Category Archives: Recent Articles & Data

Walk Into History

Set on sprawling grounds, this historic Colonial Revival home makes one’s feel part of a past era when craftsmanship meant allying aesthetic and durability. Built in 1918 and fully restored since, the sizable rooms, perfect for entertaining, extend onto patios and courtyards representing natural extensions of the main house. A serene setting overlooking Puget Sound, neighboring islands and the Olympic Range. While located a mere half hour commute to Downtown Seattle, the property offers a peaceful rest from city life.

From the main foyer elevated ceilings and stunning staircase, to the enfilade of rooms, the attention to finishes makes visitors and guests ponder: moldings, crystal chandeliers, antique light fixtures, patined oak hardwood floors, rich marble counters and beautifully appointed fireplaces. A home where one feels happy and at peace.

From the detailed work of door knobs to the stunning lines of the slate roof, the home was designed to stand the test of time.

Check out the video here

Nestled in the waterfront community of Three Tree Point, the property is well known by its community residents for its striking architecture and estate qualities, with the sweet name of the “robin’s nest” due to its current Tiffany Blue color.

Walk across the street to reach a public (hidden) beach access. Three Tree Point enjoys a wonderful sandy beach at low tide as well as a “Harry Potter” walking trail also known as the Indian Trail great for strolls when the water is against the shoreline.

Contact us for a private showing. 206-214-8499/veronique@windermere.com

The ultimate Puget Sound community: Three Tree Point

With easy public transportation and a short drive between Seattle and Tacoma, Three Tree Point offers the ideal destination for beach lovers wanting a home allying convenience & retreat.

The community has a long standing tradition with Seattleites who used to come here to unwind and play in the water at the time when steamship was the only access. Today, its residents love its “tucked away” secret feel and its easy commute (Light Rail, bus, “Park & Ride”, 509 side freeway, and SeaTac international airport). The practicality and dramatic scenery make it a favorite destination along the Greater Puget Sound region.

Here you will experience tranquility combined with the soothing roll and cadence of the waves & tides that will make you forget that urban living is nearby. A fun corner of the world to observe wildlife: king fishers, eagles, seals, otters and the seasonal whales.

Finding the right home on the water can take years as a very limited number of properties ever come on the market and homeowners have a tendency to move only when downsizing, or searching for a different type of local waterfront. It is common for waterfront owners to “trade” their tram or walk-down properties for a drive-to access or a better-sandier beach. Among other desired features on the water: parking, sandy beach, private tidelands, deeded buoy…

This new listing offers the perfect combination of some of these key features. Affordable at $1,550,000, the property enjoys a drive-to level access; low maintenance & gated/fenced-in grounds; a perfect outdoor setting to enjoy the views and water with its davit to launch boat, jet ski and paddle board; a private sandy beach; a cozy interior and a sought-after 3-car garage and plenty of parking…

Contact us for a private showing at veronique@windermere.com, text or call at 206-214-8499.

Washington Waterfront Home Tour June 23-24 1-4pm

Is waterfront right for you?

The dream of owning a beachfront property runs deep in the Evergreen state. Back in the early 1900s, city dwellers escaped their Seattle homes on the weekends and Summers to enjoy the many pleasures of waterfront living. Today this tradition is still very much alive among Seattleites. Whether purchasing beach retreats to recharge their batteries or moving permanently on the water’s edge, waterfront properties are popular as they mean a vacation-like lifestyle all year round.

This weekend, June 23-24, from 1-4pm, Windermere Real Estate and Komo 4 are sponsoring their fourth annual Washington Waterfront Home Tour. It is the Puget Sound’s biggest waterfront tour spread over two days. It is the perfect opportunity for anyone thinking of beachfront. You will be able to explore neighborhoods, types of beach, and prices. https://www.waterfronthomeswa.com/

We have four properties on tour this weekend, all exceptional and different in their own respect.

#1. 2681 SW 151st place, Burien    Open Sunday 1-4pm  http://pugetsoundhomes.withwre.com/listing/71507717

#2. 2155 SW 173rd Place, Three Three Point    Open Sunday 1-4pm http://pugetsoundhomes.withwre.com/listing/79697110

#3. 26916 9th Avenue S, Woodmont    Open Saturday & Sunday 1-4pm http://pugetsoundhomes.withwre.com/listing/80445154

#4. 27014 10th Avenue S, Woodmont   Open Saturday 1-4pm  http://pugetsoundhomes.withwre.com/listing/79742963

We are looking to see you all. Call us to schedule a private showing if these days and times don’t work for you. Veronique@windermere.com or text/call 206-214-8499

 

 

Timeless Waterfront Beauty for sale

Within a mere 35-minute-drive to Downtown Seattle, rests this incredible 1.2 acre gated estate perched above Puget Sound: a graceful 6300 square foot home with endless views where time seems to stand still. As the wrought-iron gate opens and the property reveals itself, one cannot help but fall under the spell. Built in 1929, the main house offers generously-sized rooms including an expansive living room; perfect Vintage details such as luxurious mahogany millwork, crystal chandeliers, original glass door knobs, period tile work, coved ceilings; beautiful hardwood floors (well-protected under the plush carpeting) and walls of picture windows/doors to capture incandescent sunsets & wild storms.

Each of the four master en-suites has its very own flavor and scheme giving a dramatic yet fun dimension to the home “the blue velvet master”, “the vibrant pink room”, “the soothing white guest bedroom” and “the hip orange-golden room”. The lower level represents THE quintessence of entertaining between the built-in bar & its kitchenette, the game room, the workshop and the gigantic rec room open to the brick patio, heated pool & cabana.

An easy walk down to the private 180′ beach. Explore the grounds, pick apples, plums and berries from the orchard, take tea under the gazebo, breath in the salty air from Puget Sound, watch bald eagles fish right before your eyes… in a word experience the best of the Great Northwest in this bit of hidden paradise!

Watch the video.  Click here to see the photo gallery and detailed listing.

2017 REAL ESTATE PREDICTIONS

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 2017 real estate market, based on data that was available at the time this was written:

Median Sold Prices – Home prices will continue to increase nationally by single digit numbers, about 5%. However, urban metro areas with high employment or that are in high demand by Millennials may still see increases at 10% or above. According to the National Association of REALTORS®, October’s national median price for existing single family homes was $232,200, which represented a 6.0% increase over October of 2015 (which was the 56th consecutive month of year over year gains). National inventory shortages coupled with high demand will continue in 2017.

Housing Inventory –  Although there are improvements in this category, it will take more than just a year for the situation to turn around. Our inventory shortage was caused by a shortage of housing starts that began during the recession. We will continue to see inventory challenges until new construction picks up even further. I predict that more buyers will be entering the market for a home as our economy is strong with low unemployment. According to the Bureau of Labor Statistics, the national unemployment rate stands at 4.6% for November, 2016, which is the lowest it has been since August of 2007. High demand and low new construction means a continued inventory crunch.

Housing Starts – Housing starts (the measure of homes that began construction) jumped from 900,000 in 2015 to 1.3 million in 2016. Although this is a welcome increase, it is still not enough to quench the demand. Our country needs about 1.5 million new starts per year to maintain inventory, but since 2009, we have been short a cumulative 5 million units. This is one of the primary causes of our inventory shortage and what is driving prices up – demand outweighs supply. In 2017, I predict that builders will finally surpass the 1.5 million start target and our inventory shortage will begin to wane by mid-2018.

Second Home Markets – Investment and vacation homes markets will continue to be strong in 2017. The passing of wealth from the Silent Generation (1925-1945) to the Baby Boomer Generation (1946-1964) is a strong driver of vacation home purchases. Investment properties are a hot commodity, especially in urban areas where rents are skyrocketing due to a shortage of housing.

Interest rates – The improving economy and almost full national employment is a sure sign that interest rates will continue to increase in 2017. The new rates will balance job growth and higher inflation rates. The Federal Reserve increased interest rates a quarter of a percentage point at its December meeting. The federal fund rate has a significant effect on mortgage rates. I expect the 30 year fixed rate mortgage rate will reach 4.75% by the end of 2017.