South King Co Market Trends January 30, 2018

South King County Market Trends – Q4 2017

Price growth was particularly strong in 2017! Median was up 13% and average price up 12% over 2016. Median price in 2017 landed at $405,000 and the average at $440,000. The average amount of days it took to sell a house in 2017 was 30 days which is 9% faster than 2016. The average list-to-sale price ratio over the last year was 100%, with the spring months as high as 102%! In 2017, inventory growth continued to be a challenge, with a 7% decrease in new listings compared to 2016. Even with inventory limitations there were 2% more sales! This phenomenon illustrates strong buyer demand and a need for more listings.
South King County real estate has seen a steady stream of buyers come our way due to affordability, reasonable commute times and quality of life. In fact, the median price in 2017 was 75% higher in Seattle Metro. Historically low interest rates continue to drive the market as well, they have helped offset the increase in prices. Sellers are enjoying great returns due to this phenomenon and buyers are securing mortgages with minor debt service.

Eastside Quarterly Market Trends January 30, 2018

Eastside Quarterly Market Trends – Q4 2017

Price growth was particularly strong in 2017! Median was up 15% and average price up 16% over 2016. Median price in 2017 landed at $865,000 and the average at $1,049,000. The average amount of days it took to sell a house in 2017 was 24 days, which is 17% faster than 2016. The average list-to-sale price ratio over the last year was 101%, with the spring months as high as 103%! In 2017, inventory growth continued to be a challenge, with a 4% decrease in new listings compared to 2016. Even with inventory limitations there were a near equal amount of sales! This phenomenon illustrates strong buyer demand and a need for more listings.
Demand for Eastside real estate has grown due to close proximity to job centers, great schools and quality of life. Over the last year, the Eastside was 70% more expensive than south Snohomish County and 22% over Seattle Metro. Historically low interest rates continue to drive the market as well, they have helped offset the increase in prices. Sellers are enjoying great returns due to this phenomenon and buyers are securing mortgages with minor debt service.

Seattle Metro Quarterly Market Trends January 30, 2018

Seattle Metro Quarterly Market Trends – Q4 2017

Price growth was particularly strong in 2017! Median was up 15% and average price up 14% over 2016. Median price in 2017 landed at $710,000 and the average at $801,000. The average amount of days it took to sell a house in 2017 was 18 days, which is 10% faster than 2016. The average list-to-sale price ratio over the last year was 103%, with the spring months as high as 106%! In 2017, inventory growth continued to be a challenge, with a 3% decrease in new listings compared to 2016. Even with inventory limitations there were 4% more sales! This phenomenon illustrates strong buyer demand and a need for more listings.
Demand for Seattle Metro area real estate has grown due to close proximity to job centers. Over the last year, Seattle Metro was 40% more expensive than south Snohomish County and 75% over south King County. Historically low interest rates continue to drive the market as well, they have helped offset the increase in prices. Sellers are enjoying great returns due to this phenomenon and buyers are securing mortgages with minor debt service.

North King Co Quarterly Market Trends January 30, 2018

North King County Quarterly Market Trends

Price growth was particularly strong in 2017! Median and average prices were up 14% over 2016. Median price in 2017 landed at $715,000 and the average at $787,000. The average amount of days it took to sell a house in 2017 was 17 days, which is 19% faster than 2016. The average list-to-sale price ratio over the last year was 104%, with the spring months as high as 107%! In 2017, inventory growth continued to be a challenge, with a 4% decrease in new listings compared to 2016. Even with inventory limitations there were a near equal amount sales! This phenomenon illustrates strong buyer demand and a need for more listings.
Demand for north King County real estate has grown due to close proximity to job centers while maintaining a neighborhood feel. Over the last year, north King County was 41% more expensive than south Snohomish County and 77% over south King County. Historically low interest rates continue to drive the market as well, they have helped offset the increase in prices. Sellers are enjoying great returns due to this phenomenon and buyers are securing mortgages with minor debt service.

South Snohomish Co Quarterly Market Trends January 30, 2018

South Snohomish County Quarterly Market Trends- Q4 2017

Price growth was particularly strong in 2017! Median was up 14% and average price up 12% over 2016. Median price in 2017 landed at $508,000 and the average at $543,000. The average amount of days it took to sell a house in 2017 was 24 days, which is 17% faster than 2016. The average list-to-sale price ratio over the last year was 101%, with the spring months as high as 103%! In 2017, inventory growth continued to be a challenge, with a 1% decrease in new listings compared to 2016. Even with inventory limitations there were 4% more sales! This phenomenon illustrates strong buyer demand and a need for more listings.
South Snohomish County real estate has seen a steady stream of buyers come our way due to affordability, reasonable commute times to job centers and quality of life. In fact, the median price in 2017 was 41% higher in north King County. Historically low interest rates continue to drive the market as well, they have helped offset the increase in prices. Sellers are enjoying great returns due to this phenomenon and buyers are securing mortgages with minor debt service.

North Snohomish Co Quarterly Market Trends January 30, 2018

North Snohomish County Quarterly Market Trends- Q4 2017

Price growth was particularly strong in 2017! Median and average prices were up 13% over 2016. Median price in 2017 landed at $371,000 and the average at $400,000. The average amount of days it took to sell a house in 2017 was 35 days, which is 10% faster than 2016. The average list-to-sale price ratio over the last year was 99%, with the spring months as high as 101%! In 2017, inventory growth continued to be a challenge, with an 8% decrease in new listings compared to 2016. Even with inventory limitations there were 3% more sales! This phenomenon illustrates strong buyer demand and a need for more listings.
North Snohomish County real estate has seen a steady stream of buyers come our way due to affordability and quality of life. In fact, the median price in 2017 was 37% higher in south Snohomish County. Historically low interest rates continue to drive the market as well, they have helped offset the increase in prices. Sellers are enjoying great returns due to this phenomenon and buyers are securing mortgages with minor debt service.

Uncategorized December 12, 2017

4 Things You Need to Know About the Mountlake Terrace Transit Center

As a local hub of transit and convenience, Mountlake Terrace is a popular choice for those who want to live in a smaller city that’s still close to Seattle and the Eastside. The Mountlake Terrace Transit Center makes this all possible by connecting local, commuter, and regional busses with passengers.

“Mountlake Terrace has a great transit center!” confirms Shelly Katzer. “[Mountlake Terrace also offers] convenient access to the freeway, [and] commuting to work is easy.”

REALTOR® Brian Hayter agrees; “[The] transit center is used by tons of commuters on 6101 236th Street SW, [and] provides easy access to Seattle. Light Rail is eventually going to be coming to Mountlake Terrace,” Brian added.

If you’re moving to Mountlake Terrace or already live here and need some commuting tips, read on! Here are 5 things we think you need to know about the Mountlake Terrace Transit Center:

The Transit Center has the capacity for over 1,000 cars.

This include a 5-level parking garage with 900 spaces. Plus, there’s bike lockers and racks available as well! This means 1,000 fewer cars on the streets during rush hour. (Thank you, Transit Center!) Helping 40,000 passengers commute each day is an amazing feat, and as our region grows, the Transit Center will become an even more crucial part of our community.

Light Rail is coming to Mountlake Terrace in 2023!

This is a BIG deal for the community. Construction on the new light rail station and route is slated to begin in 2018, and expected to begin servicing the area in 2023. Take a look at this interactive map for a better understanding of the upcoming Link Light Rail expansion!

You can take a bus to Downtown Seattle, Everett, and beyond from the Transit Center.

For those who have to commute for work, the Transit Center is served by several commuter buses and express bus services. You can take a look at schedules and specific routes here.

DART (Dial-A-Ride-Transportation) offers those with disabilities transportation access.

Specially designed for those with health conditions and disabilities this service offers those who wouldn’t ordinarily have access to public transit the opportunity to get out and about in the community. Learn more about how to use this excellent service here.

Uncategorized December 11, 2017

Your Guide to the Town Center at Lake Forest Park

More than just a mall, the Town Center at Lake Forest Park is where the community comes together to share and indulge in all of the fun and convenience the area has to offer. From food to shopping and other services, this is your one-stop spot!

Here is your go-to guide to the Town Center at Lake Forest Park:

FOOD

If you’re looking to satisfy your hunger, the diverse food options at the Town Center will do the trick. Make a caffeine run to Starbucks and enjoy the scenery: “The neighborhood ducks are a fun attraction when they visit,” says Bernice Whitney. You can also stop by the Third Place Books food court and check out Claudette Meyer’s recommended spot, the Honey Bear Bakery: “[I often] meet a friend or client for lunch at the Honey Bear Bakery, which serves up wholesome, delicious sandwiches (my favorite is the BLTA) and delectable large slices of cake,” she shares. “Honey Bear is one of three restaurants in the comfortable Third Place Commons located within the book store,” so no matter what you’re craving, you are guaranteed to find something you love. For a complete list of the restaurants in the Town Center, click here.

SHOPPING

With the holidays around the corner, the Town Center is your go-to for finding that perfect gift. “Mud Bay in [the] Lake Forest [Park] Town Center has my attention these days,” Bernice shares. “It is a great place to bring your pet while shopping for that something special or that top of the line food product. The customer service is so helpful and friendly.” She adds that “[Town Center] Hardware is another really fun place. “They have pretty much something of everything.”

Claudette loves “stopping in at Third Place Books… where you can study, eat, read, play (there’s a small play area for toddlers), or just watch people come and go. A truly wonderful community gathering space!” A final shoutout goes to the Avid Angler, the premier shop for your fly fishing needs. Wherever your interests lie, you’re bound to find something that catches your attention!

SERVICES

The Town Center offers more than just food and shopping—there are also great services you can take advantage of. Pamper yourself with an appointment at A Better Day Salon, where you can get a haircut, facial, massage, and more. Plan your next vacation at the Expedia Cruise Ships Center, or bring your laundry to the Forest Park Cleaners. There are also medical and financial services available, so whatever you may need is at your fingertips!

For updates on sales, discounts, and events, check out the Town Center at Lake Forest Park Facebook page.


Uncategorized December 11, 2017

Lake Forest Park: A Guide to the Best Parks & Outdoor Activities

If you’re an outdoor lover, you’re bound to love the opportunities that await in Lake Forest Park! Located right along Lake Washington, “the hilly topography …translates into many homes enjoying [views of the] Cascade Mountains, or verdant territorial views, and some with Lake Washington views, too,” shares Claudette Meyer. From catching these stunning views to enjoying some local amenities, you’re sure to find something to suit your every mood, whether you want to go out for a day of adventure or simply relax with a pretty view.

Here is our guide to the best parks & outdoor activities in Lake Forest Park:


PARKS ALONG LAKE WASHINGTON

*NOTE: All parks are open from dawn-dusk daily.*

Grace Cole Nature Park

  • Located at 30th Ave. N.E. Lake Forest Park, WA 98155

For a peek at the wildlife that makes up Lake Forest Park, check out the Grace Cole Nature Park. A wetland teeming with native plants, birds, and amphibians, it is a crucial habitat and a valuable resource for nature lovers.


Pfingst Animal Acres Park

  • Located at 17435 Brookside Blvd. N.E. Lake Forest Park, WA 98155

Another great spot to catch nature in action is at the Pfingst Animal Acres Park. If you stop by the edge of the park, you’ll have a perfect view of the salmon as they swim through McAleer Creek. With unique amenities like a metal dogwood flower drinking fountain, this is the perfect place to relax and enjoy the outdoors.

 


Horizon View Park

  • Located at 19845-20099 47th Ave. N.E. Lake Forest Park, WA 98155

Affectionately nicknamed “Choo-Choo Park,” Horizon View Park is your all-purpose space. Enjoy a picnic, hike through the wooded areas, or join your kid for a ride on the play train.


Lyon Creek Waterfront Preserve

  • Located at 17337 Beach Dr. N.E. Poulsbo, WA 98370

For a moment of quiet contemplation, nothing beats looking out at the waters at the Lyon Creek Waterfront Preserve. Containing 100 feet of Lake Washington shoreline and 250 feet of Lyon Creek, it’s one of the most peaceful parks around.


Eagle Scout Park

  • Located at 3715 N.E. 180th St. Lake Forest Park, WA 98155

Owned by the Lake Forest Park Civic Club, Eagle Scout Park is perfect for those who are looking for a good workout. Take a break from running and stretch your muscles on their exercise bars while you let the little ones run wild on the play toy!


Blue Heron Park

  • Located at 17043 Brookside Blvd. N.E. Lake Forest Park, WA 98155

A hidden gem at a busy intersection, Blue Heron Park is filled with lush native landscaping and primitive pathways lined with lovely plants. Stop by to view the salmon and look out for herons; you may see them fishing for lunch!


Whispering Willow Park

  • Located at 17038 44th Ave. N.E. Lake Forest Park, WA 98155

Acquired in 2011, Whispering Willow Park is in the perfect location to help restore the water quality and habitat of Lyon Creek. Located right next to Lake Forest Park’s Town Center, this park is a diamond in the rough that cannot be missed.


BEACH CLUBS

Lake Forest Park Civic Club

  • Located at 17301 Beach Dr. N.E. Lake Forest Park, WA  98155

With gorgeous scenic views and events the whole family will love, the Lake Forest Civic Club is definitely worth checking out. “The Civic Club is well known with plenty of surrounding homes being deeded in,” says Casey Bui. If you’re interested in all the Civic Club has to offer, submit a membership application today.

Sheridan Beach Community Club

  • Located at 16500 Shore Dr. N.E. Lake Forest Park, WA 98155

With a swim team, water polo, and other aquatic programs, the Sheridan Beach Club is perfect for those who love the water and want to be more involved. “[The] lesser known…Sheridan Beach Club…provides excellent amenities, shore access, a pool and most importantly, a heightened sense of community,” says Casey. “If you’re looking for it all in LFP, the Beach Club is where you should start.”


THE BEST WAYS TO GET AROUND

Burke-Gilman Trail

When it comes to commuting through Lake Forest Park to surrounding communities, the preferred method of travel may not be what you’d expect. “Lake Forest Park residents predominantly rely on car & bus for their commutes to Seattle or the Eastside,” Claudette shares. “However, with convenient access to a 2-mile stretch of the Burke-Gilman Trail that passes through the city, there is a robust population of residents that commute into Seattle by bicycle, and particularly work centers such as the University of Washington & Children’s Hospital.”

If you’re looking to cut down on gas costs, help the planet, and enjoy some great views on your way to work, grab your bike and start pedaling!

McKinnon Creek Trail

If you’re in the mood for getting around on foot, the McKinnon Creek Trail is going to be the best spot to check out. A 0.5 mile forested trail located about half a mile northwest of City Hall, it’s perfect for everything from a short jog to a slow-and-steady hike.

For more tips on how you can enjoy the outdoors in Lake Forest Park, click here.


Uncategorized December 11, 2017

4 Tips for Meeting Your Neighbors & Connecting with the Community in Lake Forest Park

If you’re new to Lake Forest Park or are just looking to try something new, Lake Forest Park offers some wonderful ways to connect with others in the community. From the bustling Commons to private clubs, an opportunity waits around every corner!

Here are 4 tips for meeting your neighbors and connecting with the community in Lake Forest Park:


Third Place Commons

  • Located at 17171 Bothell Way N.E. Lake Forest Park, WA 98155
  • Hours: 7:00am-9:00pm Monday-Thursday; 7:00am-10:00pm Friday-Saturday; 7:00am-8:00pm Sunday

If you want to get involved but don’t know where to begin, check out the Third Place Commons. “Third Place Commons…[is] where you can study, eat, read, play (there’s a small play area for toddlers), or just watch people come and go,” shares Claudette Meyer. “[It’s] a truly wonderful community gathering space!”

Every Sunday (Mother’s Day-mid-October) from 10:00am-3:00pm, they host their Farmers Market, with local vendors selling some of the best food, flowers, and plants around. It’s the perfect way to get acquainted with the talent that makes this city thrive.

If you’re looking for more involvement, the LFP Garden Club meets in the Commons on the 2nd Tuesday of each month from September-May. With knowledgeable speakers from all walks of gardening life, this club is a great way to snag some tips while meeting your friends and neighbors.


Lake Forest Park Civic Club

  • Located at 17301 Beach Dr. N.E. Lake Forest Park, WA 98155

Providing a family-friendly environment for members and guests, the Lake Forest Park Civic Club is a private waterfront oasis where you can enjoy scenic views and connect with the community as you wish. “The Civic Club is well known with plenty of surrounding homes being deeded in,” says Casey Bui. If you want to experience this club for yourself, submit your membership application today.


Sheridan Beach Community Club

  • Located at 16500 Shore Dr. N.E. Lake Forest Park, WA 98155

For a little bit of everything, check out the Sheridan Beach Community Club. “ [The] lesser known…Sheridan Beach Club…provides excellent amenities, shore access, a pool and most importantly, a heightened sense of community,” Casey shares. With swimming lessons, a swim team, and so much more, “if you’re looking for it all in LFP, the Beach Club is where you should start.”


Recreation Partnership with the City of Shoreline

Offering extensive recreation options, the partnership between Lake Forest Park and the city of Shoreline gives Lake Forest Park residents discounted access to all-ages classes, workshops, camps, memberships, and enrichment programs. LFP residents receive an 8% discount on program fees and early registration before other non-Shoreline residents. You can get the whole family involved!

Other partnerships: Other partnerships with Lake Forest Park include: Shoreline-Lake Forest Park Arts Council, the Shoreline Lake Forest Park Senior Center, and Hang Time.