Thursday, January 20, 2011

Ray Allen's Home for Sale

Former Seattle SuperSonics player Ray Allen and current Boston Celtic recently put his Washington State home on the market. Allen's home in Carnation, WA has been co-listed for sale by Ewing and Clark agent Nate Pearson The 10,000 sf estate is located in the Blakely Woods community. The 5 bedroom, 5 bathroom home sits on 4.5 acres and is the epitome of luxury living. The home’s amenities include a sports court, a pool, a putting green and a Jacuzzi. The home is offered for $3.7 million. Click the link to see more details on this beautiful home.

Friday, January 14, 2011

2010 Foreclosures

In 2010, nearly 1 million homes were repossessed across the nation. Washington alone saw 20,000 foreclosures, a 30% increase from the year before. RealtyTrac, who reported the statistics, says things are only going to get worse this year. They predict 1.2 million homes will be foreclosed in 2011. However, Washington State saw a smaller amount of foreclosures compared to other states last year, which gives us a glimmer of hope. The month of December also had the lowest number of foreclosures in the last 30 months. Washington State is ranked #18 among state’s with top foreclosure rates.

Wednesday, January 12, 2011

An article in The Seattle Times published last Friday reported that the median sales prices of single family homes dropped to just around $360,000. This is the lowest median seen in King County in the last 5 years. This median is typical for previously-owned homes, and around or under 2,000 sf of living space, dependent on location. Because the median is so low, this time is opportune for buyers to make a move. Buyers are also seeing low mortgage rates, which should be taken advantage of. We can help you find a Seattle home for sale. Please visit our residential property search page to find a home in your price range.