Friday, September 23, 2016

Seattle Real Estate Market Update

The Seattle real estate market has been in the news for the past year. Prices have been escalating and we've had bidding wars that have been reported in the media for their sheer volume. It's not unusual to hear tales of homes selling for more than $100,000 over their listed price. Finally we're starting to see a bit of a change in the pace. Homes are still selling quickly if they are priced right but we are not seeing as many multiple offers on homes. Now there are only one or two offers instead of 10 or 12 or even more. I talked to one agent who had over 30 offers on a starter home priced in the high $300's.

Every month Windermere summarizes these trends and provides them for us to use in an easy to share format. Here is what they say about the month of August for both the residential and the condominium market.

If you're thinking about buying or selling a home and would like more information, please feel free to contact me.




Monday, September 12, 2016

Art Installation and Ice Cubes

Art can take all forms and shapes and what we consider art can certainly be a personal preference.

I've just read about a new art installation of a giant ice cube! Did you know that the shape of an ice cube can impact how quickly it melts?

"ICE CUBE is a 10-ton sculpture designed by Seattle architecture firm Olson Kundig and assembled from 64 smaller blocks of ice delivered to the park.

It's time to go to Occidental Park and watch ice melt. Ice Cube Melting In Occidental Park

Friday, September 9, 2016

Mood Ring House

                                          photo credit - Suzanne De Vita

I remember having a mood ring. How I loved the fact that it changed color with the temperature of my hands. That part wasn't in the notes however, it simply said that the color reflected your mood.

Well now the mood ring feature has progressed to a mood ring house. This a pretty cool idea. The house has been fitted with LED lamps that represent the owners disposition at night.

This particular home in Fayetteville, Ark.  was conceived by SILO AR+D as an “exploration of how architecture can have different day and night presences with distinct experiential and spatial qualities.”

At night the colors are determined by the temperature of the house as well as what the owners choose. It also sounds like this is not the only color changing house on the block. 

What do you think? Would you like to live in a color changing "mood ring" house?

Thursday, September 1, 2016

Honey for my honey

As a child I loved it when my mother served us honey. As an adult I'm learning more about honey and like what I see and really appreciate the fact that you increase many vitamins and minerals when you add honey to your diet. According to the USDA Agricultural Research Service, one tablespoon of honey contains 64 calories, 17 grams of carbohydrates, plus trace amounts of vitamins and minerals including vitamin C, iron, zinc and selenium. It's also a benefit to the plants because the bees pollinate the plants when they collect nectar from the flowers.

Raw honey can contain pollen which may not be good for folks with pollen allergies but when honey is processed a team of researchers from Utah found that in the processing, nutrients were not removed from the honey but it actually increased the mineral content and the antioxidant qualities of the honey. 

Now honey can have a regional flavor and that flavor will depend on the flowers that have been used for the nectar collection. It never occurred to me however that honey is an animal product and is not considered vegan. 

I think I'm going to buy some different types of honey the next time I venture out to the local farmers market. I wonder which one will be my favorite kind? If you have a favorite, let me know and I'll try to find it also. 

Sunday, August 28, 2016

Seattle Real Estate

Seattle has a very "hot" real estate market right now. In fact, one of the current trends is buying older homes, tearing them down and building new larger homes. For some this is a good thing. New inventory and expensive houses that are current and up to date. For many however this is a problem. The older homes are usually more affordable and in a city where the prices are increasing monthly this is a huge concern. Where are all the smaller starter homes going? It's been reported that developers are tearing down a house a day.  What are the people with new jobs and young families going to do if they want to live in a house but not move to the suburbs. City living is getting to be an unattainable goal for these people. Many are left with few choices and have to more farther away from jobs so the commute is longer. I certainly have mixed feelings and always try to help my clients find the best possible value for the money they can spend. There is no easy solution.
And then developers are doing this.. would you want this home built in front of you?

Tuesday, August 23, 2016

Have You Used Houzz?

With the internet accessibility increasing every day and the popularity of smart phones and tablets it's no wonder that we're seeing more more websites offering advice and services, DIY information, sales, home deliveries of food and drink, dating services and more at the click of a finger. One of the websites that has become more popular in the past several years is a website called Houzz, They have many design ideas for a home owner. Once you've created your account you will have an opportunity to save ideas to an idea book. You can search for vendors, photos, search by rooms, and even looks for stories and advice. For homeowners or renters or just interested parties this is a great place to collect ideas and information for your home resource. Do you collect ideas and save them in the cloud? Do you use Pinterest and Instagram for your search? Houzz might be another website to consider.  Houzz

Thursday, August 11, 2016

Latest Statistics From the Northwest Multiple Listing Service



All of us who live in the Greater Seattle area have been aware of the very "hot" real estate market and the number of offers sellers are receiving on their listed homes. This also means that any buyer that is making an offer on a property has had fierce competition. For a fraction of buyers this has been a success as they have purchased a property but for many buyers it's been discouraging at best as they make offer after offer and are beat out of a successful transaction for any number of reasons. Finally it looks like we're starting to see a correction in the market. There are more properties on the market and there are fewer multiple offer situations. The prices still are increasing but not at the pace they have been in previous months. For now we watch and wait and see but this is still a great time to buy or sell a home because the interest rates are low and we continue to have the demand for homes.

NWMLS Market Update