93 million dollars!

A jaw dropping 2.8 times the current value . . . → Read More: Seattle Real Estate: Too much money, Good investment, Progress, Poor Planning]]> So I just read in the Seattle PI about Children’s Hospital looking at buying out an entire condo complex for possible future expansion. According to the PI, Laurelon Terrace condominiums is a six acre complex with 136 units. Children’s reported price according to this article?

93 million dollars!

A jaw dropping 2.8 times the current value according to the PI! It isn’t a surprise that the majority of residents in the condo complex are willing to sell, but what does surprise me? There are some that don’t! I wish I had bought a couple of those condos a few years back – don’t you?

So how does this happen? In 1990 the state of Washington passed a measure which allows a condo to sell itself if at least 80% of the owners approve. That was not put in place for complexes built prior to that time, which are still under the 100% approval rule. So the neighbors at Laurelon who don’t want to sell still have a fighting chance of keeping their homes for now, but it seems according to the article that the condo board is looking at legal ways around that, too.

I understand someone not wanting to leave their home – take Edith Macefield for instance – the lovely woman in Ballard that refused to sell her home when she was offered something like a million dollars. I adore this woman, but driving by now and seeing her house swallowed up by giant concrete walls make me extremely sad. My favorite book as a child was The Little House and Ms. Macefield is the little house in real life. I wish the developer could have convinced her to let him move her house out to the country or somewhere with a lovely little view instead of the giant dark walls outside her kitchen window now. I lived in Ballard for a long time and I remember seeing her house in the middle of a parking lot for years and thinking how she must have lived there forever, but never did I think that Seattle would allow an older lady to have to finish out her long life in a house smothered by construction. I truly fault the city for what happened to Edith Macefield – I have no idea how it happened, but that building should have never gone up around her house.

So, progress happens in Seattle and although I love old Seattle and one of my favorite sites is www.VintageSeattle.org, I would much rather sell my home to an organization such as Children’s Hospital than a developer putting in a Trader Joe’s or whatever else is going in there.  But then, we do love our Trader Joe’s too….hmmmm.

In Seattle real estate, I have written about all the great Built Green properties in Seattle neighborhoods & Seattle suburbs before, but I thought it was pretty cool that the Master Builders Association in partnership with both King and Snohomish Counties also offer a Built Green Self Certification checklist for Seattle area . . . → Read More: Seattle Real Estate: Green Remodeling in Seattle Neighborhoods & Seattle Suburbs to Attract Buyers]]> Built Green in Seattle neighborhoods and Seattle suburbs?

In Seattle real estate, I have written about all the great Built Green properties in Seattle neighborhoods & Seattle suburbs before, but I thought it was pretty cool that the Master Builders Association in partnership with both King and Snohomish Counties also offer a Built Green Self Certification checklist for Seattle area remodelers, too!!! This is huge since I put all new energy efficient appliances in my house and also had Bamboo flooring installed throughout, but I also think it is so wonderful that Seattle buyers looking for a built green house can now look to existing properties for a Built Green rating!

Return on Your Investment?

Yes! Green for green! Seattle Built Green properties are popping up all over the place in the new construction arena. I think a great way to add value to your house before you decide to sell is to make sure that any remodels done are certified by this program as being green and better for the environment! It will add to your ability to market your home to all the savvy buyers out there looking for these types of properties, and it will be contributing to making Seattle real estate more green!

Courtney Cooper ….For all your Seattle Washington Real Estate Needs! Seattle Area Real Estate Agent: Broker and Realtor serving North King & South Snohomish County.  Seattle Real Estate and Seattle Suburbs!  Cooper Jacobs Real Estate Services:   Experienced REALTOR with a background in accounting – I love my clients and work hard for them! Please call me if you are looking for a home or investment property (including short sales, preforeclosures, foreclosures, and REO properties) in Seattle neighborhoods(Ballard, Crown Hill, Phinney, Ravenna, Maple Leaf, Greenlake, Greenwood, Northgate, Lake City,University, Sand Point, Laurelhurst, Windermere, Fremont, Wallingford, Queen Anne, Westlake, Eastlake, Lake Union, Downtown, Madison Park), Shoreline, Edmonds, Brier, Lynnwood, Mountlake Terrace, Lake Forest Park, Bothell, Mill Creek, Everett, or other Seattle Suburbs!

 If you are thinking of relocating to Seattle, I am an expert at Seattle Relocation services and can help you find the perfect home while making sure it is a solid financial investment!

Here are the Seattle townhome market . . . → Read More: Seattle Real Estate: Neighborhoods: Ballard, Wallingford, Greenlake, Fremont Market Update 2008 – Townhomes]]> Seattle new construction neighborhood townhomes are a great way for a first time home buyer to get into the market with lower upkeep costs and usually no homeowner dues.  These townhomes usually have a cute little yard and lots of decks for increased living spaces and wonderful views of our gorgeous city! 

Here are the Seattle townhome market update figures for real estate in 2008 for the Ballard, Greenlake, Fremont, Crown Hill, Sunset Hill, and Wallingford neighborhoods in Seattle.  This is on townhomes priced $500,000 and less.

There are 64 Seattle townhome listings on the NWMLS right now with a status of ACTIVE.  These range from a 2 bedroom/1 bath to a 3 bedroom/3.5 bath with an average of a 3 bedroom/2.25 bath layout.  Square footage ranges from 818 square feet to a spacious 2219 square feet with an average of 1531 square feet.  They range in price from $309,950 to $499,999 with an average of $427,678.  The average days on market for these townhomes is 73 days. 

So what is happening in this Seattle townhome market?  Well, while there are 64 listings to choose from, there are not a lot of new townhome listings coming on to the market.  This is probably due to the recent media scare tactics which may make some sellers or builder hesitant to put their properties on the market right now.  I have buyers who are very well qualified in this market, but the current inventory does not suit their needs for one reason or another, so we are actively looking for new townhome listings in this particular area of Seattle! 

Courtney Cooper ….For all your Seattle Washington Real Estate Needs! Seattle Area Real Estate Agent: Broker and Realtor serving North King & South Snohomish County.  Seattle Real Estate neighborhoods and Seattle Suburbs!  Cooper Jacobs Real Estate Services:   Experienced and with a background in accounting – I love my clients and work hard for them! Please call me if you are looking for a home or investment property (including short sales, preforeclosures, foreclosures, and REO properties) in Seattle neighborhoods, Shoreline, Edmonds, Brier, Lynnwood, Mountlake Terrace, Lake Forest Park, Bothell, Mill Creek, Everett, or other Seattle Suburbs! If you are thinking of relocating to Seattle, I am an expert at Seattle Relocation services and can help you find the perfect home while making sure it is a solid financial investment!