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featured properties market report

Wild Weather, Wild Market


My oh my, what a spring it is. This afternoon, a thunder, rain and wind storm felled trees across the region, including one that crashed onto I-5 and closed the southbound lanes through Shoreline at rush hour. Crazy stories abound.

And the stories we’ve heard about this past week’s market activity are wild, too, exactly like the weather today. The pace of in-city real estate sales continues to be very brisk! At GBK we had ten more sales reported for the past week, from Alki to Clyde Hill and all around central Seattle, including this eclectic Leschi home, an urban treehouse, listed for $630,000: GetMedia.ashxGetMedia-2.ashx

And this little Victorian cottage in Ballard, priced at $398,000:Charming 1900 bungalow with Victorian detailing, cedar siding, b

These days, it’s a good practice to hang on to your hats.


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Landmark In Leschi


If you live in Seattle, you’ve driven by this home and it has captured your imagination. The belle of the ball! Once upon a time built to preside over Empire Way (known today, of course, as Martin Luther King Jr. Way), this home exudes the grandeur of another time with voluminous spaces and sweeping views of downtown Seattle and all surrounding environs. In the past decade, this Victorian mansion was restored and completely re-imagined with a modern aesthetic, and it is cool. Front entry, main staircase, living room and central hallway thaLarge dining room with French doors and velvet curtails that leaVery well equipped contemporary kitchen with Zebra wood cabinetr

Second level landing and hallway, contemporary staircase and det

2753 South Washington Street, Leschi, Seattle. Offered at $839,000. Five bedrooms, five bathrooms, four floors of living space, all meticulously finished. 4300 interior feet. Wrap around porches, upstairs and down. Entertain in style and everyone can spend the night afterwards! Built in 1904 on a 5000 foot lot. Detached garage.

Granted, this is rather the outskirts of what one might consider to be Leschi but included in the Leschi neighborhood boundaries nonetheless. And what a fair trade when you consider such dramatic and expansive spaces, as well a siting that affords these impressive views.

One angle of the incredible, sweeping views to the South, West a

exterior 1

Open Thursday 10:30 a.m. to 2 p.m.

For more info and photos, click here.

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Land For Sale


This is located on the Leschi Ridge and I really love the outlook. West facing with views of downtown Seattle, Elliot Bay, the Olympic mountain range. Not an easy thing to finance right now, vacant land, new construction. This seller missed his market but someone might have an opportunity if they have a big bagful of cash.

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Hoisted and Moved


Archive photos can give us some interesting clues to the history of a property. In this particular archive photo of the house I sold this past week it shows that the house was moved to its present location in 1962 (left hand side of photo where it says 12-62). We then can speculate that it was likely moved from someplace along the I-90 corridor since that’s when the highway was beginning to be built through Leschi in Seattle.

(Did you know? I-90 incorporates two of the longest floating bridges in the world, the Lacey V. Murrow Memorial Bridge and the Homer M. Hadley Memorial Bridge, which cross Lake Washington from Seattle to Mercer Island, Washington. They are the second- and fifth-longest such bridges, respectively. In the whole world!)

Anyway, here is how this house looks today:

Sweet, isn’t it?

It is beautifully restored. And updated nicely.

My favorite room in the whole house is the pantry.Luxuriously old fashioned. LOVE.

1325 Yakima Ave S, Seattle 98144-3832. Three bedrooms, two baths, 1720 interior square feet on a 4320 square foot corner lot. Last list price $449,000. More info and photos here.

market report

The Monday Report


At our meeting this morning, we had a short sale specialist team come speak to us. They offer their expertise to other agents who need help managing the short sale process, which is arduous and often pretty unnavigable.

According to them, it takes up to three buyers for a short sale property to actually close and closing takes at least eight weeks but often far longer. Nationally only 30-40% of all short sale transactions actually close; regionally we fare better: 60-70%  will close. Sometimes, the buyer gets fatigued by the process and bails, and sometimes the bank offers the sellers a loan modification at the eleventh hour.

These specialists also talked about the HAFA program which allows the seller to stay in their home and have no deficiency reported, as well as the Equator program which is a totally online procedure meant to streamline and expedite things.

I suppose that since we will continue to deal with short sales for the foreseeable future it makes sense to try to make sense of them.

In more positive news, I sold this house today. More details to follow…