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Details: Seven Sold Waterfront Seattle Homes, June 2011

Sam DeBord -  Seattle Real Estate Broker: Real Estate Agent in Seattle, WA

Some significant waterfront homes were sold in Seattle this past month, with a handful garnering some of the top prices for 2011 thusfar.

The less-expensive homes were sold on Fairview in Eastlake (a floating home), on Riviera in Cedar Park and Matthews Beach, and on Rainier Ave in the Lakeridge/Bryn Mawr area. Leschi had a much stronger-than-usual showing with two multi-million dollar sales on Lakeside, and Denny-Blaine rounded out the sales with one of its stately residences coming in at $3.65 million.

Address City Price Beds Baths Sq Ft
2025 Fairview Ave E #M Seattle $475,000 1 1 625
13190 Riviera Place NE Seattle $780,000 6 2.75 4,270
10652 Riviera Place NE Seattle $870,000 3 1.75 2,000
10884 Rainier Ave S Seattle $945,000 4 1.75 2,524
926 Lakeside Ave S Seattle $2,380,000 3 3 2,980
1104 Lakeside Ave S Seattle $3,485,000 4 4 4,245
218 40th Ave E Seattle $3,650,000 7 4.25 7,990

South Seattle Waterfront Homes: South Seattle Waterfront Real Estate Sales, YTD 2011

Sam DeBord -  Seattle Real Estate Broker: Real Estate Agent in Seattle, WA

Four South Seattle waterfront homes have been sold so far in 2011. Three of the homes are along Lake Washington waterfront on Rainier Ave S, while the fourth home was in Seward Park.

South Seattle Waterfront Home Sales, YTD 2011

Address City Price Beds Baths Sq Ft
10884 Rainier Ave S Seattle $945,000 4 1.75 2,524
9936 Rainier Ave S Seattle $600,000 3 1.75 2,160
9654 Rainier Ave S Seattle $825,000 3 3 2,620
7936 Seward Park Ave S #A Seattle $900,000 4 2.75 2,680

Kiplinger Rates Seattle As A Comeback City For 2011

Sam DeBord -  Seattle Real Estate Broker: Real Estate Agent in Seattle, WA

Kiplinger's latest report on cities headed towards and economic comeback lists the Seattle metro as a likely candidate for some good news in 2011. Seattle's job market outlook and diverse labor market continue to provide a path towards a faster recovery than many other cities.

Population: 3,306,836

Unemployment rate today: 9.1%

Forecast job growth for 2011: 2.1%

Clean technology, health care, hospitality and information technology will lift employment in the Seattle area by more than 2%, following a recession hit of nearly 8%.

Boeing is adding to its workforce each month and electric utility Seattle City Light's energy efficiency program, aimed at businesses and homes throughout the city, will create about 1,000 jobs by increasing local contractors' business.

Data are for Seattle-Tacoma-Bellevue metropolitan area


http://portal.kiplinger.com/slideshow/comeback_cities/1.html

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Sam DeBord
Realtor® | Managing Broker
SeattleHome.com | Coldwell Banker Danforth
ph: 206-658-3225 | email: sam(at)SeattleHome.com
Member NWMLS, N.A.R., WA Realtors, Seattle-King County Realtors

Source: Individually compiled NWMLS data. The NWMLS did not compile or publish this information.

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Greater Seattle's Top 10 Sales of Foreclosures - Luxury Bank-Owned Homes

Sam DeBord -  Seattle Real Estate Broker: Real Estate Agent in Seattle, WA

Since we just went over the most-exclusive waterfront and luxury bank-owned homes for sale in the Greater Seattle area, it seems appropriate to review the highest-priced sales in the past couple of years.

The infamous Kirkland Mansion Squatters' temporary residence had its second day in the sun, with our top sale of the year ($2.6 million).

The following homes are the Top 10 bank-owned home sales listed on the NWMLS in 2009 and 2010:

727 14th Ave W, Kirkland, WA $1,400,000 4 beds, 3.25 baths, 5,640 Sq Ft
Kirkland Luxury Real Estate Foreclosure
This West of Market luxury home in Kirkland was on the market for 1.5 years before selling at $1.4 million. Within walking distance of Kirkland's waterfront parks, the home has Lake Washington and city views.


9430 Lake Washington Blvd NE Bellevue $1,430,000 4 beds, 4.50 baths, 5,950 Sq Ft
Bellevue Luxury Real Estate Foreclosure
This Meydenbauer home in West Bellevue was on the market 355 days before selling just above its final list price. Next to Clyde Beach Park and just blocks from downtown Bellevue, the home is situated in a landmark location.

3940 West Lake Sammimish Pkwy SE Bellevue $1,455,000 5 beds, 5.50 baths, 4,330 Sq Ft
Lake Sammamish Waterfront Real Estate Foreclosure
At 92 feet of waterfront, this Lake Sammamish property in Bellevue sold at 97% of its list price in just 11 days. With 90 feet of level waterfront and a full mother-in-law unit, it was a relative lakefront steal.

13249 Holmes Point Dr NE Kirkland $1,500,000 4 beds, 4.50 baths, 5,850 Sq Ft
Kirkland Waterfront Real Estate Foreclosure
After nearly two and a half years on the market, this luxury home in North Kirkland's Holmes Point neighborhood sold for 79% of its original list price. The 2007-built home features walls of windows and inlaid floors, as well as shared waterfront with a boat slip.

1120 Lakeside Ave S Seattle $1,510,000 4 beds, 3.25 baths, 4,270 Sq Ft
Seattle Waterfront Real Estate Foreclosure
In Leschi, this bank-owned home with 51 feet of waterfront sold after 10 days in its final stint on the market. It had been previously listed on and off since 2008, with an '08 list price of $2.7 million.

29421 SE 15 Place Fall City $1,550,000 4 beds, 5.75 baths, 5,530 Sq Ft
King County Luxury Real Estate Foreclosure
This five acre luxury estate in Fall City sold in just two weeks on the market. Its selling price was above the list price of the home. The premium price goes along with the premium property taxes--approximately $30,000/year.

2423 98th Ave NE Clyde Hill $1,700,000 5 beds, 4.50 baths, 5,390 Sq Ft
Clyde Hill Luxury Real Estate Foreclosure
In Clyde Hill, a rare bank-owned home sold after 3 weeks on the market at nearly the full list price. This 2002-built Mediterranean estate features marble floors, 20 foot ceilings, and a Basalt water feature.

13245 Holmes Point Dr NE Kirkland $2,600,000 5 beds, 7.00 baths, 9,930 Sq Ft
Holmes Point Kirkland Real Estate Foreclosure
Back in Holmes Point, this waterfront home on 2/3 of an acre sold after 9 months on the market at 90% of its list price. The home has an elevator, billiard room, and sauna, plus a separate boathouse with a studio/guest quarters.

1114 Sunset Ave SW Seattle $2,800,000 3 beds, 4.00 baths, 5,100 Sq Ft
Alki Admiral West Seattle Luxury Real Estate Foreclosure
Walls of glass, four fireplaces, and multiple view decks appoint this modern Admiral home in West Seattle. The home was listed for 15 months before garnering 82% of its original list price.

435 8th Ave W Kirkland $2,825,000 6 beds, 7.00 baths, 7,680 Sq Ft
Kirkland West of Market Luxury Real Estate Foreclosure
Remember the Kirkland Mansion Squatters? This was the home that they "allegedly" crashed in for a short while without paying a dime. Luckily, the police straightened out the situation and after 6 months on the market it sold for 97% of its list price. At 6 suites and 9 total baths, the home is expansive but has an old-world interior design.

September Seattle Waterfront - Houseboat and South-End Waterfront Home Sales

Sam DeBord -  Seattle Real Estate Broker: Real Estate Agent in Seattle, WA

Real estate sales on Seattle's waterfront were centered on Lake Union and the South end of Seattle in September. Three of our six sales for the month were houseboats and floating homes, while the three traditional single family homes were in West Seattle and Leschi.

seattle floating homes

Two inexpensive houseboats on the West end of Lake Union sold at $124,500 and $169,000 last month. This is near the low end for house boat/barge prices, as we've seen some very significant reductions in prices for this market recently. Buyers have been scarce for houseboats throughout the summer, and the bargain deals have really started to appear recently. There are still some quality barges listed under $150,000.

A higher-end floating home on Portage Bay sold for $645,000, which is near the lower-end for a quality, newer-construction floating home. There are sometimes a handful of floating homes under $500k, but most start at $700k and move up to the $2 million range.

In Leschi, our highest-priced home sale of the month was a beautiful Lake Washington estate that I toured recently. Selling at just under $2.4 million, it's a large home on a well-manicured waterfront plot and a quiet Leschi neighborhood street.

Two homes in West Seattle rounded out the month's sales, with a Beach Drive property going for just over $ 1 million. With 40 feet of saltwater frontage, it's a nice beach house at a fairly reasonable price for the locale. The furthest-South home was in Shorewood, at Seattle's Southwest border, selling for $1.525 million. The 2001-built home sits in a gated community with 55 feet of Puget Sound waterfront.

Seattle Waterfront Real Estate Sales, September 2010

2730 Westlake Ave N #84 700 Seattle $124,500 1 1
1080 W Ewing Place 700 Seattle $169,000 2 .75
1214 E Hamlin St #3 390 Seattle $645,000 1 1
5661 Beach Dr SW 140 Seattle $1,050,000 2.5 1
13025 Standring Lane SW 130 Seattle $1,525,000 4 3.25
1730 Lakeside Ave S 390 Seattle $2,385,000 4 2