We had a good time at the Sylvan Ridge Block Party. They have currently revised some pricing, so if you are looking for a great townhome in the West Seattle Area, it’s a buyers market take advantage while it lasts. Click on the picture below to view the show.
Seattle Metropolitan Magazine once again has made noteable mention of our local Burien community.
I was sitting here reading my favorite magazine drinking some wine (true story) when I came across another great article about Burien. We know it’s great, but it’s about time everyone else realizes just how much we have to offer. So if you live anywhere near Burien, which would include; Des Moines, Tukwila, and you too West Seattle. You need to make your way over for a visit and glass of wine. You have the perfect opportunity this Saturday, July 26th. Vino Bello, where I just had some awesome Prosecco the other day, was one of “Best of Burien” mentioned in the Seattle Metropolitan. Vino Bello is having their Two Year Anniversary Party. Check out the details right here…
Now the rest of the best of Burien included;
Elliot Bay Brewhouse and Pub. This is another great place, especially if you have kids, or don’t. It’s lively and loud and your three year old could fit in perfectly. Since I ate everything on the menu the first couple of months they were open, I’ve had to take a little break. But it’s a fun place to drink and eat and you can play shuffleboard. The beer is very good, I’m not an expert, but I am a conessiuer and own my own growler from there. It’s your own personal tub of beer that you take in and they refill for you and then you can take it home.
Next is the Burien Market, 233 S.W. 152nd St. This is on my list of places to visit this week. They say you can find hard to find Asian spices, fresh produce and herbs.
Seahurst Park was mentioned for its views of the Pugest Sound, Olympics, Vashon and Blake Island. I love this park and have been teaching my children to drive in their parking lot just recently. Again, if you have kids, it’s the perfect place to turn over rocks and find crabs and all sorts of moving creepy marine life that kids are not afraid to touch. Or it’s a very romantic place to watch a sunset or take your dog for a walk. So come visit!
Something new and hot but not on the map yet is Filiberto’s Cucina Italiana. This I will follow up on when I can get more information. But more food and Italian is always a good thing! Mangia Mangia!
From April 2007 to April 2008, the Seattle area ranked second in job growth of all metropolitan areas with population of three million or greater. With a growth rate of 2.1% in the last 12 months, Seattle’s job growth is 2.3 times as much as the average growth for cities of our size.
When cities have increases in the number of jobs; this means they need more apartments, condominiums and single family houses. Some of these jobs are taken by local residents, including recent college graduates; while some are taken by people moving to the area. The Seattle area has always been a desirable place for people to relocate to. But since the Seattle area economy is outperforming most other metro areas in the United States; more people than typical will move into the Puget Sound area in the next few years. The increased demand for housing will cause rents to increase and prices for condominiums and houses to increase.
Apartment rents have increased significantly in the last few years in the Seattle area. This was due to fewer apartments being built over the last several years (when rent increases were lower) and lots of apartments taken away as they were converted to condominiums. As such, the cost of waiting to buy has increased and will continue to increase.
All those factors combined lead to a conclusion that demand should continue for real estate in our market, despite the gloom and doom national outlook.
About the statistics: There are 369 Metropolitan Statistical Areas within the United States monitored by the U.S. Department of Labor’s Bureau of Labor Statistics. Of these 369 MSAs, 16 have a 2007 population of 3 million people or more. The chart above lists these 16 MSAs from the highest to the lowest in terms of employment growth rate added between April 2007 and April 2008. (The growth rate is determined by jobs added between April 2007 and April 2008 divided by the number of jobs in April 2007.) The Seattle MSA includes King, Pierce and Snohomish Counties.
Seattle Magazine has rated the top 110 Best Neighborhoods and Sylvan Ridge just happens to be in the neighborhood ranked 3rd on the list of overall best! These are some great new construction townhomes near West Seattle that you need to check out. Easy commute to downtown Seattle. A benefit of boutique shopping in West Seattle and local shopping in the Westwood Village Mall, where you can find Target, Barnes & Noble and Bed, Bath and Beyond. Prices starting in the mid $300’s. Give Tamea Duckworth a call at 206-933-6800 for a tour of one of the model homes today.
Click on the Picture Below For a Visual Tour
*3 Color Schemes to choose from.
*Each home has a two car tandem garage
This graph shows what homes have sold in our Burien area during the month of May. There are some really great homes on the market right now. With interest rates so low, now is the time to make your move. Especially if you are a first time home buyer. If you have any questions about purchasing a home or need information to help you start the process, give me a call. Danitajolly@remax.net or 206–412–3699. Your home is waiting for you!
I heard this saying once. “There is never a bad time to buy real estate, only a bad time to sell”. Let’s take a closer look at the last 10 year statistics in the King County Area for home and condo appreciation. How many times have you said, “With todays prices, how can I afford to buy….” You can fill in the blanks with just about anything, but just imagine if you did buy it back then. Does this look like prices are going to decrease?
| King County | ||||
| Source: Northwest Multiple Listing Service | ||||
|
Average |
Average |
|||
|
House |
% change from |
Condo |
% change from |
|
|
Year |
Price |
prior year |
Price |
prior year |
|
2007* |
$558,060 |
7.7% |
$329,938 |
8.9% |
|
2006 |
$518,108 |
13.7% |
$303,077 |
19.3% |
|
2005 |
$455,774 |
16.7% |
$253,987 |
9.7% |
|
2004 |
$390,659 |
10.7% |
$231,522 |
9.3% |
|
2003 |
$352,956 |
4.1% |
$211,776 |
-0.2% |
|
2002 |
$338,969 |
4.9% |
$212,220 |
7.3% |
|
2001 |
$323,183 |
3.0% |
$197,821 |
-0.7% |
|
2000 |
$313,623 |
9.2% |
$199,232 |
9.8% |
|
1999 |
$287,075 |
10.7% |
$181,389 |
12.1% |
|
1998 |
$259,237 |
12.5% |
$161,864 |
9.6% |
|
1997 |
$230,345 |
7.2% |
$147,630 |
9.0% |
|
1996 |
$214,823 |
4.3% |
$135,391 |
2.1% |
|
1995 |
$205,902 |
$132,612 |
||
| * average through the end of October 2007 | ||||
The average condominium price in King County in 1997 was $147,630. Now it’s $329,938. So the average condominium price in 2007 is more than double (2.23 times) the average price 10 years ago.
The average house price in King County in 1997 was $230,345. Now it’s $558,060. So the average home price in 2007 is more than double (2.42) the average price 10 years ago.
Woodinville Living Undressed