Tag Archives: Ravenna

New on the market: Huge U-Dist home with basement apartment

Just listed: 5221 18th Ave NE in the U-District, with 2750 sq ft.   Out of everything I’ve listed and sold this year, this home is by far my favorite.  I can’t remember seeing a larger living room – complete with french doors, original wood-burning fireplace, and a full wall of windows with built-ins and window seats.  On top of that, this house has refinished hardwoods throughout, and the formal dining room is gorgeous and bright with more built-ins.

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The kitchen is spacious with two fridges, and there’s a 3/4 bathroom plus a laundry room on the main level too.  Upstairs, all four bedrooms are a great size.  One has a private, quite large balcony, and one has another wall full of built-ins and a window seat (I love window seats).

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To top it off, this house has a basement apartment with two bedrooms and another bathroom.  And although street parking is fairly easy (and zoned), there’s two parking spaces – tandem – off the alley for the house, one of which is covered.

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I’m pretty excited about this one, and it won’t last long.  Come visit me Saturday, July 20th, from 1pm to 3:30 pm at the open house.  List Price: $649,950.

 

Green Lake Real Estate Inventory: 2013 and Beyond

Green Lake, I love you.  But if you don’t start providing inventory soon for my buyers that are still waiting in the wings to purchase, I’m going to get annoyed.

As I’ve done in the past, I’ve taken a look at current Green Lake inventory from 85th at the north end down to 50th at the south end, and between Aurora & I-5.  And do you know what I’ve found?   Seven homes for sale.  Seven.  That’s all.  That’s one condominium and six homes, with price ranges from $205,000 (for the condo, the lowest price house is $399,000) to $859,000.

This 3,500 square foot house on Green Lake Way N is currently listed for sale for $765,000:

5012 Green Lake Way N

I don’t think this data will come as shock to anyone, and I’m sure everyone can make the interpretation as to what this is continuing to do.  Limited inventory drives up house prices, causes bidding wars, and also reflects only a small amount of sales.  So far in  January, nine homes have closed in the Green Lake neighborhood.

Time to get frustrated?  If you’re a buyer or a real estate agent, sure.  Time to panic?  Nope.  Last January, Green Lake closed twelve homes – just three more than where we’re at today.  And in January 2011, Green Lake only closed four homes.   My biggest fear is that sellers who are waiting to list because they’re seeing prices rise will all list their homes around the same time, bringing on more inventory than necessary.  However, the desirability of the Green Lake neighborhood should continue to move homes quickly into the hands of new buyers, no matter how many come on the market at once.

The other trend I’m seeing right now is the greedy seller.  Yes, it is a seller’s market.  Yes, prices are rising.  But no, buyers out there aren’t actually stupid and still aren’t going to pay way more than market value for your home.  If your home is listed in Green Lake (or most of the surrounding area) for more than 30 days, there’s a strong chance that you overpriced it so much, no one even wants to make a low offer.

Other neighborhoods seeing similar action: Ravenna, Greenwood, Phinney Ridge and particularly Maple Leaf after Redfin named it one of the up-and-coming neighborhoods in the country to watch. 

As always, I’m happy to help any of my neighbors purchase or sell their home, and provide free extensive market analysis reports to sellers.  You can reach me directly at sheath@matrixrealestate.com or at (253) 653-6299.

New Homes on the Market in North Seattle

I think of all the times I’ve neglected this blog since I started it, the past two weeks have been the worst.  It’s all due to the fact that this is the busiest time each year for real estate, and this year is much busier than the prior.  So busy, in fact, that I have had 7 signed around deals this month so far and am waiting to hear back about #8.  But, for all I talk about lack of inventory on the market in north Seattle these days, there are still homes coming on all the time, every week, and I like to tell you about them from time to time.

In the past seven days, 49 new listings have come on the market in MLS areas 705 and 710, which make up north Seattle (705 is generally west of I-5, and 710 is east).  Of the 49, 38 are residential listings and the rest are condos.  Here’s just a brief look at a few of the homes that just came on the market in north Seattle.

6111 14th Ave NW – This townhome has 1,160 square feet and 2 bedrooms in Ballard.  It’s an end unit, and priced at $355,000.  The townhome does have an attached 2-car garage.

7330 18th Ave NE – This 3 bedroom, 1.75 bath home is located in the Ravenna area and has 2,160 square feet.  It’s been updated with a newer roof, hardwood floors, crown molding and double-pane windows.  This home has been on the market just a few days and is priced at $485,000.

I’ll write my regular monthly update during the first week of May with more information about the amount of home sales we had this month, but the market has definitely been on fire!

 

Tomorrow: Appreciate your neighbor (come on, just this once)

February 11th is Seattle’s Neighbor Appreciation Day – yep, that’s a real thing.  This is Seattle’s 18th year participating in this day, which began in Phinney Ridge in 1995.  Here are a few ways the city is making it easy to participate:

  • Golden Gardens Restoration Project, beginning at 9am at 8498 Seaview Place NW
  • Hands On Community Skills Fair – at Meadowbrook at Ravenna Community Centers at 10am (10517 35th Ave NE)
  • Family Nature Explorers “Discovery Days” at Magnuson Community Center, at 10am (7110 62nd Ave NE)
  • Restoration Event at Licton Springs Park at 10am (9536 Ashworth Ave N)
  • Book, Bake and Bling Sale at Ballard Oddfellows Hall at 10am (1706 NW Market St)
  • Phinney Neighborhood Association Mystery Book Exchange, at 10am (6532 Phinney Ave N)
  • Neighbor Appreciation Day Swim  at the Ballard Pool at 12:30pm
  • Discovery Day Work Party at Magnuson at 11am (7110 62nd Ave NE)

Feeling extra appreciative of your neighbors?  Send them an e-card from the City of Seattle.

 

North Seattle sees strong winds, tree branch down in Green Lake

The crazy weather isn’t over yet, friends.  From a snow storm, to an ice storm, and now to a wind storm, north Seattle is getting battered and beaten just a little bit more before it’s all over.  And unfortunately, the combination of snow, ice, rain and high winds is never good.

This morning, Revolutions Espresso was the first one to warn us of a downed tree branch at Ravenna Blvd and NE 68th Street in Green Lake.

An SDOT worker arrived at the branch around 8:45a.m. and began sawing off pieces to clear it off the road.  The right shoulder was quickly made driveable so cars were still able to pass.

The rains have made the roads easily driven, but unfortunately pedestrians are going to see the worst of it today with sidewalks only partially melted and a slippery slush to get through.  Several runners at Green Lake Park this morning chose to run in the street instead of the flooded outer loop.

Weather reports for the next few days all show things evening out with just rain and average temperatures, so we should get a much needed break.  Seattle City Light’s outage map currently shows no outages in north Seattle, but with today’s winds it’s best to be prepared for anything.

Help the U-District Food Bank this WEEK (by drinking beer, too!)

It’s no secret I love to post opportunities to help the University District Food Bank, as it helps more than 1100 each WEEK get a balanced meal in their stomachs and is one of the most worthy local causes out there.  So I’m happy to report on a few new ways you can help (and have fun too!)

Drink at the Ravenna Alehouse:

Wednesday, November 30th (that’s tomorrow!) from 8 p.m. to 11 p.m., stop by the Ravenna Alehouse (2258 NE 65th Street) and drink a glass of New Belgium Brewing Snow Day Ale.  For every pint sold, New Belgium Brewing will donate $1 to the Food Bank.  You also get to keep your New Belgium Brewing glass!

Shop at Ten Thousand Villages:

On Thursday, December 1st, shop at Ten Thousand Villages (6417 Roosevelt Ave NE) from 6 p.m. to 9 p.m., and the store will donate 15% of their net sales to the Food Bank.  What a great way to get some Christmas shopping done while helping fight hunger!

Have a beer at Shultzy’s Sausage:

Anytime December 1st through the 31st, Shultzy’s Sausage (at 4114 University Way NE) will donate $1 to the U-District Food Bank for every liter of beer sold.  Hey – December 1st, why not watch the Seahawks kick some Eagle butt while helping the Food Bank!

Big News: New Apartment Building under construction in Roosevelt, north Seattle

Matrix Real Estate, my brokerage, has been hard at work getting things ready for a new apartment building about to undergo construction in Roosevelt.  While details at this time are limited, here is what I CAN tell you.

The building will house 63 units at the corner of 66th and Roosevelt, with a mix of studios, 1 bedroom, and 2 bedroom homes.  There will also be two retail spaces facing Roosevelt.  The new building will be located one block from the future light rail station.

Artist's rendering of the future apartment building

Currently, the builder is moving dirt.  Completions and first move-ins are anticipated for early 2013, and we’ll have more information available/marketing beginning early 2012.  Stay tuned for more info as construction progresses.