Exquisite Aldarra Estates home – Buchan resale. This stunning ridge home is elegantly detailed, with 4 Bedrooms, 4 Bathrooms, Den, spacious Bonus & Media Room. Spectacular hardwood floors throughout main floor. Impressive entry. Superb granite, marble & tile touches. Expansive master suite with fireplace, bay window, view & oversized master bath with large walk-in shower. Absolutely gorgeous gourmet kitchen & dining nook with French doors to large gazebo. Beautiful backyard with patio & mountain views.

List Price: $1,000,000
MLS#: 29061428
Address: 2312 279th Drive SE, Fall City, WA 98024
Bedrooms: 4
Bathrooms: 3.5
Square Feet: 4,410
$/Square Ft: $226.76
Lot Size: 0.35 Acre
Year Built: 2007
Taxes: $11,259
School District: Snoqualmie Valley
Elementary School: Fall City Elementary
Middle School: Chief Kanim Middle School
High School: Mount Si High School

Call Andy O’Shea at 425.422.3642 or Jesse Moore at 425.876.0766 for more information.

Maybe the “sky” isn’t falling?!

A chicken and a pig walk into a grocery store…………..Nah, I’ll save that story for another time. : )

I get asked at least once every day, often multiple times: “Andy, how are things going in real estate, REALLY?! Is it as bad as it sounds?” Truthfully, in my opinion: No!

I’m seeing offers being written on homes – almost every day.

I’m meeting with sellers who realize 2007 prices are gone – but that they can still sell their home, and do.

I’m helping investors find incredible values – on all types of properties.

I’m marketing new construction homes for Builders – and receiving offers every weekend.

I’m working with Banks to offer 3.75% interest rates to First Time Home Buyers – who are loving it!

Yeah, I’d say things are “looking up”.

Did you read the article in last week’s Seattle Times entitled: “Pending sales of single-family homes in King County surged in April”? The article mentions some of the good news:

• King County Pending sales were up 25% in April over March.
• Snohomish County Pending sales were up 28% in April over March.

One factor to keep in mind, though, is that many of those pending sales are distressed homes or bank-owned homes. On those properties, buyers are typically securing exceptional prices. While there is more “activity” in the market, home prices are not yet rising. In fact King County sales prices were down about 15% from 2008 compared to 2007, while Snohomish County sales prices were down about 18% from 2008 compared to 2007.   These are sobering numbers – but now that it’s more commonly understood, many real estate decisions are more reality based than speculative (i.e., what price to list a home).

Even though we’re not yet seeing home prices increase – in some cases, we are seeing multiple offers. And we’re seeing Home Buyers getting off the fence and making offers, because they’re afraid they may miss the chance for a great deal!

My conclusion: It’s hard to know when the “bottom” has finally hit – but you’ll definitely know once you’re looking up!

In my opinion – there are indications that our real estate world may be starting to change for the better. Maybe the sky isn’t falling.

Tags: 3.75%, bank owned homes, distressed homes, new construction, pending sales

Located at the end of a private drive and less than a block from Microsoft, this 3 bedroom, 2 bath home is a handyman’s special. Home has 2 fireplaces, RV parking w/ sewer hookups, and a large lot. Good rental or investment property with a little work. Short sale – subject to lien holder approval.

List Price: $359,500
MLS#: 29061330
Address: 15812 NE 51st Street, Redmond, WA 98052
Bedrooms: 3
Bathrooms: 2
Square Feet: 1,620 square feet
$/Square Ft: $221.91
Lot Size: 0.36 Acre
Year Built: 1977
Taxes: $3,577
School District: Lake Washington
Elementary School: Rush Elementary
Middle School: Rose Hill Junior High
High School: Redmond High School

Call Jesse D. Moore at 425.876.0766 for more information.