Market Mondays: Kirkland- Juanita Neighborhood

As a resident and home owner of both a rental property and primary residence in Juanita, I may be a little bias to this community.  However, there is good reason for that….with still semi affordable home prices relative to the rest of Kirkland, proximity to Lake Washington and a growing community… this area is on fire!

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In the 1920’s, Juanita was home to the Juanita Beach Resort complete with a 2-story bath house and an amusement park!  The Juanita neighborhood is defined as NE 145th to the North, I-405 to the East, NE 132nd to the South and 100th Ave NE to the West.  In analyzing this specific market’s housing data, the biggest growth in property values are happening South of 124th and East of 98th with close proximity to Lake Washington and new construction developments on the horizon.

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We are in a market where there is extremely low inventory!  As of October 19th, 2015 there are 12 active residential listings (excluding town homes and condos) in the Juanita neighborhood.  The price range is $359,950-$2.375M with a median list price of $715k.  An interesting observation is that $359,950 on the lowest end is located North of 124th, whereas the second most affordable listing is $499,950 located South of 124th (if you’re really interested in location specifics).

In the last 180 days, 17 homes are pending ranging from $350k-1.2M, with a median pending price of 625k.  To elaborate on pending, there have been 41 homes sold in the last 180 days ranging from 290k-1.15M, the median sale price was 500k and the average days on market is 8 days!!!  Another interesting note that I touched on in a previous blog post regarding pricing…homes that were priced strategically day 1 were the ones that sold in 8 days or less, AND sold for an average of 25k more than asking price!  The graphs below show months supply of inventory as well as list/sale price ratio graphics. (Note: the graphs only show data through September)

As you can see, the sale price/list price ratio is at or above asking price, this takes into consideration all of the data, including the homes that have sold for significantly over (all 8 days or less) as well as the homes that started out higher and dropped the price.

As of October 19th, 2015 Juanita has 1.5 months supply of inventory.  You can see that in August and September the months supply increased.  In my opinion, there were not many quality listings that came on during that time frame, and the ones that did come on the market were probably priced too high.  Those have since been absorbed but I will do another post updating the sale prices of these homes as we will see this impact in the market in October/November.

According to NWMLS September press release:

“Scarce inventory, new rules for mortgage closings and affordability concerns will likely slow home sales around Western Washington during the remaining months of 2015 and into early 2016, according to spokespersons from Northwest Multiple Listing Service.”

The “slow” months are a great time to both buy and sell a home.  Buyers will have less competition in a less frenzied sellers market and sellers will have little competition and attract serious buyers.  If you want “unbiased” real estate data, check out Seattle Bubble…it’s a great, data driven blog that illustrates some of the realities of the market.   It’s a nice balance to the sometimes “ra-rah” information coming from real estate professionals or skewed information from the media, but I always advocate clients to gather information from credible sources and think in a world where LOADS of information is available, it’s hard to sift through what is fact and what is BS.

I always welcome feedback, comments and questions so shoot me an email or text if you have any of the aforementioned!

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Live Washington: Valentines Day Getaway

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This week in the “Live Washington” series, we are getting into the spirit of love in honor of the beloved consumer holiday, Valentines Day.  Whether or not you are single or coupled up, these mini getaways are a great alternative to the traditional activities, as well as another perfect excuse to see what Washington has to offer it’s residents.

I hope your week is full of love and am so grateful for all of the amazing people that make up this incredible community I get the privilege of living in.  

The Heron Inn & Day Spa
117 Maple Ave.
La Conner, WA 98257
(360) 399-1074
www.theheroninn.com
Located in the artist town of La Conner, The Heron Inn & Day Spa is near both the small town art galleries and Fir Island. La Conner is a small town, filled with wonderful restaurants and art galleries. It sits on the Swinomish Channel, across from Hope Island. The channel is home to otters, great blue heron and other wildlife. The galleries feature local Pacific Northwest artists of all disciplines. The Next Chapter Bookstore & Coffee House has some of the best coffee in town, and great selections of books. The La Conner Pub & Eatery has wonderful fish and chips, burgers and other food. In the other direction, Fir Island is the wintering grounds for 40,000 to 60,000 snow geese. The birds feed in the wintering farm fields along Fir Island Road and other areas throughout the island. A stay at this inn will fulfill your wildlife fix with your loved one.

Crystal Mountain Ski Resort
33914 Crystal Mountain Blvd.
Crystal Mountain, WA 98022
(360) 663-2265
www.crystalmountainresort.com
If I had to choose, this would be my perfect getaway….Crystal Mountain Ski Resort is located about two hours from Seattle. It is situated off Highway 410 and near Mount Rainier. The resort offers runs for beginners through advanced skiers. Equipment is available for rental or purchase at the Mountain Shop (base area) and the RDL Test Center (top of the gondola). They both offer opportunities to test out the latest equipment and will take the rental fee off of the purchase price. The resort also offers guided snowshoe tours. Lodging is available in the area and is listed on the website.

A Tree House Retreat

A Tree House Retreat is a romantic getaway in the trees. The Tree House has views of the forest and Puget Sound (looking west). A continental breakfast is included, and guests can make an appointment with Whidbey Wellness in the Woods for a rejuvenating massage. The beach is a 1/8-mile walk, with views of the Olympic Mountains and Puget Sounds. Other areas to visit in the area are Fort Casey State Park, South Whidbey Island State Park and Fort Ebby State Park. The area is home to deer, raccoons, eagles and more. Reservations are required.

Salish Lodge & Spa
6501 Railroad Ave. S.E.
Snoqualmie, WA 98065
(425) 888-2556
www.salishlodge.com
The Salish Lodge & Spa is located at the scenic 270-foot Snoqualmie Falls near North Bend on I-90. The lodge is the perfect place for a pampered getaway for any couple. The spa facilities are first class, offering a variety of services for both men and women. The four-star restaurant is one of the best in Western Washington, and looks out over the falls. In North Bend, the avid shopper can explore the North Bend Premium Outlet Mall, which includes stores like Reebok, Eddie Bauer Outlet, Wilsons Leather, Rocky Mountain Chocolate Factory and more. For those who love the outdoors, the lodge is next to Snoqualmie Falls Park, which has two observation decks overlooking the falls.

Argosy Cruise
1101 Alaskan Way
Seattle, WA 98101
(206) 622-8687
www.argosycruises.com
The Locks Cruise is 2.5 hours of seeing Seattle and Ballard from the water. It starts at Pier 56 on the Seattle waterfront and ends at Lake Union. Visitors are brought back to the pier via motor coach, which takes about 15 minutes. The tour starts in Elliott Bay, goes around Magnolia, through the Hiram M. Chittenden Locks, and finishes in Lake Union. Local history and current sites are shared throughout the trip. Tours are discounted if booked more than one month in advance. The company offers several other tour options that cover the Seattle waterfront, Tillicum Village, Lake Union and Lake Washington areas.

Home is where the heart is; Creëer jouw lievelingshuis - Blog - ShowHome.nl

And remember, YOUR referrals are the HEARTBEAT of my business. Thank you all, love and blessings to you and your families.

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Market Mondays: Kirkland

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Happy Monday everyone! The Holidays are over, football season has ended and the post Super Bowl depression has started to lift…that means people are getting back into thinking about real estate!

This week, we are taking a quick look at the current market in Kirkland, Washington.  If you want to see what is happening in your immediate neighborhood, download my app at http://jlsapp.com/rachelwagner , this will show you all the active listings in your area as well as pending and sold! It’s a great resource to have at your fingertips and I use it personally daily and clients also love it! If you want more information on a property, you can request it on the spot and I will get back to you immediately.

Currently, there are 105 active listings in Kirkland, ranging from $234,000-3.4 million with a median list price of $900,000.  In the last 90 days, there have been 116 residential/condominium sales ranging from $220,000-3.12 million, with the median sale price of $860,000.  The graph below shows months of inventory based on closed sales.  Currently, we are in what is considered a “sellers market” with 1.8 months supply of inventory, up slightly from the end of December and similar to the numbers seen in January.  As we move into the Spring months, this may fluctuate slightly with the increase of inventory.  With historically low interest rates, however, it’s a great time to purchase a home in any area…Kirkland being one of the hottest markets in the greater Seattle area.

The home below is listed for $489,500 on 112th st in Kirkland, Washington and is a perfect home for first time home buyers on a large lot, beautifully updated and located near the Kirkland Corridor trail, elementary school, gym and within walking distance from Juanita beach park and shopping.  Call/text 425.324.0302 if you are interested in more information.

Live Washington: 5 “Cozy” Winter Getaways

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This week, we are embracing the sometimes bittersweet rainy season the PNW has come to be known for. As cold weather arrives, anyone looking for a weekend getaway often has “cozy” on the list of criteria. Here are 5 cozy getaways around Western Washington (and it’s a good time to enjoy low-season rates).

1. Coupeville Inn

Winter is the quiet season on Whidbey Island, but Penn Cove mussels are still fresh and salty in local restaurants and a hike at Ebey’s Landing will wake you up when Strait of Juan de Fuca winds blow. Afterward, cozy up in the pink lady of Coupeville, the Italianate Kineth House, part of the Blue Goose Inn, or one of the rustic madrona-log rooms of the Captain Whidbey Inn.

2. Tokeland Hotel

This funky/delightful historic inn at the upper edge of Willapa Bay has a view of old orchard trees and meadow-grazing deer rather than the ocean, but a 5-minute drive puts you on a sandy beach. Wine and Scrabble in front of the fireplace. No TV, no phones. A true winter getaway.

3. Lake Quinault Lodge

Rain, rain and more rain grows record-size trees here, and the rainy season is the right time to get cozy with a chess board and a cocktail from the bar in the lodge’s pleasantly-wood-smoky lobby. Dine in the Roosevelt Room, named for FDR from his 1937 visit where he fell in love with the area. Nine months after his visit, Roosevelt signed a bill creating Olympic National Park. Today, you can enjoy incredible food and drink, as well as panoramic views of the Lake and the mountains beyond.

Quinault Lodge

Quinault Lodge’s Beautiful + Cozy lobby

4. Ashford cabins

When the snow flies at Paradise in Mount Rainier National Park, it’s a wintry wanderland for snowshoers and inner-tubers. If braving the cold and staying at Camp Muir isn’t your cup of tea, there are plenty of rental cabins at the foot of Mt. Rainier, most with fireplaces, many with hot tubs, all just right for snowy getaways!  Try Stormking Cabins(this is definitely our next adventure!). Or check other cabin listingshere.

Three Bears Lodge view of the mountain

Cozy Mt. Rainier Cabin

5. Iron Springs Resort

This historical collection of bluff-top Mocrocks Beach-area cabins in Grays Harbor County underwent a major makeover a couple years back, so the original 1940s look has gotten a freshening up like there was a shipwreck of interior decorators out front. But the sandy Pacific beach is still classic, with razor-clam digs when the season’s right.

Live Washington: Winthrop

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Happy New Year Everyone! Week 2 of the “Live Washington” series will kick off with Winthrop, Washington which is best known for its winter recreation, sunshine, and dry snow!

Winthrop is home to the nation’s largest cross-country ski area and some of the most acclaimed snowmobiling and backcountry skiing around. Ski, snowshoe, sled, shred, or skate, the Methow Valley has it all.

Winthrop has 120 miles of groomed, interconnected trails, surrounded by more than a million acres of wilderness and forest lands, the Methow Valley is a beautiful getaway during the long winter months.

Winthrop also boasts Methow Trails, which operates the nation’s largest cross-country ski area of 120 miles of trails where Kids 17 and under ski free everyday on the cross-country ski trail system.  The Loup Loup Ski Bowl operates another 23 kilometers of Nordic trails which is also located just a hop, skip and a jump from the downhill ski hill.

If you enjoy back country skiing as much as my fiance and I do, Winthrop is just the place for you. Most local back country skiers will head up Highway 20 for ski-from-the-road access, or to the end of the plowed road and snowmobile in from there. The options are endless in the Methow Valley!

The Summer months in Winthrop are equally amazing, with an abundance of road/mountain biking opportunities, climbing, camping, golfing, farmer’s markets and according to Winthrop’s website you can also:

“Soar the skies above in a bright balloon, or experience the country at eye level by foot, hoof and pedal! Or stay close to the turf—play 18 holes on a certified Audobon Course. For the less serious golfer, putt-putt can be found right in downtown Winthrop, right next to Sheri’s Sweet Shoppe. Cool off on by floating the river, or paddling the lake.”

Winthrop is a great option for a vacation home for you and your family.  It’s also a good opportunity to have a rental property like the one displayed below, for an affordable $225,000.  The grounds and exterior maintenance of this 2005 condo are managed by the HOA (which means your driveway will always be plowed).  You can utilize your 3 bed, 2+ bath Methow Valley vacation cabin yourself, as a nightly rental, or both. Stay here on your next trip & check it out! If you are interested in this please email me at rachelwagner@johnlscott.com or call/text 425.324.0302.

Live Washington: Leavenworth

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Leavenworth is where Bavarian charm and the Northwest meet, located on the Eastern cusp of the Cascades 2 1/2 hours from Seattle.  Not only is it a mecca for recreation, with endless opportunities for climbing, camping, mountain biking and golfing in the spring and summer months and skiing, sledding, cross country skiing and ice climbing in the winter, the town is also jam packed with festivals and events in almost every month.  

The Live Washington series will explore some of the best places to visit and invest in vacation homes or rentals that are accessible, family friendly and embody the Pacific Northwest lifestyle that draw us to call this place home.  I am excited to share these places with you, and am inspired by the beauty that is so close to home!

Leavenworth is an affordable and beautiful place if you are looking to purchase a second home.  The median sale price in Leavenworth for the last 90 days is $325,000 with prices ranging from $150,000- $1 million there is something for everyone here.

Beautiful waterfront home with lake and mountain views + close to downtown Leavenworth

cozy open floor plan + perfect setting for family gatherings

Magical Holiday lights in downtown Leavenworth

Hiking + Mountain Biking destinations in Spring/Summer months 

Market Mondays: Kirkland Condos and Holiday Happenings

Happy Monday everyone! Can you believe it’s almost Christmas? It’s been an amazing year and I can’t wait to see what 2015 has in store personally and professionally. I am grateful to be part of such an exciting and dynamic time in real estate.  Nothing is more fulfilling than walking alongside each and every one of you through this process.  While most people don’t think of the holidays as a good time for house-hunting, that may be just the reason to do it. Less competition with other buyers and more motivated sellers can mean a smoother transaction and more leverage in the negotiation process.

This week we are taking a quick look at the Kirkland/Bridle condo market.  There have been 94 condominiums sold in the last 90 days, ranging from a low of $105,500 – $3.1 million with a median sale price of $350,000.  With 43 active listings ranging from $169,950 – $5.75 million and a median listing price of $375,000 there is about 1.4 months supply of inventory in the market! There is typically a shortage of inventory during the winter months, however, sellers are still seeing 98% percent of their listing price…people are still buying houses! With low interest rates and a healthy market, it is a prime time to buy and sell!

As we move into 2015, where do you see yourself next year? Is buying your first home or perhaps moving into a larger home one of your goals? I have talked to a lot of people who are looking into buying homes in 2015 and I challenge you to write down what that looks like for you! We have a lot of exciting things planned and will be holding a webinar workshop for First Time Home-Buyers in January that will take you step by step through the process as well as allow for any questions you may have….so stay tuned and get your questions ready! 

As a continuation of last week and as I can’t help but marvel at all the beautiful light displays, there is one house that has developed quite the reputation in the Kirkland neighborhood AND shows huge support for our beloved Seahawks.  Dubbed the “Seahawks House” by locals, this home is a sight to behold, it’s one you MUST check out for yourself! Merry Christmas and Happy Holidays everyone!

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