First things first, Happy Hump Day! I want to start off by offering all of my readers an opportunity to win one month of organic produce delivered by Full Circle! How do you enter? If you aren’t already, follow my blog! Not only will you get the latest real estate news and useful home ‘how-to’s’, but you will automatically be entered to win the Full Circle drawing. Already a follower or not interested in the long term commitment? Shoot me an email with your name/phone number/address and I will enter you. All I ask is that you be a Washington resident when the winner is announced on Monday, September 1st.
What is Full Circle?
“Each week we handpick fresh, certified organic fruits and vegetables to create your personalized order. We build relationships with growers using sustainable farming practices and source our produce as locally as the season allows. We also source from organic growers in warmer climates for increased variety throughout the year. It’s like having the farmers market come to you—all year long!” What’s not to love about that?
Easy Updates For Your Home
Enhance the entry
First impressions matter. Invest in a new front door or paint your old one, it can dramatically change the look of your home and enhance curb appeal. Try other easy DIY fixes like repainting the exterior trim, replacing the house numbers or installing new outdoor lighting.
Build a Headboard
Headboards can be made out of anything – find something you’re passionate about and turn it into a headboard. Use old skis or skateboards; or make a collage by decoupaging magazines or attach family photos to an old headboard. Also, think about using salvaged materials such as fencing, old doors etc. There are literally thousands of examples on Pinterest and is a great weekend project!
New kitchen lighting or a new fixture over the dining table is sure to brighten up any meal. Try one of these projects: Make a fabric-covered drum shade to match your decor. Install a dimmer switch to make your current lighting more versatile. Use a few cans of spray paint to give an old chandelier new life. Replace or paint the blades on a ceiling fan. Also, if you’re thinking about selling your house, remember that light creates an atmosphere that people either want to be in or not. Think about creating a warm, inviting space with as much natural light as possible!
If your cabinets need more than new hardware, paint them. It can be a time-consuming project, but if done right, your kitchen will look brand new and add value to your home.
I’ve been watching what’s happening in the Kirkland condo market closely as of late, it’s fascinating that such a desirable location can have A LOT of affordable condos still on the market for people looking to make a great investment in their future, or get into their first home. Not only that, the rental market is creeping up in the area making it challenging to find an affordable place to live, which makes buying a condo even more appealing. So, what’s happening? As of August 18th, 2014 there are 65 active condo listings ranging between $105,000 to over $6 million! The median list price is $315,000 while the average list price is $525,000, it’s pretty clear that the big listing prices are skewing the data. There were 127 condos sold in the past 90 days in Kirkland, with the sale price being 98% percent of the list price. This means that people are paying the list price, and in some cases more depending on the property and demand for that location.
The graph below demonstrates the for sale/sold/pending condos through July 2014:
As of August 18th, 2014 the Kirkland condo market is at 1.54 months of inventory based on closed sales. This is down slightly from 1.8 months of inventory in July of this year. Interest rates dropped slightly last week, making buying a home even more appealing as well as affordable.
The list/sale price ratio has been fairly consistent since last year, being close to 100%. Again, this data is skewed slightly due to the million dollar + condo listings that aren’t seeing that kind of ratio (the million + residential home market, however, is seeing a 100% + list/sale ratio).
Months of inventory was up slightly in July to 1.8 months, although August is currently looking at 1.54 months of inventory. This is definitely a hot market, with no signs of it slowing down anytime soon. It is a great time to get into a condo either as a first time home buyer or as an investment property. The listing below is one of the many great condos available in Kirkland…
Stay tuned for a post on financing and a big announcement this week! I have partnered with Full Circle organic produce delivery for an opportunity to give my followers! So, if you haven’t already…follow my blog via email for a chance to win some awesome, organic produce delivered to your door! Have a great week everyone!
Edmonds is one of Washingtons most picturesque cities, with views of the Puget Sound, Olympic Mountains and Cascade Range. One can see why it has become one of the Seattle area’s most desired locations to live. Come visit me this weekend at A Taste of Edmonds! A Taste of Edmonds is August 8th, 9th and 10th as well as Washington’s 3rd largest 3 day festival. There will be arts and crafts, 35 food vendors, entertainment, beer/wine gardens as well as myself with John L Scott Real Estate if you are interested in getting to know me and the area a little more or know someone who is!
Scroll down the page for a snapshot of how home sales and prices have trended in Edmonds over the past fifteen months. You’ll see sales and inventory levels, $ per square foot values, and inventory levels expressed in months of supply. I use $ per square foot averages as an indicator of how the overall market is trending. Bear in mind the percentages will differ within specific price ranges. It’s interesting to follow the “Pending” sales trend lines which is an indicator of which direction the market is heading. Note that June sales are down 10% from 2013, while Pending are up over 40%. That’s huge!
As of August 4th, the last 30 days have seen an increase in pending sales from 28 to 34 pending sales and a jump from 24 sold in June to 41 sold in July! August will be another big month of closed sales!
The city of Woodinville is most well known as Seattle areas “wine country” and is increasingly known for its local wineries, which showcase wines from grapes grown in Eastern Washington including Chateau Ste. Michelle (well known for their popular summer concert series), Columbia Winery and dozens of other smaller ones. The Woodinville Tourist District is also home to the Redhook Ale Brewery and several fine restaurants including The Herbfarm “destination” restaurant. The downtown area includes Molbak’s Garden and Home, a nationally acclaimed garden center! All that being said, Woodinville is a sought after place to live and has seen only a slight change in market statistics over the past year.
As of July 28th, 2014 there is 2.5 month supply in inventory based on closed sales, which is up slightly from June of this year. What is interesting is that when the current pending sales are added to the mix, months supply of inventory drops down to 1.5. Woodinville itself is a consistently stable market, the months inventory fairly stable over the past year, hovering somewhere between 1.5-2.3 months supply except for a spike in January of this year, which is to be expected during the “slow” season. This makes Woodinville unique when compared to some of it’s neighboring cities, it’s stability and high desirability make Woodinville a safe place to buy a home. The median sale price of homes over the last 90 days was $525,000 while the median current listing price is 475,000. The median sale price and listing price have seen only a slight increase since July 2013.