OPEN HOUSES SATURDAY 3/17/18 AND SUNDAY 3/18/18
Welcome Home to Queen Anne!
The Apollo Condominiums
330 W Olympic Pl # 304, Seattle WA 98119
Offered at $425,000
1 bedroom | 1 bathroom | 697 Square Feet
The Apollo Condominiums
330 W Olympic Pl # 304, Seattle WA 98119
Offered at $425,000
1 bedroom | 1 bathroom | 697 Square Feet
Global transactions are significantly different and more complex than domestic deals. From currency issues and financing to visa and tax laws, working with a REALTOR® who knows how to handle these differences can make or break a real estate transaction. Because of these nuances, it is essential to work with a knowledgeable and trusted professional, such as Laurie Way, a CIPS designee.
A Certified International Property Specialist (CIPS) designee has undergone specialized training to complete global transactions seamlessly and with reduced risk
The CIPS designation is the only international designation recognized by the National Association of REALTORS®. Only REALTORS® who have completed the coursework and demonstrated considerable experience in global business can call themselves a CIPS designee, and use the name and logo.
I can now help clients do business in over 45 countries, and ensure that the client will receive the same level of service no matter where the real estate transaction is.**
**Resources: National Association of Realtors Website.
Owners of homes in Seattle and elsewhere in King County can’t prepay 2018 property taxes to get ahead of next year’s tax-deduction limit — the county won’t accept them.
Each year I take time to review what has happened during the year and to look forward to predict what is in store for real estate. Below are my predictions for the 2018 real estate market, based on data that was available at the time this was written:
Interest Rates – With the Tax Reform Bill and new infrastructure, I expect interest rates to rise. A climb to 4.0%-4.5% is probable but it is possible that if the economy grows at a good clip next year, we could see rates as high as 5%. I believe the average for the year will be about 4.6%. Although this rise will cause some buyers to regroup, it will not be enough to make a strong market shift and cause buyers to leave the market in droves.
Home Price Growth – With double digit percentage price increases in many markets across the country in 2017, I believe we will move back to price inclines below 10% in those busy markets. In fact, I foresee that the average for those areas that did see such strong increases in 2017 will scale back to about 4-7% gains in 2018. Nationally, I expect prices to increase about 3.2%. Although we still have significant challenges with our inventory, incomes cannot sustain the rapid price growth we have seen regionally over the last few years, and therefore, prices will not rise as quickly.
New Construction – There is still a severe shortage of new construction. Our country needs about 1.5 million new starts per year to maintain inventory, but since 2009, we have been short a cumulative almost 6 million units. This is one of the primary causes of our inventory shortage and what is driving prices up – demand outweighs supply. Local issues in many areas such as zoning and water rights are also capping new construction opportunity. In addition, the cost of building supplies is causing problems for our builders and I expect this problem to worsen in 2018. Since the market correction, we are still not back up to the 1.5 million starts needed (2016 projection is 1,173,800 units), so our new construction inventory crisis will continue until we can replace the six million units we are short AND get back on track to 1.5 million starts per year. I don’t foresee us making gains in this category in 2018.
Housing Inventory – Although there are improvements in this category because we are adding some new housing units, it may take years or more for inventory levels to get back to a balanced level. Our inventory shortage was caused by a shortage of housing starts that began during the recession as outlined above. We will continue to see inventory challenges until new construction picks up even further. Additionally, I predict that more buyers will be entering the market for a home as our economy is strong with low unemployment, which I suspect will get even lower due to our economy. According to the Bureau of Labor Statistics, the national unemployment rate stands at 4.1% for November 2017, which is the lowest it has been since December of 2000. I predict unemployment to be in the high 3% range by the end of 2018. High demand and low amounts of new construction means a continued inventory crunch, although a rise in interest rates may relieve this demand a touch.
Furthermore, I am often asked when the bubble will burst or we will see another crash. I do not foresee this in the upcoming year. Although we are seeing prices rise quickly, the conditions that our national market is facing now are not the same as what we saw just a decade ago. There isn’t the easy access to credit as was before the last crash when banks were more de-regulated. There aren’t enough new or resale home to satiate current demand, unlike the building boom of the mid-2000’s. Buyers are not over-leveraged and, in many cases, have to put more cash down to compete in multiple-offer situations allowing buyers to start in a higher equity position. Based on our history and the facts that are in front of us, I don’t believe another crash is likely at all.
I am excited for what 2018 has in store! For additional information and predictions on our local market, please call me: (206) 216-3440 or send an email to firstname.lastname@example.org
Many sellers take their homes off the market for the holidays and buyers who have been out looking all year may take the rest of the year off. So why would it be a great time to buy or sell if there are fewer buyers and sellers in the market? For a lot of reasons:
Less competition for both buyers and sellers – Less competition benefits both buyers and sellers. Fewer homes on the market means homes that are listed will be noticed by buyers (which is great for sellers!). And with fewer buyers in the market, that means less competition for those homes (which is great for buyers!). Especially in markets with very high buyer demand coupled with multiple offers, a holiday lull may be just the break that buyers need to make an offer and get a house under contract.
Motivated buyers and sellers – People who buy or sell during the holidays have a different mindset. They aren’t looky-loos or sellers just trying to test the market. Buyers and sellers have a goal and are serious about the process. Take a look at it from both sides: if you are a seller, wouldn’t you want to work with a buyer who is pre-approved, knows what market price is and ready to buy? If you are a buyer, wouldn’t you prefer to work with a seller who has priced their home at market and is ready to negotiate?
Buyers are pressed for time – Searching for homes can take a lot of time! But competition for that time from other holiday activities means that home searches are usually much more efficient and buyers are ready to make a decision quicker. Both sides may be less willing to drag negotiations out for fear of interfering with holiday plans.
– The looming New Year’s date is often a great motivator on both sides as people want to have their plan in place before the calendar changes to a new year.
Holiday décor – Some homes show best when all decked out for the holidays! Full of light and greenery, homes that exude coziness can really stand out to nostalgic and motivated homebuyers.
Everyone is motivated to close – From lenders, inspectors, closers and more, getting your transaction done by the end of the year (if possible and as per the purchase and sale agreement) is important to all involved! And, with fewer transactions competing for their time, the fewer hang-ups there may be!
However, buying or selling during the holidays does take strategy which needs to begin as soon as possible. Are you thinking about making a move? Let’s talk and make a plan! Call, text, or email: 206-216-3440 or email@example.com. We will take a closer look at your market opportunities and outline a plan to achieve your goals and timeline.
October Market Flash Report for King and Snohomish County
Campfire has been an audience favorite for over a decade and is brought to you by Unexpected Productions’ resident narrative improv troupe, Improv Anonymous.
OCT 4-Nov. 16
Unexpected Productions: 1428 Post Alley at the Gum Wall in Pike Place Market
Zombie Paintball, Haunted Swamp, TERROR in Lake Stevens!
Through October 31
630 Sunnyside Blve SE, Lake Stevens, WA 98258
If you like big and scary puzzles, consider exploring actual subterranean ruins in Seattle’s underground labyrinth, “armed with only a flashlight, headphones, and a single clue.”
Through October 31
J&M Cafe 201 First Ave S, Seattle, WA 98104
From the Stranger: Someone got wise and gave BenDeLaCreme a Halloween show. The fact that that someone is ACT Theatre, a company not exactly known for big drag blowouts, is suspicious, but for BenDeLaCreme I’m willing to suspend my disbelief. This horrific tale begins—where else—at Gaylord Manor, where a team of “paranormal researchers” have found themselves on this fateful night. Soon they’re beset by “vampire vixens, well-built werewolves, mischievous mummies and witches that WERK,” and it only gets more fabulously frightening from there.
ACT Theatre 700 Union St, Seattle, WA 98101
David Bowie tribute Halloween party at the Crocodile, complete with light show.
Bowie Karaoke and prefunk make-overs in the back bar.
The Crocodile 2200 Second Ave, Seattle, WA 98121
$16 $12 (members) Includes admission to The Jim Henson Exhibition: Imagination Unlimited , fan film screenings, and a pre-screening talk and book signing with Cheryl Henson (Henson Foundation President, and Jim and Jane’s daughter) and James Pendleton (fan filmmaker of “Gitch and the Sky Stone”).
October 13, 2017 | 7:00pm | doors 6:00pm
Sky Church –MoPOP 325 5th Avenue N Seattle, WA 98109
Can Can’s creepy yet cheery musical is back! Last year, Rich Smith wrote: “It’s Tim Burton’s classic The Nightmare Before Christmas repackaged as a semi-scandalous spectacle for the masses. The audience eats chicken skewers and knocks back $10 cocktails while they watch Tim Keller as Jack ‘the Pumpkin King’ Skellington sing and dance, cabaret-style, along with Luminous Pariah, Paris Original, Marissa Quimby, and Baby Kate, while a ghoulish orchestra pumps out the show’s signature tunes. Despite the glitzy and consumerist exterior, the crew manages to smuggle a complicated cabaret about the horror of fixed identities into the unpretentious space of the Triple Door.”
Triple Door 216 Union St, Seattle, WA 98101
“The Seattle Chocolate Haunted Factory Tour will offer visitors an immersive chocolate experience with thrills and chills for the whole family. By day, the Seattle Chocolate factory bustles with activity, crafting thousands of delectable treats. At night, when the workers leave and the lights go dark, strange spirits materialize––inviting families to walk the factory’s shadowy path and discover secrets about chocolate’s mysteries.” (Promo Copy)
Seattle Chocolates 1180 Andover Park W, Tukwila, WA 98188
Walk through Buckley’s haunted woods in the dark, or opt for the less-scary Flashlight Maze.
Through October 21
Maris Farms 25001 Sumner Buckley Hwy, Buckley, WA 98321
Spend your Halloween at the Musicquarium as DJs spin classic spooky cuts and Brian DiJulio and the Love Jacks play some live music in the midst of a costume contest, with a bevy of drink specials.
Triple Door Musicquarium 216 Union St, Seattle, WA 98101
Kiddos can have their costumes fully appreciated in a well-lit, indoor trick-or-treating space. Check out the museum’s “Creepy Crawler Career Day” booths from 4-7 pm, then dance to a Monster Mash Disco from 7-8 pm.
Seattle Children’s Museum : 305 Harrison St. Seattle WA
Listen to the swooshing of the wind on rollercoasters in the dark, check out two haunted houses, walk down a creepy trail through the woods, and make scary arts and crafts at Fright Fest.
Through October 29
Wild Waves Theme Park 36201 Enchanted Parkway S. Federal Way 98003
In this variety show and bingo mystery, “numbers come to you by unusual means and your deciphering skills may bring you an early win.” Costumes are welcome, and “exceptional” costumes will be rewarded.
Hale’s Ales Brewery & Pub – Palladium 4301 Leary Way NW Seattle, WA 98107
Want to grope through a pitch-black maze with a bloody clown screaming in your ear, but most likely emerge with all your important bits still attached? Cheesy as it looks, Georgetown Morgue has scared a lot of people. Not recommended for claustrophobes.
September 22- November 4
Fall Festival: pumpkin patch, friendly animals, hay maze and corn bin, salmon run in Issaquah Creek, huge inflatables for jumping.
Fall Harvest Pumpkin Festival, u-pick pumpkins, tractor drawn hay rides, steam train rides, coal mine roller coaster, mini ferris wheel, go carts, canoe rides, blow-up bouncers, little tykes specials.
Mini hay bales, cornstalks, ornamental corn and a large variety of winter squash for sale. Pumpkin Patch groups are welcome.
Oxtober Pumpkin Festival featuring live music, food trucks, hay rides, fall activities, and farm fun for all ages!
Harvest Festival – Free Hay Rides to the Pumpkin Patch. Hot apple cider, farmers market, musicians and artisans cider press, pumpkin launches.
5 acre pumpkin patch, hayrides, cow train, pedal carts, zip line, pony rides, duck races, pig races, monster trucks, mine shaft slide, pumpkin blaster, apple shooter, zombie old west gallery, farm animals, haunted woods.
Pumpkin patch, Corn Maze, Hay Rides, Family Oriented Simple Fun
Corn Maze, Pumpkin Patch, Farm Animals, Face Painting, Pumpkin Sling Shot, Concessions, Animal Barn. Fun for the whole family.
Corn Maze, U-Pick Pumpkins, Laser Tag, Kids Korral
Kids Korral Includes: Unlimited tractor train rides, unlimited hay wagon rides, corn box, play area, petting farm, hay barn, tricycle track, unlimited apple sling shots, bubble table, slides, duck races, chalkboard house.
Fresh Local Produce, Hay Rides, Farm Animals, Roasted Corn, Food & Drinks, Kids Activities.
Old Fashioned Country Store & Market, Corn Maze, Bonfire and Picnic Area, Hay Rides, Famous Apple Doughnuts.
Family Adventure Farm, Pumpkin Patch, Corn Maze, Jumping Pillow, Human Hamster Wheels, Tire Swings, Animal Barn, Spookley Playhouse.
Fall Festival, Corn Maze, Gift Shop, Alice in Pumpkinland Corn Maze, Hayride.
Hands on Working Farm, Maze, Pumpkin Patch, Animal Petting and Feeding.
50-acre pumpkin patch, corn maze, wagon rides, u-pick apple orchards, duck races.
Pumpkinland, Farm Frights, Farm Market, Corn Mazes and more.
You pick veggies and pumpkins, Free play barn and wagon rides.
Sarah Bells General Store, Beer Garden, Food Court, Roasted Corn, Kettle Corn, Farm Goods & Primitives. Zombie Paintball, Haunted House, Flashlight Corn Maze & Private Fire Pits. Monster Truck Rides , Corn Maze, Pumpkin Patch, Pro-karts, Super Slide, Gem Mining, Kids Paintball Blast & More!,
Pumpkin Patch and Corn Maze, Ice Cream, Espresso, Flowers, Farm Animals, Hay Barn, Pumpkin Sling Shot, Apple Cannon Blaster and more……