Thursday, March 21, 2013

Home Prices are Finally Back on Track!

home1According to the latest report from Fiserv’s Case-Shiller, home prices are predicted to return back to normal, and we should expect gains in our future! After many years of unpredictability, a market increase is headed our way. According to the report, home prices are estimated to increase 3.7%  beginning in the third quarter of 2013 and 2014, and home prices in nearly every metro market are expected to see an increase in 2013. This past year we’ve seen a glimmer of a recovery, and home prices are expected to stabilize, more-so than they have in the past 15 years. From 1998 to 2006, home prices rose 5% or more each year, and once that housing bubble peaked, the plunge was devastating; dropping nearly 30.5% through September of 2012.
In the 4th quarter of 2011 is when we finally began to see signs of stabilization, according to a report by CNNMoney. From Sept 2011-2012 US home prices were on the rise, and several of the metro cities hit hardest by the housing downfall, saw the greatest gain during this time. By the end of 2013, Fisver predicts that nearly all housing markets will see an increase. If you’re looking to sell your home, contact your local Real Estate agent today!

Friday, March 15, 2013

$800k Price Drop in the Highlands!

When an Arthur Erickson designed home hits the market, most Seattleites gain interest in the story but when an Arthur Erickson designed home in the Highlands has a price drop of nearly $1,000,0000; well, now we’ve got your attention. Originally built in 1979, this home has been recognized among the most significant homes in the Pacific Northwest, and sits on 8+ acres in the Highlands. The home boasts white polished concrete & glass ceilings and an open floor plan.  To the south the home looks out over an impressive swimming pool with a sculptural meadow and a prominent woodland backdrop and to the northwest over a reflection pool with mountain and sound views beyond.  The estate also includes a James Cutler designed 1,700 sf guesthouse tucked away so not to disturb the views of the main house.  The estate was previously listed for $4,495,000 and has recently been re-listed for $3,695,000.

Over the past year, there have been six residences that sold in the Highlands, three of which exceeded $3 million. Currently there are 10 active listings in the Highlands. Click the link for more information on this home or others in The Highlands.

Monday, March 4, 2013

Congrats to our Commercial Brokers for Winning Costar Power Broker Award!

trophyCostar, a Washington State Commercial Real Estate information company has released the list of recipients for their annual Power Broker Awards. The winners for the top retail leasing brokers include Tom Graff, and Cameron Kent of Ewing & Clark, who together have established a strong leasing presence in the surrounding Seattle area. What are the awards based on you might ask? The Power Broker Awards are given to those in the community who  have an outstanding performance in what is now an increasingly competitive commercial real estate market. Performance is based on their overall leasing transaction volume for the previous year, as reported by Costar, and measured against all of the active commercial real estate brokers in their market.
Congratulations to Mr. Kent and Mr. Graff for their achievements in the industry! As Costar is among one of the largest research organizations in the US, being recognized as one of the top real estate firms and deal makers around should be considered a great achievement. For more information on the 2012 Power Broker Awards, visit Costar.