18 July 2012

Seattle Real Estate Market Update ~ Market Still Moving

Our summer market continues to sizzle as it has all year.  Months of inventory based on pending sales slowed just a bit, from 1.8 months in May to 2.0 months in June.  Though the market might be a notch slower, prices were up 11% over last year in the residential market, condo values increased on a year-over-year basis for the second consecutive month, and it is clearly still a seller-friendly market.  We are approaching the dog-days of summer when things traditionally slow down a bit toward the end of August.  It will be most interesting to see if this frothy trend continues into the fall.

Below you will find detailed statistics.  As always, let me know if I can be of help in anyway! 

These charts come from Trendgrafix, Inc. and represent all single-family homes (not condos but including town homes) in all Seattle areas.


From the Gardener and Chef ~ 10 Ways with Summer Tomatoes

The tomato, luminary of the earth,
repeated and fertile star,
shows us its convolutions, its canals,
the illustrious plenitude and the abundance
without pit, without husk, 
without scales or thorns,
the gift of its fiery color
and the totality of its coolness.  

-Pablo Neruda, "Ode to the Tomato"
 
So, how are your tomatoes?  My cherished Brandywine, Speckled Romas, and San Marzanos are getting close, which means loads and loads of these garden jewels.  I’ve shared many tomato-based recipes throughout the years.  Here is an anthology of some of my favorite preparations.  Asterisked preparations are Casa Fiore favorites and complete recipes can be found below!

#1:  Bruschetta*. Grilled bread rubbed with garlic, drizzled with good extra virgin olive oil, topped with garden tomatoes and basil. 
#2:  Simple salad of tomatoes drizzled with olive oil and tossed with any combo of cucumbers, basil, or dried oregano. 
#3:  Quick ‘n’ sassy sauce to enjoy with pasta.
#4:  Salmorejo*. Impassioned and exotic Andalusian specialty. A sultry sister of gazpacho that will keep you wanting more.
#5:  Insalata Caprese. Famous Italian dish of mozzarella (make it high quality whenever possible!), tomatoes, and basil.
#6:  More tomatoes than you know what to do with?  Take The Lazy Man’s Approach to Canning and throw them in the garage fridge in gallon zip locks.  However unromantic this may sound, these will be this winter’s tastiest sauce tomatoes.
#7:  Salsa*!  Lots of easy recipes out there.  Check out these Pico de Gallo and Salsa Chipotle recipes from Cesar of Tacos Guyamas on Green Lake.
#8:  Throw some beefy tomatoes on the grill with fresh garden veggies like zucchini and peppers and seasoned meats.  Slice them up and let all of those savory juices mingle!
#9:  Oven-dried tomatoes*.  Unfortunately, we don’t get Southern Italian summer heat.  But slice your tomatoes 1/4” thick, set the oven on low, and you’ll be singing O Sole Mio.
#10:  The best way to eat tomatoes?  In the garden right off the vine.  Plunge into the fruit and devour it whole!

Oven-dried Tomatoes
Exclusive CasaFioreOnline.com Recipe!
1. Rinse and dry tomatoes.  You can use an assortment of varieties or choose just one type  of tomato.  Using just one variety will result in more evenly-dried results.  While this is a great way to store an over-abundance of home-grown tomatoes, I've even purchased decent Costco tomatoes in the winter and turned them into something truly memorable.
2. Slice into roughly 1/4 inch thick slices.  Rub a cookie sheet with olive oil.  Place in oven at roughly 250 degrees.  Oven temperatures vary, so you will have to watch this a bit and dry to desired level.  My rule of thumb with my gas oven is 250 degrees for 2 hours.
3. Allow to cool.  Drizzle with olive oil, dust with salt and enjoy immediately as an antipasta.  Conversely, these can be preserved in the fridge for up to a week or stored in the freezer and enjoyed as a ray of sunshine once winter kicks in.

From the Kitchen of TACOS GUYAMAS  ~  Cesar’s Salsas
Casa Fiore #7, June 2004
In 1992, I spent a summer as a volunteer English teacher in Cuautla, a tiny pueblo in rural Jalisco, Mexico.  I taught students ages 4 to 74 that summer and had one of the most unique experiences of my life.  Skip ahead to 1998, back at home in Seattle, as I walk into a new Mexican restaurant in my Green Lake neighborhood.  I step up to the counter, ready to order, and there, behind the register, to my astonishment, is Cesar, one of my former students all the way from Cuautla!  Now an adult and speaking magnificent English, Cesar had opened a restaurant in my own backyard.  Today, Tacos Guyamas is one of the most popular spots along Green Lake and one of my all-time favorite restaurants.  Try Cesar’s special salsas—they will really make your tomatoes sing!

Cesar’s Salsa Mexicana (or Pico de Gallo)

1. Chop the following into corn-size pieces:  3 medium garden fresh tomatoes; 1/2 cup onion; 4-6 serrano peppers or a milder pepper of your choice; 1/2 cup of cilantro; juice of two lemons; 1/2 teaspoon of salt.
2. Mix all ingredients and serve with guacamole and chips.

Cesar’s Salsa Chipotle

1. Boil the following ingredients for 7-10 minutes:  1 cup water; 2 large, peeled, homegrown tomatoes; 12 dried chipotle chiles; 1 clove of garlic; 1/2 teaspoon of salt.
2. When done, puree all ingredients in a food processor. Serve with chips and your favorite cerveza mexicana.
Bruschetta
 Casa Fiore #8, July-August 2004

Fresh, fast, and sublime, try this for easy “al fresco” dinning!
1. Heat grill to medium.  (Instructions for toasters/broilers below.)  Peel 1 LRG. CLOVE GARLIC and set aside.
2. Dice 2-3 LARGE GARDEN FRESH TOMATOES and mix in a bowl with A HANDFUL OF SHREDDED BASIL and set aside.
3. Cut 6 ONE HALF INCH SLICES OF RUSTIC BREAD.
4. Grill bread until toasted—a few blackened spots add a touch of flavor and aesthetic character.  Alternatively, the bread can be toasted under a broiler or in a toaster.
5. Rub one side of toasted bread with garlic and then set on a plate and drizzle with good quality OLIVE OIL.
6. Spoon tomato/basil topping over toasted bread, sprinkle with SALT, and serve immediately.
Salmorejo
 Casa Fiore #9, September 2004 
***Please scroll down to my September 23rd, 2011 posting 
of my daughter and I preparing this tasty dish!

21 June 2012

Seattle Real Estate Market Update ~ I'm Abuzz About Seattle Condos and Snohomish County Values!

It's funny what gets you excited.  As a teacher, a few more details and a richer adjective or two from a single student could send me into outer space.  Now as a realtor entering year ten, seeing appreciation in markets that looked like wastelands just months ago makes me weak in the knees.  I regularly watch the Seattle condo market and keep an eye on Snohomish values as well.  The signs have been there for improved performance:  like the Seattle single-family market, inventory is down roughly 40% over last year at this time.  Still, prices have been falling in both markets for several years.  But that was not the case this May!  It made my week to see both markets UP over last May by roughly 7%!!!  I'll be the first to point out that this is one isolated month; give me 6-12 months before we really start to celebrate this appreciation as a trend.  Yet, never in my wildest dreams did I expect to see any kind of appreciation in these markets for several months, if not a year or more.  Yes, this certainly could be an aberration.  However, even a month or two of increases like these show phenomenal improvement over the wasteland of the recent past.

The Seattle single-family market continues to be hot.  Inventory in May was lower than it has been at anytime since the downturn, with 1.7 months of inventory based on pending sales - in other words, that red line continues to inch closer to the rave green bar on the graph below.  May prices are up year-over-year from $389K in '11 to $425K in '12.  Those who prevail in the ubiquitous multiple offer scenario oftentimes have to go 10-15% above asking price. 

Below you will find detailed statistics.  As always, let me know if I can be of help in anyway! 

These charts come from Trendgrafix, Inc. and represent all single-family homes (not condos but including town homes) in all Seattle areas.

From the Chef ~ Homemade Cannoli!

 

Good news!  Cannoli sightings are becoming more and more prevalent here in the Emerald City!  It used to be that you’d have to make an order from Brooklyn or catch a flight to the island of Sicily to get one.  Truth be told, cannoli are relatively simple to make.  And a homemade cannoli made with quality ingredients is a real treat.  I come from Barese and Napolitano roots, so we had no secret Sicilian recipe in the family.  Thus, I headed out on the internet and bumped into several recipes I liked.  This one is quite close to Mario Battali’s recipe, though I’ve backed off on some of the flavorings to allow the richness of the ricotta to rise to the top.  Questions?  Let me know!

1. Drain 1 lb. whole milk ricotta of all excess moisture for 30-60 minutes, depending on the level of moisture in your ricotta.  You could even skip this step and the filling will still be great.  I like to use the best quality ricotta I can find, and homemade ricotta is usually it (posted below on 3/19/12 on CasaFioreOnline.com).  However, I’ve had great results with stuff as pedestrian as Whole Foods 365 label ricotta.
2. Mix ricotta with 1/2 cup superfine sugar, 2 tbsp. fresh lemon juice, 1 tbsp. orange zest, 2 tsp. vanilla, and 1/4 cup tiny chocolate chips (or chop up regular chocolate chips).  Place mixture in a gallon zip lock bag and chill for 1 hour or more.  Small amounts of cinnamon, candied citron or lemon peel, and pistachios can add variety.
3. Purchase a box of six cannoli shells; I’ve found them at Metropolitan Market and PFI.  If you are ambitious, there are plenty of recipes on line.  Snip off a corner of your bag and pipe in the filling just when ready to serve.  Soggy cannoli really bum me out.  Enjoy with caffè e liquori.

Casa Fiore #67: Published, Posted, and in the Mail!

This month's offerings include:
  • From the Chef:  Cannoli!
  • The Windermere Foundation grants $2000 to University Food Bank
  • Just Listed:  Stunning New Construction Home $699,950
  • Just Sold with Multiple Offers:  Big Queen Anne Dutch Colonial Fixer
  • Client Testimonial:  "Fiore continues to offer advice even after we have moved into our home, which further shows his professionalism and integrity."
Stay tuned to CasaFioreOnline.com for the web release of selected articles.  Care to join the hundreds who receive the old-fashioned, snail mail version of Casa Fiore at their door step?  Send along your address and let me know!