Case-Shiller: Home Prices Rise Over 3 Months, Analysts Discuss - 06/30/11 11:06 AM
Case-Shiller's widely-watched home price indices came through with their first positive pricing numbers this year, giving some hope that housing markets are stabilizing nationwide.  The 0.7% increase in home prices from March to April is actually based on a 3 month rolling average, which may actually signal that prices have been rising for longer than the one month measurement:
In what Standard & Poor's analysts described as a "welcome shift from recent months," the closely watched S&P/Case-Shiller index showed its strongest positive movement since June of last year with the release of Tuesday's report.
The 20-city composite reading posted a 0.7 … (0 comments)

Seattle Houseboats Under Fire: Shoreline Master Program Changes Could Force Owners Out - 06/29/11 10:49 AM
Proposed changes to Seattle's Shoreline Master Program have the houseboat communities on Lake Union up in arms.  The regulators from Seattle's Department of Planning and Development are drafting updates to the shoreline guidelines, and some restrictions are aimed directly at lowering the number of allowable liveaboard residents on the lake.

While Seattle residents have lived in a wide array of vessels, barges, and floating homes on Lake Union since the city's founding, there has been an ongoing effort to reduce that population through environmental regulation.  The current revision to that plan would limit marinas to renting a maximum of 25% of their … (0 comments)

Don't "Like": Couple Receives Foreclosure Notice on Facebook - 06/23/11 11:36 AM
Another reminder that your public Facebook profile is being viewed by more than just your friends:
A couple in Australia has received the worst kind of wall post.  After they defaulted on their mortgage, the bank who owned their loan couldn't locate their current address or email address.  After searching extensively, the couple's public profiles were found on Facebook.
Since the Facebook users had posted their birthdates on their profiles and friended one another, the bank investigators could verify that these were, indeed, their defaulting borrowers.  Realtor.org reported that bank officials served the couple with a foreclosure notice, and Australian courts upheld … (6 comments)

Summer on the Seattle Waterfront: New Waterfront Listings, Sales Sizzle - 06/21/11 12:13 PM
It's summertime in Seattle, and the waterfront is the focal point of summer relaxation and celebration.  The waterfront real estate listings have been picking up significantly recently, with the best showing times of the year on the way. King County waterfront statistics:

In the last 30 days, 127 new listings of waterfront homes in King County have been added to the NWMLS.  Of those, 39 were listed for over $1,000,000 and 19 for over $2,000,000.
61 waterfront homes have gone pending in the last 30 days.  Of those, 17 were listed for over $1,000,000 and 10 for over $2,000,000.
48 waterfront homes … (0 comments)

Wall Street Journal: Why It's Time To Buy - 06/16/11 11:45 AM
The Wall Street Journal's recent report on the state of the real estate market makes the case that even with current economic conditions, there are enough positive factors in housing to make buying a good prospect.  Interest rates and affordable prices drive the conclusion:
"...there are growing indications that it is a good time to buy. Mortgage rates, which fell to 4.55% for the week ending June 2, according to Freddie Mac, are near 50-year lows. Homes have become more affordable than they have been in years: According to Moody's Analytics, the ratio of home prices to income is now 20.9% … (1 comments)

Laurelhurst Waterfront Homes: Laurelhurst Waterfront Real Estate Sales, YTD 2011 - 06/10/11 11:48 AM
The top waterfront home sale in the city of Seattle so far this year is a Laurelhurst waterfront home on 55th Ave NE which sold for just under $2 million.  While waterfront sales are up, the highest-end homes have been slower than the rest of the waterfront market in Seattle.  A fair number of Eastside waterfront homes have sold in a higher price range during the same period.
Laurelhurst Waterfront Homes Sold, YTD 2011
… (0 comments)

Northwest Seattle Waterfront Homes: Broadview and North Beach Waterfront Real Estate Sales, YTD 2011 - 06/10/11 11:40 AM
Two Northwest Seattle waterfront homes were sold so far in 2011.  These homes in Broadview and North Beach came in significantly under $1 million, continuing the trend of increasing sales volume but downwardly-adjusted prices for waterfront homes.
Northwest Seattle Waterfront Home Sales, YTD 2011
… (0 comments)

Magnolia Waterfront Homes Sold, YTD 2011 - 06/10/11 11:22 AM
Sales of Magnolia waterfront homes have been slow to start 2011, even with the general Seattle waterfront real estate market being stronger than normal.  A single waterfront homes was sold on Perkins Lane so far this year, at just under $2 million.
Magnolia Waterfront Home Sales, YTD 2011
… (0 comments)

South Seattle Waterfront Homes: South Seattle Waterfront Real Estate Sales, YTD 2011 - 06/10/11 11:16 AM
Four South Seattle waterfront homes have been sold so far in 2011.  Three of the homes are along Lake Washington waterfront on Rainier Ave S, while the fourth home was in Seward Park.
South Seattle Waterfront Home Sales, YTD 2011
… (0 comments)

Lake Union Waterfront Homes & Houseboats: Real Estate Sales, YTD 2011 - 06/10/11 11:11 AM
Nine Lake Union Waterfront Homes have been sold so far in 2011.  These include lower-priced houseboats on Westlake Ave, mid-priced floating homes on Eastlake and Westlake, and a traditional single family waterfront home on Portage Bay.
Lake Union Waterfront Home Sales, YTD 2011

… (2 comments)

West Seattle Waterfront Homes: Waterfront Real Estate Sales, YTD 2011 - 06/10/11 10:55 AM
There have been two West Seattle waterfront homes sold so far in 2011.  A home on Beach Drive sold for $950,000 and a second home in Arroyo Beach sold for $1.24 million.  These higher-priced sales are good for keeping the luxury market moving along.
West Seattle Waterfront Homes Sold, YTD 2011
… (0 comments)

Harvard Housing Studies: Major Housing Shortage Projected - 06/09/11 10:17 AM
Researchers at Harvard University's Joint Center for Housing Studies are forecasting that the lack of new construction building in the current real estate market will create a long-term shortage in housing availability.
"With inventories of new homes at historic lows, a turnaround in demand could quickly result in tighter markets," the report notes. "Over the longer term, the number of younger households is set to rise sharply, supporting growth in the population that fuels growth in both new renters and first-time buyers. The path of the economy and evolution of the mortgage market will determine when and if this increased demand materializes."
… (3 comments)

Where's the Shadow Inventory? Seattle/NWMLS Real Estate Inventory Down 13% - 06/08/11 11:15 AM
Have you read a scary article about "Shadow Inventory" lately?  There have been countless stories in the past year about the impending shadow inventory that will soak the market soon, and how it will doom prices for the real estate market indefinitely.  The shadow inventory, although defined differently by different groups, is said to include a glut of bank-owned/REO homes that haven't been released on the market yet, as well as home sellers who are ready to sell, but are waiting for the market to get better.
During that same time, the current inventory of homes for sale in the Seattle area has actually been decreasing.  … (0 comments)

North Lake Washington Waterfront Homes: Kenmore and Lake Forest Park Waterfront Real Estate Sales - 06/07/11 09:50 AM
When reporting on Lake Washington's waterfront, some of the smaller communities sometimes fly under the radar.   This is often the case with Lake Forest Park and Kenmore, both of which provide beautiful locales for waterfront living.
Four waterfront homes have been sold thusfar in 2011 in these cities.  Kenmore provides some particularly inexpensive properties with access to Lake Washington, as many homes along the Sammamish river are just a short trip downstream to the lake.  In addition, there are a number of traditional waterfront homes, like the $1.5 million home along the shoreline of Inglewood Golf Club that sold in March.
… (0 comments)

40+ Greater Seattle Waterfront Homes Open Today (Sunday June 5) - 06/05/11 03:03 PM
The Nationwide Open House put on by the National Association of Realtors has really caught on with the great weather in Seattle this weekend.  There are over 40 waterfront homes scheduled on the NWMLS to have open houses today (usual hours are from 1-4 pm, but individual homes can have different schedules).
The current list of waterfront open houses today from all brokerages:
Address City Price Beds Baths Sq Ft MLS #
Bellevue10516 SE 29th St Bellevue $1,849,500  4 4 5,324 228,03810401 SE 30th St Bellevue $3,150,000  6 5.25 5,950 184,2552950 W. Lk Samm Blvd Bellevue $1,950,000  5 3.25 4,370 229,89917624 SE 40th Place Bellevue $1,999,950  4 4.75 3,971 220,232258 W Lake Samm Pkwy Bellevue $2,900,000  4 4 5,940 118,8043235 Hunts Point Rd Hunts Point $3,860,000  4 3.25 2,990 108,4743236 Hunts Point Rd Hunts Point $4,800,000  4 4 4,210 179,8043661 Hunts Point … (0 comments)

Bargain Sales Dominate Hunts Point, Yarrow Point Real Estate - 06/04/11 11:16 AM
Sales of homes in the affluent communities of Hunts Point and Yarrow Point have been anything but normal thusfar for 2011.  While most homes in these areas are multi-million dollar estate, many with Lake Washington waterfront shorelines, there are a handful of lower-priced homes.  These are usually a small slice of the actual sales numbers, but recently a larger-than-normal smattering of those sales have sprung up. 

The reasons for the lower prices on these homes are usually apparent quickly--proximity to SR520, uncharacteristically small home, or some feature of lot that doesn't lend itself to these neighborhood's usual standard of space, privacy, … (2 comments)

30+ Seattle Waterfront Homes Take Part in Nationwide Open House Weekend - 06/03/11 11:37 AM
The National Association of Realtors has designated this weekend, June 4-5, as the National Open House weekend.  Thousands of homes will be held open in Washington State, including a large number of waterfront homes.

From the NWMLS, this is the current list from all local brokerages with public waterfront open houses scheduled in the greater Seattle area:
Waterfront Homes Open This Weekend:MLS# Address   City  Price  Beds Baths Sq Ft
Bellevue Waterfront Homes229899 2950 W. Lake Samm Blvd Bellevue $1,950,000  5 3.25 4,370220232 17624 SE 40th Place Bellevue $1,999,950  4 4.75 3,971118804 258 W Lake Samm Pkwy SE Bellevue $2,900,000  4 4 5,940
Burien Waterfront Homes     216471 16935 Maplewild Ave SW Burien  $939,000  3 3 2,980223372 1621 SW 152nd St Burien  $950,000  3 3.25 4,680
Hunts Point Waterfront Homes      108474 3235 Hunts Point Rd Hunts Point $3,860,000  4 3.25 2,990
Issaquah Waterfront … (2 comments)

Strong Mercer Island Waterfront Homes Sales In April Drive Big YTD Sales - 06/01/11 03:17 PM
Mercer Island waterfront homes are showing strong sales to start the year in 2011.  Waterfront real estate sales so far are up more than 60% as compared to the same period in 2010.  Thirteen waterfront homes have been sold, including an oustanding month of April in which 7 homes sold.
There was a large rush in late 2010 for waterfront real estate in Mercer Island, and those big sales numbers led to slower sales in the beginning of 2011.  If the April numbers show us anything, though, the Mercer Island waterfront is about to start moving along briskly again for the … (0 comments)

 
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Sam DeBord - Seattle Real Estate Broker

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Seattle Waterfront Homes - Seattle Real Estate news, including waterfront homes, water view homes, floating homes, and houseboats.

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