David Sundquist

Seattle real estate prices actually rose in February, 2012. There is a backlog of buyers looking for homes near the job centers. In spite of that good news, location is everything, as some Seattle metro areas are experiencing a glut of foreclosures hitting the market and falling prices. Here is a link to the article from the Seattle Post Intelligencer of March 5, 2012.

http://www.seattlepi.com/realestate/article/House-prices-rose-in-Seattle-in-February-3383314.php

That being said, not all Seattle metro neighborhoods are appreciating. Some areas are actually experiencing a nasty correction. Today, location is EVERYTHING. To compare neighborhood listing vs. selling prices, go to my website, www.seattlemetrohomesforsale.com and check out the market insider section of the site. The market insider gives the current data of how sales are doing (rising or falling) in communities and neighborhoods. If you register, you will not be spammed and you can opt-out at any time.

SEATTLE METRO REAL ESTATE CAN BE SOME OF YOUR BEST INVESTMENT OPPORTUNITIES.......IF YOU HAVE A BROKER THAT CAN PICK THE BEST BUYS.
_______________________________________________________________________

I noticed this morning an interview with famed investor, Marc Faber, and in the interview he said that real estate in the southern United States was currently one of the best investment opportunities. Here is the link to the interview: http://www.cnbc.com/id/46425342

After reading those comments from Marc Faber, it made me think of a conversations I have recently had with friends and other real estate brokers in the Seattle metro area--some of who have been selling real estate in this area for over 30 years. We all agree that there are better buys today for the sharp broker and the discerning buyer, investor, than there have been in 25 years.

Here is an example of a great investment opportunity. A broker I work with, recently sold pending a parcel of 5 recently finished independent town homes, each of which are over 2200 sq. ft., and are each town home has 4 bedroom, 4 baths, and a 2 car garage. The whole parcel which is comprised of newly finished town homes, was bank owned and the investor was able to buy a package deal for the whole 5 town home parcel. Although the investor will have to spend some money finishing the final steps of the mitigation of the project, he can then rent all 5 townhomes for a few years and then sell all the units independently for a very, very nice profit---of more than $500,000 if the price of the town homes (they're nice) return to prices of more than $300,000 each in the within the next 5 years .

There are also one story homes that are selling for prices not seen since the year 2000. In my opinion one story homes are going to become valuable as we have a growing baby boom population and builders have just not built one story homes in the Seattle area for the last 25 years. There is going to be a shortage of these one story homes and demand is going to rise as many people are going to need homes with the master bedroom on the main floor.

There are many excellent bank owned properties coming on the market every day (there are also a few dogs). If you would like to get the list of the best foreclosure buys in Seattle metro real estate then enter your information in the search widget located on the right side of this page. Your information is not shared and you will not be spammed. You can also opt-out at any time. What you will receive is all the best real estate listings in any Seattle metro area community. Plus there is volumes of community information.

Being a University of Washington alum, I am very psyched about the renovation of Husky stadium. In case you haven’t been following the progress, this is what the stadium looks like without the south side stands, which have been removed and a video of a flyover of Husky stadium once the renovation is complete. Not too shabby.
http://seattle.sbnation.com/washington-huskies/2011/12/21/2651349/washington-husky-stadium-renovation-video-roof-demolition

Here is a great article that appeared in the Seattle Times last November about the stadium renovation.
http://seattletimes.nwsource.com/html/localnews/2016706901_huskystadium07m.html

And for my Washington State Cougar friends---I do see you have a new coach and your football program is moving up. I personally think it would be great if a past alum (say Paul Allen) would donate a large amount of cash to upgrade the Cougar athletic program. It is a lot more fun when respective colleges can compete on an equal level, and any given team could win on any given weekend.

That being said, I remember the first time I drove to Pullman years ago to visit WSU. After driving through town a couple of times, I pulled up to the gas station and asked them how to get to Pullman? He replied, “you’re in Pullman”. I thought, “really”

Here are some pictures of the downtown Edmonds, Washington fishing pier and marina. If you would like to have the best real estate buys e-mailed to you as soon as they come on the market, then contact David Sundquist, or visit his website www.davidsundquist.com

Here is the view of the beautiful downtown Edmonds, WA waterfront.