Remodeled – Private – Somerset

Tasteful remodel in Bellevue’s beloved Somerset, where commuting is a breeze and schools are prized! Nearly every surface has been touched with today’s real-living in mind: quartz, stainless, and cherry custom cabinetry in new open concept kitchen. Sleek finishes in remodeled baths. Resilient IPA hardwoods. Cozy lower level rec room with gas fireplace. Updated systems and low maintenance tile roof. Park-like grounds create serene setting with Somerset Elementary and playground half a block away.

Open Saturday and Sunday 1 – 4 pm

Link to more information here


Posted on February 25, 2017 at 7:55 am
Stephanie Kristen | Posted in bellevue, listings, real estate, somerset |

Four Reasons Why Dodd-Frank Will Not Be Repealed

by Matthew Gardner, Chief Economist, Windermere Real Estate
Many worry about President Trump’s pledge to remove regulations relating to financial services and the rollback of the ‘Dodd-Frank Wall Street Reform and Consumer Protection Act’. For those who may be unware of this very substantial bill, it represented the most comprehensive financial regulatory reform measures taken since the Great Depression, and was a result of the financial crisis and housing crash of 2008/2009.

In effect, the Dodd-Frank Act created an agency to enforce compliance with consumer financial laws, introduced more stringent regulatory capital requirements, and made banking institutions retain some risk associated with home mortgage issuance.

While I believe that it’s safe to suggest that certain aspects of Dodd-Frank will be rolled back, there are four reasons why I don’t think the entire Act will be repealed.
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Posted on February 21, 2017 at 2:10 pm
Stephanie Kristen | Posted in economy, market trends |

Just Listed – Licton Springs Townhouse

Check out this fantastic new townhouse listing.  Light filled corner lot across from the park.  Details here.


Posted on February 18, 2017 at 11:14 am
Stephanie Kristen | Posted in listings, real estate, seattle |

Commitment to Service

One of my favorite podcasts is Happier by Gretchen Rubin.  In her weekly podcast, she focuses on the little things, the actionable items we can do on a daily basis to bring joy and happiness to our world and those around us.  In a recent episode they featured the Five Love Languages, a book by Gary Chapman which talks about the way we show our love to others.

My “aha” moment  came when I realized my love language is Acts of Service.  Nothing brings me greater pleasure than helping others.  It is the foundation of my relationships with family, friends, community and my business. I truly enjoy doing things for others which explains why I enjoy selling real estate so much.  It is not a sales position, but a service position.

Working in real estate is the opportunity to serve others in one of the biggest decisions they make.  By listening to my clients and understanding their goals, I am able to use my years of experience to help them from beginning to end.  I love be able make the whole process easier for them.

I also feel very fortunate to be part of a larger community that cares.  The opportunity to spend time with people working to end homelessness, improve our schools, or make a difference with our area youth is inspiring.

Thank you to everyone that takes the time for service.  I believe we are all in a better place when we ask the question, ‘How can I help?’


Posted on January 16, 2017 at 3:57 pm
Stephanie Kristen | Posted in community, giving back, words to live by |

What’s In Store For The 2017 Seattle Housing Market?

somerset view

By Matthew Gardner, Chief Economist, Windermere Real Estate

2016 was another stellar year for the Seattle housing market, in which a surplus of buyers and a deficit of sellers drove home prices higher across the board. So, can we expect to see more of the same in 2017? Here are some of my thoughts on the Seattle/King County housing market for the coming year:

  1. Our market has benefited greatly from very healthy job growth, driven in no small part by our thriving technology companies. Economic vitality is the backbone of housing demand, so we should continue to see healthy employment growth in 2017; however, not quite as robust as 2016. Migration to Seattle from other states will also continue in the coming year, putting further pressure on our housing market.
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Posted on January 3, 2017 at 3:20 pm
Stephanie Kristen | Posted in economy, market trends |

Seattle/ Eastside Market Update – November 2016

Home sales outgained new listings again in October, further squeezing already tight inventory and pushing prices higher. Since new listings traditionally decrease in the fall, that inventory shortage is expected to last until spring. Sellers willing to put their home on the market now can expect plenty of interested buyers, and a highly favorable chance of getting the best possible price for their home.
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Posted on November 28, 2016 at 4:14 pm
Stephanie Kristen | Posted in economy, market trends, statistics |

Local Holiday Light Shows

december-16-web-header

Ready to lift your spirits? Shimmering light shows are a brilliant way to celebrate the winter holiday season. Grab a warm coat and go exploring in gardens, zoos and even on the water.  Here are five local venues that are worth braving the cold to see…
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Posted on November 23, 2016 at 12:34 pm
Stephanie Kristen | Posted in bellevue, community, seattle |

Happy Veterans Day

“Ask not what your country can do for you; ask what you can do for your country.” (1)

On this day and everyday THANK YOU to all the Veterans who have answered the call.


Posted on November 11, 2016 at 4:28 pm
Stephanie Kristen | Posted in community, giving back, words to live by |

The Trump Effect – How will it impact the US economy and housing?

trumppresidency

The American people have spoken and they have elected Donald J. Trump as the 45th president of the United States. Change was clearly demanded, and change is what we will have.

The election was a shock for many, especially on the West Coast where we have not been overly affected by the long-term loss in US manufacturing or stagnant wage growth of the past decade. But the votes are in and a new era is ahead of us. So, what does this mean for the housing market?

First and foremost I would say that we should all take a deep breath. In a similar fashion to the UK’s “Brexit”, there will be a “whiplash” effect, as was seen in overnight trading across the globe. However, at least in the US, equity markets have calmed as they start to take a closer look at what a Trump presidency will mean.

On a macro level, I would start by stating that political rhetoric and hyperbole do not necessarily translate into policy. That is the most important message that I want to get across. I consider it highly unlikely that many of the statements regarding trade protectionism will actually go into effect. It will be very important for President Trump to tone down his platform on renegotiating trade agreements and imposing tariffs on China. I also deem it highly unlikely that a 1,000-mile wall will actually get built.

It is crucial that some of the more inflammatory statements that President-Elect Trump has made be toned down or markets will react negatively. However, what is of greater concern to me is that neither candidate really approached questions regarding housing with any granularity. There was little-to-no-discussion regarding housing finance reform, so I will be watching this topic very closely over the coming months.

As far as the housing market is concerned, it is really too early to make any definitive comment. That said, Trump ran on a platform of deregulation and this could actually bode well for real estate. It might allow banks the freedom to lend more, which in turn, could further energize the market as more buyers may qualify for home loans.

Concerns over rising interest rates may also be overstated. As history tells us, during times of uncertainty we tend to put more money into bonds. If this holds true, then we may see a longer-than-expected period of below-average rates. Today’s uptick in bond yields is likely just temporary.
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Posted on November 10, 2016 at 4:31 pm
Stephanie Kristen | Posted in economy, interest rates, market trends |

Seattle/ Eastside Market Update – October 2016

At a time of year when sales traditionally slow down, September saw particularly strong sales growth. Home prices rose yet again compared to the same time last year, but they remain below the peak of several months ago. And inventory, while still low, is at its highest level in two years. The local real estate market continues to be one of the hottest in the country, but there are signs that prices may be rising more slowly than they did in the first half of the year.

Eastside

Click image to view full report.
Click image to view full report.

Home prices on the Eastside remain very strong. The September median price of $750,000 was a healthy 10 percent increase over last September. Inventory remains very low with just over a month supply of homes. Demand in this sought-after market continues to overwhelm the number of properties available for sale.
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Posted on October 30, 2016 at 11:21 pm
Stephanie Kristen | Posted in real estate |