley on English Hill. The light filled floorplan features 2165 s.f.*, 4 bedrooms, 2.5 baths, plus a den on a quiet 8,607 s.f cul-de-sac lot with southern exposure in the back yard! Many recent updates throughout the home including white millwork & six panel doors! Formal living room with vaulted ceiling, gas fireplace & big windows overlooking the front yard. Formal dining room with vaulted ceiling and a slider to the upper deck – perfect for BBQing or entertaining! Big kitchen with granite counters, stainless & black appliances, gas range, an attached breakfast nook & pantry too. The cozy family room has a gas fireplace and a slider to the lower deck. Adjacent to the family room is a large & private den with vaulted ceiling. The spacious master suite has an attached 3/4 bath and a walk-in-closet too. Two additional bedrooms upstairs are very spacious. The full bath in the hall has been nicely updated. The private 4th bedroom on the lower level has an adjacent 3/4 bath – which works well for guests! The entertainment sized, two tiered deck overlooks the private, south facing rear yard. There is a lawn for play and planting bed to satisfy any gardener. The home includes a hot tub and a large storage shed too! Attached two car garage. The English Hill HOA has several acres of open space, walking trails & basketball court for your enjoyment. Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Sold in 7 days! 14150 176th Ave NE, Redmond – Coventry on English Hill – $410,000

14150 176th Ave NE, Redmond – Coventry on English Hill – $410,000
http://EnglishHillHome.net

Amazing value on English Hill! Owner has priced this property to sell! Nestled in a quiet cul-de-sac in Coventry on English Hill, sits this charming Burnstead built, two story home. The gracious floorplan boasts 2010 s.f. and features 3 bedrooms, 2.25 baths on a very private 10,760 s.f. lot! Many recent updates include high quality roof, white 6 panel doors and trim. Gracious formal living room with coffered ceiling and big window overlooking front yard. Spacious formal dining room with garden outlook. Updated kitchen with hardwood floors, solid surface counters, island, white cabinets and appliances too! Sunny nook with wall of window overlooking rear yard. Relaxing family room with brick fireplace with gas logs and slider to rear patio and yard. Updated powder room on main. Wonderful master suite with walk-in closet, large double vanity with skylight above & double shower. Two additional bedrooms upstairs are very spacious and you'll find a full bath in the hall. The very private and large rear yard features an entertainment sized patio, child's play area and plenty of room for gardening, relaxing or a game of catch! Attached two car garage. Large storage area in attic too! Outstanding Northshore schools – Sunrise Elementary, Timbercrest Jr High & Woodinville High.

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle's Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Residential

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind:

1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to know how things break down in a specific price range for an area, send me an email at tony@eastsidehomes.com

2. These numbers are a result of the sales activity over the last 7 weeks when comparing the number of active listing vs. the number of pending sales to determine what the market absorption rate is for a particular area.

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Most areas showed improvement over the last 4 weeks. Those that didn’t improve remained largely flat. Hopefully this trend will increase as we continue with the spring selling season.

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 31.9 weeks of inventory (was 43.4 four weeks ago)

Residential Only, NWMLS Area 510 (Mercer Island) = 62 weeks of inventory (was 75.3 four weeks ago)

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 42.4 weeks of inventory (was 50.2 four weeks ago)

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 28.8 weeks of inventory (was 31.3 four weeks ago)

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 43 weeks of inventory (was 42.8 four weeks ago)

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 33.7 weeks of inventory (was 35.1 four weeks ago)

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 48.4 weeks of inventory (was 47.2 four weeks ago)

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 29.2 weeks of inventory (was 35.7 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Union Hill Listing – 3130 asf. Redmond Two Story with Basement on Private, Shy Acre Lot

Redmond Listing
By: Tony Meier

Union Hill Home in Redmond – $575,000

6501 229th Ave NE, Redmond

Nestled at the end of a private drive, sits this charming two story with daylight basement home. The gracious floorplan boasts 3130 s.f. and features 3 bedrooms, 3.5 baths with den & bonus on a private, west facing 40,510 s.f. lot! Recent updates include roof, exterior & interior paint. Sunken formal living room with built in shelves. Great room style kitchen, dining and family room. The updated kitchen has vaulted ceilings, skylight, new counters, gas range, built-in desk & breakfast bar. Formal dining room with hardwood floors. The family room has vaulted ceilings, a gas fireplace and French door opening to huge entertainment sized deck overlooking rear yard. Powder room on main. Wonderful main floor master suite with walk-in-closet, new tile counters on vanity, shower & jetted tub. Two bedrooms & full bath upstairs. On the lower level… Spacious den with new floor. Huge bonus room with small kitchen and adjacent room with a closet – a full bath in the hall too!. The bonus room has a slider to the rear yard. The huge, west facing deck overlooks the private rear yard and is plumbed for gas BBQ – excellent for entertaining, relaxing or soaking up the sun! Lush trees & water feature make for a serene setting! Attached two car garage with storage possibilities above. Laundry room with sink and extra storage. Outstanding Lake Washington schools – Dickinson Elementary, Evergreen Jr High & Eastlake High.

If you have any questions about this home, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle's Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Residential

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

All areas showed some improvement as compared to 4 weeks ago, except area 560 which slipped a little further into a buyer’s market. Area 560 showed an increase in listings and a decrease in average sales per week.

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 42.3 weeks of inventory (was 42.6 four weeks ago)

Residential Only, NWMLS Area 510 (Mercer Island) = 76.9 weeks of inventory (was 97.5 four weeks ago)

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 49.8 weeks of inventory (was 68.8 four weeks ago)

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 32.1 weeks of inventory (was 32.9 four weeks ago)

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 39.9 weeks of inventory (was 42.3 four weeks ago)

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 36.4 weeks of inventory (was 45.5 four weeks ago)

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 48.9 weeks of inventory (was 39.1 four weeks ago)

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 40.1 weeks of inventory (was 45.1 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Condos

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Condo Only, NWMLS Area 500 (Bellevue, South of I-90) = 63.6 weeks of inventory

Condo Only, NWMLS Area 510 (Mercer Island) = 38 weeks of inventory

Condo Only, NWMLS Area 520 (Bellevue, West of 405) = 84.9 weeks of inventory

Condo Only, NWMLS Area 530 (Bellevue, East of 405) = 34.6 weeks of inventory

Condo Only, NWMLS Area 540 (East of Lake Sammamish) = 38.4 weeks of inventory

Condo Only, NWMLS Area 550 (Redmond/Carnation) = 18.2 weeks of inventory

Condo Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 54.7 weeks of inventory

Condo Only, NWMLS Area 600 (Juanita/Woodinville) = 47.4 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market – Eastside Condos

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Condo Only, NWMLS Area 500 (Bellevue, South of I-90) = 47.8 weeks of inventory

Condo Only, NWMLS Area 510 (Mercer Island) = 50.8 weeks of inventory

Condo Only, NWMLS Area 520 (Bellevue, West of 405) = 45.2 weeks of inventory

Condo Only, NWMLS Area 530 (Bellevue, East of 405) = 25.1 weeks of inventory

Condo Only, NWMLS Area 540 (East of Lake Sammamish) = 27.1 weeks of inventory

Condo Only, NWMLS Area 550 (Redmond/Carnation) = 32.2 weeks of inventory

Condo Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 46.2 weeks of inventory

Condo Only, NWMLS Area 600 (Juanita/Woodinville) = 45.7 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Market Update – Eastside Residential

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 44.3 weeks of inventory

Residential Only, NWMLS Area 510 (Mercer Island) = 71.8 weeks of inventory

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 68.2 weeks of inventory

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 27.6 weeks of inventory

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 35.7 weeks of inventory

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 34.7 weeks of inventory

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 60.1 weeks of inventory

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 39.9 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle's Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Condos

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

We’ll it looks like the condo market is generally favoring the buyer at this point. Most areas showed slowing as comnpared to 4 weeks ago.

Condo Only, NWMLS Area 500 (Bellevue, South of I-90) = 30.8 weeks of inventory (was 27.2 four weeks ago)

Condo Only, NWMLS Area 510 (Mercer Island) = 22.3 weeks of inventory (was 21.7 four weeks ago)

Condo Only, NWMLS Area 520 (Bellevue, West of 405) = 57.8 weeks of inventory (was 30.9 four weeks ago)

Condo Only, NWMLS Area 530 (Bellevue, East of 405) = 27.7 weeks of inventory (was 28.3 four weeks ago)

Condo Only, NWMLS Area 540 (East of Lake Sammamish) = 32.0 weeks of inventory (was 33.7 four weeks ago)

Condo Only, NWMLS Area 550 (Redmond/Carnation) = 33.3 weeks of inventory (was 22.9 four weeks ago)

Condo Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 33.9 weeks of inventory (was 30 four weeks ago)

Condo Only, NWMLS Area 600 (Juanita/Woodinville) = 40.4 weeks of inventory (was 36.9 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Residential

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Another mixed bag this week, with only slight declines or improvements. It does appear that inventory is continuing to build, with most areas showing 40+ weeks of inventory now. We usually build inventory as we move toward summer and it looks like this year will be no different!

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 42 weeks of inventory (was 41 four weeks ago)

Residential Only, NWMLS Area 510 (Mercer Island) = 42.5 weeks of inventory (was 32.7 four weeks ago)

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 56.4 weeks of inventory (was 57.4 four weeks ago)

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 29.2 weeks of inventory (was 26.7 four weeks ago)

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 34.5 weeks of inventory (was 32 four weeks ago)

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 28 weeks of inventory (was 30.7 four weeks ago)

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 46.9 weeks of inventory (was 63.5 four weeks ago)

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 42.7 weeks of inventory (was 39.9 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle's Eastside Real Estate Resource
tony@eastsidehomes.com

Annual English Hill Garage Sale June 6th & 7th

Annual English Hill Garage Sale June 6th & 7th
By: Tony Meier, Redmond Realtor

Attention Bargian Hunters! All of English Hill will be on SALE!

It's time again for the annual English Hill garage sale! This years event will be held on June 6th & 7th from 9 am to 4 pm. The English Hill Homeowners Association advertises this event in local newspapers, and hangs a banner sign.

This is a very popular garage sale, with neighborhoods all across the hill taking part. Each year several dozen families participate. The neighborhood is swarmed with cars filled with bargain hunters, looking for that special item.

As with all sales, shop early for the greatest selection!

For more information on English Hill visit – www.EnglishHillOnline.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle's Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Condos

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week’s update is coming to you on Tuesday, due to the Memorial Day holiday. I was busy playing with my kids! 🙂

This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Condo Only, NWMLS Area 500 (Bellevue, South of I-90) = 27.2 weeks of inventory

Condo Only, NWMLS Area 510 (Mercer Island) = 21.7 weeks of inventory

Condo Only, NWMLS Area 520 (Bellevue, West of 405) = 30.9 weeks of inventory

Condo Only, NWMLS Area 530 (Bellevue, East of 405) = 28.3 weeks of inventory

Condo Only, NWMLS Area 540 (East of Lake Sammamish) = 33.7 weeks of inventory

Condo Only, NWMLS Area 550 (Redmond/Carnation) = 22.9 weeks of inventory

Condo Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 30 weeks of inventory

Condo Only, NWMLS Area 600 (Juanita/Woodinville) = 36.9 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Residential

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Another mixed bag this week, with only slight declines or improvements. Area 520 showed the most improvement, but with over a year of inventory at current absorption rates, the Buyer’s are still in control.

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 41 weeks of inventory (was 43.2 four weeks ago)

Residential Only, NWMLS Area 510 (Mercer Island) = 32.7 weeks of inventory (was 26.8 four weeks ago)

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 57.4 weeks of inventory (was 79.4 four weeks ago)

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 26.7 weeks of inventory (was 23.4 four weeks ago)

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 32 weeks of inventory (was 30.9 four weeks ago)

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 30.7 weeks of inventory (was 32 four weeks ago)

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 63.5 weeks of inventory (was 51 four weeks ago)

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 39.9 weeks of inventory (was 35.9 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Condos

My usual stattistics are unavailable this week, so we are going to look at something different. Thanks to the great information from Trendgraphix, which we subscribe to, we are going to chart the condo market since January 2007. Here is the trend for condos over the last year.

This first chart shows how the inventory has climbed steeply since last year and sales have fallen. We had as much as 64% of the inventory selling in March of 2007. March 2008 only has 12% of the inventory going pending.

This next chart shows the average list price per month and the average sales price. The difference in these numbers of about 100k would indicate that the lower end of the market is where the majority of sales are.

This last chart shows months of supply based upon the pending sales. We have gone from a hot sellers market to one that is more favored towards the buyer.

While the economy remains strong in the region, the effects of the national credit market are clearly shown. Hopefully lending guideline will loosen up and allow more buyers to re-enter the market.

However, if you were thinking of investing. There has been no better time!

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Residential

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Four weeks ago all areas except 600 showed improvement. Now we have all areas remaining the same or showing decline except for Mercer Island which showed some modest improvement.

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 43.2 weeks of inventory (was 32.1 four weeks ago)

Residential Only, NWMLS Area 510 (Mercer Island) = 26.8 weeks of inventory (was 37.2 four weeks ago)

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 79.4 weeks of inventory (was 58.3 four weeks ago)

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 23.4 weeks of inventory (was 23.7 four weeks ago)

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 30.9 weeks of inventory (was 29.4 four weeks ago)

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 32 weeks of inventory (was 26.1 four weeks ago)

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 51 weeks of inventory (was 36.2 four weeks ago)

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 35.9 weeks of inventory (was 36.1 four weeks ago)

The bright spot on the Eastside is area 530 – East Bellevue, which shows to be a sellers market under 500k. However according to my friends analysis of Area 530 sales under 500k these sellers are not fetching any more for their homes then they were a year ago as the average size of homes in this price range is up, meaning price per square foot is down by $39 per square foot. If the seller favored conditions persist, this will likely change though.

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Novelty Hill Home – Redmond Listing – Grand two story home on quiet cul-de-sac!

Redmond Listing – Novelty Hill Home
By: Tony Meier
Eastside Realtor

This grand home is situated in a quiet cul-de-sac in Eastwood Acres on Novelty Hill. With stately curb appeal, the home features 4 bedrooms, 2.5 baths, 3370 s.f. on a flat & sunny 35,000 s.f. lot! Elegant two story foyer welcomes you in. Formal living room has vaulted ceiling and tile wrapped fireplace. Large dining room with high ceilings & ample seating for 8 overlooks rear yard. Big kitchen with island, pantry and attached nook with French doors opening to rear yard. Huge family room off kitchen with beautiful brick fireplace & mantle. Main floor den with built-in cabinetry. Wonderful master suite with walk-in closet, double vanities, soaking tub and shower. Rear staircase leads to bonus room sized 4th bedroom and upper level. Park like lot is very private with a bank of trees to the rear and has plenty of room for gardening or relaxing on the patio. There is also a wonderful play structure & room for any game you might want to play! Attached three car garage with storage, newer furnace & air conditioning too! Lake Washington schools – Dickinson Elementary, Evergreen Jr High, & Redmond High. Convenient location with easy access to shopping, restaurants, Downtown Redmond & Microsoft!

For further information on this home go to http://NoveltyHillHome.com or give me a call at 425-466-1000

Posted By:
Tony Meier
Eastside Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Redmond Rambler Listing – Totally updated 3/2, 2456 asf. rambler on flat & sunny 1 acre lot!

Redmond Rambler Listing
By: Tony Meier
Eastside Realtor

SALE PENDING

Completely updated 3 bedroom, 2 bath, 2456 sq.ft, rambler on a flat & sunny 1+ acre lot! Large, flowing floorplan includes formal living, sitting area off entry & great room style kitchen, dining & family room. Updated kitchen with breakfast bar includes abundant hickory cabinets, pantry, granite counters & stainless appliances. Family room has a travertine wrapped gas fireplace & built-in surround sound. Dining area has vaulted ceilings and a wall of windows overlooking the rear yard. Large master bedroom with walk-in closet & remodeled bath with double sinks & double shower all finished in tile. Main bath is also updated with new tile surround & fixtures. Additional bedrooms are also spacious. Separate cottage/office with vaulted ceilings, skylight, phone, internet & heat. Attached 2 car garage with generator panel & plenty of room for RV parking in front! Lush yard with brick fireplace, two patios, two decks, fenced & covered dog run, sprinkler system & huge lawn for play! New 50 year roof & clog-free gutters. Air conditioning too! Lake Washington schools – Allcot Elementary, Evergreen Jr High, & Eastlake High. Convenient location with easy access to shopping, freeways, Downtown Redmond & Microsoft!

For further information on this home go to http://RedmondRambler.com or give me a call at 425-466-1000

Posted By:
Tony Meier
Eastside Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Condos

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Last week week’s numbers showed improvement across most of the Eastside in the Residential market. The condos are more mixed with some areas showing improvement while others are declining.

Condo Only, NWMLS Area 500 (Bellevue, South of I-90) = 31.5 weeks of inventory (was 31.5 four weeks ago)

Condo Only, NWMLS Area 510 (Mercer Island) = 63.5 weeks of inventory (was incalculable four weeks ago with no sales in 7 weeks)

Condo Only, NWMLS Area 520 (Bellevue, West of 405) = 39.5 weeks of inventory (was 45.3 four weeks ago)

Condo Only, NWMLS Area 530 (Bellevue, East of 405) = 31 weeks of inventory (was 27.8 four weeks ago)

Condo Only, NWMLS Area 540 (East of Lake Sammamish) = 40.9 weeks of inventory (was 39.3 four weeks ago)

Condo Only, NWMLS Area 550 (Redmond/Carnation) = 25.8 weeks of inventory (was 34.4 four weeks ago)

Condo Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 30 weeks of inventory (was 40.8 four weeks ago)

Condo Only, NWMLS Area 600 (Juanita/Woodinville) = 44.3 weeks of inventory (was 38.5 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Residential

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

All areas except 600 showed improvement from 4 weeks ago. The majority of this improvement is shows up in the homes priced at 599k or below.

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 32.1 weeks of inventory (was 40.8 four weeks ago)

Residential Only, NWMLS Area 510 (Mercer Island) = 37.2 weeks of inventory (was 60.5 four weeks ago)

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 58.3 weeks of inventory (was 66.9 four weeks ago)

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 23.7 weeks of inventory (was 31.5 four weeks ago)

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 29.4 weeks of inventory (was 30.9 four weeks ago)

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 26.1 weeks of inventory (was 34.2 four weeks ago)

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 36.2 weeks of inventory (was 39 four weeks ago)

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 36.1 weeks of inventory (was 36 four weeks ago)

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Seattle Residential

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. It appears that Seattle is back on the mend with many of the numbers returning to a balanced market. In fact, some areas and price ranges are clearly favoring the seller!

When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Residential Only, NWMLS Area 140 (West Seattle) = 19.4 weeks of inventory

Residential Only, NWMLS Area 380 (Central Seattle) = 35 weeks of inventory

Residential Only, NWMLS Area 385 (SODO/Beacon Hill) = 22 weeks of inventory

Residential Only, NWMLS Area 390 (Central Seattle) = 26 weeks of inventory

Residential Only, NWMLS Area 700 (Queen Anne/Magnolia) = 17 weeks of inventory

Residential Only, NWMLS Area 705 (Ballard/Greenlake) = 14.8 weeks of inventory

Residential Only, NWMLS Area 710 (North Seattle) = 13.4 weeks of inventory

Residential Only, NWMLS Area 715 (Richmond Beach) = 20.8 weeks of inventory

Residential Only, NWMLS Area 720 (Lake Forest Park) = 24.1 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Condos

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Condo Only, NWMLS Area 500 (Bellevue, South of I-90) = 31.5 weeks of inventory

Condo Only, NWMLS Area 510 (Mercer Island) = Incalculable weeks of inventory (average of 18 listings and no pending sales in last 7 weeks)

Condo Only, NWMLS Area 520 (Bellevue, West of 405) = 45.3 weeks of inventory

Condo Only, NWMLS Area 530 (Bellevue, East of 405) = 27.8 weeks of inventory

Condo Only, NWMLS Area 540 (East of Lake Sammamish) = 39.3 weeks of inventory

Condo Only, NWMLS Area 550 (Redmond/Carnation) = 34.4 weeks of inventory

Condo Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 40.8 weeks of inventory

Condo Only, NWMLS Area 600 (Juanita/Woodinville) = 38.5 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
425-466-1000
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Monday’s Market Update – Eastside Residential

Eastside & Seattle Market Absorption Rates
By: Tony Meier
Eastside & Seattle Realtor

This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep the following in mind:

3. When measuring the heat of the market, the following rules apply:

a. 12 weeks or less = Seller’s Market

b. 12-24 weeks = Balanced Market

c. 24 or more weeks = Buyer’s Market

Residential Only, NWMLS Area 500 (Bellevue, South of I-90) = 40.8 weeks of inventory

Residential Only, NWMLS Area 510 (Mercer Island) = 60.5 weeks of inventory

Residential Only, NWMLS Area 520 (Bellevue, West of 405) = 66.9 weeks of inventory

Residential Only, NWMLS Area 530 (Bellevue, East of 405) = 31.5 weeks of inventory

Residential Only, NWMLS Area 540 (East of Lake Sammamish) = 30.9 weeks of inventory

Residential Only, NWMLS Area 550 (Redmond/Carnation) = 34.2 weeks of inventory

Residential Only, NWMLS Area 560 (Kirkland/Bridle Trails) = 39 weeks of inventory

Residential Only, NWMLS Area 600 (Juanita/Woodinville) = 36 weeks of inventory

If you have any questions on this information, I welcome you to email me at tony@eastsidehomes.com

Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Summer 2007 – Activites in the Seattle Area

Summer 2007 – Activites in the Seattle Area
By: Tony Meier – Eastside Realtor

Hurray! It is officially summer in Seattle!! Here are a list of activities for your summer pleasure!

June

24 Seattle Pride Parade Starts on Union & 4th Ave. in
www.seattlepride.org

30-7/4 Lake Union Wooden Boat Festival
www.seafair.com

July

3-27 Seattle Chamber Music Society Summer Festival Lakeside School – Seattle www.seattlechambermusic.org

4 Fourth of July Throughout the Puget Sound Contact your local chamber

7 Redmond Derby Days www.redmond.gov

13-15 Vashon Island Strawberry Festival
Downtown Vashon www.vashonchamber.com

14-15 Seattle’s Chinatown-International

District Summer Festival
Hing Hay Park – Seattle www.cidbia.org

20-22 Bite of Seattle
Seattle Center – Downtown Seattle
www.biteofseattle.com

27-29 Bellevue Art Festival
Cost Plus World Market – Bellevue
www.bellevuefest.org

28-29 Ballard Seafood-Fest
NW Market St – Seattle www.seafoodfest.org

SEAFAIR – 7/7-8/5

www.seafair.com

July

7 Milk Carton Derby

10am—4pm Green Lake – Seattle

8 Virginia Mason Marathon

7am Bellevue Downtown Park

15 Benaroya Research Institute Triathlon

7am (kid’s race 10:30am) Seward Park – Seattle

28 Torchlight Run

6:30pm Near Qwest Field

28 Torchlight Parade

7:30pm Downtown Seattle, along 4th Avenue

August

1-5 Fleet Arival

Pier 90 – Downtown Seattle

3-5 Chevrolet Cup

South Lake Washington

3-5 KeyBank Air Show

South Lake Washington

4 Concert and Fireworks

Concert 6:30pm – Fireworks 9:45pm

Genesee Park – Seattle

Community Events

There are over 30 parades and festivals that take place in the communities around Puget Sound during Seafair. For a complete list with details please visit the Seafair website.

August

1-10 Summer Festival at the Overlake School
Overlake School – Redmond www.seattlechambermusic.org

2 Pike Place Market 100th Anniversary Party
www.pikeplacemarket.com

10-12 Seattle Music Festival
Alki Beach – West Seattle www.northwestarts.org

23-9/3 Evergreen State Fair Evergreen State Fairgrounds – Monroe www.evergreenfair.org

September

1-3 Bumbershoot – Seattle Center – Downtown Seattle
www.bumbershoot.org

21-23 Seattle Greek Festival –
www.seattlegreekfestival.com

21-27 Freemont Oktoberfest –
www.freemontoktoberfest.com

28-30 Festa Italiana (Italian Festival)
Seattle Center www.festaseattle.com

Tony Meier
Redmond Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

English Hill Home – New listing on English Hill in Olde Morrision Place!

English Hill Home – New listing on English Hill in Olde Morrision Place!
By: Tony Meier – Eastside Realtor

For additional details on this home go to: www.EnglishHillHome.com

17660 NE 129th Pl Redmond 98052

Status	Active
Listing#	27095534
County	King

Beds	4
Baths	2.25
Fireplaces	1

List Price	599,950
Sold Price
Year Built	1984

Style	12-2 Story
Bldg Type.	Stick Built On Lot
Covd Prkg.	2 Garage-Attached
Project	Olde Morrison/Hollymor
New Const.

Appx. SQFT	2030
SQFT Src.	KCAR
Acreage	0.208
Lot Size	9070

School Information:
School District	Northshore
Elementary	Sunrise Elem
Jr. High	Northshore Jnr High
High School	Inglemoor Hs

Area	600
Community	English Hill
Map:	507
Grid:	E-5
Pool

Room Locations
	L	M	U
Bedrooms			4
Baths (Full)			1
Baths (3/4)			1
Baths (1/2)		1
Dining		X
Living		X
Kitchen
KtnEatSp		X
Master			X
Family		X
Rec. Room
Den/Office
Fireplace		1
Utility		X
ExFinRoom
Entry		X
Bonus Room

Property Details
Heating/Cooling	Forced Air
Energy Source	Natural Gas
Terms	Cash Out, Conventional

Exterior	Wood
Roof Type	Composition
Water	Public
Sewer	Sewer Connected
Floor Covering	Ceramic Tile, Hardwood, Vinyl, Wall to Wall Carpet
Appliances	Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer

View	Territorial
Basement	None
Architecture
Water Heater	Gas/Garage
Lease Equip.
Waterfront		Waterfront Footage
ApprvAssry Unit		Bus Line Nearby	Yes

Tax Year

2007

Annual Taxes

4618

Sr. Exemption

Homeowner Dues

Monthly Rent

Directions : From NE 124th/NE 128th, N into Olde Morrison on 179th, L on NE 128th, R on 177th Pl NE, L on NE 129th Pl, home is on right.

Interior Features : Bath Off Master, Dining Room, Dble Pane/Strm Windw, Pantry, Security System, Vaulted Ceilings, Walk-in Closet

Site Features : Cable TV, Fenced-Partially, Gas Available, Patio

Marketing Remarks : Totally update and remodeled! Recent updates include 50 year roof,int&ext paint&new carpeting.Formal LR w/vaulted ceiling.Inviting fam-rm w/brick fireplace.Fantastic kit.w/breakfast bar,new counters,stainless appliances&rich tile floors.Half bath w/quarts counters&new fixtures.Main bath w/new tile counters,flooring&shower surround!Lrg master w/walk-in closet,remodeled bath w/new tile counters,dbl vanity,new tile floor&tiled dbl shower!Large yard w/fantastic spaces for gardening,relaxing or play!

Tony Meier
Windermere Real Estate/ S.C.A., Inc.
Office Phone: 425-883-0088
Direct Phone: 425-466-1000
Pager: 425-466-1000
Tony@eastsidehomes.com

Interior Photos
Entry/Stairwell Two story entry welcomes your guests!

Formal Living Room Formal living room with dramatic vaulted ceiling.

Formal Dining Room Formal dining room overlooks private rear yard.

Kitchen, Breakfast Bar & Nook Fantastic kitchen with breakfast bar, new countertops, stainless appliances and rich tile flooring throughout kitchen & nook.


Family Room Inviting family room with brick fireplace.

Half Bath Remodeled bath with quartz counters and new fixtures

Main Bath Totally updated bath with new tile counters, flooring and shower surround!

Master Bedroom Large master suite features walk-in closet, remodeled bathroom with new tile counters, double vanity, new tile floors & tiled double shower!


Additional Bedrooms Three additional bedrooms are spacious – making this a very livable floorplan!


Laundry Room Indoor laundry room with extra storage!

Exterior Photos
Front of Home The front and rear yard provides fantastic spaces for gardening, relaxing or play! The inviting front porch welcomes you home.


Rear Patio and Yard Wonderful rear yard with patio – perfect for entertaining! Both the front and rear yard provides fantastic spaces for gardening, relaxing or play!

For more details on the English Hill neighborhoods including – Crown Heights, Wyndham Knoll, Mount Clare Estates, Mount Clare Woods, Langtree Estates, Hollymere, Glenterra, Olde Morrision, Hampshire, Amberley, Coventry, Sheffield & Park Avenue go to http://www.englishhillonline.com/

Ehosmall_2

Tony Meier
Redmond Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Redmond Real Estate Housing Statistics – 5/23/2007

Redmond Real Estate Housing Statistics – 5/23/2007
By: Tony Meier – Eastside Realtor

Another strong week for Redmond Home Sales. With the total volume averaging 16.14 weeks, the market remains seller favored with the sellers in firm control under $800,000.

When looking at the spreadsheet keep this in mind…

The following is generally accepted as to the state of the market –

1. Less than 18 weeks of inventory = Seller’s Market
2. About 18 to 22 weeks of inventory = Balanced Market
3. More than 22 weeks of inventory = Buyer’s Market

So if you study the table below… You will see price ranges that have sellers in firm control and others that have the buyer in control. This information puts my clients in the drivers seat when it comes to correctly pricing their home to sell or knowing what to offer for the dream home!

Below is a the statistics for last 7 weeks ending on 5/23/2007…

Price Range		Active Avg	Pending Avg	Weeks Avg
$0	$299,999	2.86	0.29	10.00
$300,000	$399,999	12.43	1.14	10.88
$400,000	$499,999	22.43	2.86	7.85
$500,000	$599,999	25.00	2.57	9.72
$600,000	$699,999	22.29	1.71	13.00
$700,000	$799,999	24.57	1.86	13.23
$800,000	$899,999	22.57	1.14	19.75
$900,000	$999,999	22.86	1.14	20.00
$1,000,000	$1,249,999	16.86	0.14	118.00
$1,250,000	$1,499,999	16.29	0.29	57.00
$1,500,000	$1,749,999	3.57	0.14	25.00
$1,750,000	$1,999,999	7.71	0.00
$2,000,000	$2,249,999	4.43	0.00
$2,250,000	$2,499,999	5.29	0.14	37.00
$2,500,000	and up	9.86	0.14	69.00
	Total	219.0	13.6	16.14

Armed with this information we can then dig deeper to see what is happening in a particular neighborhood, then make a highly educated decision. It is important to me that my clients know what to do but also the ‘why" behind it!

I track these statistics for all of the Eastside and Seattle. If you would like to know the absorbtions rates in your area, call or email me.

Tony Meier
Redmond Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

English Hill Redmond – Bear sighting behind Sunrise Elementary on 5-23-2007

By: Tony Meier
Redmond Realtor

As the President of the English Hill Homeowners Association and a very active Realtor in the area, it is my job to stay on top off all things regarding English Hill. The following came from Sunrise today. Appearently the bear was sighted in the greenbelt behind the school.

________________________________________________________

Sunrise Elementary School is currently in full lockdown because of an off campus bear sighting. Students will remain indoors during recess periods. PE activities will take place indoors.

The following precautions have also been taken:

The State Department of Fish and Wildlife have been alerted and are on site as well as Northshore security personnel

Northshore staff will accompany students who walk home after school
Transportation Department has been notified and bus drivers alerted
The track meet with Moorlands has been cancelled
The meeting of Sunrise’s School Improvement Team has been cancelled and will be re-scheduled

________________________________________________________

For more details on the English Hill neighborhoods including – Crown Heights, Wyndham Knoll, Mont Clare Estates, Mont Clare Woods, Langtree Estates, Hollymere, Glenterra, Olde Morrision, Hampshire, Amberley, Coventry, Sheffield & Park Avenue go to http://www.englishhillonline.com/

Tony Meier
Redmond Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle’s Eastside Real Estate Resource
tony@eastsidehomes.com

Annual English Hill Garage Sale June 1&2

Annual English Hill Garage Sale June 1&2
By: Tony Meier, Redmond Realtor

Attention Bargian Hunters! All of English Hill will be on SALE!

It’s time again for the annual English Hill garage sale! This years event will be held on June 1st & 2nd from 9 am to 4 pm. The English Hill Homeowners Association advertises this event in local newspapers, and hangs a banner sign.

As with all sales, shop early for the greatest selection!

For more information on English Hill visit – www.EnglishHillOnline.com

Tony Meier
Redmond Realtor
EastsideHomesBlog.com
EastsideHomes.com –

Seattle

’s Eastside Real Estate Resource

tony@eastsidehomes.com

Redmond Real Estate Housing Statistics – 5/9/2007

Redmond Real Estate Housing Statistics – 5/9/2007
By: Tony Meier – Redmond Realtor

"How’s the market…" a question frequently asked by my clients. My answer is always… "That depends". It matters not only what area you are in but also what price range. I pay close attention to the market statistics each week so I can better advise my clients before they make a decision to buy or sell.

In every market… there are price ranges that move faster then others. Who controls the market (either Buyer or Seller) is largely governed by the laws of supply and demand. The chart I follow shows the pace of the market and relates this information in the number of weeks of inventory per price range.

When looking at the spreadsheet keep this in mind…
The following is generally accepted as to the state of the market –

1. Less than 18 weeks of inventory = Seller’s Market
2. About 18 to 22 weeks of inventory = Balanced Market
3. More than 22 weeks of inventory = Buyer’s Market

Below is a the statistics for last 7 weeks ending on 5/9/2007…

Residential Only, NWMLS Area 550 (Redmond/Carnation) as of 5/9/2007

Price Range		Active Avg	Pending Avg	Weeks Avg
$0	$299,999	2.7	0.4	6.8
$300,000	$399,999	11.3	1.0	11.3
$400,000	$499,999	21.0	2.3	9.1
$500,000	$599,999	22.9	2.3	10.0
$600,000	$699,999	19.3	1.4	13.8
$700,000	$799,999	22.9	2.9	7.9
$800,000	$899,999	21.1	1.6	13.2
$900,000	$999,999	22.7	1.0	22.7
$1,000,000	$1,249,999	16.6	0.1	166.0
$1,250,000	$1,499,999	16.0	0.4	40.0
$1,500,000	$1,749,999	3.7	0.1	37.0
$1,750,000	$1,999,999	7.1	0.1	71.0
$2,000,000	$2,249,999	4.3	0.0
$2,250,000	$2,499,999	5.1	0.0
$2,500,000	and up	9.7	0.1	97.0
	Total	206.4	13.9	14.8

Tony Meier
Redmond Realtor
EastsideHomesBlog.com
EastsideHomes.com – Seattle’s Eastside Real Estate Resource

Affluent Owe Much of Wealth to Real Estate

Fewer than 20 percent of all U.S. households are affluent, yet that group controls nearly half of all aggregate income, according to a new report from Packaged Facts, a division of MarketResearch.com.

A major component of their wealth? Residential real estate, thanks to “the run-up in values in major metropolitan areas, where the affluent tend to live,” according to the company.

Nearly 21 million households fall into an affluent category — singles earning at least $75,000 and households with more than one adult earning at least $100,000 — and wield an aggregate income of $3.6 trillion, an amount Packaged Facts predicts will grow by 27 percent over the next four years to $4.6 trillion in 2011.

Affluent Profile: Risk Takers, Workaholics

Eighty-seven percent of the affluent own their own home. And on average, households with an annual income of $150,000 or more live in a house worth more than $550,000, according to the report. They’re likely to be married with comparatively large families and live in the Northeast and Pacific regions.

Compared with the general population, affluent households are more likely to depend on multiple wage earners. Also higher than the general population is the number of self-employed: 10.6 percent of all affluent households and 15.3 percent of the super affluent.

The affluent also tend to:

Be risk takers.
Characterize themselves as workaholics who want to get to the top of their career.
Spend more than twice the average on home furnishings and appliances.

Different Categories of Affluence

Packaged Facts divides the affluent market into three groups:

Mass affluent: one-person households with an income of $75,000-$99,999 and/or adults with a household income of $100,000-$149,999
Highly affluent: household incomes of $150,000-$249,999
Super-affluent: household incomes of $250,000 or more

The two million households defined as super affluent have an average annual household income of $435,000. They account for only 1.2 percent of all households but generate 12 percent of

U.S.

household income.

— By Camilla McLaughlin for REALTOR® Magazine Online

Posted by:

Tony Meier
Redmond Realtor
EastsideHomesBlog.com
EastsideHomes.com –

Seattle

’s Eastside Real Estate Resource

tony@eastsidehomes.com

10940 250th Ave NE, Redmond, WA “Redmond Listing” on Novelty Hill

Redmond Listing on Novelty Hill – "10940 250th Ave NE, Redmond WA"
Tony Meier, Redmond Realtor

Tony Meier
Windermere Real Estate/ S.C.A., Inc.
Office Phone: 425-883-0088
Direct Phone: 425-466-1000
Pager: 425-466-1000
Tony@eastsidehomes.com

Interior Photos
Foyer The exquisite foyer features fruit wood stained maple floors, grand staircase with wrought iron railing, maple hand railing and Schoenbek crystal chandelier. Custom leaded glass doors and windows provide gracious light. Half bath of entry for your guests. . . . . . . . Full details can be found at www.NoveltyHillEstate.com



Living Room Stunning living room with soaring 21 ft ceilings, opens to large patio with breathtaking valley & mountain views. The custom built, hand carved mantel & grand mirror, accent the fireplace & living room. The acoustically designed alcove makes playing the piano a joy! ———- Full details can be found at www.NoveltyHillEstate.com
Hand carved mantel wraps the gas fireplaces with marble surround. Towering mirror reflects beautiful interior elements	Tall picture windows frame with graceful arches frame to outstanding views French doors lead to view patio
Grand piano stage is maple wrapped with a marble platform. Sound chamber enhances acoustics and eliminates echoes	Piano alcove shown with previous owners furniture

	Beautiful columns draw you in!
Dining Room & Butlers Pantry Elegant dining room with ample seating for twelve or more! Rich chair rail, crown molding and wainscoting invite your guests. Bay windows overlook front grounds. Schoenbek crystal chandelier provides the light. Attached butlers pantry with custom built cherry cabinets and corian counters make storing your fine china easy! ———- Full details can be found at www.NoveltyHillEstate.com

Photo shows previous owners use

Kitchen/Family Room Spacious kitchen with cherry cabinets, corian counters, double oven and attached pantry. The family room and informal dining area features a wood burning stove, wet bar, grand views and opens to rear yard and gazebo. . . . . . . . Full details can be found at www.NoveltyHillEstate.com

	Wet bar with refrigerator, display cabinets and wine rack
Large informal nook area with French doors to rear yard	Large informal nook area with French doors to rear yard
Family room has excellent views and features a brick hearth with gas stove/heater and fruit stained maple hardwood floor
Master Suite Wonderful main floor master suite with outstanding views. The master bath features cherry cabinets, tile floors and countertops, glass block shower, walk-in-closet and attached room which could be used as a workout room or nursery. ———- Full details can be found at www.NoveltyHillEstate.com
Master suite has curved wall entry. Relaxing sitting area has view of rear grounds and mountains. Three pane custom windows with no maintenance blinds.
Master bath has tile floor and counters, cherry cabinets, gass block shower & walk-in closet

Large antique armoire (included)
Den/Office Large den features ample storage with hand built cherry walls, box beam ceiling, cabinets, book shelves and desk. Maple hardwood floor and large seating area. ———- Full details can be found at www.NoveltyHillEstate.com

Exercise/Bonus/Nursery The multiuse room is located just of the master bedroom. Perfect as an excercise room, bonus/craft room or nursery for an infant or toddler. . . . . . . . Full details can be found at www.NoveltyHillEstate.com
	Photo from previous owners use
Guest Suite Upper level has additional bedroom suite (could be second master) with walk-in closet & ¾ bath. French doors lead to enclosed sun room with beautiful views! . . . . . . . Full details can be found at www.NoveltyHillEstate.com
Sun room off of guest suite	Guest suite
Full bath	Huge walk-in closet
Guest Rooms Two large guest rooms upstairs with adjacent baths will have your guests feeling right at home! . . . . . . . Full details can be found at www.NoveltyHillEstate.com
Guest room with French doors and large double closets – could also serve as a media room	Guest room with French doors and large double closets – could also serve as a media room
Guest suite with attached full bath and walk-in closet	Guest suite with attached full bath and walk-in closet
Guest suite with attached full bath and walk-in closet	Guest suite with attached full bath and walk-in closet
Photo shows previous owners use	Photo shows previous owners use
Mud Room Mud room with door to rear yard. Ample cabinets, laundry sink and attached 3/4 bath – perfect after a day playing in the yard! . . . . . . . Full details can be found at www.NoveltyHillEstate.com
	3/4 bath
Extra room over garage Framed in and ready for your customization. Possibilities included… in-law suite, wine room with entertainment spaces, spa and workout space, or remove center walls for a huge media or bonus room. You can create what you want with this flexible space! . . . . . . . Full details can be found at www.NoveltyHillEstate.com
Area for half bath

Framed for sauna

Exterior Photos
The Home Custom built in 1997, this home is in excellent condition! . . . . . . . Full details can be found at www.NoveltyHillEstate.com

Circular paver drive with fountain. Brick wall, post and iron rail frames entryway.	Majestic picture windows provide lots of light and magnificent views. Wrought iron railings, cobble paver patio and brick staircase lead to rear yard
Stately columns & gracious arches great you. Double door entry welcomes you in. Sophisticated leaded glass entertains your eyes!

The Grounds This home is on apprx. 10.26 acres with 2 separate tax lots, perfect for building a second residence/guest house. With apprx. 2 acres landscaped, this home features a gazebo, heated greenhouse, ample covered wood storage, agricultural well and fountain! . . . . . . . Full details can be found at www.NoveltyHillEstate.com



The View!!! Breathtaking view of Snoqualmie Valley, Duvall and the Cascades! . . . . . . . Full details can be found at www.NoveltyHillEstate.com


The View – Close Up Imagine coming home to this stunning view each day! . . . . . . . Full details can be found at www.NoveltyHillEstate.com
Close up of the view
Mt Baker

General Photos
Parcel Map These aerials show the landscaped section of the property. To the East is NGPE so your view will always remain! To the West there are several flat acres which could be accessed off of up to 248th Ave NE. This land is perfect for recreation, equestrians or to build a second home on the included building lot! . . . . . . . Full details can be found at www.NoveltyHillEstate.com

Tony Meier Redmond Realtor EastsideHomesBlog.com EastsdeHomes.com – Seattle’s Eastside Real Estate Resource