BELLEVUE .com
REPORTER
A DIVISION OF SOUND PUBLISHING
NEWSLINE 425-453-4270
COMMUNITY | Mudslide forces evacuation of 4 Bellevue homes, closes portion of roadway [3]
scene
THE
Arts and
entertainm
y 2012
Februar
ent for
the Eas
INSIDE TODAY:
tside
ot y; Thingeinkn love is eas Fall the planning ding perfect wed k takes wor
inentine’s Day BebraMte Vale
Cele agne and with champ chocolates de locally-ma
spas We log ve is easy at Relaxin spots these hot
Outdoors | Ranger-led walks in Mercer Slough show off Bellevue’s FRIDAY, JANUARY 27, 2012 wild side [7]
scoop: Inside
dine
| wine |
arts
| fash
ion
| lifes
tyles
■ Getting married ■ Champagne and chocolates ■ Spas to pamper you ■ Meet Pauly Shore
The Scene magazine
Real estate market may have found new normal BY LINDA BALL Issaquah/Sammamish Reporter
Eastside Academy executive director Toni Esparza stands outside the proposed girls home. CHAD COLEMAN, Bellevue Reporter
Neighbors worried about plan for at-risk teens First Presbyterian Church to convert homes for boys, girls BY NAT LEVY Bellevue Reporter
For the last few months a standoff has been brewing between First Presbyterian Church’s Eastside Academy and nearby neighbors over a proposal to provide two homes for at-risk teens. The academy has educated high school students considered “at-risk” because of poor family conditions, substance abuse, or criminal history for the last 11 years. Called Re:New Homes for Youth, the new plan would house six boys and six girls in two homes on 100th and 101st Avenue
Northeast. The program is expected to begin in February. A group of neighbors, however, are concerned. “From our neighborhood perspective, we’re looking at two group homes with only one home separating them,” said Liz Molitor, who lives down the street from the proposed homes. Molitor said a handful of residents in nearby homes were notified around Thanksgiving that the church was planning these facilities, but homeowners more than a block or two away have not been contacted by the church. Mollitor said 47 households are seeking more information, with more expected to become involved. The church held one meeting with neighbors to try and ease their concerns,
Photo Specialists
All cameras includes one year limited warranty
said Toni Esparza, executive director of Eastside Academy, with a second meeting scheduled for Feb. 8. It isn’t something they have to do to meet city code, Esparza said, but she wants people to see the homes as a part of the neighborhood, not a nuisance. “I think an important part of making it a good part of the neighborhood is making sure residents (of the two teen homes) know it’s a requirement to contribute to the neighborhood. They will not be allowed to be a resident if they aren’t contributing.” This means community service projects and volunteering, as well. Students for this program are those who face a destructive home environment either they are homeless, have dangerous SEE TEENS, 17
YOUR JUMBO LLENDING S YOUR JUMBO ENDING SPECIALIST PECIALIST • Experience
UMBO YOURYJOUR UMBOJL OAN EXPERT
ENDING PECIALIST • to no • Jumbo JumboLRefi Refi to 90% 90%SLTV LTV no MI MI • Integrity • Purchase • Jumbo Refi to to 90%85% LTV LTV no • Jumbo Jumbo Purchase to 85% LTVMIno no MI MI • Jumbo Purchase to 85% LTV no MI • Competitive pricing • • Jumbo Jumbo Loans Loans to to $2M $2M at at 80% 80% LTV LTV • Jumbo Loans to $2M at 80% LTV
B F BARRY ARRY BARRY FRIEDMAN RIEDMAN B ARRY F#F#RIEDMAN RIEDMAN Loan Offi cer Officer #MLO-110348 MLO-110348 Loan Loan Officer MLO-110348 Loan Officer # MLO-110348
425.635.4794 425.635.4794 425.635.4794 425.635.4794 legacyg.com/BarryF legacyg.com/BarryF legacyg.com/BarryF legacyg.com/BarryF
This does not constitute a commitment to lend. Program subject to change without
JUST NORTH OF BELLEVUE SQUARE. EASY ACCESS, EASY PARKING.
www.differentbydesign.com
1100 Bellevue Way NE • (425) 455-2126 www.OMEGAPHOTO.biz
notice. Individual(s) listed are employees of Legacy Group Lending, Inc., NMLS ID This does not constitute a commitment to lend. All loans subject to full underwriting approval and satisNMLS #99045, Legacy Group Escrow, LLC License # 540-EA-40580. 05/11. This does not constitute asubject commitment to lend. Program to change without factory appraisal. Program to change without notice. subject Individual(s) listed are employees of Legacy This does not constitute commitment Program toInc., change without notice. Individual(s) listeda are employeestooflend. Legacy Groupsubject Lending, NMLS Group Inc., NMLS ID #4455. Affiliated companies: Group Capital,ID notice.Lending, Individual(s) listed are employees of Legacy Group Legacy Lending, Inc., NMLS IDLLC NMLS #99045, NMLS #99045, Legacy Group Escrow, LLC License # 540-EA-40580. 05/11. Legacy Group Escrow, LLC License # 540-EA-40580. For state specifi c licensing information NMLS #99045, Legacy Group Escrow, LLC License # 540-EA-40580. 05/11. visit www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/4455. 01/12
Home sales in Bellevue and across the Eastside seem to have stabilized in 2011 with, a trend, realtors say, that may become the look of the future as buyers and sellers move into 2012. Cory Brewer, operations manager for Windermere Property Management in downtown Bellevue, said he doesn’t foresee prices jumping up over the next year, and he does not think sellers will be thrilled with what they will be able to sell their homes for. “We’re going to see more sales, but I don’t think it will drive prices up,” Brewer said in response to statistics from the Northwest Multiple Listing Service that summed up 2011. The median closing price in King Country, for single family homes only in 2011, was $340,000, down 9.33 percent from $375,000 in 2010. Likewise, the median price on condos dropped as well, from $244,000 in 2010 to $204,000 in 2011, or a decrease of 16.39 percent. Combining single family and condos, the median closing price was $311,748, down from $349,000 in 2010. The highest priced single family home in the MLS system that sold last year was in Hunts Point, selling for $14,750,000. The highest priced condominium that sold was in Kirkland, for $3,249,000. Breaking the Eastside down by school district, the Bellevue School District saw a median sales price on single family homes of $550,000 with an average (mean) of $748,455. The Issaquah School District’s median sales price was $530,000 with an average (mean) price of $567,540. The Lake Washington School District’s median sales price was $493,245 with the average (mean) sales price at $546,025. And on Mercer Island, the median sales price was $824,000 vs. $1,062,447 for the average (mean). Jon Hunter, one of the branch managers at John L. Scott Issaquah/Sammamish Real Estate, thinks people will start to move on with their lives this year. “People are seeing a new paradigm,” Hunter said. “The dust is starting to settle.”
Linda Ball can be reached at 206-2321215 ext. 5052.