Bothell, WA

Relay for Life is a fund raising event for the American Cancer Society. Every May they conduct this event at Skyview JHS. This is a great event where many local kids form groups and try to raise as much money as they can. My kids have been participating in it the past couple of years and they just love it. They get to stay up all night long and socialize while they walk/run lap after lap around the trac. Of course, Sunday is a total waste because of it, but it is always worth it. The field is always filled with such positive and powerful energy. They celebrate survivors of cancer... and they will have a special time to remember their loved ones who lost their battles. There is live music during the daytime and a bunch of tents for those kids who need a rest for a few hours. This is a GREAT annual community event. If you have not been there yet and if you live in/near Bothell, please try to stop by. You will love the energy there. Everybody is so happy to be there and so happy to walk for the fund raising. The event is from 5/16 to 5/17. 24 hours, rain or shine.

http://main.acsevents.org/site/TR?JServSessionIdr010=2i9qj77dw1.app313a&sid=1030&type=fr_informational&pg=informational&fr_id=15247

I just received this GREAT news from the Talon Group yesterday.

From the press release: "The program authorizes the state treasurer to deposit $25 million in a financial institution, which would then open a line of credit for the Washington State Housing Finance Commission (HFC). The HFC would use that credit line to pay for down payment loans to first-time buyers. Buyers repay the advance loan after filing for and receiving the tax credit."

According to the news I received from the Talon Group, Washington Realtors sent out a press release about a program approved by the state Legislature that would create a loan for first-time homebuyers, so they could get the $8,000 tax credit - available for first-time homebuyers - sooner. The program approved by the Legislature would allow homebuyers to borrow that $8,000 from a state-sponsored program so they could put the money toward a down payment or closing costs. Isn't it GREAT?!!

I am very excited about the news and hope many of first time home buyers want to take advantage of it! I am sure this will help the market go up too! Are you a first time homebuyer? Do you have any questions? Feel free to contact me! I will be more than happy to assist you!

Hyde Park:

1. Very secluded, prestigious and gated community.
2. Nice sized lot, surrounded by greenbelt.
3. Beautiful John F. Buchan homes.
4. Easy access to Hwy 9/405 and all the amenities (including Mill Creek Town Center).
5. Only 28 homes in 38 acres.

MLS: 29041700

$809,950

4922 177th Pl SE Bothell, WA 98012

This is based on the price range of $700K~900K, single family, 3000~4000 sq.ft homes. If I check the median price, I think the demand ratio will be better. I have to say, my sellers have been very patient and understanding. We listed their property around Thanksgiving. We knew during the holiday season, it would be very slow. But in addition to the holiday season, we had the snow! The town was closed for 3 weeks around Christmas due to the snow!

Typically, when the ratio is 3:1, we can consider it is a sellers market. 5:1 is neutral... 7:1 is a buyers market. As you can see, it has been very strongly favored to buyers. There is no "sold" and only 2 "pending" since November at the price range. I hear that we finally hit the bottom and the market is picking up... but the listings that are moving are $300K~$500K range. Just like the other listing that I sold in March. It was at mid $300k range and it was sold within 5 days.

I shared this data with my sellers, so they could have a better understanding about the market. I think they were a bit shocked and discouraged but we can't change the market for them. We just have to be patient.

I posted some new homes in the 98021 area earlier. Now I am doing the same for the 98012 area. There are so many in the area, so I am just doing 'some of them' for now.

Camden Meadows: Regent Homes. 3 bedroom/1.5-2.5 bath, about 1,100~2,400 sq.ft. Upper $300K to low $400K range.

Springmere: 3 bedroom/2.5 bath, about 1,600~1,800 sq.ft. Low $300K range.

Laurelcrest: 3 bedroom/1.5-2.5 bath, about 1,100 to 3,200 sq.ft. Upper $200 to low $300K range.

Chessington: Murphy homes. 3-6 bedroom/2-2.75 bath, about 1,350 to 2,400 sq.ft. Low $300K to low $400K range.

Tambark Springs: 3-4 bedroom/2.5 bath, about 1,500~2,200 sq.ft. Low $300K to low $400K range.

Muriel's Landing: 3-4 bedroom/2-2.5 bath, about 1,700~2,400 sq. ft. Mid $300K to upper $300K range.

Woodcress: 3-4 bedroom/2-2.5 bath, about 2,100~2,800 sq. ft. Upper $300K to low $400K range.

Summit View: Calibre Homes. 3-4 bedroom/2.5 bath, about 2,350~3,000sq. ft. Upper $300K to low $400K range.

Muirfield: 3-5 bedroom/2.5-2.75 bath, about 2,050~2,800sq. ft. Upper $300K to Mid $400K range.

Brookside Estates: 4-5 bedroom/2.5 bath, about 2,100-3,100 sq.ft. Upper $300K to Mid $400K range.

Alverstone: 3-4 bedroom/2.5 bath, about 1,800 to 2,700 sq.ft. Upper $300K to mid $400K range.

Sunset Pointe: 3-4 bedroom/2.5-2.75 bath, about 1,550 to 2,250 sq.ft. Low $300K to low $400K range.

Ferncress: 3-4 bedroom/2.5 bath, about 2,350 to 2,800 sq.ft. Mid $400K low $500K range.

Fernwood Grove: Muphy Franklyn Homes. 4 bedroom/3.25-4 bath, about 3,350~4,000 sq.ft. Upper $600K range.

All these info 'might' not be accurate as far as the size/price etc. But should be close enough.

There are many more new homes. Some of them are 'pre-sale', so you might be able to choose cabinet, carpet, tiles etc! FUN! Questions? Please feel free to contact me!