Stunning New Construction Home $699,950 - Pending in 48 Hours!

Stunning new Built Green 4-star home with mind-blowing 360º rooftop deck!  Smart and stylish design, open floor plan and contemporary sensibilities.  Fantastic location!  Secluded street just steps from park and playfields and minutes to Downtown and Capitol Hill.  3 bedrooms up including a master with en suite bath, 2-car gar, 3 decks, and lower-level bedroom plumbed for an ADU.  You’ll never tire of the 500+ square foot panoramic deck – just add food, drink and friends for endless al fresco gatherings both big and small!

Learn more about this home and check out all photos at my website!

Fiore.WithWRE.com

Awesome and expansive roof-top deck!  You'll never want to leave this spot!

 Wow!  What a kitchen!  Loads of counter space, clean lines and materials, 

wonderful entertaining space for gatherings both big and intimate... 

Did somebody say, "Cooking Class?"

Open floor plans draws you back to this sumptuous living room.

Deluxe master with en suite bath, private, south-facing deck and lots of closet space.

Seattle Real Estate Market Update ~ The Fast Pace Continues

Inventory remains very low and the pace of sale for both distressed (bank owned and short sale listings) and non-distressed homes remains in the 1.5-2.0 month range.  Predictably (and thankfully!), now the condo market is improving.  Last year in April we had 1,153 condo listings in Seattle; this April that number was cut nearly in half down to 653.  The result?  Months of condo inventory based on pending sales dropped from 6.2 in April '11 down to 2.8 in April '12.  Condo values are still lower in a year-over-year comparison, but if this pace continues, we may in time see prices stabilize and rise in this market as well.

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

These charts represent all single-family homes (not condos but including town homes) in all Seattle areas.

Seatte Real Estate Market Update ~ Inventory Way Down, Prices Up

The Seattle single-family home market continued to show signs of improvement in March.  (April statistics are due out in a couple of weeks.)  Highly competitive multiple offers abound and prices in some areas showed marked improvement over last March, with the following areas showing dramatic growth:

• Area 700 - Queen Anne/Magnolia:  up 30.99% - $469,500 to $615,000
• Area 710 - NE Seattle:  up 22.94% - $388,000 to $477,000
• Area 390 - Capitol Hill/Madison Park/Central Area :  up 21.04% - $477,000 to $577,375
• Area 705 - NW Seattle:  up 11.27% - $377,475 to $420,000

It must be noted that prices are fluctuating from month to month and that we are not seeing these big gains on a consistent basis, which to a certain extent is a relief.  This level of growth is a new phenomena, as the market has kicked into a higher gear in the past couple of months.  Conversely, we have not seen this kind of growth  since the boom years.  The effect of low inventory cannot be understated.  Months of inventory based on pending single-family home sales is down to an anemic 1.7 months.  Segregating non-distressed homes and distressed homes (ie:  short sales and bank-owned properties), months of inventory for the two categories continue to be nearly equal, clocking in at 1.7 and 2.1 months respectively.  Values are up year-over-year from $380K to 411K, with non-distressed homes selling at median price of 460K and distressed homes plummeting to 218K.

Lack of inventory is seen at all price points, areas, and property types.  Seattle condos show an improved position, and moving out from the Seattle and Eastside core, lowering inventory in the outskirts of King County and into Snohomish and Pierce Counties may be finally slowing depreciation.  The seeds of stability can be seen in a colony of North Seattle town homes I recently analysed, where prices had grown from roughly $290K to $320K in one year's time.  Growth of this magnitude in the city is hopefully a harbinger of growth moving outward into the rest of the region.

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

These charts represent all single-family homes (not condos but including town homes) in all Seattle areas.
 

Casa Fiore's Cucina Returns Saturday, May 19th!

You are invited to another round of food and fun in Casa Fiore's Cucina Cooking Class!  We'll learn some new but classic dishes, savor copious amounts of good eats and drinks, and enjoy lots of laughter courtesy of my lovely wife Lisa, aka Miss Intermission!  This is a can't-miss event!  Let me know if you'd like to join us...details below.

Fantastic Vashon Island Beach Home Just in Time for Summer