Madison Park Times Real Estate 06-01-21

June 2021

Madison Park Times

Serving East-Central Seattle since 1983

Real Estate

MADISON PARK - WASHINGTON PARK - MADISON VALLEY - DENNY-BLAINE - MADRONA - LESCHI www .M adison P ark T imes . com

How to take advantage of our sellers market

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he year got off to a hot progresses, the homes being listed start, and as to market couldn’t we approach keep up with summer, the market is demand. In the first still expected to favor quarter, there were home sellers, though 15 percent fewer there may be some homes listed for sale welcomed relief for than in first quarter home buyers. While 2020. Fueled by low there doesn’t appear to interest rates and be a drastic cooldown the additional lifeon the horizon, there style and economic are advantages for both factors stemming buyers and sellers to from the pandemic, jump into the market buyers entered the John Madrid sooner rather than market en masse to Property Views later. try and find their dream home.

Where we’ve been The homeowners that listed Anemic inventory has been a during this time were often problem across the nation — and rewarded with multiple ofSeattle was no exception. While fers within a few days. Overall, the first quarter of the year in single-family homes were on the Seattle typically starts slow and market on average only 26 days, gains momentum as the season compared with 36 and 47 days

Madison Park Homes and Condos Address 2400 East Howell Street #K 334 Lakeside Avenue South #404 1812 25th Avenue #C 106 26th Avenue East 2508 South King Street 1726 27th Avenue #B 913 29th Avenue South 1826 East Howell Street 112 32nd Avenue South 441 27th Avenue East 2914 East Madison Street #204 2027 42nd Avenue East 346 29th Avenue 101 MarUn Luther King Jr Way East 547 31st Avenue 526 31st Avenue South 1620 43rd Avenue East #5B 328 Randolph Avenue 2244 40th Avenue East 607 26th Avenue East 3223 East Mercer Street 1839 McGilvra Boulevard East 1612 29th Avenue 1443 Broadmoor Drive East 1231 42nd Avenue East

2 1 2 2 3 3 3 3 3 3 1 2 4 4 3 3 2 3 4 3 3 2 3 3 4

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in 2020 and 2019, respectively.

Median sales prices continued their upward trajectory, up 8.28 percent from this time last year, hovering at $850,000. With a scant .8 months of inventory, it was certainly a sellers market.

Once-in-a-lifetime opportunity to secure a long term lease in the only private residence atop Seattle’s iconic Smith Tower.

MOIRA E. HOLLEY

(Arboretum, Broadmoor, Denny-Blaine, Leschi, Madison Park, Madison Valley, Washington Park) Bed

Sq Ft

0.75 1 1.5 1.5 3 1.75 2.25 2.25 1.75 1.75 1.5 1.75 3.5 4.25 1.5 2.5 1.75 2.75 3 2.25 2.25 2.5 2.25 3.25 4.25

780 556 977 1,000 2,010 1,341 1,780 1,600 1,620 1,920 1,101 1,350 3,620 2,920 2,510 2,540 1,778 2,520 2,610 2,240 3,140 2,430 2,210 4,160 3,720

Built 1988 1956 1981 2021 1918 2015 2015 2011 1924 1912 2008 1937 2007 2017 1908 1905 1969 1940 1964 1989 1936 1931 2009 1928 2007

Days on Mkt 6 12 5 0 15 4 5 6 5 5 2 22 28 27 6 2 141 5 30 5 76 5 5 12 35

Asking Price $498,000 $510,000 $499,000 $699,000 $869,950 $799,950 $895,000 $899,000 $875,000 $995,000 $1,048,000 $1,295,000 $1,549,000 $1,499,000 $1,225,000 $1,450,000 $1,875,000 $1,350,000 $1,800,000 $1,450,000 $1,995,000 $1,595,000 $1,995,000 $2,650,000 $2,895,000

inventory available in the second quarter, and following the trend lines from year to year, that’s to be expected.

Spring and summer are popular times to list a home for sale, and proposed capital gains taxes are causing some to sell now. There has been discussion of a potential 7 percent tax on gains over $250,000 for Washington state

Sold Price $534,000 $535,000 $571,000 $699,000 $859,000 $860,000 $895,000 $921,000 $937,000 $1,230,000 $1,250,000 $1,250,000 $1,420,000 $1,450,000 $1,494,000 $1,515,000 $1,550,000 $1,557,000 $1,700,000 $1,750,000 $1,752,500 $1,805,000 $2,045,000 $2,625,000 $2,825,000

Asking vs. Sold 6.74% 4.67% 12.61% 0.00% -1.27% 6.98% 0.00% 2.39% 6.62% 19.11% 16.16% -3.60% -9.08% -3.38% 18.01% 4.29% -20.97% 13.29% -5.88% 17.14% -13.84% 11.63% 2.44% -0.95% -2.48%

and, with property values soaring, many residences throughout our region would fall subject to the tax.

With slightly more inventory available, multiple offer situations may be less likely, or, if multiple offers do occur, it may be in fewer numbers, with less-aggressive

SEE PROPERTY, PAGE 4

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JUNE 2021

True colors: Navigating the garden’s color wheel pand your options.

The first decision is pretty easy: warm or cool?

Warm colors invigorate; cool tones soothe. You can combine the two, but your combo should clearly favor one over the other, say a 70/30 percent Erica Grivas split.

Get Growing Nothing could be simpler than monochromatic themes. White gardens that shine even at night are having a mos you plan for your garden ment, but you can pick your favorite color and add complementary and its containers this foliage accents, for instance, blue year, it helps to take a with chartreuse or silver foliage. breath amid the spring frenzy of Unless you are a color virtuoso, planting and think about color. you will get the best effect with Our response to color is highly simpler combinations of two or personal, not to mention cultural. three colors plus green. Green is There are a million associations a color. Think of a spring forest you might have to colors; does exploding in countless shades, blue and gold remind you of the a French-style topiary-fest, or a gym shorts you had to wear in Zen moss garden. With one color, high school, a sunlit beach or a the texture becomes the star.

Provencal platter?

Sticking to a palette is hard, but Accordingly, choosing colors the results will look so profesfor your garden can definitely be overwhelming, as anyone who has sional you will amaze yourself.

Guess what? You don’t have to faced off with an interior paint make the whole garden a single deck knows. The good news is palette. Separated into sections, there are ways to pare down your you can offer several combinations choices, and, if you can’t make up without it turning into a free-foryour mind, like me, ways to ex-

“Everyone knows that red reads in-yourface — and that is a very good place for it.”

— Nori Pope “… the segregation of blue flowers is a mistake. They, more than any others, need the flash of scarlet, the cloud of white, the drift of apricot or buff to kindle them into life.” — Louise Beebe Wilder “I never met a color I didn’t like.” — Dale Chihuly

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1231 42nd Ave E SOLD $2,825,000

Photo by Erica Grivas Purple clematis against gold choisya is a pairing of color wheel opposites. all.

Containers are the Etch-aSketch of gardens — you can redo them as often as you like, from every few years to seasonally, and indulge in a new palette each time.

For a starting point, look at the colors of your house and the surrounding elements, like your neighbor’s purple house. Build off those. The color wheel can help.

There is even a gardener’s color wheel made by the Color Wheel

Company, https://colorwheelco. com/buy-now/product/gardenerscolor-wheel-instruction-book/, which shows more natural plantbased colors.

Colors opposite each other on the wheel offer the boldest, most exciting contrasts. To make that purple sing, throw in some yellow — purple’s complement directly opposite on the wheel — against it. Or if you’d rather play down the eggplant-colored house, go with analogous colors next to purple on the wheel or dark neutrals like brown or burgundy.

Don’t forget the changeable supporting cast; with a paint can or a new tablecloth, your patio set and accessories can sport a whole new vibe in a day.

When looking for your plants, your eye is the best judge. If the color really matters, don’t rely on names, descriptions or online photos alone — even plant tags photos can mislead, based on the print quality.

Whatever the plant marketers may say, there are precious few true blues in the plant world, such as the finicky Himalayan blue poppy. Like the adjective “dwarf ” for a 12-foot-tall apple tree, calling a plant blue may be relative.

For example, the breeders are saying this is as blue as we can find

SEE COLOR, PAGE 4

2332 42nd Ave E SOLD $2,300,000 With over 31 years of real estate experience, we would love be your real estate experts when it comes to marketing your home and purchasing a new home . We are excited to talk with you about your options!

We have a new addition to the Hinds Team, Katie Hinds!

570 Lake Washington Blvd E SOLD $2,000,000

515 Lake Washington Blvd PENDING $1,595,000

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KATIE HINDS Windermere Madison Park 206-434-5103

KATIEHINDS@WINDERMERE.COM

Pacific Publishing Company – Queen Anne & Magnolia News • Madison Park Times • City Living Seattle

JUNE 2021

LISA TURNURE REAL ESTATE COLDWELL BANKER BAIN

CAPITOL HILL SOLD | $4,900,000

SHERIDAN BEACH Available | $3,350,000

MONTLAKE AVAILABLE FOR Purchase | $2,950,000

cAPITOL HILL PENDING | $1,535,000

BROADMOOR SOLD | $2,625,000

CAPITOL HILL SOLD | $1,948,000

For more information on these properties or to see my other active listings and my recent sales, please contact me via phone or email, or see my website at lisaturnure.com.

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Sotheby’s Auction House Presents A Passion for Elegance, a single-owner collection of 25 phenomenal Rolls-Royce and Bentley Motor Cars.

SOLD | $3,500,000 2128 Broadmoor Drive East — Built by beloved, longterm Broadmoor residents, William and Mirian Collier, 2128 became available for only the second time in over 60 years. And in just one day on the market, it went under contract. Closing at $3.5M, this home not only sold quickly, but represented a new record of $1,430 per square foot in our neighborhood.

Realogics Sotheby's International Realty ranks amongst the largest most productive and fastest-growing real estate companies in Washington with access to 24,000 brokers in 75 countries and territories generating global sales of $150 billion annually.

WHAT CLIENTS ARE SAYING

Founding Member | Managing Broker Senior Global Real Estate Advisor 206.399.5842 | Laura.Halliday@rsir.com

Despite Laura's intimidatinglyfancy dress in the photo, she is actually pretty normal once you meet her. Well not exactly. We had already found the house, but brought Laura in to help represent the buyside of our deal. She is an expert in Broadmoor and came recommended by a friend of mine who already had been living there. I'd say her mean response time by phone is 3 seconds.

Text 45 seconds and email about 3.5 minutes. At all hours. She may have a small crew managing her devices in India while the west coast is sleeping.

I've bought and sold more than 15 houses in my adult life, having done fixers and rentals. Laura is the most professional real estate broker that I have ever met.

LauraHalliday.com

PENDING IN 6 DAYS 2105 Parkside Drive East — I am thrilled to share that after less than a week on the market—and before I could even get the full suite of photos back from our photographer—this George Stoddard Tudor went under contract! For obvious reasons, classical homes conceived by the famed architects of yesteryear enjoy a sacred place in the hearts of design aficionados.

A CONTINUED LEGACY

- Steve & Yukie Carrigan

The Graystone Seattle Each Office Is Independently Owned And Operated. Seller reserves the right change the product offering without notice.

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JUNE 2021

PROPERTY, FROM PAGE 1 price escalations and reduced terms that tend to favor sellers.

Buyer fatigue is also a concern right now — as many buyers found themselves on the losing end of many multiple-offer situations during the spring. That said, many buyers are feeling recharged with the start of a new season and are choosing to stay engaged.

Photo by Jessica Keller Bilingual Books Inc. owner Kristine Kershul sits next to a desk featuring various language products she has developed with her team over the last 40 years, including audio cd programs and easy-to-carry language maps.

Why you want to take advantage now Low interest rates: They have certainly been a driver for buyers to enter the market since the beginning of the pandemic.

While there was a slight uptick in rates in the early part of the year, they soon went back down to the near 3 percent.

Concerns over inflation are on the horizon, however, and if the Fed sees it as a real threat, those interest rates will start ticking back up quicker than industry analysts previously speculated.

Seattle book publishing company reaches milestone Bilingual Books Inc., Kershul celebrate 40 years in business

By Jessica Keller

Madison Park Times editor Kristine Kershul was in her late 20s when she became an author and accidental business owner.

She was teaching German to undergraduate students at the University of Washington when a colleague suggested she write her own foreign language book. The idea surprised her, although she was intrigued.

“I said, ‘I’m an academician. I don’t do commercial,’ ” Kershul said.

Told to give it a year before deciding for good, Kershul said she put together a team of colleagues, and, to her surprise, in that first year they published five books – in German, Spanish, Italian, French and Chinese.

“Now, we couldn’t do that many in a year if I wanted to,” Kershul said.

That was in 1981.

“I was 29, and I didn’t know

COLOR, FROM PAGE 2 without dyeing it. “Veichenblau” rose, known as “The Blue Rose,” is a lovely and mutable dusky violet. I love geranium “Calliope Orange,” but next to the orange Ranunculus that miraculously overwintered in my window box, it looks cherry red.

The best situation is to compare it next to your other plants before planting, at the nursery or at home because colors reflect on each other. The eye searches out

anything about publishing, but I knew a lot about teaching,” she said.

With her first five books out of the way, Kershul soon became immersed in the world of foreign language book publishing.

The premise of her books, Kershul said, is that, with a little commitment, everybody has 10 minutes a day to learn a new language.

“There are wonderful stories of people who are truly fluent in so many languages,” she said.

Early on, Kershul decided her strategy would be to produce introductory foreign language books and products that were useful, entertaining and easy to use and understand. She also decided each book would stop with the first.

Kershul said she had her students from UW in mind when deciding on her intended audience and planning the learning materials. Her UW students, she said, were learning for personal

differences, so pairing a cool red and a warm one, like a pale pink cherry tree next to a fuchsia azalea makes you wince.

Also, somehow looking at a color makes you see its complement, so placing blue next to a warm yellow will turn the yellow orange and the blue bluer. I have brought a zipper bag of leaves of the main players with me to the nursery, just like swatches from throw pillows.

There are as many “rules” as there are opinionated gardeners. If

enrichment, but the traditional coursework was not teaching them what they wanted to learn.

Her books, which start with key words like “when, how much and where” are purposefully arranged like a children’s book, include stickers to learn vocabulary and incorporate verbal recitation, as well as written exercises.

“They’re academically solid, but they’re designed for the casual user,” Kershul said, adding they are introductory books intended for people who are traveling to a different country and want to learn the basics before going, people with a significant other from a different country with whom they want to speak the language, or people who just want to learn a new language on their own.

Kershul said what she hadn’t foreseen is the books being picked up by people traveling for work, homeschool students, adult classes, gifted children, some high school classes and the military, which routinely purchases German, Italian and Japanese books, and for whom she has created

“While there doesn’t appear to be a drastic cool-down on the horizon, there are advantages for both buyers and sellers to jump into the market sooner rather than later.”

For buyers, entering the market now will mean securing a low rate.

For sellers, capturing this active audience, before they burn out and before interest rates start to tick up, puts you at an ideal advantage when it comes to listing your home. ­ John Madrid — Managing Broker Realogics Sotheby’s International Realty, Madison Park

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SEE BOOKS, PAGE 7 you can manage to keep it simple and repeat strong color themes, it will look great. I’m a fan of using long waves of color, repeating the same color or plant to create rhythm.

If you absolutely must have a riot of color, there is a way to do that, too. Pick one plant, like tulips, dahlias or cosmos, in a circus of hues, and corral them in a neat evergreen border.

When all else fails, if it looks flat, add lime — it makes everything look better.

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Pacific Publishing Company – Queen Anne & Magnolia News • Madison Park Times • City Living Seattle

JUNE 2021

Home Starts Here Your buying and selling journey is only a click away.

2307 MCGILVRA BLVD E | MADISON PARK $1,400,000 | JUST LISTED

511 W KINNEAR PL | QUEEN ANNE $3,999,998 | JUST LISTED

8456 N MERCER WAY | MERCER ISLAND $2,800,000 | PENDING

2417 1ST AVE W | QUEEN ANNE $2,100,000 | PENDING

At Realogics Sotheby’s International Realty, we understand today you are asking a lot of your home—and sometimes your home has to change to fit the way you live. The newly evolved RSIR.com offers the intelligent solutions you seek when it’s time to head out on your real estate journey. Honored as the 2020 “Best Overall Real Estate Website” by REAL Trends, you can navigate the site with confidence, leveraging the powerful search, customizable market data, in-depth community insights, and award-winning video, all in one place. A leader in global reach, RSIR.com offers a suite of online tools to help make your next move seamless. Our local real estate experts are ready to design a custom marketing program for your home. Connect with them today to receive the latest market data and take your next step.

Meet your global real estate advisors:

Cindy Paur

206.949.4497

Leslie Dickinson 206.200.2174

John Madrid

206.498.1880

Laura Halliday

206.399.5842

WE'RE OPEN ONLINE 24/7

Hoady Spencer 206.372.1092

Neda Perrina

206.218.8589

4031 East Madison Street | Visit rsir.com or call 206.466.2409

Botanical Sketching in Ink and Watercolor

Seattle Asian Art Museum Reopening

In this class you will have the opportunity to work from leaves, flowers, and other materials from your own garden. Photos featured from the UW Botanic Gardens plant collections will be introduced for inspiration. More at BotanicGardens.UW.edu/About/Events.

The Seattle Asian Art Museum is reopening, reimaginged, and reinstalled to the public on May 28. Tickets will be released every Thursday at 10 a.m. and everyone must get tickets online in advance of their visit. More at SeattleArtMuseum.org.

Each office is independently owned and operated.

Toby Lumpkin

206.786.2035

RSIR.COM

Scan QR Code to View Featured Homes Search homes and market trends in the neighborhoods you live at RSIR.com.

Seller reserves the right to change product offering without notice.

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JUNE 2021

Chris Sudore “As a Madison Park Resident, I care about your home‘s value.”

Curious what your home is worth in today‘s market? Contact us today for a free market evaluation.

Pending | South Beach | 10901SouthBeach.com | $2,495,000

Pending | Willows Bluff | $1,525,000

Active

Pending

Sold

Sold

Coldwell Banker‘s Global Luxury Team | King County Estates

Chris Sudore President/Founder of King County Estates 206.799.2244

Marta Grzankowski Sales Broker & Office Manager 425.519.3345

Jennifer Vandiver Sales Broker 509.969.6767

Chris Sudore | Managing Broker Madison Park Your Specialist In: Madison Park • Washington Park • Broadmoor • Denny Blaine • Capitol Hill • Madrona • Leschi

Ryder Fasse Sales Broker 206.351.0923

Curt Weese Sales Broker 206.454.9638

Megan Bassetti Marketing Manager

Chris@KingCountyEstates.com 206-799-2244 KingCountyEstates.com

Pacific Publishing Company – Queen Anne & Magnolia News • Madison Park Times • City Living Seattle

BOOKS, FROM PAGE 4 some of her word maps in the past.

Now, including the five original books she published, Kershul’s Bilingual Books, Inc. empire has since grown to include seven more languages in the 10 Minutes a Day series: Arabic, Japanese, Norwegian, Portuguese, Russian, Hebrew and an English book for Spanish speakers. There are also four audio cd programs for Spanish, French, German and Italian. The language maps, which feature key words and phrases in a foldable, easy-to-carry booklet, come in 20 languages, including Swahili, Vietnamese, Pashto, Polish, Dari and Farsi.

Kershul said, if she were to take on more languages, she might add Finnish, Dutch, Thai or Korean, but that is unlikely.

“The demand for those four languages is just too minimal,” she said. “It just makes no business sense to do it.”

Tourism, she said, makes up only one sector to which her books cater, with the military and education the other top sectors.

While most school districts offer a few language courses, very few, if any, offer Thai or Korean.

As well, while other languages range in popularity, Kershul said Spanish, French, German and Italian are always the most sought after among tourists and in classrooms.

Kershul said her education

has grown through the years, as well. She is fluent in German and proficient in Italian, French and Latin, but she has picked up enough of the languages to understand and get by after each project, she said.

“After we put out our first Russian book, I could knock your socks off with what I could say, but then you move on to something else,” Kershul said.

As with every industry, the coronavirus pandemic did hurt Bilingual Books, with COVID-19 grinding everything to a halt and fewer people traveling, Kershul said, but things are slowly picking back up with the distribution of vaccines and people ready to travel after being confined for so long.

“We’re still here, and all our employees are still here,” Kershul said.

Looking back on the last 40 years, Kershul said she is proud of what she has done: established herself as a book author and publisher in a mostly maledominated industry and created a company that leads in foreign language publishing. She said her interactions with customers each week, answering their questions, directing them to more advanced learning materials and hearing their stories, keep her invested and interested in continuing.

“Helping someone learn a foreign language only has a good outcome,” Kershul said.

To learn more Bilingual Books, or to purchase materials, go to bbks.com.

JUNE 2021

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Climate Pledge Arena on schedule

Photo courtesy Climate Pledge Arena Another major milestone was marked in May at Climate Pledge Arena as the concrete slab for the ice rink was poured. The arena is on schedule for its October 2021 opening. The Seattle Kraken are currently getting ready expansion draft on July 21 and are set to play their inaugural season in the fall. Climate Pledge Arena and the Seattle Kraken also announced last month the launch of “One Roof Foundation,” a new 501c3 organization that will leverage the collective resources and shared values of Climate Pledge Arena and the Seattle Kraken to advance meaningful social change, according to a press release. The foundation envisions a more equitable society and a healthy planet where everyone can realize a brighter future. The foundation will focus on three primary pillars: youth homelessness, youth access to hockey and environmental justice. To learn more about One Roof Foundation, visit onerooffoundation.org and follow along on social media.

WASHINGTON PARK $13,895,000

MADISON PARK $1,295,000

SEWARD PARK $3,395,000

WASHINGTON PARK $1,895,000

Celebrating Over 120 Years of Exceptional Service!

BETSY Q. TERRY & JANE POWERS 206.322.2840 ewingandclark.com | luxuryrealestate.com

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JUNE 2021