Saturday, July 28, 2007
Head to Redmond's Marymoor Park Today to See Cyclists Try for The Olympics
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Debra Sinick
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9:21 AM
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Monday, July 23, 2007
The Gems of Redmond #1-Doggy Disneyland and other Great Things at Marymoor Park.
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Debra Sinick
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5:02 PM
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What sells in Peoria May Not Sell on Seattle's Eastside
I just had a past client call me to get my advice about making some changes to her home before she put it on the market. We have known each other since 1999, when she and her husband were referred to me to help them find a home on the Eastside. They purchased a home that they remodeled and sold after living in it for several years. At that time, they decided to move closer to family in the Midwest. Now, she and her family are heading back to the Northwest.
The home in the Midwest has a very 60's retro flavor. The light fixtures in the home are true period pieces. She emailed me photos of her home and asked what I thought about changing the light fixtures. I questioned her about the type of buyer who might be buying her home, the performance of the real estate market in the area, and if her home had competition from other listings. Finding the answers to these questions helped her to decide whether or not to change out the light fixtures. Her Realtor in Illinois was a fan of removing the fixtures, since she didn't think buyers would appreciate them. Her thought was to update the fixtures as this would appeal to more buyers.
Ironically, I know people in the Seattle area would kill for retro light fixtures, and this is my point. Different markets demand different styles and features. If this home was selling in the Seattle area, I would not recommend removal of the light fixtures. Here, retro fixtures would be an added plus.
It is important for both buyers and sellers to know what works in a particular market. What sells in Peoria does not always sell in Seattle. Your Realtor should be able to help you determine what "sells" in your area. Making choices that appeal to the local market when updating your home is critical for making the most money when you sell your home. It is a great way to make more money, and, also, not lose money because of a costly remodeling mistake.
But remember, ask a Realtor "what plays" in Seattle so you can make the most money out of any remodeling.
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Debra Sinick
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8:31 AM
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Friday, July 13, 2007
What were the chances of selling a home in West Redmond in June,2007?
Sellers had a 42% chance of getting their home sold in June, 2007.
The area is still performing at a stronger rate than most of the other Eastside areas. However, it has slowed down a bit. Last month I thought June might be a little stronger than it ultimately turned out to be, but still, if you are selling a home, you are lucky to be in this part of the Eastside.
If you go the statistics page on my website, you will find the chart for the East Bellevue/West Redmond area.
- June, 2007 179 homes for sale 76 sales, 42% chance of selling a home.
- May, 2007 152 homes for sale 97 sales, 63% chance of selling a home.
- June, 2006 118 homes for sale 83 sales, 70% chance of selling a home.
The area near Microsoft, East Bellevue and West Redmond, continues to have the lowest inventory on the Eastside, with the exception of West Bellevue. The area finally approached 176 homes for sale this past month. It still is a pretty tight market. However, for the first time this year, I am seeing many more homes go through some price reductions.
I have some clients looking in the area in the $500-700,00 price range. They asked me a couple of months ago to send them the sales each week so they could track the final sales price to list price for homes in the area. We are starting to see full sales prices cracking. Some sellers are actually having to negotiate and give a bit in price to get their homes sold.
If you are actively looking, you may want to have your Realtor track the final sale prices to the original list price on a weekly basis for you. That way, you will be right up to the minute with the pricing in a particular area.
For a picture of the real estate activity on the whole Eastside, you can check my blog at Eastside Real Estate Buzz.
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Debra Sinick
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2:41 PM
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Tuesday, July 3, 2007
Celebrate the Fourth of July All Around the Seattle/Eastside Neighborhoods
The Fourth Of July holiday heralds summer! The Fourth of July is often cool and rainy, what many people think happens here all year round. But the surprise, we usually have a gorgeous spring and a fabulous summer. It is our big Seattle secret.
Tradition dictates, however, that our true summer begins on the 5th of July. I know this to be true because I am beginning my 22nd year in Seattle this July 4th and I can count on one hand how many times it has warm and sunny. The Seattle Times reported in the newspaper today that the Fourth of July is usually the soggiest day of July.
This year promises to be one of those great Fourths with the weather predicted to be in the high 80's to the 90's. Of course, this happens only because the holiday falls on a Wednesday, the middle of the week, when most people are not taking off a few days for a long weekend! (The gods can be cruel sometimes!)
People certainly have their favorite places to see fireworks all over the Sound. Two big shows happen in the city.
Washington Mutual sponsors a day long funfest and fireworks show at Gasworks Park.
Join Ivar's at Myrtle Edwards Park overlooking Elliot Bay for a 10 PM fireworks show.
Over on the Eastside, there are great events in Kirkland on the Fourth. There is a parade at noon, a picnic at 1 PM at Juanita Park, and a fireworks show at 10 PM over the lake.
(I may park myself by my empty boat slip down in the Kirkland marina to get a close look. I mentioned I was boatless in my previous post on my Kirkland Highlands blog)
Bellevue also has a day of fun with a full day of events.
For all the festivities on the fourth you can check out the Seattle Times.
Posted by
Debra Sinick
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4:54 PM
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