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Rob Graham

Magnolia Homes for Sale Report

04-13-08
Rob Graham

 The following information was current as of April 13, 2008.

Single Family Homes Currently for Sale105
Under $500,00026
Over $1,000,00029
Lowest Priced Single Family House$369,950
Highest Priced Single Family House$6,950,000
Median Home Price$699,000
Average Days on Market112
Current Market TrendBallanced market
Condominiums Currently for Sale37
Under $500,00033
Over $1,000,0000
Lowest Priced Condominium$209,950
Highest Priced Condominium$699,200
Median Condo Price$299,950
Average Days on Market107
Current Market TrendStrong Buyer's Market

Mortgage Information
Avg. 30 Year Fixed5.50%
Avg. 15 Year Fixed5.13%
Avg. 3/1 ARM6.63%

Magnolia is following the trend of the rest of Seattle. Condos are easier for buyers to negotiate. The time on market may surprise some, but is very typical of what is going on in the rest of Seattle. With interest rates as low as they ae, now is a great time to make a move.

As a residential real estate specialist, my focus is on finding and selling first and second homes all over the Seattle area. If you are in the market for a home or looking to sell your existing home and need help, please don't hesitate to call, click or e-mail me. I'd love to help.

Green Lake Homes For Sale Update

04-13-08
Rob Graham

Green LakeFlowers at Green LakeSpring at Green Lake

The following information was current as of April 13th, 2008.

Single Family Homes Currently for Sale130
Under $500,00031
Over $1,000,0009
Lowest Priced Single Family House$290,000
Highest Priced Single Family House$1,575,000
Median Home Price$562,000
Average Days on Market91
Current Market TrendBallanced Market
Condominiums Currently for Sale30
Under $500,00027
Over $1,000,0000
Lowest Priced Condominium$229,000
Highest Priced Condominium$809,950
Median Condo Price$292,500
Average Days on Market103
Current Market TrendWeak Buyer's Market

Mortgage Information
Avg. 30 Year Fixed5.50%
Avg. 15 Year Fixed5.13%
Avg. 3/1 ARM5.68%

Green Lake continues to be one of the most saught after neighborhoods in Seattle. Its beauty and proximity continues to keep it a hotter area then other many other neighborhoods. Still, just like the rest of Seattle, buyers have more leverage then at almost any other time in recent years. The condominium market is actually in the buyer's favor. Interest rates are still low. Now may be the best time to jump in Green Lake!

As a residential real estate specialist, my focus is on finding and selling first and second homes all over the Seattle area. If you are in the market for a home or looking to sell your existing home and need help, please don't hesitate to call, click or e-mail me. I'd love to help.

Ballard Homes For Sale Update

04-13-08
Rob Graham

 The following information was current as of April 13th 2008. Included in the report are all homes listed as being in Ballard, Loyal Heights, Sunset Hill and Crown Hill.

Single Family Homes Currently for Sale143
Under $500,00014
Over $1,000,0006
Lowest Priced Single Family House$259,950
Highest Priced Single Family House$1,975,000
Median Home Price$479,950
Average Days on Market80
Current Market TrendBallanced Market
Condominiums Currently for Sale100
Under $500,00087
Over $1,000,0001
Lowest Priced Condominium$185,000
Highest Priced Condominium$1,200,000
Median Condo Price$340,970
Average Days on Market130
Current Market TrendStrong Buyer's Market

There is a marked difference between condominiums and single family homes in Ballard. Due in large part to the building lof many new condominiums, the amount of time it takes for a condominium to sell is much longer then that of a single family home. Single family homes show just about 3.7 months of inventory, while condominiums show over 9. In short, its a great time to buy condos in Ballard. Single family homes are also available but buyers have less leverage in that market.

As a residential real estate specialist, my focus is on finding and selling first and second homes all over the Seattle area. If you are in the market for a home or looking to sell your existing home and need help, please don't hesitate to call, click or e-mail me. I'd love to help.

Why Move to Seattle?

04-09-08
Rob Graham
Technorati Profile

 Here are my top ten reasons why Seattle is my favorite town.

10. Every neighborhood has its own personality. From hip and trendy Capital Hill, Freemont and Belltown, to quiet suburban Magnolia, Admiral and Wedgwood. No matter what your personality, you can find a neighborhood where you'll feel right at home. If you don't like the vibe where you are, walk a few blocks in any direction and you are in a whole different scene.

9. We have jobs. Starbucks, Microsoft, Boeing, UW, Amazon, Expedia and a thousand other companies are centered right here in the northwest. And why do so many companies want to come here....

8. Great education. Seattle is one of the most literate cities in America. From public to private, kindergarten to grad school, the area has some of the most diverse educational and vocational options anywhere.

7. Weather. Oh sure, you all think it rains here all the time. Not really. It rains about 5 months out of the year, that's true. But is isn't the soaking rain you are thinking of. It is the misty, calming, almost romantic drizzle you find in Scotland. That's why we are the Emerald City. Besides, summer in Seattle can't be beat. Warm and sunny but not too hot and very low humidity.

6. Lots to do. Sports, symphonies, zoo and aquarium, museums, shows, restaurants, shopping, you name it, we got it.

5. Espresso on every corner. It's true. We are addicted. Find a corner in Seattle where you can't hail a barista or hear someone ordering a quad-vente-no-foam- soy-caramel-macchiato-extra hot and I'll buy you lunch.

4. You can wear jeans anywhere. We have a phrase in Seattle, "Seattle Chic". It means you can wear almost anything anywhere. Want to break out the tux for the opera? Great. Want to go to the same opera in that great new pair of Levi's? Knock yourself out.

3. Small town feel. Despite its ever increasing size, Seattle still feels like a small town. Mostly due to the very neighborhood specific personality of the area. You are going to be on a first name basis with your barber, mailman and grocery store checker.

 2. Proximity to everything. Want to be in the desert, mountains, rainforest, fresh water, ocean, beach, or woods? We got you covered. We can even find you a beautifully restored alpine village if you want.

1. But the biggest reason why this is such a great place for me, it how beautiful it is. On a clear day you have views of Mt. Rainier (an actual live volcano), the Olympic and Cascade Mountains, the sound, lakes, not to mention a beautiful skyline.

All in all not a bad place to be.

Seattle Median Home Prices For The Last Four Years (Chart)

04-06-08
Rob Graham

With all the media would have us believe the sky is falling, I like to stick to the numbers. Real estate is a very region specific market, and not everywhere has fallen off the map. Seattle remains one of the hottest markets in the country. The chart bellow shows home prices over the past four years. Yes, prices have come down overall in the past few months, but still homeowners have seen a nice gain over this time period. Not to mention this has been one of the most difficult markets any of us have seen in quite a while. Interest rates remain low, so buyers now is the time to pounce. It is going to be a great spring and summer to buy in Seattle. Give me a call if you need help.