Local Housing Market Data

Year_End_Infographic

This infographic, supplied by the NWMLS, quickly reflects 2017 King County real estate market statistics.

  • nearly 3% more homes (condos & houses) sold in 2017 vs. 2016
  • the median sales price was up nearly 15% county-wide
  • at the end of 2017 there was less than a one month supply of available homes
  • a 4 – 6 month supply is considered a balanced or normal  –  we haven’t seen a “normal” level of supply for 2+ years

Barely six weeks into 2018, the stats haven’t changed much. Homes are coming on the market slowly and selling quickly. Inventory still can’t meet buyer demand. The “spring” market generally opens up in mid-to-late February; hopefully there will be more condos and houses available as the weather begins to improve.

The take away . . .

  • Planning to sell? Buyer demand is high but condition & location are still important
  • Ready to buy? Position yourself to be a strong buyer. Obtain a current loan pre-approval from your lender. Work with your Realtor® to educate yourself on neighborhoods, schools, recent sales prices, list vs. sold statistics, commute times, etc. Know what you want and know what your budget will allow. Be patient. Be flexible. Be ready to move quickly.

Maybe the home that fits your lifestyle isn’t a house. Expand your options. A condo or townhouse, which can offer a single family lifestyle with lower maintenance responsibilities, is a great alternative if you don’t want a lot of yard or exterior maintenance.

I’ve specialized in condominiums and townhomes for over two decades. Find out what’s happening in your community or learn more about your future neighborhood. I have local sales and market data, information on new properties, future projects, etc. that may impact you as a seller or buyer.

 

 

Advertisements

Bellevue’s Parks

Bellevue Downtown Park canal 8-2017I moved to Bellevue 30 years ago and have lived downtown for the past ten years. I love living here and one of the things I love most are the beautiful and diverse parks throughout the city. I’m lucky enough to live within walking distance of ten parks which I visit frequently with my two pups. Did you know . . .

  • Bellevue has 2,700 acres of parks and open space with 80+ miles of multi-use trails
  • 45 parks have playgrounds
  • 6 waterfront parks have seasonal lifeguards
  • 17 parks have reservable picnic areas
  • 16 have tennis courts and six have pickleball courts (3 indoor and 3 outdoor)
  • Bellevue has an aquatic center, a tennis center and two golf courses (Bellevue Golf Course and the Crossroads Par 3 golf course)
  • Kelsey Creek Farm is home to ponies, sheep, goats, chickens, pigs and more

There are nearly 100 city maintained parks. The Dowtown Park, the city’s crown jewel, recently reopened after a one year closure for a major upgrade. The park is a 21 acre oasis in the heart of downtown Bellevue offering views of Mt. Rainier and the downtown skyline. A 1/2 mile groomed promenade circles a canal which is bordered by trees and dozens of benches and a 240’waterfall. The expanded Inspiration Playground provides innovative play space for children of all ages and abilities plus a fun water play space which was very popular this summer. Continue reading

What to Do in Bellevue this Weekend

The Memorial Day holiday weekend marks the beginning of summer and outdoor activities. After the brutal winter and spring weather, any opportunity for outdoor activity will be welcome. While many people have holiday plans to visit ocean or mountain destinations, don’t forget there’s a lot to do in town. If you’re looking for some local activities here’s a partial list of what’s available in Bellevue.

  • With nearly 100 parks and recreation facilities, Bellevue offers plenty of green space. The city maintains 96 miles of trails and six beachfront parks.
  • Bellevue Aquatic Center has a lap pool, warm water pool and party room
  • Robinswood Tennis center offers programs and lessons for all ages
  • Crossroads water spray playground is a favorite destination for the younger set
  • Explore the lake  –  the SE 40th Street boat launch provides boat access to Lake Washington
  • Tune up your golf game  –  the Crossroads 9 hole/par 3 chip and putt course is great for beginners and the Bellevue Golf Course offers a more challenging       18 hole/par 7 course plus a 46 stall driving range
  • Visit the Mercer Slough – take a guided nature walk or canoe tour
  • Bellevue Botanical Gardens has 17 acres of display gardens, natural wetlands and woodland trails
  • Bellevue Arts Museum – visiting and permanent exhibits cover a wide range of arts and crafts and design elements
  • Shop til you drop at Bellevue Square, Lincoln Square, Old Main Street or The Bravern. You’ll find world class shopping, dozens and dozens of fine and casual dining options offering indoor and patio opportunities for lunch, dinner sweets, snacks and libations, cinemas, comedy and bowling.

There’s no need to leave town to find something fun and interesting to do during the next 3 days – just make it a safe holiday weekend.