A little kept secret by the locals, Meadowbrook is one of those neighborhoods you can’t help but fall in love with. You won’t find any cookie cutter homes here. Enjoy private lots with mid century, ramblers, or craftsman homes, a bird sanctuary with lush trees and creeks, and walkable to shops and grocery stores. The Fiddler’s Inn, Javasti Coffee, The Strutting Owl, and of course the Wedgwood Ale House are just a few of the locals’ favorites.
The affordability is out of the park too. Average square footage is 2000 square feet compared to Green Lake’s average 1480 square feet.
You’ll see homes typically priced in the $330,000 to $530,000 mostly for a 3 to 5 bedroom home. Great schools close by such as Wedgwood Elementary, Nathan Hale High School, and now Jane Adams middle school, home to the new APP program. Right across from the Meadowbrook Community Center is the most beautiful Meadowbrook Pond complete with eight different types of fish, eleven types of mammals, a plethora of birds like bald eagles and blue herons, amphibians, and invertebrates. It’s like a little bit of country but still within the city.
Meadowbrook is one of the great northeast neighborhood and just 3 miles from Green Lake, blocks from Wedgwood and down the hill is Matthews Beach! You’re still within minutes to the Burke Gilman Trail and Matthews Beach.
If you’d like more information about Meadowbrook, Wedgwood, View Ridge, Matthews Beach and other Northeast neighborhoods, drop me an email at email@example.com
It’s been a good year for real estate. Sellers are happy to receive higher than list price for their homes. Buyers are happy to, well, have found a home with multiple offers. Real estate professionals are happy to see the upswing in median home values to the tune of 7.5% from last year at this time. If you remember, July 2007 was our peak with a median price of a single family home was $481,000. Wowsers. The low was back in February 2012 at $308,000. Now we’re resting nicely at $455,000. Home values have steadily increased since the 2012 but not so fast that we see double digits.
North King County, including Green Lake, saw the highest percentage of closed home sales with 40% growth from November 2012. This would make sense with the low (two months) of inventory we’ve consistently seen through this year. Six months or more of inventory is considered a buyer’s market. Anything less is a seller’s market.
Condos really did great this year of 2013. The median price for condos in King County jumped 17% from a year ago.
Green Lake has 18 active single family listings right now – with 7 being townhomes. I’ve seen it fluctuate between 33 and 18 active listings this year and the homes have been selling quickly with offers being reviewed in 7 days or less. Yes, it was a great time to sell and likewise buy since the sale of your home usually brought in $10k to $80k more than list price.
This is a perfect example of why, if you’re a home owner or own a rental, you should keep up on any deferred maintenance. By keeping up on the general maintenance, it could save you weeks of market preparation AND the difference of thousands of dollars – particularly during a buyers frenzy. Always be ready to sell! So are you?
Green Lake Open Sat & Sunday 1-3 PM
Interested in living in one of Seattle’s hottest neighborhoods? Want to live just a block or so off the highly acclaimed Green Lake? If you want to take a peek BEFORE the open house and beat the rush of traffic, let us know and we can get you in. firstname.lastname@example.org
From the listing remarks:
Freshly painted inside & out, welcome home to this light & bright home just a block up from Green Lake! Large yard w/ lush mature plantings & garden space, + detached garage for your toys. Main level boasts a covered porch, hardwood in living room, fireplace, nice sized bath, & kitchen. Upstairs is a surprise w/ hip studio w/ bamboo floors and nice spaces. Basement offers room to grow + finished shop already plumbed for dark room (or create another bath). Peek a boo views of the lake, too! also: 2nd Kitchen, Dining Room
Additional Information on this Green lake home for sale:
- Property DescriptionCable TV, High Speed Internet, Outbuildings, Shop
- Built in 1925
- ViewLake, Partial
- Lot Size0.11 Acre (4,675 SqFt)
- Garage Size1 Car
- Fireplaces1 Fireplace
- Heating/CoolingForced Air
- RoofComposition Roof
- FlooringConcrete Floor, Hardwood Floor, Laminate
Green Lake Seller Alert:
There is a demand for Green Lake homes. We would like to offer you a clear plan on selling your Green Lake real estate.
A recent Cooper Jacobs Green Lake sale
Combined with historic low interest rates and low inventory, June 2013 proved to be a huge gain in Seattle’s real estate market compared to a year ago. Green Lake, and the neighboring communities, made big strides.
The combination of closed condos and single family homes for King County in June gained 14.08% from a year ago. I believe once July’s numbers are disclosed, the percentage will be even greater since I’ve seen some impressive competing offers and pending (to close) sales for July are already over 10% for King County.
Green Lake had 42 sold homes in the last 31 days. The median home selling in Green Lake was nearly 2,000 square feet, averaged 14 days on the market, was listed for $564,592 and sold for $578,253 or 2.86% over asking. High sold property in Green Lake was $1.36M and lowest (which was a condo) was $265,000.
Whether you’re a buyer or seller and would like more info on Green Lake and surround neighborhoods, feel free to call or email me.
Molly Cartwright, Broker
206.841.6800 direct line
Is Seattle’s real estate turning into E-Bay?
It’s a fact that Seattle’s real estate market is looking more like spring time in the Pacific Northwest; not the quiet winter month’s people tend to expect. Buyers are out in full force and it’s not unusual to have 100 buyers through a Saturday or Sunday open house. This is simply due to supply and demand: low inventory of homes for sale. Are buyers frustrated or has it become the norm? Is Seattle real estate turning into E-Bay?
I couldn’t help but smile when my client asked me if the property I was showing him was going to turn into an E-Bay auction. The property was a luxury home and on the market for less than 24 hours. I simply told him “yes”. I then followed by “but what do you have to lose?” If you don’t try then you’ll never know.
Here’s the deal: buyers will either see a new listing (priced accordingly) and the listing agent delays reviewing any offers after 6 days of market exposure. Or buyers will see a new listing where the listing agent omits this remark and its first come, first serve. I’ve sold several homes by just being first in this instance. It saves buyers a lot of money and anxiety. Thankfully I’ve had buyers who are accessible and are motivated to meet me at the property very quickly. If you run into the first scenario, however, chances are the property will most likely go to “the highest bidder”. So how do you get there?
Have a buyer’s agent who is on the ball and can educate you about the market. I’ve seen things selling for about 7% over list price or about $50k. Obviously buyers need to have their finances together. I haven’t seen an FHA in a long, long time. Everything is conventional or cash now. Good thing interest rates are crazy low right now. Get the home pre-inspected IF IT MAKES SENSE TO. If it’s a short sale, probably don’t need to get it pre-inspected. Buyers: if you can’t go enough above the list price (and this is where a good buyer’s agent comes in) then don’t waste $300 to $500 for a pre-inspection. There are other terms and conditions and of course every situation is unique. Feel free to contact me if you’d like more market conditions or making your offer stand out.
I don’t see buyers getting frustrated, at least not the buyers I’m working with. I see more buyers making more offers and if I didn’t know better, I think they’re enjoying the excitement.
Oh and my client with the E-Bay question got the house of his dreams, with multiple offers and his family moves in next month.
See ya next time,
Molly Cartwright, Broker and Green Lake resident
How To Buy When You Already Own
Do you own your home or condo but want to sell it and buy something with more space, a different location, or perhaps a view?
One option is to take out a HELOC. A Home Equity Line of Credit (ask me for a lender with great programs of these right now) lets you take out a certain percentage of your home’s equity to use as a downpayment on your new home. To find out how much equity you have, contact a Realtor, like myself, to research the value of your home (it changes ALL the time). If you have a certain percentage of equity, you can qualify for a new loan. And if you’re preapproved for your new home loan, I can get the home you want to sell prepped for the market pronto!
Another option is a bridge loan. A bridge loan has some ramifications though. They generally tend to have higher interest rates and need to be paid back in a specified amount of time. It’s like a short term loan on your current property to buy a different property. It’s all about timing with a bridge loan. You can find out more about bridge loans HERE.
You can always make an offer contingent on your home selling. This is perhaps the option offering the least amount of risk. Of course with our current market today, properties are moving fast and a contingent offer isn’t as clean as an offer with a definitive close date, for example. But if are you a homeowner considering the contingent offer option, consider the right list price and a home in tip-top shape, it won’t take long to sell.
molly a. cartwright | seattle realtor
cooper jacobs real estate, llc
“Serving home buyers and sellers in Seattle’s most popular neighborhoods”
Do you ever wonder how this real estate stuff works when you buy or sell a home? Who pays who in a real estate transaction?
Over the years, I’ve had plenty of buyers ask me how much my realtor fees are if we work together. Likewise, I’ve had sellers shocked to find out what they have to pay for excise tax in our city. A seller’s net proceeds or a buyer’s closing cost worksheet are always in my back pocket to get down to an approximate number. Traditionally the commission percentage (which can vary) come from the seller’s wallet (sorry guys)…but that’s not to say there can be different scenarios.
So why am I a buyer’s agent? First of all, I absolutely love working with buyers! And secondly I LOVE looking at homes. I listen very carefully my clients. First we have to get through the NEEDS and then we talk about the WANTS. I love the satisfaction of walking into a home with my clients and they instantly fall in love with it. But more times than not, there are compromises so I’m all about letting my clients know what their options are. The permit process, the cost of remodeling, the little tweaks you can do here and there. It’s all so much fun to me and I can see the client getting excited as we proceed down the road.
The road is an exciting one too. I can probably explain the transaction process of buying or selling a home about 100 different ways depending on the client (unfortunately not in a 100 different languages because that would be really cool). Sometimes it’s a new home buyer, sometimes its an investor, and sometimes it’s a buy up or a buy down . I talk to the buyer about terms, the market, escrow, inspection, appraisal, the 21 page purchase and sale contract and specifically what to expect and what not to expect. It’s great! The anticipation of presenting a killer offer to the seller is my favorite. Are you interested in talking to me as a buyer’s agent? I’d be happy to talk to you too!
I HEART Green Lake (my ‘hood), Tangletown, Wallingford, Phinney, Ravenna and Ballard. Got car. Will travel.
molly a. cartwright | seattle realtor since 2001
cooper jacobs real estate, llc
206.841.6800 | cooperjacobs.com | greenlakeloop.com
“Serving home buyers and sellers in Seattle’s most popular neighborhoods”
Green Lake Real Estate Market Update $900k & Up:
Green Lake estate homes sold recently include:
- 6644 E Green Lake Way N: 4 days on the market listed for $900,000 and sold for $925,000
- 2344 N 62nd St: 7 days on the market listed for $925,000 and sold for $975,000
- 7611 W Green Lake Drive N: 4 days on the market listed for $965,000 and sold for $957,000
- 7621 W Green Lake Drive N: 23 days on the market listed for $1,189,000 and sold for $1,120,000
- 5726 Kirkwood Place N: 3 days on the market listed for $1,250,000 and sold for $1,225,000
The median sales price for these Green Lake homes sold is $975,000.
The average days on market for all of these combined is only 8 days.
Green Lake Seller Alert:
There is a demand for higher end Green Lake estate homes. I would like to offer you a clear plan on selling your Green Lake estate.
Green Lake is a wonderful Seattle neighborhood – if you are interested in Green Lake homes for sale, please let us know what we can do for you. We have excellent Green Lake listing agents and also some of the very best Green Lake Realtors for buyers.
Cooper Jacobs Real Estate is different and we want to show you why. email@example.com
1/2 mile to the Green Lake loop…
9254 Wallingford Avenue N. Seattle, WA 98103
MLS No. 402104
Value & versatility everywhere you look including wonderful mother-in law area, full bath and utility room all with quality construction. The homes theme is light and spacious and designed with an open floor plan. Three bedrooms on main floor plus superb chef’s kitchen. The lower level hosts a fourth bedroom, extra room for big office, full bath AND utility & storage area. Terrific access to freeways, shopping, sought after schools and more neighborhood amenities. This home’s plumbing & electrical has been updated! Also, find new roof & fresh stylish paint to bring this property to the top of it’s competition. Take a tour and you’ll see that it’s built to impress.
Please contact Nancy House with any questions about this new listing:
Cooper Jacobs Real Estate