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February 2009

Supplement to Kirkland Reporter

Get Ready – Spring is Near! The economic outlook for real estate is never just black and white — you’ve got to look at the encouraging signs — along with the bleak — if you want a realistic picture. Despite these challenging economic times, existing home sales will be rising. Why? The answer, in a word: affordability. Currently, the most important factor driving home sales is affordability. Debbie Walter With home prices falling in many parts of the country Realtor® - RE/MAX NW and mortgage rates still near historic lows, affordability conditions have markedly improved. Even with rising unemployment, nearly 93% of households will have jobs. These 93% of the working households (rather than 95% during good economic times) respond to home buying incentives. I say this because we have history as a lesson. Back in the prior recession (2001-2003) the economy shed nearly 2 million net jobs. Even during those years, existing-home sales rose from 5.2 million to 6.2 million just as jobs were being cut. New home sales, likewise rose from 900,000 to 1.1 million. Mortgage rates were falling. Housing affordability increased. While those 2 million job cuts were painful, the economy still had 130 million job holders. And given the right incentives, they purchased homes. Measures such as the recently enacted first-time homebuyer tax credit and a larger number of mortgage loans that qualify for purchase by Fannie Mae See ECONOMICS, page 6

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2 | A great place to call home

Kirkland Reporter - February 4, 2009

What’s In, What’s Out with Home Buyers in 2009? their agent look at closed comparables, set a price, then the buyer and their agent agree or disagree, but in the end, a mortgage lender and their appraiser will set the price, as they are assuming the most risk in the transaction. • Balanced reporting by real estate and personal finance journalists. Consumers learned in 2008 that the ‘doom and gloom’ residential real estate market headlines don’t apply to all markets. What’s been lost in the foreclosure hype is that there are still stories of homes selling in short market times (in as little as 3 days), homes selling at full price and some selling with multiple contracts on the table. Existing home sales will be 5.02 million versus 5.652 million for 2007, a decrease of just over eleven percent, considerably less that the recent correction in the U.S. stock market, plus a realistic view that over five million people purchased a home despite the headlines in 2008. • Creative home seller financing. Exhausted home sellers are turning to self-financing to move properties. Installment sale contracts and lease to own are the most popular and effective ways for sellers to begin to receive income from a property that has languished on the market in 2008. • Property tax appeals. With home prices dropping, many

savvy home owners are appealing their property taxes. This is especially attractive to those looking to sell their home in 2009. With a competitive marketplace, those with the most realistic taxes are more likely to offer buyers an overall lower expense in home ownership. • House therapists. Divided partners in a home are increasingly relying on an independent third party (house therapist or coach) to bring household relationships to common ground on such prickly issues such as to stay or move, how much to spend on remodeling or decorating, or spending nothing at all. Third parties can outline the benefits and pitfalls of over-spending on a new larger home or weighing in on a spouses desire to over-improve for the neighborhood. With less equity and with the financial stakes higher smart couples hire a home therapist to wrangle concessions and agreements out with their significant other instead of doing damage to their relationship by going head-to-head with them. • Architectural overhead garage doors. After years of bland vanilla garage doors, the architecture has permeated the door most people look at the most. Traditional styling has arrived with mullioned windows, faux wrought iron hinges and latches that provide the original non-overhead garage

Mountain Views in Houghton!

Sarah Reed

ABR, CRS, e-PRO, SRES, GRI, Platinum Producer

206-226-0226

www.SarahReed.com

Freshly updated, 2 bdrm top floor end unit condo ready for the new owner. Olympic Mt views and gorgeous sunsets are yours to enjoy from the private deck and dining room. A stones throw from new Google complex, Starbucks, PCC. Private BBQ Deck, vaulted ceilings & wood burning fireplace. Small & well managed 22 owner complex with huge pool, low dues, pet friendly. New Price-$265,000

Location + Value=Awesome Deal! You won’t find a nicer, lower priced newer 2 bedroom in such a coveted location. Quiet & sunny condo facing the greenbelt and sunsets. Spacious living room, nice big kitchen, tons of windows & storage, oversized bathroom, master with walkin closet. Security building. 2 Car Tandem garage & additional huge, secure storage unit. Just down the street from new Google & Microsoft, Costco, Downtown Kirkland waterfront. ADA capable. ARCH Housing Program guidlines apply. $239,000

door look. Contemporary looks now include the adjacent siding applied over the door for a seamless look, much like the panels installed on refrigerator doors to complement cabinets in a kitchen. • Loveseats. A pair or trio is gaining acceptance as the functional way to rearrange a living or family room. Consumers appreciate the ease at which they can rearrange them, move an extra one to another room, or provide long-term furniture flexibility in future homes. Plus, they’re tired of sitting miles away from others on over-sized sectional sofas. • The master bed as a throne. With consumer spending down and more nesting at home, home owners are focusing on making their bed like an at-home luxury hotel experience. Posh linens, pillows and mattresses create a getaway without leaving home. • Older war-horse appliances. Collectable, working appliances form the 1940’s through the late 1980’s have found a new niche among homeowners who appreciate their rock-solid construction and durability. Harvest gold double ovens from the 1970’s have been repainted a metallic red and go from boring to bold. Cold spot refrigerators from the 1950’s refinished in sky blue perks up the butler’s pantry in suburban home. And, the early 1960’s dryer that looks like it’s from a Jet son house

painted pink to match punches up the in-unit laundry room in a condominium. • Dining chairs that don’t match. With consumers watching their non-essential spending closely and electing to stay home to entertain friends, many have found a quick pick-me-up for their dining room suite, mismatched pairs or single chairs. What’s OUT • Fixer-upper homes. With larger down payments required by mortgage lenders and consumer credit cards mixed out, home buyers want a home in move-in condition. • Foreclosure fluff. The foreclosure rate nationally in 2008 was just under 3 percent. In the Great Depression it was just over forty-percent. • Home buyers endless “circling” prospective short-list properties. Overly optimistic thinking by buyers to circle a preferred property indefinitely, often for months, waiting for further price reductions or to wear out long weary sellers. This practice has backfired for buyers who practice this style of pre-negotiating. They often loose their short-list dream home and frustrate savvy priceright sellers. Ditto the bottomfeeder buyers. • Indoor-outdoor carpet. • Track lighting.

Just Listed in Downtown Kirkland The location you desire & the luxury you deserve! The most desired floorplan in this contemporary complex, an unmatched location in quiet courtyard for maximum privacy. 2 large West facing private patios take full advantage of the sun. Grand open, flowing floorplan designed to maximize entertaining. Stainless + Granite! Large Master Suite features Walk-in & spa inspired 5 piece salon w/giant spa tub to spoil you. 2nd bedroom is sizable w/walkin closet. 2 large full baths Den office w/built-in storage & shelves. $689,000

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Gorgeous newer 3 bdrm 2 bath, 2 car gar townhome at Taluswood super close to Microsoft, and Redmond Town Center. Brazilian Cherry Hardwoods, 9’+ ceilings, granite counters, stainless appl, fenced backyard with BBQ deck, hi tech wired & surround sound. Well managed & maintained complex, pet friendly. Location & Luxury in one place. New Price $359,900

177509

Mark Nash Realty Times Mark Nash, author of four real estate books, has completed his annual survey of 839 real estate agents in all fifty states in the US and the eight provinces of Canada. What’s in, what’s out with Homebuyers illuminates what’s popular or what sours homebuyers in both the home purchase or sale transaction and home decor. Compiled annually from-thetrenches, it offers a spectrum of tips that cover reality of buying a home and design no-no’s for home sellers and buyer musthaves. What’s IN • Sidelined home buyers. Family or lifestyle additions or changes made in buyers households in the last three years are forcing those waiting out the market transition to finally get off the fence and say, it’s time for our family to buy the new home that suits our new needs. • Home uplifts. Not a big renovation, but some new finishes that can visually holdover stay-put home sellers. Not a gut rehab to the studs new kitchen, but new flooring, countertops and appliances. • Collaborative home pricing. The old days of home sellers configuring a homes price are out. What’s new is that the seller with


A great place to call home | 3

Kirkland Reporter - February 4, 2009

Hello and welcome to Home Improvement I am looking forward to sharing with you the latest news and trends related to maintaining and upgrading your home over the coming months. Being in the home remodeling Len McAdam business continues to be an interesting and challenging career for me and my team. Please join us for each new issue. Owning a home has been, for most of my adult life, an achievable American dream. I struggled to buy my first home over 40 years ago and have been owning, fixing, and enjoying my slice of the dream ever since, and for most of that time cooking one up for a client or two. In this issue we’ll talk about three major areas of concern for any of us who own a home or are considering a purchase: routine maintenance, major repairs, and improvements to adapt your home to changing life stages. For most of us, our home is our greatest asset and if we have lived there for very long, it’s a bit like our favorite pair of shoes. It fits our life, gives comfort and protection, and with a certain amount of polish and repair will last a long time. Just like shoes, even the best built houses will not last forever, but there are homes in Europe that

have been continuously occupied for hundreds of years. The path to a long useful life for buildings is a pattern of gradual upgrades and replacements. To cite one example, consider a gas fired furnace quite common in our area. Many of these units installed over 20 years ago are still in use, sending 20 to 30 percent of the energy we buy up the chimney. Combine these losses with poorly insulated leaky ductwork and half

so farfetched. Yet few owners spend nearly that much, and many younger, cash-strapped households go years with almost no repairs or upgrades. For the past decade such neglect has been “bailed out” by housing inflation, but it is no longer possible to pass on neglect to the next owner or pull “fix up” money out of miraculously growing equity. Just ask a neighbor who is trying to sell a home in this difficult market. Prospective buyers are very wary of taking

“According to many experts, we should budget 3 percent of our home values for maintenance and routine replacements...” of your gas bill is wasted! Worse yet these obsolete heating units often have cracked or corroded heat exchangers that threaten us with carbon monoxide poisoning. As technology improves and energy costs rise, it probably makes economic sense to upgrade your heating system every five years. Meanwhile, most of us don’t even look at the furnace as long as warm air comes out of the registers and the thermostat works. According to many experts, we should budget 3 percent of our home values for maintenance and routine replacements. That seems like a lot at first, but if we consider the useful life of the roof, the furnace, the deck, the kitchen and so on it may not be

on a house full of deferred maintenance or worn out systems. So far we have only talked about “staying even,” but growing (or shrinking) household size and other lifestyle changes can be strong motivations to expand or modify our home. For younger families with children there doesn’t ever seem to be enough space, and then they grow. And the number of us whose parents are moving in continues to grow steadily. Home offices, entertaining, hobbies and the like all compete for space and features. These situations often bring up a major family decision -- whether to move to a different house or stay and remodel. In future articles we will look

at these options in detail, considering the economics as well as the various design and construction services it takes to expand or renovate part or all of your current home. What we can say today is that remodeling is sometimes the best way to keep what you value most, whether that is the school district, neighborhood, view, or something more personal. For example, several clients have remodeled their parents’ old homestead so the next generation could continue to live there. As “irrational exuberance” is replaced by honesty about housing values, I believe our motivation to move will be tempered by a desire to better care for and enjoy the family homes where we already live. And we can expect wellcrafted investments in home maintenance and upgrades to pay off in better prices and shorter time on the market when it is time to sell. Our current exposure to the foreclosure crisis and its impact will pass, and the lessons learned will ultimately strengthen our economy and the wealth of our nation, a nation of home owners. Len McAdams is President of McAdams Builders, Kirkland based Design/ Build Remodeling company, for over 30 years. He can be reached at 425-8226555 or www.mcadamsbuilders.com

Modern simplicity, organic fusion, intoxicating volume - extraordinary lake views. Luxurious master w/balcony, flex room, limestone-wrapped bath. Dream-inspired kitchen. Moon-lit covered deck w/stone FP, 1058 sf rooftop deck, trio of extra bdrm suites, roomy 4-car gar. Smart wired for lights/sound/media. Ultimate theatre room. Private, lush bkyd & patio, backs to greenbelt. Custom designed by Robert Maloney Architects, expertly crafted by Duren Homes. Refresh. Recharge. Renew.

177529

Offered at $2,495,000


4 | A great place to call home

Kirkland Reporter - February 4, 2009

Real Estate Sales in Kirkland, WA December 16, 2008 - January 15, 2009

Residential Housing in 98033 11708 NE 98th St 128th Ave NE 8021 124th Ave NE 7010 126th Ave NE 8008 122nd Ave NE 10612 106th Pl NE 6125 133rd Ave NE 4611 108th Ave NE 432 11th Ave W

$300,000 $395,000 $715,000 $727,000 $732,000 $755,000 $775,000 $880,000 $1,050,00

Residential Housing in 98034 10219 NE 129th Ln 10645 NE 116th St 14346 113th Ave NE 9305 NE 128th Ln 9812 NE 130th Pl 13500 131st Pl NE 13822 127th Ave NE

$270,000 $345,500 $359,900 $362,500 $369,500 $378,500 $379,000

14252 120th Pl NE 13825 128th Ave NE 14146 117th Pl NE 12426 93rd Ave NE 11704 NE 148th Pl 8028 NE 126th St

$388,000 $395,000 $399,000 $435,000 $525,000 $920,000

Residential Housing Averages Average. List Price - $567,695 Average Sales Price- $538,905

Condos/Townhomes in 98033 6333 Lk WASH Blvd 11312 124th Ave NE 820 3rd Ave 300 7th Ave S 108 2nd Ave S 225 4th Ave 735 1st St S 5404 Lk Wash Blvd

$255,000 $300,000 $303,000 $407,500 $500,000 $560,000 $600,000 $855,000

put our knowledge ON YOUR SIDE

Gary Penitsch

Teri Lane, ASP

gpenitschs@cbbain.com

terilane@cbbain.com

Condos/Townhomes in 98034 12604 NE 119th St 14331 124th Ave NE 12415 NE 130th Ct 12527 NE 117th Pl 12728 NE 144th St 11313 N 128th St 10219 NE 129th Ln 9812 NE 130th Pl

$167,000 $175,000 $178,000 $180,000 $220,000 $226,000 $270,000 $369,500

Condos/Townhomes Averages Average. List Price - $356,695 Average Sales Price- $538,905

Kirkland Real Estate Next Issue Date March 4, 2009 CBBain.com/homes

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4 bdrm. 3 bath. Reverse floor plan w/master on main. Remodeled throughout with all high end designer finishes. Abundance of light from huge picture windows & skylights. 2 private entertainment size decks. Slab granite & SS appl. Dead end street. Walk to everything Kirkland has to offer. #29010391 177503


A great place to call home | 5

Kirkland Reporter - February 4, 2009

Ken Nash 206-919-3167 (Direct)

See all of my listings online at www.KenNash.MyWindermere.com

Windermere Real Estate, NE Inc.

11411 NE 124 St. Suite #110 Kirkland, WA, 98034

Light-Filled, East of Market, Lake View Home - $1,000,000

3330 Sq Ft/3 Bed/2.5 Bath/Formal Living & Dining Rooms/Family Room Den/Bonus Room/3 Car Garage/2 Decks & Patio

Portsmith Penthouse with Panoramic Lake Views - $1,050,000

2 Bed/1.75 Bath/Formal Living, Dining & Family Rooms/Gourmet Kitchen Unsurpassed Building Amenities/Across from Kirkland Marina

New Construction: West of Market Craftsman - $1,294,950

D L

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O S

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6 | A great place to call home

from page 1 and Freddie Mac and through the FHA program will further bring homebuyers to the marketplace. Take this week’s mortgage market numbers: Applications for purchases of homes were up 8.1% last week, according to the Mortgage Bankers Association of America’s national survey. Purchase applications using FHA-insured mortgages — the hottest game in town — were up by 15.2%! Part of the reason for the application jump: Mortgage rates continue to hover just half a point over 40-year lows. Fixed rate, 30-year loans last week averaged 5.125% according to the survey. Fifteen year fixed rates averaged just 5.00%. If you’ve been waiting to get through the elections and closer to warmer weather before beginning the search to buy your first home, you may want to start now with a game plan. The traditionally busy

spring real estate season is just around the corner, meaning competition looms, even in a market like we have today. There are things you can do as a potential homebuyer to get a head start. So with that in mind, the competition to buy may be tougher than the average buyer thinks. It’s already gaining momentum in some regions. There are some things you can do to improve your chances of landing in a home, including: • Get a copy of your credit report. Potential lenders will view your credit history - how much debt you’ve accrued, how many accounts you have open, whether your payments are made on time, etc. - to determine whether they’ll give you a loan. There are three credit reporting companies: Equifax, Experian, and Trans Union. You should get a report from each company to make sure they’re accurate and clear up any problems before you apply for a loan or make an offer on a house. • Determine how much you can afford.

Don’t consider how much a bank will approve you for, but how much you can afford given your other bills, expenses, and

The traditionally busy spring real estate season is just around the corner, meaning competition looms, even in a market like we have today. long- and short-term savings goals, including retirement, college for the kids, vacations, etc. • Figure out how much you have for a down payment. NAR says first-time buyers typically make a down payment of 5%-10% on a home purchase, and 24% of down payment funds were gifts from relatives or friends. If that’s not an option, there are many FHA loan programs that accept 3.5 – 5% down payments.

Five Reasons Houses Beat Stocks Blanche Evans Realty Times Despite what Wall Street wants you to believe, owning a home isn’t the same kind of investment as stocks or bonds. What you get is a USE asset that depreciates over time, while it grows in market value. All you have to do is keep the home in good repair to max out your take. Here are five reasons why you get more for your money with a house than a worthless sock puppet. Leverage With stocks, you put in all your money for a little piece of a company. With a house, you put in a little money to get all of the house. Tax benefits Uncle Sam knows that owning a home is a pain in the neck, that’s why you get subsidies. These are basically government bribes to get you to buy. What other investment can you put in 5 percent of the cost of the asset, reap all the appreciation and pay no capital gains? That’s right: live in your home two years, rent it for three, sell it, and pay no tax on capital gains up to 250,000 for singles, $500,000 for married couples. And you’re worried about paying too much? And that’s not all - think about the benefits of fixed-rate mortgages, property tax write-offs, interest rate deductions, depreciation. Is this a great country or what?

• Research on the Internet. Look at the Multiple Listing Service to find houses you like in neighborhoods you’re

When you buy stocks, you’re paying some CEO 500 times the average worker’s salary for results you’d lose your job for. With a home, you have control - what you buy, how much you pay, and where you live. You can improve the value with repairs and updates. Compare that to getting heard at the next shareholders’ meeting. Lifestyle Do you want to look at a dumpsite or your children playing in their own back yard? With a home, you’re purchasing a vantage point for yourself and your family. The neighborhood you want to be in, the size and style home that fits your needs. And the more wisely you choose, the better off you are. Value Unlike our little sock puppet friend, your house will seldom become worthless. Barring a catastrophe, your home will retain a major portion of its value, even in the worst of times. So don’t freak out about a losing a few percent this year. You’ll make it up. Housing has lost value only one year out of the last 35. It’s more normal to beat inflation by one to two percent. Let’s get a little perspective here. You lost a greater percentage on the stock market this year than if you owned a house. You lost more on your SUV. And you sure lost more on your iPhone. And keep this in mind -- when it rains, which would you rather have over

eyeing. This will also give you an idea of how much sellers are asking for listed homes. • Start interviewing agents so you’ll have a good one when the time comes to start looking. Get referrals and select someone who knows your market and the neighborhoods you prefer. A good agent will notify you as soon as a home that fits your criteria goes on the market and stays on top of the listings on a daily

basis and calls you the minute a good match shows up, especially in communities where homes still sell quickly. Remember, it is important that you choose an agent that you trust and will be comfortable working with. You will want an agent that will be working FULL TIME for YOU and in YOUR best interest. •Pin down the basics, specifically the neighborhoods you like that will accommodate your family’s needs, including commute to work, schools, recreation, shopping, and, most importantly, are in a price range you can afford. • Have an open mind. It’s easy to start looking at houses and get discouraged because you don’t see anything that matches your vision of the perfect house. But be open to a home’s potential. Remember carpet and flooring can be replaced, walls can be painted, and a dreadful kitchen can be updated. Think about whether the floor plan will work for your family. Even though sales are expected to rise, the

increase would be more certain – and more robust — with an additional stimulus to boost home buying so Congress is working on a few great ideas. Removing the repayment feature of the homebuyer tax credit and raising the loan limit higher could help achieve the boost. Once housing gets moving, then the economy can get moving as well. In conclusion, the best news out of our forecast is that affordability will continue to improve. NAR’s housing affordability index is expected to average 18 percentage points higher this year than in 2007. That is good news for potential home buyers and great news for the economy. For further information or suggestions on future topics, please contact Debbie Walter @ www.DebbieWalter.com 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).

Kenmore - $399,950

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Stunning Carnation 4-Bed/2.5-Bath/2300 sqft on level 1/2 acre. Open design with Great-Room concept, gourmet state-of-theart kitchen with SS appliances/granite counters. Master with 5-piece bath+walk-ins. MLS # 28199005

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®

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165185

Economics

Kirkland Reporter - February 4, 2009


A great place to call home | 7

Kirkland Reporter - February 4, 2009

Real Estate Professionals www.MelindaSkogerson.PNWrealty.com

KEITH CHILDRESS

REAL ESTATE PROFESSIONAL

Your Local Advantage. 206-390-9722 (Direct)

Prudential Northwest Realty Associates, LLC Fine Homes International Division

Windermere Real Estate/SCA, Inc.

Melinda Skogerson Vice President Fine Homes Specialist

Bus 425-822-9600 Cell: 425-458-4142 5914 Lake Washington Blvd., Kirkland, WA 98033 An Independently owned and operated member of Prudential Real Estate Affiliates. Inc.

165230

165231

www.keithchildress.mywindermere.com

G.G. Getz... Results!!!

Associate Broker, CRS, GRI, ABR, ALHS

425.822.5100 cell 206.915.7777 gggetz@gggetz.com www.gggetz.com

Patrick O’Neil Sr. Account Manager Fax (425) 576-8187 14450 N.E. 29th Place • Bellevue, WA 98007

Windermere Real Estate/East, Inc

Email: Poneil@landam.com

165228

165236

(206) 930-2202 Office

Laura Westlund Realty Inc

Thinking Of Buying Or Selling?

“Kirkland’s realtor for 30+ years” 1320 Market Street, Kirkland 98033

Todd and Candis Brink, CRS 425-821-3992

425-827-6676

www.Laurawestlund.com

165238

www.ToddandCandis.com RE/MAX Northwest Realtors

165215

• 2006 Five Star Real Estate Agents—Best In Client Satisfaction • Life-long residents of Kirkland

Realty Inc. and Assoc

STACY BOUSKA 425.891.8140

165218

165225

STACY@STACYBOUSKA.COM WWW.STACYBOUSKA.COM

See my list of Kirkland’s Hottest Buys at www.kirklandstyle.com!

425-803-0294 Real Estate Center

VALERIe DALA REALTOR®

objective information = informed decisionsTM

Windermere Real Estate/East, Inc

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165201

Private tours of bank owned & short sale homes available.

(4 2 5 ) 7 6 6 -8 0 1 9 n a t a s h a @ windermere.com

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twist of green.) 177280

(Traditional homes and those with a


8 | A great place to call home

Kirkland Reporter - February 4, 2009

Kirkland/Yarrow Bay Office 3933 Lake Washington Blvd NE, Suite 100

425-822-5100

Windermere Real Estate/East, Inc.

G.G. Getz 206-915-7777 www.gggetz.com

Heidi Bright 425-820-5343 www.bigdogrealty.com

Kathryne Green 425-766-1315 kathrynegreen@windermere.com

Marilyn Carroll 425-444-6910 www.marilyncarroll.com

Kathy Magner 425-803-9457 kathy@kathymagner.com

Craig Gaudry 425-576-5555 craig@gaudry.com

Carlene Sandstrom 206-910-366 www.carlenesandstrom.com

HOUGHTON

$2,495,000

$1,575,000

Modern simplicity, organic fusion, intoxicating volume & extraordinary views. 4 bdrm, 5 bath, den, media/ bonus, 4-car garage, 1058 sf rooftop deck, backs to greenbelt. 2 blks to the lake. www.kirklandstyle.com NATASHA BOSCH 425-766-8019

WEST OF MARKET

$1,999,000

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DOWNTOWN KIRKLAND

DOWNTOWN KIRKLAND

$1,550,000

WEST OF MARKET

$1,295,000

HOLMES POINT

$999,000

KIRKLAND TOWNHOME

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Panoramic Views! Brand new condo alternative, elevator ready w/great room, large decks, 3 bdrms + office. High-end Jet City Development finishes throughout. HEIDI BRIGHT 425-820-5343

KIRKLAND NEW CONSTRUCTION $799,000

Hurry! Last remaining home in Wexford Court. Award winning builder Hamish Anderson Custom Homes, Inc proudly presents this new 4 bdrm, 3.75 ba, den/office + bonus rm twostory home in a great close-in location. www.Gaudry.com CRAIG GAUDRY 425-576-5555

Sunlight bathes this 4 bdrm charmer, nestled in a park-like setting w/amazing landscaped yard. Views of city, mtns, Lake WA & sunsets. Two-story entry, hdwds, media rm plus den, A/C. 2 Car Garage Alley Access. KATHRYNE GREEN 425-766-1315

Private home on rare 9,000 sq ft corner lot w/partial lake & mtn views. Chef’s kitchen opens to inviting family room w/stone fireplace. 4 bdrms, w/5th bonus or bdrm option upstairs & den downstairs. KATHRYNE GREEN 425-766-1315

DOWNTOWN KIRKLAND

$675,000

Townhome right in the heart of dwtn! Completely renovated exterior. Multiple decks present a panorama of terr, lake, mtn. & city skyline views. 3 bdrm, 3.5 bth +/-2000sf + 2 car gar. www.marilyncarroll.com MARILYN CARROLL 425-444-6910

Piece-of -Art Contemporary with State-of-the Art View. Plunge yourself into the view & your toes into the lake! Seconds from Kirkland waterfront fun. 4010 sq ft of interesting curves & angles. 915 1st St S; Kirkland GG GETZ 206-915-7777

Walk to Denny Park, gourmet chef’s kitchen, main floor master ste w/5 pc Bath, lower level ideal for wine cellar/media room. Perfect for the most discriminating buyer. www.kathymagner.com KATHY MAGNER 425-803-9457

Downtown Kirkland location! Duplex/townhome with NO HOD! Mountain, lake & city views. 2,104 sq ft, 3 bdrms, 2.5 baths, 2 car gar. New SS, granite & marble interior. Elegant master ste w/5 pc bath. CARLENE SANDSTROM 206-910-3662 177492

Natasha Bosch 425-766-8019 www.kirklandstyle.com


Kirkland Real Estate February 2009