South King County Market Trends

by Aranka Fruehauf

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.

This is only a snapshot of the trends in south King County; please contact me if you would like further explanation of how the latest trends relate to you.

Eastside • Quarterly Market Trends • February 9, 2018

Eastside Quarterly Market Trends

by Aranka Fruehauf

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.

This is only a snapshot of the trends on the Eastside area; please contact me if you would like further explanation of how the latest trends relate to you.

Quarterly Market Trends • February 9, 2018

Seattle Metro Quarterly Market Trends

by Aranka Fruehauf

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.

This is only a snapshot of the trends in the Seattle Metro area; please contact me if you would like further explanation of how the latest trends relate to you.

North King County • Quarterly Market Trends • February 9, 2018

North King County Quarterly Market Trends

by Aranka Fruehauf

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.

This is only a snapshot of the trends in north King County; please contact me if you would like further explanation of how the latest trends relate to you.

Quarterly Market Trends • South Snohomish County • February 9, 2018

South Snohomish County Quarterly Market Trends

by Aranka Fruehauf

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.

This is only a snapshot of the trends in south Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

North Snohomish County • Quarterly Market Trends • February 9, 2018

North Snohomish County Quarterly Market Trends

by Aranka Fruehauf

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.

This is only a snapshot of the trends in north Snohomish County; please contact me if you would like further explanation of how the latest trends relate to you.

Kenmore • February 6, 2018

Essential Kenmore Commuting Tips: Seaplanes, Buses, Bikes, Cars, & More!

by Aranka Fruehauf

Nestled along the northern shores of Lake Washington and in between Bothell, Brier, and Lake Forest Park, the city of Kenmore is in a central location. Whether you need to head north to Everett or south toward Bellevue or Seattle, several commuting options await at your fingertips!

With the help of local Jen Richardson-Bowman, I’ve put together this handy guide to commuting from Kenmore. From the more unique options of seaplanes and biking to more traditional driving and transit options, Kenmore offers a little bit of everything to suit your style.

Commuting in Kenmore by Plane

Perhaps the most unique commuting option in Kenmore is to commute by seaplane via Lake Washington. “Kenmore Air is a great options for chartering or taking scheduled flights to the San Juans, Canada, and beyond!” shares Jen. Kenmore Air also provides private charters to other areas—need to hop over to Lake Union? It’s a possibility with Kenmore Air!

Commuting in Kenmore by Car

“522 is the main drag in Kenmore and it connects commuters to Eastside and Seattle,” says Jen, and Kenmore is located in between Highway 405 (to the east) and Interstate-5 (to the north). There’s also the Kenmore Park-and-Ride as well, a facility with 603 parking space, bicycle lockers, and several buses coming and going all day long.

Commuting in Kenmore by Bus

“Bus stops are plentiful here!” shares Jen. Served by both King County Metro and Sound Transit, you can hop on a bus heading almost anywhere from Kenmore. Whether you need to get to Shoreline or head into Downtown Seattle to work, the vast network of buses makes it all possible. Click here to find more information on specific routes!

Commuting in Kenmore by Bike

“The Burke-Gilman Trail runs between 522 and Lake Washington and makes a VERY scenic route to work for cyclists who have a final destination in Redmond or Seattle (and places in between),” shares Jen. With beautiful views of Lake Washington and a convenient route that begins in Kenmore, the Burke-Gilman Trail is the perfect way to squeeze your daily workout and commute into one and the same! Click here to see a map complete with road access points.

Commuting by Light Rail

With Light Rail expanding north from Seattle, Kenmore residents will be able to take advantage of commuting while being able to skip car traffic! The Light Rail has several new stops planned from University of Washington to Everett that you might be able to take advantage of if you live in Kenmore. Click here to check out the complete list of projects, light rail station locations, and timelines.

Kenmore • February 6, 2018

Coming Soon to Kenmore: What You Can Expect in Kenmore’s Near Future

by Aranka Fruehauf

While Kenmore already offers a long list of excellent city amenities and a variety of housing options, there is always something new happening in the neighborhood. I wanted to take a moment to highlight 3 things you might especially be interested if you’re thinking about moving to Kenmore, and I talked to a couple of locals who have the scoop!

New Construction Homes

Curious about buying a home in Kenmore, WA? According to Jen Richardson-Bowman, “New construction abounds in Kenmore! It’s Northshore School District, so get ready for a little sticker shock!”

In Kenmore, you can expect to find some truly gorgeous homes. There are some incredible new construction homes, but there are older more established homes in the mix as well. Click here to take a quick look at some of Kenmore’s current home listings!

Lakepointe Waterfront Development

According to Michele Tenhulzen Kimes, “The waterfront development Lakepointe will transform the city by turning nearly 50 acres of industrial use space into shopping, dining and residential units.”

Located right on the shores of Lake Washington the Lakepointe development is a mixed-use development that will include a variety of land uses, and has been designed to “integrate the usage among residents, shoppers, vehicles, pedestrians and cyclists.” The plan was actually started back in 1989, and the proposed development has gone through several years of a citizen task force working with the developer to create a successful space. Weidner and Associates plans to invest $1 billion in the project.

Downtown Kenmore

Downtown Kenmore has been undergoing some serious changes, and there are even more redevelopment projects underway in the near future! While the Kenmore Town Square is complete, a new Hangar community building is in the works, and upcoming developments also include a large restaurant, commercial space, healthcare facilities, and more. Click here for the full overview of what you can expect in this Kenmore destination!

Kenmore • February 6, 2018

Your Guide to Enjoying the Lake Washington Waterfront in Kenmore

by Aranka Fruehauf

Though the warm weather is still a ways away, that doesn’t mean you can’t start thinking about summertime adventures. I asked locals for some tips on enjoying the Lake Washington waterfront and they gave us their top insights.

Here is your guide to enjoying the Lake Washington waterfront in Kenmore (as recommended by locals):

Saint Edward State Park

Located at 14445 Juanita Dr. N.E. Kenmore, WA 98028

When it comes to enjoying the waterfront in Kenmore, Saint Edward State Park (“set on the eastern shore of Lake Washington,” according to Claudette Meyer) cannot be beat. “This is the highlight of Kenmore in terms of getting out into the woods and feeling like you’re miles from home, but you’re not,” shares Jen Bowman. “Miles of hiking and wooded biking trails are found at this stunning state park. There’s a pretty hike from the top of the hill all the way down to Lake Washington (don’t forget good shoes since it’s a little steep). A huge playground next to the old seminary is a highlight for families.” Claudette seconds Jen’s recommendation, adding that “although we don’t get there often enough, my family and I love to explore the low forest hiking trails in Saint Edward State Park…Our more adventurous friends regularly go mountain biking on the many miles of trails in the park, with their 5 and 3-year-old in tow—there’s terrain for every skill level.” For a breath of fresh air the whole family will love, check out Saint Edward State Park today.

Log Boom Park

Located at 17415 61st Ave. N.E. Kenmore, WA 98028

Whether you’re looking to cool off or explore the local waters, you can do that and so much more at Log Boom Park. “Log Boom Park, just off the north end of the Lake and right next to Burke Gilman Trail is an awesome place to take a dip in the lake off of a huge elevated dock,” says Jen. “Lots of places to launch kayaks or stand up paddleboards. Great views of Mount Rainier can be found here and fireworks on the Fourth of July. Also, it’s a great spot to watch Kenmore Air departures and arrivals.” For a day filled with fun and relaxation, Log Boom Park has you covered.

Kenmore Boat Launch

Located at 17150 68th Ave. N.E. Kenmore, WA 98028

For those looking to get out on the water, the Kenmore Boat Launch is a secret gem. “The Kenmore boat launch is a hidden access point to Lake Washington,” says Casey Bui. “While it lacks a dock, it’s one of the few public boat launches in the northern half of Lake Washington. Its 2 boat launches and about 30 parking spaces are popular in the summer.”

“Launch the boat in Lake Washington,” says Jen. “This is the only public boat launch at the north end of Lake Washington. Parking can be very tight, so best to get there early on sunny summer days. Also a good spot to launch the paddle board or kayak and head east towards downtown Bothell on the slough. Lots of bird watching and very calm waters along the slough.” So, if you’re quick enough when those sunny summer days roll around, you can take advantage of all that Lake Washington has to offer at the Kenmore Boat Launch.

Sammamish River

Finally, if you’re still looking for ways to enjoy Lake Washington’s waterfront, rent a kayak and take it along the slow-moving Sammamish River. “Sammamish River offers kayaking rentals, located at the mouth leading to the north end of Lake Washington,” says Michele Kimes. Perfect for both beginners and more experienced kayakers, this river is one of the best ways to take in all of the beauty that makes the Lake Washington area such a popular warm-weather destination.

Kenmore • February 6, 2018

4 Fun Family-Friendly Weekend Activities in Kenmore

by Aranka Fruehauf

If you live in Kenmore, I have your inside scoop on some of the best weekend activities in the area that everyone will love!

Here’s a look at 4 fun family-friendly weekend activities in Kenmore, as recommended by locals:

SAINT EDWARD STATE PARK

When it comes to family-friendly fun in Kenmore, one of the first things that comes to mind for both Jen Bowman and Claudette Meyer is the fabulous Saint Edward State Park.

“Although we don’t get there often enough, my family and I love to explore the low forest hiking trails in Saint Edward State Park, set on the eastern shore of Lake Washington,” Claudette says. “Our more adventurous friends regularly go mountain biking on the many miles of trails in the park, with their 5 and 3-year-old in tow—there’s terrain for every skill level.” Jen simply says that there is “too much good stuff to share about Saint Edward State Park,” proving that this spot is an absolute must for any outdoorsy group.

BREWING & BIKING

What better way to spend a weekend with the gang than with a bike ride and some grub? “192 Brewing Co.and Cairn Brewing are right along the Burke-Gilman Trail and family-friendly,” shares Jen. “Very cool outdoor spaces at 192 Brewing and Cairn Brewing has a very ‘Fremont’ vibe without having to head into Seattle!” Michele Kimes adds that 192 Brewing has “great outdoor seating in the summer and a wood stove inside for the winter. Great food and beer. Board games, pool table, kids are welcome and so is your pooch! Right on the Burke-Gilman trail…Cairn Brewery and Nine Yards are great places too, but 192 is the best.”

“I’m also a big fan of 192 Brewing,” says Brian Hayter. “Take a bike ride on the Burke-Gilman and stop in on Sunday afternoons for live music in the outdoor beer garden!” If you’re looking to relax after a day along the trail, these are your go-to spots.

BOWLING

A popular pastime for families everywhere, Claudette suggests spending a weekend with some bowling at Kenmore Lanes. “It’s one of only a few bowling alleys still remaining in all of north King County,” she shares. With good food and cheap prices, it’s an affordable way to get everyone out of the house and having fun (with a little healthy competition thrown in!).

OUT & ABOUT TOWN (SHOPPING & RESTAURANTS)

For a simple weekend of shopping and food, don’t miss out on these top picks by Jen and Claudette. “I was introduced to Acapulco Fresh Mexican Grill by friends that lived just up the hill from this unassuming strip mall restaurant,” Claudette shares. “It is their regular go-to for take-out. The meals are fast, fresh, and authentic. Everyone raves about the salsa bar.” If you just need a quick pick-me-up, try Jen’s favorite, Espresso Works. “…Love Espresso Works for quick, independently owned drive-thru, family-friendly coffee along Bothell Way,” she says. “Daily drink specials and espresso bean on top of your cup! Love this coffee stand!”

If you’re looking for a gift, check out Ostroms Drug and Gift. “Ostroms Drug and Gift off Bothell Way has a really awesome gift shop…the perfect little gift is here,” says Jen. Whatever occasion you may need a present for, you are sure to find something fun, eclectic, and fitting. Finally, need something for a child, but don’t want to settle on something from a chain store? Then stop by Snapdoodle Toys. “Snapdoodle Toys is an independent, family-owned, specialty toy store located in the historic Schnitzelbank building along Bothell Way,” Claudette says. “We stop in for the specialty and innovative toys that one can’t find in chain stores.” Show you really care and support your community with a visit to these local spots today.