Tag Archives: Wallingford

If a Home is Priced Properly…

It will still sell quickly. While the average days on market in Seattle for a single-family home in July was 26, my Wallingford listing just sold in 7 days with multiple offers.

As you work with your real estate broker to price your home, it’s important to find the sweet spot – that is, the spot that is likely to bring in the most buyers. The sweet spot means you’re in the market, not on the market.

For more information on selling your home or the real estate market, please call me at 206-790-0081 or email Jamie@JamieFlaxman.com.

Just Listed – Wallingford

I’m excited to announce my latest listing in Seattle’s Wallingford neighborhood. This home, built in 1941, has 3 bedrooms and 2 1/4 bathrooms and is move-in ready. It is listed for $850,000. Check out the video or the detailed listing.

Gardeners will love the yard (seller is a member of the Garden Club). Wonderful bonus space in the basement  – a perfect spot for the weekly poker game or movie night. Space for a huge wine cellar as well. Home is seismic retrofitted and has lots of storage.

Backyard

The location is phenomenal, just blocks to all that Wallingford offers, including:

  • Dining at places such as Pablo y Pablo, Bizarro’s, Dick’s Burgers, Tutta Bella, Molly Moon’s Ice Cream, and many local breweries
  • Near bus  routes 26, 31, 32, 44, and 62
  • Summer Farmers Market at Meridian Park
  • Community organizations such as Seattle Public Library, Wallingford Boys & Girls Club, Wallingford Senior Center, and the Good Neighbor Center
  • Schools nearby include Hamilton Middle School, Lincoln High School, BF Day Elementary, John Stanford International School, and Meridian School
  • Wallingford Park with tennis courts, playground, and wading pool across the street
Wallingford Park across the street

Please stop by an open house to check out the home:

  • Wednesday, July 31, 11am-1pm
  • Saturday, August 3, Noon-3pm
  • Sunday, August 4: 1pm-4pm

For more information, give me a call at 206-790-0081 or email Jamie@JamieFlaxman.com.

Wallingford 1911 Bungalow

4010 1st Ave NE, Seattle, WA 98105, Listed at $740,000

I’m excited to announce my latest listing, a wonderful 1911 bungalow in Seattle’s Wallingford neighborhood. This home has 3 bedrooms and 2 full baths and is waiting for your updates. Additionally, the house has cathedral ceilings, loads of natural light, and period touches. Add to that a sun room off the kitchen – imagine sipping your coffee while watching the sunrise over the Cascades, or put in a comfy chair and you’ve got a reading nook.

Gardeners will love the yard with its raised beds, fruit tree, and flora. Right now there are crab apples, tomatoes, and zucchini coming in. There’s a one car detached garage, rebuilt in 2001.

The location is ideal – just blocks to Gas Works park & local shops. Easy access to the University of Washington, South Lake Union, and downtown Seattle.

Upcoming Open Houses

Wednesday, August 9, 11:30am-1:30pm

Saturday, August 12, 1:00-4:00pm

Sunday, August 13, 1:00-4:00pm

For more information:

Email Me

Call or Text Me: 206-790-0081

Download the Flyer: 4010 1st Ave NE Flyer

Watch the video.

Wow, What a Crazy Market We’re In!

When will it stop? Not until there’s a lot more inventory. With such a significant shortage of available homes, sellers rule the market, and homes are selling at incredible speeds for record prices. And this isn’t just for Seattle and King County, it’s happening in Snohomish, Pierce, and Kitsap Counties too. King County buyers, unable to buy because of low demand and higher prices, are moving to the outlaying counties.

The median price of single-family homes sold in King County hit $480,000 in April, just $1,000 shy of the peak set in July 2007 before the housing bubble burst. April’s median price was 9 percent higher than in March and 11.5 percent higher than a year ago, according to data from the Northwest Multiple Listing Service.

But don’t worry, this isn’t another bubble waiting to burst. While, the annual price gains and bidding wars may echo the bubble years, there’s a crucial difference, according to the experts. The run-up in prices this time is fueled by job growth, new demand from foreign buyers and millennials, low interest rates, and a severe housing shortage.

Just check out the numbers for Seattle. In April, there were 630 homes on the market, 745 homes sold, and 949 homes went pending (into contract).

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And the median price in Seattle for sold homes hit $540,000, up 5.9% from March and 18.4% from April of last year. As an example of the current frenzy, in April a home in Wallingford was listed for $725,000, received 25 offers, and closed at $913,000 (125% of list price).

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For more information on the market or to discuss listing your home, please call me at 206-790-0081 or email at Jamie@JamieFlaxman.com.

Seattle Market Update

The Puget Sound housing market picked up in May with greater inventory, but demand is still very high. Most new listings are receiving multiple offers with many significantly escalating above list price.

The chart above shows activity in the city of Seattle for single family homes and condos combined. The number of homes for sale increased 14.3% over April, but the level was slightly below that of a year ago. The number of sales closing was up 4.4% over April but down 12% from a year ago.

While less homes are selling, prices are up over last year. Combined single family homes and condos in Seattle are up 4.4% over a year ago. On average homes sold at 100% of list price.

Inventory remains extremely low, at 1.4 months worth in May. That is, if no homes came on the market, the current inventory would be gone in about 6 weeks. In May last year that inventory was at 1.2 months.

However, when you look at specific neighborhoods, the numbers can be dramatically different. For example, Wallingford, a high demand neighborhood. Prices on sold homes and condos were up 8.2% from a year ago, with an average sales price of $620,000. Homes in Wallingford average a sales price of 105% of listing price. And inventory in Wallingford was at 0.7 months in May, approximately 3 weeks worth.

For further information, please give me a call or email. I’m happy to provide you with a market update for your neighborhood or city.