juanita: Shrinking new construction inventory on the Eastside. - 07/05/09 06:45 AM
This graph illustrates the dramatic decline of new inventory on the eastside.  Because of the lack of new permits being issued and builders concentrating on selling current inventory, this lack of new construction will put pressure on the overall market.
 

 
Other Market indicators:
We will continue to see prices stabilizing erasing concerns about buying a home only to see the value drop the new month. 
About 20 -30% of buyers are looking for new or like new homes, this will create higher demand for homes built after 2005 or 2006 and/or homes that have be recently updated.
The … (0 comments)

juanita: A Reason For Optimism - 04/28/09 07:31 AM
HEADLINE: Baltimore Sun: Shortage Of New Homes Seen -- Credit Crunch Means Fewer Units Will Be Ready When Recession Eases
Analysts have been predicting a shortage on new homes in the Puget Sound area will start in September due to the lack of new construction permits being issued.
 Looking at this chart ... (Eastside - New Construction - Based on Pending sales)

...You can see that the months of inventory are shrinking.  And at this rate, we will get to a balanced market after September.  If it continues we will be in a Seller's market by early next year for … (1 comments)

juanita: Kirkland Data & West of Market - 04/02/09 08:08 AM
For all of you who love data, here is some information about Kirkland.
The Case- Sheller index for January (released 3/31) still has values dropping about 3% a month for the Puget Sound area but the annual trend is slowing.
West of Market in Kirkland, WA as of April 2nd has about 56 homes listed for sale.  Prices range from about $480,000 to $4.9 million.
WEST OF MARKET DATA:

With nine pendings and solds over the last six months.

Here are the overall trends for South Kirkland:




New data for March will be out soon.
 
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juanita: First Time Buyer Tax Credit at a Glance - 03/26/09 04:05 AM
As agents we are now being asked "What is this tax credit for first time home buyers?"  Especially now that there are great deals and low interest rates.    Here is some great in formation I got from my Title agent at Commonwealth Tile and Escrow.
Tax Credit at a Glance
• The tax credit is available for first time home buyers only(or for those who have not purchased in the last three years.)
• The tax credit does not have to be repaid.
• The tax credit is equal to 10% of the home's purchase price up to a maximum of $8,000.
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juanita: Kirkland's Goat Hill Neighborhood - 01/29/09 03:41 AM
Goat Hill is a unique neighborhood in the Juanita area of Kirkland that overlooks Lake Washington.  Recently, I took some buyers to see the available homes on the hill. The road is narrow and winds up the hill and is not for everybody.  My buyers loved it. Price ranges for the eight homes on the hill are $440,000 to just over a million.  There are three new homes being built by Bennett that take full advantage of the view and my clients loved the detail. There are also two homes that where built in the 1930's.  Per square foot is around … (2 comments)

juanita: Kirkland and Juanita Housing Markets - 01/29/09 02:47 AM
There's Kirkland, then Juanita and Finn Hill.  The lifestyle is different in each area and so is the housing market.
 
Here is the difference in inventory between Kirkland and Juanita.
 
Kirkland is 24 months:
 
 Juanita is 7.8 Months:
 
Kikrland For Sales, Solds, and Pends:
 
Kikrland For Sales, Solds, and Pends:
 
You can see the Juanita area is performing better than the General Kirkland area.
 
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Bill Blanchard

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