Tag Archives: Real Estate

New on Market: Remodeled Oasis in Shoreline

149 NE 166th Street, Shoreline

I’m really excited to share this new listing with you all, because it’s rare to find such a beautiful and well-maintained home in the Ridgecrest neighborhood of Shoreline.  This 4-bedroom, 1.75 bath rambler is definitely going to be someone’s dream home.  The kitchen has been remodeled with slab granite, custom cabinetry, oversized island, and subway tile backsplash.  It opens to a large living/dining area, all with hardwood floors and perfect for entertaining.

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The master bedroom has a walk-in closet, remodeled 3/4 bath with walk-in fully tiled shower, a large and cozy fireplace, skylight, and patio slider to an outdoor oasis.

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Outside, this home has been professionally landscaped.  On one side you’ll find an urban garden with lettuce ladder and raised garden beds.  In the backyard, you’ll find a huge deck & patio perfect for the grill and outdoor dining, plus a lawn and playhouse with slide.  A house sound system provides speakers in the living room as well as outdoors.  You also get two garden sheds with this home, and a covered parking space plus extra parking in the long driveway.

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Best of all, for those that know the neighborhood, this is a quick 5-minute walk the Crest Theater, where movies are always $3 and all-ages.  You can also walk easily to Hamlin Park, and you’re just a 2-minute drive from the 145th Street Park & Ride where you can hop a 15-minute bus to downtown Seattle.

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At 1,470 square feet, this remodeled home is priced at $390,000 and will be open this Saturday and Sunday, September 6th & 7th, from 12-4 each day.  Come and check it out at 149 NE 166th St, Shoreline!

NEW LISTING: One bedroom condo in Greenwood

Here’s a little info on my newest listing!  Waterford North is a fantastic building on N 90th just a block east of Greenwood Ave (that means it’s walking distance to Naked City Brewery, just sayin’.)

This one bedroom, one bath condo is on the market for the first time in over twenty years and priced for a quick sale at $150,000.  It has a wood-burning fireplace with tile surround, kitchen with eating bar, and a huge private patio off the living area.   The seller is offering a $500 credit at closing towards a new range, as the current one is a little old (but works).

There is one assigned parking space and one storage space in the controlled-access garage beneath.   For more information, you can call me directly at (253) 653-6299 or email sheath@matrixrealestate.com.   Or, stop by the open house this Sunday, May 4th, from 1pm to 4pm.

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MAKING A FULL PRICE OFFER? GET USED TO REJECTION.

I’m frustrated. Other real estate brokers are frustrated. A lot of homebuyers are frustrated.  In some parts of Seattle, making a full priced offer on a home just doesn’t get you anywhere anymore.

Let me give you a backstory: I have clients that are looking for a new home in north Seattle.  They’re open to a lot of different neighborhoods, but they have wants and needs just like everyone else so over the past two months of house hunting they’ve found only four or five homes they like enough to actually pursue.  And out of those four or five, they’ve so far put offers in on three of them, and lost out every time.

The first home they put an offer in on was listed at $650,000.  They didn’t get it – but whoever did paid $760,000 for it – $110,000 more than list price.

The most recent home they put an offer in on went the same way – it was listed at $650,000, and it sold to someone in the range of $760,000 + (it’s still pending).

From the time I started house hunting with these particular clients, to this past week of facing another rejection, I have felt like it’s gotten worse.  So I checked the stats – and yep, it’s gotten worse.

I took some of the most popular neighborhoods – Ballard, Green Lake, Fremont, Wallingford, and Phinney Ridge – and to narrow my stats down, I took a popular price point right now – homes between $600,000 and $800,000.   Looking back at those homes that closed in the month of January, the average sale price was 101.8% of list price – so if a house was listed for $700,000, for instance, on average it sold at $712,600.

In February, the average sale price was 102.5% of list price – or $717,500 on that hypothetical $700,000 house.  In March it crept up just a little more to 102.6% – $718,200.

Then came April.  In the month of April, the average sale price in that range and in those neighborhoods was 105.3% of list price – that means that $700,000 house is now costing on average $737,100.   And a scary thought here – the biggest percentage difference during April between list price and sale price was 123.3% – that would have made a $700,000 house $863,100.  OUCH.

I very much wish I had a point here, but I think instead this post is meant more to vent everyone’s joint frustration on the matter.   What’s my advice?  Persevere, buyers.  Don’t pay more for a home than what you value it at.  Consider how long you intend to live there.  Know that you’re not alone. Because hell, if you were alone, you wouldn’t be paying so much.

Keep on truckin’.  And punch a pillow, instead of a wall.

 

5 Budget-friendly tips for prepping your yard and home exterior for sale

With Spring finally here in Seattle (don’t look out the window just yet though), more people will be putting their home on the market.  And despite it being a seller’s market with a lot of Seattle homes getting multiple offers, you still shouldn’t slack off on curb appeal as it might just make that difference to the one buyer who is willing to go the extra mile on their offer.   With that said, here are the most cost-effective tips on getting your yard and home exterior ready for a spring sale:

1. Clean out your gutters & remove roof moss.  You can easily pay someone to do this, or depending on your confidence level and roof pitch you might want to get up there yourself.  Admit it, you slacked off in the winter and didn’t get your gutters cleaned.  No one is going to see it anyway, right?  Wrong. With a lot of spring rain, buyers will easily see rainwater spilling out over places it shouldn’t because your gutter is all clogged up from the fall and winter.  They’ll notice moss too – which is common where we live, but can make a person wonder how well the roof has been maintained overall.

2. Choose season-appropriate plants for flowerbeds & pots.  It’s fantastic that you currently have 100 daffodils blooming in your front yard – but when you put your home on the market next month, those daffodils will all be long dead and you’ll just have leaves and nothingness.   Likewise, don’t plant something now that won’t flower until later in the summer.  Your best bet is to find flowers that are going to be current for the time period that the home is being listed – so that you have color, and not just leaves, during the Open House.

3. Make the yard low-maintenance.  Although you may end up with a buyer that’s an avid gardener, chances are they’re going to be stressed out around move-in time and won’t want to get right to it.  Or, they may just not like yard work at all – make your yard as maintenance-free as possible; perennials that take care of themselves, bushes that don’t need extensive pruning on a regular basis, and nothing that grows large roots too close to the house that an inspector might see as a problem.

4. Repair dog damage.  I have a dog, and thus I have bare patches in my backyard from, well, pee, and a hole in one corner that she insists she keeps digging, and I don’t mind because I love her.   But there’s a good chance the new buyers of your home might not share your affection for pets.  About two to three weeks before listing is a good time to curb your dogs habits a little.  Restrict where he can go to the bathroom so that grass starts to repair itself.  Don’t allow digging, and look for other noticeable damage they generally cause.  While yards usually find a way to mend themselves once a dog is gone, buyers without pets may see the aftermath and wonder if there’s more damage inside the home that isn’t totally visible – and that can turn some people off.

5. Check all exterior lighting and buy a new welcome mat.   Someone might want to see your house at dusk – make sure all the outdoor light bulbs are working an clear cobwebs and dirt from your porch light so it’s welcoming – and make sure to flip the lights on when you leave for an evening showing (or just a showing in gray weather).  A new front door mat for $15 goes a long way in making a first impression.

When you combine these five tricks with the usual suspects: weeding, painting or repairing the fence and gates, exterior window washing where reachable – you should have a house exterior that shows curb appeal and attracts a new and excited owner!

 

Why I moved to Maple Leaf (and why you should, too)

I lived in Phinney Ridge for a year, and Green Lake for three years, before moving to Maple Leaf this summer.  A good friend of mine still jokes that I moved to “southern Canada,” and some other friends less familiar with the area ask me where Maple Leaf is.

Maple Leaf is pretty much considered to be everything east of I-5 to Lake City Way, and then as far south as 80th and as far north as Northgate Way.  And now, it’s home.

So why would I ever leave Green Lake, and move to Maple Leaf instead? Well, affordability for one.  If you look at every currently active single family home on the market in Maple Leaf right  now, you get an average price per foot of $228.91 (average price of $562,238).    Compare that to Green Lake, whose borders are 80th to the north, 50th to the south, and Aurora and I-5 west to east, and you see a big difference.  The average price per foot of a home in Green Lake right now is $338.30.   That means if you take a 1500 square foot house in Green Lake you’re likely to pay $507,000 – put the same house in Maple Leaf and you’ll be paying closer to $343,000.

But Green Lake is cool, right?  Short answer: yes.  But, Maple Leaf was listed by Redfin earlier this year as one of the hottest and most “up and coming” housing markets in the entire country. They attributed this to the lower housing prices, local schools and easy commuter access.

I’ll admit I was hesitant to leave Green Lake.  But did I really leave?  I can walk to the lake in about 15 minutes.   More importantly, I’ve discovered a whole new slew of restaurants, bars, coffee shops and more that are right in my own neighborhood (not the mention the amazing Maple Leaf Hardware, who is getting me through some remodel work).

So if you’ve been shopping for a home in Green Lake, Phinney Ridge, Wallingford or surrounding area, and are feeling down at the rising prices that are edging you out of the market, come see me in southern Canada.

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: A look at Inventory

I’m not the only real estate broker who has been talking nonstop about the lack of inventory in the Seattle area.  So if there’s no inventory, why do I keep seeing “for sale” signs on every block – does that mean ?

In January, I wrote a post about the current state of the market and there were seven active listings – six single family homes and one condo.  So where are we at today?  Well, it’s Spring – a time when the market generally picks up and this year is no change.  There are currently 14 single family homes on the market and two condominiums.  Not including the condominiums, the average size of the homes on the market is 2,199 square feet and the average price is $611,268. This gives us an average price per foot of $278.

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This home at 5608 Latona Ave NE is currently listed for $730,000. It has 5 bedrooms and 2.25 baths.

In April, fifteen homes sold in Green Lake (three condominiums and twelve single family homes).  Despite the amount of homes being added to the market, the average time these homes spent on the market was 13 days – and ten of the homes were on the market for a week or less.

Compared to 2012, we had just a few less homes on the market.  There were 18 homes sold last year in April, but at an average market time of 51 days – that’s almost two months compared to our current time of two weeks!  And in 2011, the average time on the market for April was 61 days.

To sum up: More houses are coming on the market, but we’re not balanced yet.  We still have a lot of home buyers out there and not enough houses to sell them.  Houses in Green Lake are selling quickly, often for more than asking price.  We’re still out of whack, but the addition of new listings each week is putting us on the right track to a balanced market.