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Your guide to Real Estate and home buying & selling

Just ask Scott and Amber, of Home Builders/Wells level of affordability, alongfirst time home buyers in Fargo Housing Opportuside historically low interest their late 20’s, nity Index (HOI) rates, has not translated who were able to indicates that in into as many national sales recently purchase today’s market “72.6 as the industry would like a single fampercent of all new to see. ily home in Rose and existing homes Lawrence Yun, NAR Hill. “We had sold in the second chief economist, said there been wanting quarter of the year is still a tug and pull on the to own a home were affordable to market. “Affordability confor the last few families earning the ditions this year have been years but we just the most favorDebbie Walter national meweren’t able to able on record Realtor - RE/MAX NW dian income “There are smaller make our budget of $64,200.” markets that see an dating back to work. When we There are even higher rate of 1970, but many sat down with our Realsmaller markets that affordability, such buyers are betor and Lender it became see an even higher ing held back as Kokomo, Ind., crystal clear that we could rate of affordability, because banks where 95.8 percent actually make this happen such as Kokomo, are offering of homes sold because of these crazy low Ind., where 95.8 financing to during the second interest rates and prices percent of homes only the most quarter of 2011 having come down even sold during the highly qualiwere affordable ... ” fied borrowers, more from two years ago!” second quarter of The fact is: when it 2011 were affordable See graph on page 10 ignoring a large comes to home affordabilto families earning share of otherity, levels are at near record the area median income of wise creditworthy buyers,” generational highs. $59,100. he said. The National Association Unfortunately, this high Yun continues, “Those

potential buyers represent the difference between an uneven recovery and a much more robust housing market that could stimulate additional economic activity and create jobs.” The NAR reports that the national median existinghome price was $174,000 in July, down 4.4 percent from July 2010. Distressed homes still made up nearly 1/3 of the market, at 29 percent. Fortunately, for Kirkland home owners, the median sales price in August was $475,000, with 51 homes sold (the highest sale being a $2.3million dollar home on Holmes Point). This is in comparison to last August 2010, where the Kirkland median sales price was $480,000 with 47 homes sold (the highest sale being a $1.6million dollar

transaction costs of buying and selling a home, you may end up losing money if you sell any sooner - even in a rising market. Consider this purchase a 5-year hold. 2. Start by shoring up your credit. Since you most likely [ more REAL ESTATE page 10 ]

Clive Egdes 206-251-1680

Windermere Real Estate/Central, Inc.

Specializing in Kirkland Properties.

“Exceptional Service, Extraordinary Results” 521111

Is Real Estate REALLY All That Affordable?

home on 3rd St S). So what to do next? Consider these Top 7 Tips for Home Ownership: 1. Don’t buy if you can’t stay put. If you can’t commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the

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Top Floor, End Unit Kirkland Condo Lifestyle & Location in one great place! Top-Floor End-Unit Condo-wonderful southern exposure to enjoy a private Greenbelt View-not looking at other buildings. Craftsman details & open Floor plan. Cherry pergo @ entry & kit, Granite, Cherry tone cabinets, Stainless Steel Apps, Full Size Washer & Dryer, Pantry. Bedrooms separated w/own baths. Fireplace, extra Storage, Big Private BBQ Deck, 2 Reserved Parking. Yr-round indoor Hot Tub + Pool & Clubhouse. Great association. $158,815

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Nearly 2 acres of tranquility. Circular driveway, covered front porch, and hardwood floors greet you at this wonderful home w/4 large bedrooms & 2.50 baths. Gorgeous fresh remodel w/ slab granite & travertine, brand new S.S. chef’s appliances, new carpet & pad, painted in & out! Newer Alside windows w/trans warranty, R-40 & R- 50 insulation, gas forced central air. Amazing out buildings + barn perfect for cars, craftsman, or equestrian. Shops are wired 220, 1 is 24 x 30 insulated, heat, cable. 2nd is 24 x 36, double doors, 1-1/2 ton truss + 6” concrete floor. Huge deck and hot tub. 1 year Home Warranty for new owner. $629,750

RE/MAX Northwest

[10] September 2, 2011

Real Estate


Your guide to Real Estate and home buying & selling

Real Estate Sales in Kirkland, WA • August 1 -28, 2011 Residential Housing in 98033 & 98034

13123 114th Lane NE 11243 NE 131st Lane 6465 NE 130th Place 14703 122nd Place NE 10233 132nd Ave NE 14224 110th Ave NE 13619 115th Ave NE 8841 NE 144th St 10610 NE 137th Place 8420 NE 137th Ct 12202 104th Ave NE 12820 84th Ave NE 9501 116th Ave NE 7544 126TH Ave NE 13820 116th Place NE 12114 NE 134th St 11023 NE 143rd St 10626 NE 125th Place 11311 127th Ave NE 14543 119th Ave NE 443 15th Ave 11410 NE 106th Lane 13033 NE 102nd Place

$165,000 $180,000 $181,000 $193,000 $200,000 $200,000 $220,000 $255,000 $267,000 $269,900 $275,000 $285,000 $305,500 $319,000 $325,000 $339,000 $345,000 $360,000 $365,000 $368,000 $392,500 $417,505 $419,000

13045 NE 139th St 11635 106 Ave NE 12125 104th Ave NE 10809 NE 45th St 12427 68th Ave NE 1534 5th Place 8432 NE 123rd Place #Lot 6 10819 NE 62nd St 420 10th Ave W 13720 NE 136th Place 1931 10th Place W 11730 NE 95th St 1914 5th St 433 7th Ave 7023 126th Ave NE 737 State St 11501 111th Place NE 9429 116th Ave NE 1021 1st St 10026 NE 110th St 1002 State St S 708 2nd St 5704 125th Lane NE 500 Waverly Wy 9829 111th Ave NE 6303 105th Ave NE

$428,000 $470,000 $475,000 $550,000 $575,000 $584,000 $615,000 $616,500 $640,000 $646,900 $650,000 $655,000 $675,000 $695,000 $695,000 $725,000 $725,000 $735,000 $755,000 $835,000 $880,000 $900,000 $925,000 $970,000 $973,900 $1,080,000

10812 NE 60th St 11665 Holmes Point Dr NE

Residential Housing Averages Average. List Price $593,057 Average Sales Price $560,445 CDOM (Cumulative Days on Market) 77

Condos/Townhomes in 98033 & 98034

12600 NE 145 St #G56 12525 NE 145th Place #F98 14510 124th Ave NE #H89 12513 NE 130th Wy #C106 10017 NE 138th Place #B-1l 10015 NE 120th Lane #E201 12411 109th Ct NE #C102 12323 NE 97th St #L 12905 126th Ct NE #L106 10037 NE 138th Place #D2 10127 NE 124th Place 11304 124th Ave NE #201 11905 93rd Ave NE 11905 93 Ave NE 14703 122nd Place NE

[ REAL ESTATE from page 9] will need to get a mortgage to buy a house, you must make sure your credit history is as clean as possible. A few months before you start house hunting, get copies of your credit report. Make sure the facts are correct, and fix any problems you discover. 3. Aim for a home you can really afford. The rule of thumb is that you can buy housing that runs about two-andone-half times your annual salary. But you’ll do better to sit down with a professional mortgage lender to get a better handle on how your income, debts, and expenses affect what you can afford. 4. If you can’t put down the usual 20%, you may still qualify for a loan. There are a variety of public and private lenders who, if you qualify, offer


nd ilab a a ts lo av ch ow a n Be ing c an

$1,099,000 $2,363,000

$61,000 $61,760 $61,800 $62,000 $95,000 $108,000 $120,000 $135,000 $141,000 $146,000 $162,000 $181,000 $187,000 $187,000 $193,000

15007 123rd Ave NE 9039 NE Juanita Dr #306 733 S Lake St S #109 102 State St S #204 11323 101st Place NE 4561 Lake Wash Blvd NE #206 611 State St S #7 11311 Ohde Cir 10020 124th Ave NE 703 4th Ave #105 109 2nd St S #521 11342 NE 67th St #A2 555 Kirkland Way #306 631 Market St #204 631 Market St #102 9727 NE Juanita Dr #202 221 5th Ave S #E203 703 9th Ave S 433 7th Ave 500 Waverly Wy

$217,000 $238,500 $267,000 $280,000 $290,000 $315,000 $326,950 $332,000 $335,000 $375,000 $392,000 $424,900 $472,500 $501,168 $520,000 $535,000 $545,000 $570,000 $695,000 $970,000

Condos/Townhomes Averages Average. List Price $311,874 Average Sales Price $300,102 CDOM (Cumulative Days on Market) 153

low-interest mortgages that require a down payment as small as 3.5 percent of the purchase price. 5. Buy in a district with good schools. In most areas, this advice applies even if you don’t have school-age children. Reason: When it comes time to sell, you’ll learn that strong school districts are a top priority for many home buyers, thus helping to boost property values. 6. Get professional help. Even though the Internet gives buyers unprecedented access to home listings, most new buyers (and many more experienced ones) are better off using a professional agent. Look for an exclusive buyer agent, if possible, who will have your interests at heart and can help you with strategies during the bidding process. 7. Before house hunting, get pre-approved.

cohasset beach westport, wa


516226 877.315.1985

Getting pre-approved will save your the grief of looking at houses you can’t afford and put you in a better position to make a serious offer when you do find the right house. Not to be confused with pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history. Just imagine: home ownership means you no longer pay monthly rent for the roof over your head. You can do what you want with your house (within reason) and you get to deduct the interest, property taxes and mortgage insurance against your taxable income in order to minimize taxes owed to Uncle Sam. The best part of buying when affordability is at its all time best? When you leave, you can sell it to recoup the purchase price and - with any luck - earn a profit too.

For further information or suggestions on future topics, please contact Debbie Walter @ or (206) 930-8699. Debbie is a REALTOR® with RE/MAX NW Realtors in Kirkland. Debbie is a member of the National Association of Realtors (a trade organization that promotes real estate information, education and professional standards).

September 2, 2011 [11]

Real Estate

Windermere Real Estate East, Inc. Kirkland/Yarrow Bay Office 3933 Lake Washington Blvd NE, Suite 100

425-822-5100 SO


Natasha Bosch 425-766-8019

Heidi Bright 425-820-5343

Craig Gaudry 425-576-5555

G.G. Getz 206-915-7777


Kathryne Green 425-766-1315

Kathy Magner 425-803-9457

Chelle Nelson 206-953-5927

Carlene Sandstrom 206-910-3662


Exquisitely remodeled & immaculately maintained rambler on one of the best lots positioned to maximize lake, city & MT views! Timelessly elegant, an entertainer’s dream home. Perfect indooroutdoor flow in this private retreat.









Lake views & an idyllic location...Perfect, flowing floor plan, huge kitchen & great room open to west-facing patio & lawn. 4 Bdrm+Bonus up, Den on main. Peaceful master w/ vaulted ceilings, sunny view deck.





Large unit with 240º views. Wrap-around decks for indoor-outdoor living. Stroll to the heart of town just 2 blocks. 2 BR+ Den. Immaculate high-end finishes.

HEIDI BRIGHT 425-820-5343



Beautiful custom built home designed with a rich patina of materials & amenities. Highlighted by 3 large bdrms, 3.5 baths, den/office, + bonus rm w/3,220 sqft of living space. Gorgeous low maintenance yard w/pri deck & patio. Photo gallery at MLS #265233











Impossible to find combo in townhome:stunning lake,city,mt views; 25 x 25 ft rooftop deck; secret garden patio crowned by Wisteriacovered arbor; Great Room;Food Network-worthy kitchen lavishly remodeled. 11332 NE 67th ST.







Luxe and light in Rivertrail! 2 Bdrm, 2.5Bth Townhome w/attach gar in stellar dntwn Redmond. Slab granite in kit & bth, new ss appl, main level all hdwd flrs, tile flrs in all baths, gas FP. Private patio leads to lawn, trees, pond and 26 miles of Rivertrail!







Sweet Cottage w/tons of upgrades just 3 blocks from Juanita Beach Wtrfrnt Park. Giant sunny wrap-around deck nestled at base of Goat Hill on Huge 13K Sq Ft Lot. Detached studio options: MIL/Garage/Shop? Listing courtesy John L Scott






Wonderful shy acre lot w/level areas & great lake, city, mtn views. Peaceful setting close to Denny Park and boat launch. Water & Sewer recently brought into street. TOPO completed with buildable main structure as well as ADU/Garage.






Why RENT when you can OWN for less! FAB top floor 2bd/2ba condo w/vaulted ceilings, hardwoods and updates galore! Prv GarXtra parking...MINUTES to 405/I-5 and EVERYTHING! MLS#232044 (bank approv required)


206-910-3662 519888


Main floor Master Craftsman cottage nestled on secluded lot backed by greenspace. No “cookie cutter” home here! Great Room. Granite Island Kitchen w/skylights & hardwoods. Flex rooms for your flexible needs. 404 20th Ave.

[12] September 2, 2011

We give back to Sibling House with our Community Partnerships

Real Estate

8525 120th Avenue NE #100, Kirkland, WA 98033 Just South of Costco


Sibling House Really Needs Your Help School Supply Drive Aug. 5-Sept. 3 Sibling House lends support to foster families who take in sibling groups when they are in foster care. Your little Kirkland charity is now helping over 500 foster children. Sibling House really needs your help! Please bring your donation to Coldwell Banker Bain – Kirkland (directly south of Costco) between now and September 3rd. Monetary donations can be made at Please join Coldwell Banker Bain in making the lives of these children and foster parents just a little bit easier.

“Working to keep siblings together while in foster care”

School Supply Wish List Pencil Cases – To Go Inside 3 Ring Binders Rulers – Both Standard and Metric Solar Calculators Pencil Sharpeners Pocket Folders Back Packs Plastic or Cardboard Supply Holding Boxes Flair Pens - Black 3 Ring Binders 2” & 3” (white w/plastic view on front) Red Pencils Lined Index Cards


#2 Pencils Large Glue Sticks Pink Erasers (10 Pack) Scissors (Fiskar) Pens – Black, Red & Blue Colored Pencils Colored Markers College and Wide Rule Notebook Paper College and Wide Ruled Spiral Notebooks Subject Dividers Highlighters – Pink, Yellow, Blue and Green 24 Box of Crayons

September 2, 2011 [13]

Real Estate

Business & Financial Real Estate & Professionals Mortgage Professionals Fall City’s Finest Riverfront Acreage Plus Custom Home • Workshop • Motor Home Garage Plus A 3 Bdrm, 1 Bath, Kirkland Home

Deeply experienced, savvy client advocate working with one goal in mind: Ensuring that each client’s experience enriches their lives for decades to come. What can I do for you today?

Seller/Agent 206-999-2107

Roslyn Comley


Mortgage Capital Associates, Inc.

Patrick O’Neil Sr. Account Manager (206) 930-2202 Office

To advertise, call Mike @ 425.822.9166 • • Lic # MLO#115337


Gina Brown

Senior Loan Officer




425-275-0633 • Cell: 425-766-5408 • Fax: 425-275-0649 449963

Fax (425) 576-8187 14450 N.E. 29th Place • Bellevue, WA 98007

help “Let me h you wit ur g yo financin me.” o dream h

To advertise, call @ 425.822.9166

Looking to Refinance? 30 Yr Fixed

15 Yr Fixed

7/1 ARM

4.375% 4.399% APR

3.625% 3.779% APR

3.625% 3.699% APR




directorsmortgage net STM_Kirkland Reporter_Sept2011.indd 1

APR based on $200,000 loan amount for fixed rate/APR based on $600,000 loan amount for adjustable rate. Interest rates used are from 8/29/2011, subject to change without notice. This is not a commitment to lend. Qualified buyers only. Restrictions may apply. Call for Details. NMLS-3240, CL-3240

8/30/2011 9:54:23 AM


B.H.G. Executive Real Estate



Coldwell Banker Bain President’s Circle Previews Specialist & Relocation Specialist