Seattle Real Estate: What Are People Looking For?

Seattle real estate seller  and curious about how hot your market is?Web01

I always like to start with the internet search data to see what it is people are looking for compared to other segments of the market. For instance, Seattle floating homes  and Seattle waterfront homes are a particularly hot market, but when you look at it overall compared to other segments of the Seattle real estate market, you get an idea of how truly hot Seattle’s market is.  Here is a comparison of searches  over the last 90 days using just a few keywords or key phrases so you can get an idea of how often people are searching for certain types of Seattle properties….

If you want to see what is for sale in these categories, you can look at Seattle properties for sale here:

Seattle homes for sale | Seattle condos for sale | Seattle Houseboats

Call/Text Molly or me if you would like to learn more or drill down to some additional numbers. We are happy to help 206-841-6800 or homes@cooperjacobs.com

Seattle Luxury Market $5M + This Year Vs. Last Interesting Points

Seattle Luxury Market $5M + This Year Vs. Last:   Should we be concerned?

Looking at the Seattle luxury homes market for only single family residential properties that are listed for $5,000,000 or more, there has only been one sale that has closed this year!  In Laurelhurst,  a Seattle waterfront home located at 4911 NE Laurelcrest Lane was listed for $9,998,000 and sold for only $8,850,000 in March of this year. At face value this stat alone would likely be cause for concern for property owners contemplating selling their higher caliber Seattle homes.

Since the Seattle real estate market overall is on absolute fire, you have to dig deeper to see what is going on. This property closed in March. One sale in Seattle for over $5 million dollars this year so far.  How does that compare to last year? There were seven single family residences that sold for over $5,000,000 in the city of Seattle all of last year. All seven of these Seattle luxury homes – over $45 million in sales –  closed between 5/31/2016 and 7/14/2016.  You can see details of the sold Seattle luxury homes of 2016 here: seattle luxury homes 2016 .  It is interesting to look at the individual stats for them.  The average days on market for all seven in 2016 was 142 days with a range of 13 days to 368 days. The average sales price to list price ratio is 97.43% with a range of 89.57% to 122.11%. Only one Laurelhurst waterfront home in the list of sales went for over the list price of $4,750,000 with a final closing price of $5,800,000 in only 13 days. Another on the list across the water from Laurelhurst – one of the Broadmoor homes for sale sold for full ask in just 16 days.

Fast forward back to 2017 and where we are now.  There are 14 actives in the MLS for single family residential homes asking over $5,000,000. They range in price from $5,395,000 to $15,000,000 with a median price of $7,725,000.  The cumulative average days on market is 248 wth a range of 6 days to 709 days.  Six of these homes will need to sell between now and July 14th to catch us up to 2016 numbers. On the list, there are only two of these Seattle luxury homes that have reduced their price.  Oddly enough they are both in Queen Anne. One has dropped significantly from $7,500,000 to $5,395,000.  It has been on the market for 709 days.  The other is also a Queen Anne home for sale which has dropped their price form $7,500,000 to $6,895,000 and has been on the market for 216 days.

Back to my question – Should we be concerned with regards to the 2017 Seattle luxury home market?

My answer:  not yet.   We need to keep an eye on this.  If we catch up tot 2016 numbers and then sell our all 14 of the current listings then we are going to be pulling down much bigger numbers for 2017 and this should be encouraging for those thinking about selling. This should be the trigger if you are on the fence about selling. The buyer pool once you cross the $5 Million dollar threshold is much smaller so if our market has grown to be able to support 14 sales in one year to high net worth individuals for over $5,000,000 then this is cause to be recognized as a major achievement in the market.

Need help selling your home?

If you are thinking about buying or selling a Seattle area home, please let us know how we can be at your service.  Our team of brokers is reliable and honest and we work hard for you.  Our goal is to meet and exceed your goals.  homes@cooperjacobs.com call/text 206-850-8841

Magnolia Flip Opportunity: Earn Sweat Equity Now

Magnolia homes for saleLawtonwood Homes – Ever heard of this Discovery Park neighborhood in Seattle’s Magnolia area? (SOLD)

Magnolia is a fabulous Seattle neighborhood and there are many reasons why.  Magnolia draws residents in with incredible attractions such as endless beauty, salty sea air, and of course, Discovery Park.Many people don’t know about a neighborhood in Magnolia which is pretty much surrounded by Discovery Park:   Lawton Wood. Molly and I recently listed an estate in Lawtonwood which has a lot of upwards potential and would be a great opportunity for an investor or someone looking at ways to earn sweat equity in a neighborhood with a lot of bang for buck.

Links for you to learn more about other Lawtonwood homes for sale in Magnolia:

Magnolia Homes For Sale

Fantastic opportunity awaits! 16,220 sq ft of property in coveted Lawton Wood. Tucked away in a magical Magnolia neighborhood, this home is perfect for someone with vision to make it their own. Set back from the street, this stately circular driveway leads you to a world of possibilities. Wonderful exposed beamed ceiling in the living room accompanied by a wood burning fireplace. 3 beds/two bath, fenced yard. Additional garage/shop or turn it into a cozy cottage. A great find indeed! $998,000

Call/Text Molly Cartwright 206-841-6800 We are Magnolia Realtors and we look forward to helping you. 

Wedgwood Homes For Sale: 3100 Sq Ft $650k Just Listed!

Just listed in Wedgwood! Creek Side Living in NE Seattle!Wedgwood homes for sale

ne seattle homesLooking at NE Seattle homes for sale?  Then you won’t want to miss this gorgeous nature lover’s home that we just put on the market this morning!

Incredible creek side in city oasis offers extensive grounds & beautiful natural settings – peaceful living while still being conveniently surrounded by all of the amenities of sought after Wedgwood! Open design main floor is an entertainer’s dream w/ beautiful slab granite island & sleek cherry cabinets + all appliances stay. Luxurious Master Suite you won’t want to leave, 3 additional bedrooms, loads of storage/extra spaces that will delight & surprise you + THREE car off street parking!  $650,000  (SOLD for well over list with multiple offers)

More info:

Find all Wedgwood MLS listings from all Wedgwood Realtors here:

Wedgwood Homes For Sale

Find all NE Seattle property listings from all NE Seattle Realtors:

 Northeast Seattle Homes For Sale

Features

Bath Off Master, Double Pane Storm Windows, Dining Room, High Tech Cabling

Schools:

Wedgwood Elm, Eckstein Middle, Nathan Hale High School

Additional Informationwedgwood homes for sale

  • Property DescriptionCable TV, Deck, Partially Fenced, High Speed Internet
  • Taxes$6,176
  • WaterfrontCreek
  • ViewTerritorial
  • Lot Size0.21 Acre (9,152 SqFt)
  • ExteriorWood
  • Heating/CoolingForced Air, Radiant
  • RoofComposition Roof
  • FlooringCeramic Tile Floor, Hardwood Floor, Wall to Wall Carpet

Seattle Floating Homes: The Shelby Dock Located at 1213 E Shelby St

Welcome to The Shelby Dock In Seattle’s Portage Bay!The Shelby Dock

1213 E Shelby St,

Seattle, WA 98102

The Shelby Dock is well appointed at the end of Shelby Street on the North side of Capitol Hill in Portage Bay. There are nineteen Seattle floating homes on The Shelby Dock and it is a great place to live if you would like to belong to a wonderful community with a well run co-op and friendly neighbors.

Some of the cool features about the Shelby Dock in Portage Bay:

Beautiful waterfront private garden at the head of the dock

Handy dock carts

Three parking spots for loading and unloading

Prime Capitol Hill waterfront property

Easy access to both Lake Washington and Lake Union

Moorage for your companion boat is available on the dock – at your home or in one of the dock community moorage slips

Thoughtful, but not overly restrictive rules regarding remodeling, etc. so that the entire dock can enjoy the ongoing charm of the dock

Storage on land building for each home, plus gardening tools

Recent Seattle Floating Homes Sales On The Shelby Dock:1213 e shelby st

#6 –  1 BR/1 Bath 777 sq feet $700,000 – outer slip  July 2016

#12 – 1 BR/1 Bth 840 sq ft $725,000  – outer slip  June 2016

#7 – 1 BR/1Bth  $675,000 – inside slip  July 2016

 What’s for sale now on this charming Portage Bay floating home dock?

1213 E Shelby St #2  $925,000   1215 Sq FT  2 BR/2 Bth (SOLD)

1213 E Shelby St #13  $945,000 1250 Sq Ft 2 BR/1.75 Bth m(SOLD)

Please let us know if you would like to learn more about The Shelby Dock or if you would like to see available Seattle floating homes for sale on the dock.  Molly and I are happy to show you!  206-841-6800 / 206-850-8841  houseboats@cooperjacobs.com

Commercial Real Estate Focus: Improving Tenant Satisfaction

Tenant Satisfaction Is Key To Asset Performance

Making sure that tenant satisfaction is on the higher end of the scale is one way to improve the bottom line of your asset.

Turnover in commercial real estate costs money and ultimately has longer term effects on your asset’s return depending on length of vacancy and other factors.  The overall costs of procuring a new tenant can balloon in comparison to keeping an existing one happy so commercial real estate tenant satisfaction should be at the top of any building owner’s list of priorities.  Make sure you have a commercial real estate broker who also shares this philosophy and pay them handsomely for a job well done. It’s worth it.

Don’t believe it?  The numbers can be stunning. The lost rental income alone can be devastating on a building’s CAP rate, but then add in other less obvious costs of getting a new tenant in such as leasing commissions, tenant improvements (TIs), constructions time of improvements, and even tenant attracting perks like free rent.

Be Actively Involved in Commercial Real Estate Tenant Satisfaction

Instead of being passive and losing a tenant who is dissatisfied – or even not satisfied enough, have your commercial real estate broker actively combat vacancies.  They should be able to look at all contributing tenant satisfaction factors plus be able to  “crunch the numbers” to come up with a creative tenant retention program that can truly add to your bottom line.  The commission involved in hiring the right commercial broker is irrelevant if it can save you half a million to a million dollars in losses or add to your bottom line potential.

Some of the considerations your broker should have a grasp on regarding commercial real estate tenant satisfaction:

  • A good working knowledge of how to set realistic tenant expectations by first finding out what their perceived value of the property is – what are their prioritized needs?
  • Creating an image or package of value and increasing the value proposition for future and current tenants through an active campaign
  • Top notch management and maintenance services should be hired by your broker – crucial
  • Keeping tabs on future company plans for each tenant which may affect long term tenancy.
  • Making sure that tenants are recommending the building to outside prospects.

About Our Commercial Division: Cooper Jacobs Real Estate Group has a thriving commercial division.  With offices in Portland and Seattle as well as Commercial Associates in California, Idaho, New York, Maryland, Pennsylvania, Hawaii, Alaska, New Jersey, Florida, Texas, Colorado, Arizona, Nevada, Connecticut, Massachusetts, New Hampshire, Virginia, Delaware, and Minnesota, we offer full service for all your commercial real estate needs including creative marketing and listing services.

Seattle Commercial For Sale | Portland Commercial For Sale

commercial@cooperjacobs.com

Seattle Floating Homes For Sale – Houseboats Holiday?

Seattle Houseboats For The Holidays – Flo Villa Floating Home

Seattle houseboats for sale

If you are interested in living on one of our city’s gorgeous Seattle houseboats then there are only two choices available in the Seattle floating homes real estate market.

There are two Eastlake floating homes for sale currently in the MLS.  One is on the Flo Villa dock and the other is on Wards Cove.

These Lake Union floating homes for sale range in price from $775,000 to $3,295,000 and are quintessential examples of Seattle Houseboats Living℠ and waterfront living in Seattle overall for that matter. What better way to live closer to the water than Afloat In Seattle™ anyway? Let’s look at one of our current favorite Seattle floating homes on the lake.  This gorgeous remodeled Lake Union floating home resides on the Flo Villa dock at 2207 Fairview Ave E in Seattle’s Eastlake neighborhood.  Moorage is secured and with dock approval you may be able to add a recreational boat as well. This gorgeous home was recently listed at $775,000.

2207 Fairview Ave E #11 From the MLS listing description:

The iconic lifestyle you have only dreamed about! Located in Eastlake’s enclave of floating homes, this mid-dock light and bright Lake Union beauty is completely remodeled with an open floor plan featuring 1 BR + flex space, vaulted ceilings, bamboo fl, & new kitchen! Enjoy cozy extras like heated bathroom floor, new electrical, plumbing, windows & insulation. Enhanced further only by the timeless willow tree that also resides here, this home has a great relationship w/ the lake.

  • 1 Bedroom (there is room to add a second bedroom if desired)
  • 1 BathSeattle Houseboats
  • 832 sq feet
  • Built in 1918 but completely remodeled
  • Annual taxes $1,042
  • Bamboo floors
  • radiant heated floors in bath
  • new kitchen
  • newer windows, roof, etc.
  • lots of energy efficient choices went into the upgrade of this one
  • new electrical and plumbing
  • vaulted ceilings
  • open floor plan
  • well organized dock
  • securely owned moorage

We are Seattle Houseboats Realtors and Your Seattle Floating Homes Experts:

We would love to show you this beautiful and thoughtful floating home.  Would you like to see this floating home or are you curious about learning more about Seattle houseboats on Lake Union or Seattle Waterfront Living℠? We would be happy to tell you all about it and show you some of our favorite spots around the lake, including this gem on the Flo Villa dock.

Molly Cartwright | 206.841.6800  | molly@cooperjacobs.com

Courtney Cooper | 206.850.8841 | cc@cooperjacobs.com

©Cooper Jacobs Real Estate

Queen Anne Condo On Olympic Place 98109

Queen Anne CondosQueen Anne Condos:

Just closed in escrow yesterday!

500 W Olympic Place

Seattle, WA 98109

Seattle Realtor Molly Cartwright did a fabulous job representing the seller of this Queen Anne Condo.  We received more than one offer and the property did sell for 101.97% over  list.  This is a good rate for a condo in that price range.  Please let us know if you have a Queen Anne condo for sale.  We have other buyers interested and Seattle real estate inventory is extremely low.

Queen Anne condos sell quickly so if you are a buyer looking for a home and want to learn more information about buying a condo, please let us know – we are happy to help and have been quite successful in representing our buyers in multiple offers.  We can help you with Queen Anne condos or other Seattle condos and have a great grasp on the current market and what it takes to buy a home in this environment.  We also have fun finding the cool view condos if that is what you are interested in.  The Space Needle views from Queen Anne never grow old and it is an amazing city to live in. Queen Anne is rich with history, but also extremely “with it” when it comes to what people want in their community. It’s an exciting place and we look forward to sharing our favorite Queen Anne spots with you.

Here is how you can reach us:

Molly Cartwright 206-841-6800 (call/text)

Courtney Cooper 206-850-8841 (call/text)

You can also email us at QA@CooperJacobs.com  We look forward to hearing from you.

Laurelhurst & Windermere Real Estate Market Updates

Laurelhurst & Windermere Real Estate

Market Update 2015

NE Seattle packs a punch in the real estate market – Here is the latest on two of Seattle’s favorite Northeast neighborhoods – Laurelhurst & Windermere

Let’s look at Seattle’s Laurelhurst neighborhood first:

Active Laurelhurst properties for sale: There are 14 ranging in price from $479,000 to $13,250,000.  In addition, there are a few Laurelhurst homes for rent if purchasing i

sn’t quite in your plans yet.

Laurelhurst Homes for sale with offers in on them:

  • 1 Contingent home listed for $1,195,000
  • 8 Pending in escrow ranging from $849,000 to $3,390,000
  • 1 Sale in the last 30 days that has closed in escrow at $825,000

In the last 30 days there has been one sale in the MLS: 4188 42nd Ave NE.  It was listed for $825,000 and sold for full ask on 9/14/2015 after 10 days on the market. Here are the details of the above: Laurelhurst Real Estate Market Details 10 2015

OK, How About Windermere Real Estate Down The Road?

Windermere real estateHere’s what is happening in Seattle’s Windermere neighborhood. There are 6 Windermere homes for sale and 2 Windermere homes for rent in the MLS currently.  The Windermere properties on the market range from $508,000 to $6,995,000.

Windermere homes for sale with offers on them:

2 Pending Windermere homes in the MLS, but it is actually one extensive Seattle waterfront property being offered for sale in a few different ways. So let’s look at the Windermere real estate which has sold in escrow through the MLS:

6669 NE Windermere Rd was on the market for 13 days.  It was listed at $2,988,666 and sold for $3,000,000 on 10/5/2015.

6445 NE Windermere Rd was listed for $5,350,000 and sold for $4,325,000 after 0 days on the market. OK? 80.84% of list price without really testing the market much.  Wasn’t our listing for sure, but ok. Dollar per square foot numbers still look good. This home also closed on 10/5/2015.

Please let us know if you are interested in buying or selling in Windermere or Laurelhurst.  We have brokers in the office that specialize in Area 710 of Seattle – NE Seattle, and we look forward to helping you meet your goals: NESeattle@CooperJacobs.comHere are the details of the above Windermere real estate information: Windermere real estate sold homes Windermere Real Estat eMarket Update 2015

4209 Fremont Ave N Just Listed If You Would Like To Live In The Center Of The Universe…

The Center Of The Universe Just listed!  4209 Fremont Ave N

4209 Palatine Ave N

Are you looking for a home in The Center Of The Universe? Fremont homes for sale are in high demand and this is a fabulous place!!!  $650,000  (SOLD with multiple offers)

From the listing for this Fremont home for sale in the MLS:

fremont homes for saleMarketing Remarks

Perched high above the street w/ an expansive sunny lot, just move in and be right at home in this updated and thoroughly remodeled Fremont Craftsman. Currently configured as a spacious two bedroom with a bonus room and deluxe living room, there is ample space to expand back to the original 4 bedrooms if desired. Open and updated floor plan and grounds are like no other w/ incredible outdoor spaces, a REAL oversized garage, extra parking, patios, gardens, more!

Features

Double Pane Storm Windows, Dining Room

Additional Informationfremont homes for sale

  • Property DescriptionCable TV, Deck, Partially Fenced, High Speed Internet, Outbuildings, Patio, RV Parking
  • Taxes$5,472
  • ViewTerritorial
  • Lot Size0.15 Acre (6,600 SqFt)
  • Garage Size1 Car
  • ExteriorWood
  • Heating/CoolingForced Air
  • RoofComposition Roof
  • Flooring Ceramic Tile Floor, Hardwood Floor, Wall to Wall Carpet

Features

Double Pane Storm Windows, Dining Room

seattle realtorsContact for more info:

Molly Cartwright  206-841-6800  molly@cooperjacobs.com

Listed by Courtney Cooper and Molly Cartwright, Cooper Jacobs Real Estate – Fremont Realtors