Panoramic Views in Somerset

We’re pleased to present this updated traditional home in Somerset.  The home boasts unobstructed panoramic view of Lake WA, the Olympics, Seattle and Bellevue skylines.  Walls of windows flood the home with natural light and maximize the view. Gorgeously landscaped yard with perennials and flowering shrubs welcome you to the front door.  Level entry with full daylight basement and flat backyard, perfect for play.  Updated kitchen with an abundance of storage and endless view.  Award winning schools, Somerset, Tyee and Newport. Stop by this weekend and check it out.  Open Saturday and Sunday 1-4.

Link to listing for more information.

 

 

 


Posted on April 20, 2018 at 3:56 pm
Stephanie Kristen | Posted in bellevue, listings, real estate, somerset |

Hustle to Fight Homelessness

Original posting from Plymouth Housing Group

Have you joined the Hustle?

This weekend is your chance to join Elysian Brewing and the Seattle Seahawks as they hustle to make a difference for Plymouth’s residents!

In the Hustle to Fight Homelessness, these great organizations are competing to collect household items and food to help Plymouth’s new and current residents transition smoothly from life on the streets to life in a supportive community.

And you can help! Drop off donations of food and new or gently used household items (for the complete list click here) at a Seahawks Pro Shop or Elysian Brewing location by Sunday, April 15.

Listen to Marilyn, Plymouth’s Manager of Clinical Development, and Searetha, Plymouth resident and Board Member, share the importance of Plymouth’s mission.

Posted on April 12, 2018 at 3:54 pm
Stephanie Kristen | Posted in community, giving back, seahawks |

Seattle / Eastside Market Report – April 2018

Despite the typical seasonal surge in new listings, supply in our area continued to fall far short of demand in March. With just two weeks of available inventory in every market, competition for homes is intense. The result was another month of double-digit price increases as compared to a year ago. The region has now led the country in home price increases for 17 months in a row. The prediction for the spring market: HOT with no signs of cooling.

Eastside

>>>Click image to view full report.

The median price of a single-family home was up 6 percent over last March to $926,000, down slightly from the record-setting price last month. Sales were brisk at every price, including the luxury market. Sales of homes priced at $2 million or more were up 23 percent in the first quarter of 2018 as compared to the previous year.

King County

>>>Click image to view full report.

A booming economy combined with insufficient inventory propelled prices to an all-time high in March. The median price of a single-family home in King County jumped 15 percent to $689,950. Multiple offers remain the norm. Buyers here need to plan on moving very quickly and working with their agent on strategies to navigate bidding wars.

Seattle

>>>Click image to view full report.

The median home price in Seattle set a new record of $819,500 in March, up a whopping 17 percent from a year ago. Homes are selling within days of being listed. Only 19 single-family homes are currently on the market in Ballard and just 24 in Queen Anne. South Seattle, traditionally the most affordable part of the city, has seen the greatest increase in prices.  Home values in these neighborhoods have nearly tripled since the recession ended, while home values in the rest of the city have doubled.

Snohomish County

>>>Click image to view full report.

Once a less competitive market than King County, Snohomish County now has the lower amount of inventory of the two. The median price of a single-family home grew 12 percent over a year ago to $475,000. Prices here remain significantly lower than in King County and many buyers priced out of that market are trading a longer commute time for the opportunity of ownership.


Posted on April 9, 2018 at 11:58 am
Stephanie Kristen | Posted in bellevue, economy, market trends, seattle, statistics |

Free Shredding Events with Windermere

Spring clean your office! This is the perfect time to get rid of some of the old boxes of bills or other sensitive paperwork.  Documents will be professionally destroyed on site and a certificate of destruction can be provided upon request.

Saturdays from 10am to 2pm:
April 7      South Bellevue Office: 14405 SE 36th St, Bellevue, WA    
April 21    Issaquah Office: 1810 15th Pl NW, Issaquah, WA  
June 30   Downtown Bellevue: 11100 Main Street, Bellevue, WA


Posted on April 4, 2018 at 7:41 pm
Stephanie Kristen | Posted in bellevue, community, issaquah, preparing your home, somerset |

How Tax Reform Affects Homeownership

New tax legislation was signed into law at the end of 2017, and it included some significant changes for homeowners. These changes took effect in 2018 and do not influence your 2017 taxes.  Here’s a brief overview of this year’s tax changes and how they may affect you.

 The amount of mortgage interest you can deduct has decreased.

Under the old law, taxpayers could deduct the interest they paid on a mortgage of up to $1 million. The new law reduces the mortgage interest deduction from $1 million to $750,000.

These changes do not affect mortgages taken out before December 15, 2017.

The home equity loan deduction has been eliminated.

The prior law allowed homeowners to deduct the interest on a home equity loan if the value of the loan was $100,000 or less. The new law eliminates the deduction for interest on home equity loans.

The property tax deduction is capped at $10,000.  

Previously taxpayers could deduct all the state, local and foreign real estate taxes they paid with no cap on the amount. The new law limits the deduction for all state and local taxes – including income, sales, real estate, and personal property taxes – to $10,000.

The casualty loss deduction has been repealed.

Homeowners previously could deduct unreimbursed casualty, disaster and theft losses on their property. That deduction has been repealed, with an exception for losses on property located in a federally declared disaster area.

…AND AN IMPORTANT VICTORY

The capital gains exclusion remains unchanged.

Homeowners can continue to exclude up to $500,000 for joint filers or $250,000 for single filers for capital gains when selling their primary residence as long as they have lived in the home for two of the past five years. An earlier proposal would have increased that requirement to five out of the last eight years and phase out the exclusion for high-income households, but it was struck down.

Find out more about 2018 tax reform.

How does tax reform affect your plans for buying or selling a home?

The changes in real estate related taxes may change your strategy.  I’d be happy to go over your options and answer any questions you may have.


Posted on March 19, 2018 at 12:26 pm
Stephanie Kristen | Posted in economy, real estate |

Seattle / Eastside Market Report – March 2018

The local real estate market set new home price records in many parts of the region in February. Prices here have grown faster than anywhere else in the country for the last 16 months in a row. Demand remains high and inventory very low. Brokers are hoping the normal seasonal increase in listings this spring will help give buyers some relief.

Eastside

>>>Click image to view full report.

With home prices soaring on the Eastside, it’s not a matter of whether the median price will exceed a million dollar, but when. February brought the market very close to that milestone. The median price of a single-family home increased 14 percent to a record $950,000 on the Eastside, surpassing the previous peak recorded in December.

King County

>>>Click image to view full report.

The red-hot job market in King County continues to outpace nearly every area in the nation. Well-paid workers looking to buy close to city centers have fueled a growing competition for a shrinking number of homes. That demand boosted the median price of a single-family home up 16 percent over a year ago to $649,950.

Seattle

>>>Click image to view full report.

The median price of a single-family home in Seattle hit a new high of $777,000 in February, $20,000 more than the previous record set in January and up 14 percent from the same time last year. Despite the sharp increase in prices, multiple offers have become the norm for most properties. It remains to be seen if recent interest rate hikes will have a moderating effect on home values.

Snohomish County

>>>Click image to view full report.

After several months of moderating growth, Snohomish County set a new record for home prices in February. The median price of a single-family homes jumped 18 percent to an all-time high of $485,000. Inventory is down from a year ago, with less than a month’s supply of homes available for sale.

If you are considering buying a home in today’s market, here are three things to consider:

  1. Make sure you can afford the payments.
  2. Choose a location that will appeal to you long-term.
  3. Be committed to living there for a minimum of five to seven years.

Posted on March 15, 2018 at 9:46 am
Stephanie Kristen | Posted in bellevue, economy, market trends, seattle, statistics |

Sweeping View in Somerset


This Somerset home showcases expansive views of Lake Washington, the Olympic Mountains, and the downtown skylines of Seattle and Bellevue. A wall of windows maximizes the views from the living, dining and open kitchen. Large level patio in back perfect for entertaining or play. Master suite w/built-ins and luxurious 5-piece master bath. Lower level family room also highlights the views. Award winning schools, Somerset Elementary, Tyee Middle School and Newport High. Convenient location, minutes to downtown Bellevue and Seattle. This is the place to be! 4422 138th Ave SE, Bellevue ~ $1,568,680

Full listing information here.

 

 


Posted on March 14, 2018 at 11:20 am
Stephanie Kristen | Posted in bellevue, listings, somerset |

Modern Somerset

Mid-century modern remodeled with today’s conveniences. Open concept kitchen with high-end appliances & island. Warm woods throughout; clerestory and full-length windows for an abundance of natural light. Living room has vaulted ceilings, gas fireplace and lovely lake & mountain views. Dining opens to large deck. Master w/dual walk-in closets, 3/4 bath and door to private hot tub. Lower level media room, and guest bedroom w/den. 2 blocks to Somerset Elementary.

This home is not to be missed! Open Saturday and Sunday 1-4 pm
More property information here.

 


Posted on March 10, 2018 at 5:36 pm
Stephanie Kristen | Posted in bellevue, listings, somerset |

Cape Cod in Somerset

 

Traditional Cape Cod in prime location of Somerset.  Two blocks from Elementary.  Ideal floor plan with four bedrooms, two baths up.

Open Saturday and Sunday 1-4. ~ 4453 144th Ave SE, Bellevue ~ $1,200,000

Check out the full listing here.


Posted on March 3, 2018 at 11:28 am
Stephanie Kristen | Posted in bellevue, listings, somerset |

Windermere Foundation Surpasses $35 Million In Giving

Windermere Foundation 2018

A portion of the money raised last year is thanks to agents who make a donation to the Windermere Foundation from every commission they earn. Additional donations from Windermere agents, the community, and fundraisers made up 66% of the money collected in 2017. These funds enable offices to support local non-profits that provide much-needed services to low-income and homeless families in their communities.

 

SUMMARY OF FUNDS, GRANTS & DONATIONS IN 2017 

  • Organizations served: 472
  • Number of individual grants fulfilled: 644
  • Average grant amount: $2,964.04
  • Average donation to the Windermere Foundation: $116.08

FUNDING BREAKDOWN

  • Total amount disbursed in 2017:               $2,249,357.14
  • Total disbursed through grants:                 $1,908,843.54
  • Scholarships:                                                    5%
  • Youth/Child Programs:                                33%
  • Emergency Assistance:                                 24%
  • Shelter:                                                             11%
  • School Assistance:                                          5%
  • Education/Counseling:                                 12%
  • Administrative Expenses:                              2%
  • Fundraising Expenses:                                  8%

So how are Windermere Foundation funds used? Windermere offices decide for themselves how to distribute the money in their local community. Our offices have helped support school lunch and afterschool programs, housing assistance for homeless families, food banks, homeless shelters, and non-profits that provide basic necessities, such as shoes, clothing, toiletries, and blankets to families in need.

A very notable day in 2017 for the Windermere Foundation was November 15, when a record-breaking $253,782 was given in a single day. A total of 35 non-profit organizations benefitted from that day’s donations, including Attain Housing in Kirkland, WA, which received $56,000 from the Windermere Real Estate East, Inc. group of offices. Other organizations that received donations were Boys and Girls Club of Contra Costa in Walnut Creek, CA, and the Shady Cove School in Shady Cove, Oregon.

2017 also marked the second year of our #tacklehomelessness campaign with the Seattle Seahawks, in which Windermere committed to donating $100 for every Seahawks home game defensive tackle to YouthCare, a non-profit organization that provides critical services to homeless youth. While the Seahawks didn’t make it to the playoffs this year, they did help us raise $31,800. When added to last year’s $35,000, that’s a total donation of $66,800. We are grateful for the opportunity to provide additional support to homeless youth thanks to the Seahawks, YouthCare, and the #tacklehomelessness campaign.

Thanks to our agents, offices, and everyone who supports the Windermere Foundation, we are able to continue to make a difference in the lives of many families in our local communities.

This post originally appeared on the Windermere Foundation Blog.


Posted on February 23, 2018 at 7:06 pm
Stephanie Kristen | Posted in community, giving back, seahawks |