Apartments Sold on Greyhound Station Block to Become Mega Hotel

Last week there were some notable commercial sales in and around Seattle, including one in the Denny Triangle that is staged to make way for a Mega Hotel downtown!
According to the Puget Sound Business Journal, Seattle based R.C. Hedreen Co. purchased two high rise apartment buildings on the same block as the Greyhound bus terminal for $7 million, and they have plans to build a 1,200 room hotel. Hedreen hopes  to get traffic from the convention center, and has since met with city officials to discuss early design guidance, and a possible office tower could be constructed on 8th and 9th Streets along Howell & Stewart. For more information on this project, follow the Puget Sound Business Journal.

Maintenance Tips to Safeguard Your Home for Fall

As you know Fall in Western Washington can be quite wet, and it’s important whether you rent or own your home to take proper precautions to ensure your home is prepared for fall and winter conditions.

You can check the foundation for cracks in caulking around the exterior where pipes and wires enter the house, and especially around windows and door frames in older homes, to stifle heat from escaping through the cracks! Be sure get the problem taken care of as soon as possible, because even the slightest crack can cause water to get in and freeze, sometimes resulting in extensive mold damages. If you're renting, check with your landlord if the roof was checked recently for damages that could lead to leakage, and put away summer tools and lawn furniture. Clean your screen doors, and store for the winter, as winter conditions can damage these as well. For more information on how to best prepare your home in the fall, visit Zillow.

Influx of New Hotels Planned for Downtown Seattle

The Downtown Seattle metro area has not seen any hotels break ground in the past two years, and there are no current plans for any to go under construction in the next upcoming months. But according to the Seattle Times, all that might change this year, with current hotels having successful bookings, with little trouble filling rooms, and they’re able to have consistently higher rates. Developers are feeling more confident with those statistics in place, and are moving forward by proposing more hotels pop up in the downtown area.

Downtown Seattle Sheraton, photo courtesy of destination360.com

Downtown Seattle Sheraton, photo courtesy of Destination360.com

According to the Times, one of those proposals includes a hotel with 1,200+ rooms, which is larger than any hotel in the area except for the Seattle Sheraton hotel. If all of the projects presented were to be built, the Seattle hotel industry would increase by more than 15 percent. Developers like Touchstone, Kauri, and Daniels Development among others all have projects in various stages of planning for construction, and Seattleites looking for hotel living should keep an eye out for upcoming hotel projects that include apartment rentals or sales planned into the space as well. For more information on upcoming projects in the Downtown Seattle area, visit the Seattle Times.

King County Homes Prices Up 7% in July

As we’ve mentioned a few different times, King County Home Prices are on the rise, and according to the Seattle Times, the stats for July are all up across the board too. Last month, King County home prices rose 7.2% compared to July 2011, making this the fourth straight month in a row to see an increase. While the rise continues, July didn’t see as big of an increase as June had; with the median home price listed for $375,250 in July which was about a 1% drop from June.
There has also been a drop in inventory of homes on the market, which is a huge factor. According to the Times, inventory in King County is the lowest it’s been since 2006, and the number of potential buyers vs. sellers is playing a huge role in the market. More people are opting to rent to avoid costly mortgage debt, as they’ve seen more frequently than before. One thing is certain, the confidence in buyers in Seattle is spreading, and sales could have even possibly been higher if the lack of inventory were higher.

West Seattle Estate For Sale: $2,250,000

West Seattle Home For Sale: $2,250,000

Posted on August 2, 2012 by ktiernan

This West Seattle Estate has breathtaking bluff views of the Olympics and the Northwest Islands! The beautiful grounds, including the garden out front have been well maintained and the deck out back practically sells the estate itself. This 5 bed, 3.25 bath has old world charm, with all of the amenities, a wonderful sun room, and the grace of a by-gone era. The living room and kitchen have huge bay windows looking out across the Sound, as do the majority of other rooms in this massive 6,350 sf space. For more information on this luxury home, or other properties in the surrounding Seattle area, visit Ewing & Clark Inc.

King County Homes See Double Digit Rise

Washington Park Home listed for $3,895,000

This has been the third straight month in a row that we’ve seen a year over year price increase in King County, and it’s definitely the largest! According to the Seattle Times, for the first time in five years, we’ve seen a double digit increase, with the median value in homes estimated at $380,000, a 10.1% rise since June of last year. The last time there was a year over year double digit increase was back in 2007, when the median also hit an all time high of $481,000.

After the high, the inevitable countrywide median housing drop occurred, falling nearly 36% nationwide, dropping down to $308,125  this past February. According to the Times, this June was a jaw dropper, with 23 or 29 King County areas experiencing a year over year increase, with 13 of them in the double digits! While not as impressive as King County, Snohomish and Kitsap County also saw slight increases, and condo prices in King County went up nearly 5% as well. For more information on the price of homes in King County, visit Ewing & Clark Inc.

Washington Park Home: $6,950,000

This remarkable private estate in the Washington Park neighborhood was recently listed for $6,950,000, and is noted for it’s stunning Colonial design, and unobstructed views of Mt Rainier, the Cascades and Lake Washington.

This 5 bed, 4.25 bath on E Prospect St has an open floor plan with excellent natural sun filled rooms, great exposure to landscape views and massive floor to ceiling french doors and walls of glass in the entryway. It has a large outdoor pool, a chef’s kitchen and luxury master suite for the Mr. and Mrs. The 3 car garage is a key feature all on it’s own, with an impressive 900+sf of space, so if you’re in the market for a new place in Madison Park, contact Ewing & Clark for more information.

Status:	For Sale
Bed/Bath:	5/4.25
Price:	$6,950,000