Kirkland Condos & Townhomes Selling 10% Over Listed Price.

The average condo and townhome in Kirkland is selling about 10% over list price.

Some are selling in even more extreme bidding war scenarios and I’ve highlighted 3 that I have shown and toured in the last 30 days.

12016 101st Ave NE #G2, Kirkland 98034-6734

juanita-crest-bad-siding-condo

At this condo in Juanita, my Buyer and I stood outside in the rain and talked about the siding that day. You could literally put your finger in holes in the siding where it was rotting and without a doubt the condo would need future work/repairs.

It was listed for $300,000 and sold for $367,000. 

The next condo, located behind the Kirkland Post Office -used to be apartments. My sister rented here for years. The insulation is thin (read: you can clearly hear your neighbors) and the bi-fold closet doors used to fall off.  

224 9th St #G-304, Kirkland 98033

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This one was listed for $348,000 and sold for $400,000.  $52,000 over list!

Kirkwood condos, top floor end unit. This condo is located conveniently close to the Kirkland Cross Corridor trail. However, it was built in 1985 and has textured walls and popcorn ceilings and is in need of a master bathroom make-over.

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404 10th St #D-301, Kirkland 98033
That condo was listed for $325,000 and sold for $385,000.  60K over list!
These are extreme but they are not rare. The average sale price in the Kirkland area is 10% over list.

If you go further North to Bothell, Kenmore and North Kirkland the average list over sale price is 5%.

This is a lot more manageable for most 1st time home buyers.  I think if you can focus on this area you will:

  1. have a better opportunity to compete in a bidding war
  2. not have to bid as high
  3. experience greater growth in your equity over the next 3-5 years

 

My name is Georgia. Friends call me Peach. I live in Kirkland where I’ve been helping Buyers and Sellers 13 years. Call me to discuss your home value or how to write the most competitive offer possible in a competitive market like this! 206.948.0431

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Kirkland Condos Are My Jam!

I’m obsessed with Kirkland and selling some of the finest boutique waterfront properties in 98033 and 98034. I’m great at working with HOA’s and Property Management firms! This is where most agents get jammed up! Not me.

I live, work, and play in Kirkland! That’s why I go by @KirklandPeach

You can count on me to represent your sale with maximum strategy for your ROI. It’s not about a sign in the yard; half of these condos won’t even allow for signage! It’s about pricing and presentation!

Sunset Pointe Condo. Houghton. Sold!

 

6620 Lake Washington Blvd. “The Park” Sold.

 

733 Lakestreet Condo. Sold.

 

375 Kirkland Ave. The Boulevard, Sold.

 

Coming Soon! Juanita Shores.

What is the value of your condo? Let’s talk. Timing and strategy are everything. Let’s get real about your home value while the market is hot.

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GeorgiaWall@JohnLScott.com | 206.948.0431 | http://www.Facebook.com/KirklandLiving

Maximum Strategy, Maximum Profit in Newport Hills

2 solid offers resulted in a bidding war for my Sellers in Newport Hills, Bellevue.

The market is hot, but it takes knowledge and experience to filter the offers, pick the best buyer and ensure that the house goes from “For Sale” to “Sold” in the next 30 days. It’s more than my sign in the yard it’s 15 years of experience that guide my Real Estate practice.

Check out the gorgeous pics of my staged listing in Newport Hills for $848,900.

 

Light, Warmth & Natural tones throughout this Northwest Contemporary home atop Newport Hills. Serene territorial views encompass the open concept living, dining & kitchen spaces. Outdoor living at its best w/ tiered decks & patio spaces to fit all your summer company. Deep & rich tones of exposed beams & hardwood floors. Rec room to suit your biggest gathering. Loads of storage on lower. Brand new stainless appliances in kitchen & thoughtful updates throughout. Minutes to Newport Hills park.

MLS #942057

Sold price to be disclosed in 30 days.

My name is Georgia. My friends call me Peach. Call me to discuss your home’s value and the strategy involved in selling at the right time, for the right price. 206.948.0431/ GeorgiaWall@JohnLScott.com

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Kirkland Summerfest Kicks off tonight!

Kirkland Summerfest: the city’s premiere summer festival of art, music, food and family fun on the waterfront.

Kirkland’s largest festival features 2 days of visual and performing arts, spectator sports,  kids activities, and live entertainment, over 100 vendors and food trucks on the streets of downtown. One of the 101 reasons why I love living in Kirkland. When the city puts it’s mind to do something, the community get’s involved! It’s all hands on deck.

There are 26 donors and countless sponsors involved in putting this together to make it Kirkland’s Best!

Kirkland Summerfest‬ 2015 is here. Friday starting at 4pm-11pm and through Saturday all day until 11pm.

Summerfest 2015 is here! Friday and Saturday downtown at the marina!

Summerfest 2015 is here!
Friday and Saturday downtown at the marina!

There will be live music all weekend long, lots of food, 27 arts and crafts exhibits to peruse.

Check out the music main stage schedule here!

The Fish Frolic is back this year with lots of quirky, cool, creative fish to place a bid on. If anything they make for a great selfie backdrop!

Head on down to the Marina where all the action is!

Tired of multiple offers? Think about new construction instead.

Buyer’s are exhausted; Running around before and after work ( and taking off during lunch breaks) to be the first buyer to see a property gets old fast.

Let alone, pre-inspections, escalation clauses and waiving appraisals is not what most buyers have in mind when it comes to buying a home.

New construction may be your best solution to avoid the rush of the resale market. Builders have inventory that needs to move and for Buyers that translates to peace of mind, picking out your own color pallets and allowing the time needed for financing and inspections.

You can find me twice a week at Lexington Park in Bothell. There are 4 homes, move-in ready and all priced to sell $559,900-$669,000.

New prices on new construction. Come visit me at the model home.

New prices on new construction. Come visit me at the model home.

Come check us out this weekend. Fri- Mon 11-6pm.

The words “mutual agreement” are a beautiful thing!

Originally built in 1927 and lovingly restored in 2009…this home is loaded with charm.

My Buyers are thrilled to get to mutual agreement on this amazing house we affectionately call Yellow House.

$730,000 in North Beach ( minutes from Golden Gardens), Seattle.

Total studs-out renovation/addition in 2009 of existing 1927 hom

Total studs-out renovation/addition in 2009 of existing 1927 home

An added bonus is the detached picturesque studio/cottage, rebuit

An added bonus is the detached picturesque studio/cottage, rebuit

Gorgeous master bath and claw-foot tub waiting to be enjoyed. He

Gorgeous master bath and claw-foot tub waiting to be enjoyed. He

Escape to this luxurious master suite where you'll find cathedra

Escape to this luxurious master suite where you’ll find cathedra

Enjoy and open floor plan and 9' ceilings.

Enjoy and open floor plan and 9′ ceilings.

So much openness! Kitchen designed with entertaining in mind.

So much openness! Kitchen designed with entertaining in mind.

Main part of home includes 1,250 square feet, large master suite

Main part of home includes 1,250 square feet, large master suite

Beautiful landscaping throughout and fully-fenced yard. The base

Beautiful landscaping throughout and fully-fenced yard. The base

Exceptional Land Opportunity in Kirkland- check out my new listing!

The hottest neighborhood on the Eastside just got more interesting. Check out my listing that just hit the MLS yesterday.

Housing demand is sky high and inventory is at record lows. New Construction is what buyers are waiting for. Two parcels being sold as one. .46 acres/ 20,745 square feet.

Prime real estate opportunity in the heart of Kirkland on Rose Hill. Zoned RM 3.6 for Multi-Family Residential development. Excellent .46 acre level lot centrally located with superb excess to I-405. Minutes away from DT Kirkland waterfront/shops. Served by Lake WA school district. Gas/Electric/Sewer in street. Soil test completed. Land for sale only. Site plan & conceptual renderings available. Potential for 6 homes with zero lot line. Partial mountain views from East corner of the lot.

C1-Site Plan

With inventory at record lows and demand at record highs- now is the time for new construction.

With inventory at record lows and demand at record highs- now is the time for new construction.

Nash Wilbur Lane Prelim color 1 View 1-3 (1)

.27 acre lot is zone RM 3.6.

Opportunity awaits.: MLS 801389

Contact me for additional marketing materials for a full preview of the land, renderings and detailed information.

GeorgiaWall@RemaxOTL.com

206-948-0431

OMG the market is HOT. So what does that mean?

People are saying…

Wow the market is so hot! You must be so busy!

Or

The market is so hot, we are going to have another bubble.

Or

I don’t want to buy in this market, it’s too hot.

hot market

Here are 3 things you should know about what a “hot” market means and how it affects buyers and sellers (and Realtors) differently.

1) Just because the market is hot, does not mean that Realtors are busy. Demand is WAY up and Inventory is WAY down. This means that Sellers have the advantage because there are not enough homes to meet the demand of the Buyers. Realtors work equally as hard in a “Buyers” market as they do a “Sellers” market but with emphasis in different areas.

Media focuses too much on one house that sells way to high. It freaks buyers out.

Media focuses too much on one house that sells way to high. It freaks buyers out.

2) Home prices are up, some houses…WAY up. Think of it like a flashlight. The headlines you read are putting extreme focus on hot areas like Bellevue, Seattle, Ballard, Sammamish, Kirkland, Redmond…places where there is ALWAYS demand. Most Sellers are happy to see values just starting to come back to 2005 and 2006 price ranges. Seattle is not facing another bubble.

Prices naturally stay "hot" in the urban core and spread out to the suburbs as the market heats us and prices go with it.

Prices naturally stay “hot” in the urban core and spread out to the suburbs as the market heats us and prices go with it.

3) Waiting to buy does not save you money, it’s actually a risk that you will pay more, especially when interest rates go up. As homes sell at higher prices, it sets the new bar. This means that if you opt out to buy because you think you are contributing to the “hot” market, you will just risk paying more. Every home that sells is now that new “comp” for the next home that comes on the market. As the market heats up, every home in every area will eventually all go up in price.

I’m Georgia. My friends call me Peach. I’ve been helping Buyers and Sellers in Real Estate for over 12 years. Looking forward to working for you! 206.948.0431

Open House 411

So what’s the deal with Open Houses anyway?

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If you are wondering what the agent is thinking or what the general protocol is… let me help you out a little.

Here are 10 things that you should know:
1. I can get really bored. Most of the time I’m just happy for the company! So c’mon in!
2. The real estate agent hosting the open house is very often NOT the agent that is actually selling the house. (Read: I did not set the price.)
3. Yes, you can use the bathroom. It’s ok.
4. If you don’t like the house, the staging or the design, it’s ok to say so. You can’t hurt my feelings…It’s not MY house.
5. Sticky fingers on the furniture or broken staging pieces are hard to explain to seller: Keep an eye on the kiddos.
6. You may go to an open house with/without a Real Estate Agent. *BUT* if you have one, just tell me. I’ll leave you alone but still answer your questions.
7. Do you really need a flyer? Or is that just an excuse not to have to talk? Engage the agent. They might actually know some really interesting things that are NOT on the flyer.
8. Shoes off please. One weekend of open houses can trash the floors.
9. Poke around, open cabinets and drawers. The Agent will let you know if there is anything off limits.
10. Shop an Agent at an open house. Are they on the phone? Do they have statistics and community info? How long have they been an agent? This is an easy opportunity for an impromptu interview if you are looking for an Realtor.
And there you have it.
10 years of open houses. Just thought I’d share.