Price Reduction – 4008 NE 40th St (Laurelhurst)
September 15, 2009 by Erin Schedler · Leave a Comment
Originally listed in July for $780,000
Price reduced in August to $760,000
Price reduced today (Sept 15) to $689,000
Personally, I think it’s still listed too high. This part of Laurelhurst just doesn’t command the same price points (Waterfront excluded) as other central areas of the neighborhood. That, paired with the fact that it needs significant upgrades (kitchen, baths, etc.) I wouldn’t [...]
Offer Accepted – 6503 NE 61st St (Windermere)
September 15, 2009 by Erin Schedler · Leave a Comment
After 302 days on market, this property accepted an offer Tuesday morning.
The home was originally listed for $725,000 in November, 2008. Since then,the price has been reduced 3 times and is now currently $650,000. It is not a short sale or foreclosure.
Considering the work needed (overhaul of baths, kitchen, basement, etc.), and the fact that the home [...]
Erin’s Home Review – 4012 41st Ave NE
September 10, 2009 by Erin Schedler · Leave a Comment
This home came on the market last Tuesday, September 1st, for $647,000. I promptly attended the broker’s open to get the inside scoop.
I was surprised to see what a “fixer” it was. The hardwoods needed refinishing, the kitchen: a complete overhaul. The back deck takes up most of the backyard, and I was nervous to stand [...]
2 New Laurelhurst Listings Under $800k – Wed, Sept 9
September 10, 2009 by Erin Schedler · Leave a Comment
4188 42nd Ave NE
3 bedrooms | 1.75 baths
2170 Square Feet
Offered at $639,950
3817 42nd Ave NE
3 bedrooms | 3 baths
2500 Square Feet
Offered at $726,500
Contact Erin for more information about these properties, or to schedule a showing
*Photos courtesy Windermere Real Estate
Just Sold! 4138 42nd Ave NE
September 8, 2009 by Erin Schedler · Leave a Comment
Original list price: $549,950
List price when offer was made: $524,950
Cumulative days on market: 35
Final sale price: $500,000 (10% under original list)
If you read my last post (http://windermereblog.com/2009/09/04/just-sold-4747-45th-ave-ne-laurelhurst/), I talked a bit about seller strategies in this market. Case in point! I’m giving a virtual “gold star” to these sellers, for they recognized the reality of the [...]
Tax Credit Expires November 30th!
September 7, 2009 by Erin Schedler · Leave a Comment
Remember the first-time buyer tax credit expires November 30th! To take advantage of the credit, you will need to CLOSE on a property by November 30th. Assuming you’ll be applying for a mortgage, this means making an offer by mid-October at the lastest. Lenders have stricter standards these days, making for longer closing periods (35-40 days).
Some [...]
State of the Market – Labor Day 2009
September 7, 2009 by Erin Schedler · Leave a Comment
Happy Labor Day everyone! True to form, Seattle is celebrating the official last day of summer with rain.
I thought I’d take a moment to update you on the state of the market with a few facts:
Pending sales during August jumped nearly 21% from a year ago
Inventory dropped more than 18% from a year ago
Multiple offers are [...]
We’re ready to downsize. Option 1: The Condo
September 4, 2009 by Erin Schedler · Leave a Comment
Sound familiar? More and more couples and individuals are noticing a 10-15 year span between empty nesting and retirement (or at least retirement homes). The 50 and 60-somethings are ready to take on a new stage of life before the grandchildren arrive, and before the retirement home comes calling to have fun and try on [...]
Just Sold! 4747 45th Ave NE (Laurelhurst)
September 4, 2009 by Erin Schedler · 1 Comment
The home on 4747 45th Ave NE just closed today. Stats:
Original list price: $638,000
List price when offer was made: $550,000
Cumulative days on market: 311
Final sale price: $535,000 (17% under original list)
I think this is another example of the state of the market, and realities sellers are facing. Buyers today want to get a “screaming deal”. They [...]
Offer Accepted: 5713 65th Ave NE (Windermere)
September 4, 2009 by Erin Schedler · Leave a Comment
The listing on 5713 65th Ave NE accepted an offer today and is currently “pending inspection”. The home has been on the market for 228 days, was originally listed for $2,200,000. It’s current list price is $1,599,000 (27% price reduction).
