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Kirkland, WA Real Estate News

Good news as U.S. mortgage applications surged last week. Demand rose to its highest level since late-May. Consumers take advantage of the lowest interest rates in months, data from an industry group showed on Wednesday. Home refinancing loans still dominated demand, the trend for applications to buy a home, a tentative early indicator of sales, hit its highest level since early January.   The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended Sept 4 increased 17.0 percent to 648.3, the highest level since the week ended May 29. Also the Bellevue, Kirkland, Redmond Markets remain strong as sales continue to climb and prices remain low with short sales and foreclosures setting the ...
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By nicole macak
(independant consultant/real estate agent )
                                                                                        Irish Pub in Kirkland, WA     I found a great Irish pub in Kirkland, WA called the Wilde Rover.  What makes this Irish pub so great is the atmosphere.  It has a very comfortable relaxed atmosphere. Also amazing views of lake WA ,  from it's outdoor balcony  It  has amazing Irish food.  It has everything from lamb stew and coned-beef to old fashioned hamburgers. It's not very expensive and very yummy. I think the biggest appeal to the Irish pub is the staff.  They have the most amazing bartenders out of any bar I've ever been to.( However if you go there on a Sunday night after 9pm  expect a bit of a wait to get served. They have live bands seval nights a week Sunday included  and it tends to get pret...
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By Greg & Brian Perry, Working-for-you
(Windermere Real Estate N.E.)
Windermere Real Estate/NE, Inc, of Kirkland, Cobalt Mortgage of Kirkland and dozens of community sponsors have created the Million Dollar Challenge!  We are working to add One Million Dollars into our local economy by helping 125 first time home buyers receive the $8,000 government First Time Home Buyer tax credit. We're holding a community sponsored First Time Home-buyers Seminar on Saturday, September 26th at 10:00am.   The event location is the Lake Washington Technical College Auditorium. Here a quick introductory video.  Additional details can be found at www.1-MillionDollarChallenge.com.
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By Greg & Brian Perry, Working-for-you
(Windermere Real Estate N.E.)
Important new rules for Home Inspectors! Requirements for Home Inspectors are changing!  The following information was written and submitted to 425Realty.com from Jim Merritt, WIN Inspections Services.    Make sure YOUR Home Inspector is a licensed Home Inspector!  Licensing for Home Inspectors comes to Washington  Licensing for Home inspector in the state of Washington was signed into law in June of 2008.  The law includes qualifications for Home Inspectors including 120 hrs of approved educational courses, 40 hours of practical in the field training and the ability to pass a national and state home inspector examination.  Effective Sept 1 2009 all home inspectors must be licensed (RCW 18.210.020)  Further the home inspector license does not include a structural pest inspection. In ord...
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By Greg & Brian Perry, Working-for-you
(Windermere Real Estate N.E.)
Thursday, August 20, 2009   New Roadway Markings Make "Sense" for Bicyclists Kirkland, Redmond, WA piloting new pavement markings for easier cycling     Kirkland & Redmond, WA - The neighboring cities of Kirkland and Redmond, in East King County, Washington, are becoming more bicycle friendly.  Both cities have recently installed new pavement markings to help cyclists trigger traffic signals and to help drivers and cyclists better share the streets.   Traffic signals sometimes don't recognize the presence of bicycles.  The new markings help cyclists know where to stop so the signal can sense them. The bicycle symbol is painted on the pavement and when the cyclist stops on it, the signal is activated.    In Kirkland, cyclists should keep their eyes out for markings at seven intersection...
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NEW NWMLS NUMBERS CAME OUT TODAY This graph shows the reduction of all new construction inventory on the Eastside.  As you can see the trend continues to level off.  The analysis predict this shortage will put a new type of pressure on the housing market: A third or more of home buyers want new. With fewer new homes, slightly used homes or recently renovated homes will demand a higher asking price.   However, if you look at this chart (New Construction Eastside under $500K) you see the trend moving up slightly.  This reflects the fact that builders are creating a lower price product to meet the demand of market place.     And finally, when we look at New Construction Eastside over $500K you see even the higher priced inventory is being absorbed.  
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By ARDELL DellaLoggia
(Better Properties Seattle )
A Vlog :) In preparation for a series of vlogs on real estate, I'm trying to get video out of my flip video and into a blog post. This is my grandaugher Xochitl and Mike.  Don't miss the big finish...that's assuming I am able to get the video up and playing. Crossing my fingers.  A vlog :) Someday My Prince Will Come from Ardell DellaLoggia on Vimeo.
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By Bill Blanchard
(Windermere)
This graph shows the reduction of new construction inventory on the Eastside.  As you can see the trend is leveling off at about eights months of inventory based on pending sales.  Just about every trend is showing a leveling off over the last three months.   Even the Case Shiller index has leveled off over the last three months.  This takes us back to prices around June of 2005: (Index over last 12 months)   There was a dramatic increase in the prices of homes sold vs the for sale price.  This probably reflects the increase sales in higher price ranges finally selling.   All these trends point to the fact the market has corrected itself.   Baring any major incident, it is safe to jump into the market without the fear of loosing value like you would when you buy a new car. Every buyer I...
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Rumors where flying and people where making plans for years anticipating the wave of new Google employees.  Hundreds would move into town and into the corporate center in Kirkland. (See my blog from earlier)  When the economic climate changed so did Goggle's plans.  The migration of high tech, high paid new home buyers fizzled. Now Microsoft to the rescue.   Enter the partnership with Yahoo, 400 Yahoo employees will be hired by Microsoft.  No one is sure where these people will move to... but we d know that Microsoft has reworked its relocation department.  The real estate company that had an exclusive relocation arrangement with Microsoft for years is now out and new agents at new companies have been selected to help with the new migration. Let's hope that more people search for homes ...
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By Joel Kruse
(Handle My Media LLC)
Neighborhoods in Kirkland, WA Neighborhoods in Kirkland, WA are among the safest, most beautiful neighborhoods in the country.  All of the communities that make up Kirkland offer the best schools in the State, close proximity to the finer amenities in life such as Grocery stores, Movie Theaters, as well as a vibrant night life that makes living in Kirkland, WA neighborhoods a good choice.  There are a few communities in Kirkland that I wanted to highlight, mainly because of their popularity, and location. South Juanita located on the water in Kirkland is a very popular place to visit the wildlife, go for a walk, and take in the beauty of the view on Lake Washington.  Like other neighborhoods in Kirkland, WA south juanita is very well policed, and is close to major grocery stores, shops,...
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By Joel Kruse
(Handle My Media LLC)
Bars in Kirkland, WA Bars in Kirkland, WA are some of the best places for you to get out and have a great time.  There are several I could choose to write about, but there are three man bars in kirkland, WA that I wanted to highlight. The first bar is The Shark club located in downtown kirkland by the marina.  This bar/club is a hot spot for the night life on the eastside here in the greater seattle area.  If you are looking for a bar with a great vibe, good drink specials, and cheap food this is it.  On thursday nights the Shark Club turns into a heavy hip-hop spot where you can get your dance on!                 The second Bar in Kirkland that you have to visit would be Timeout.  Timeout is your classic sports bar fully equipped with pool tables, flat screen tv's, dart boards and chea...
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This graph illustrates the dramatic decline of new inventory on the eastside.  Because of the lack of new permits being issued and builders concentrating on selling current inventory, this lack of new construction will put pressure on the overall market.     Other Market indicators: We will continue to see prices stabilizing erasing concerns about buying a home only to see the value drop the new month.  About 20 -30% of buyers are looking for new or like new homes, this will create higher demand for homes built after 2005 or 2006 and/or homes that have be recently updated. The market took a huge turn in April.  On the eastside, I see homes under $500,000 continue to be to the hot sellers this summer.  The $8,000 tax credit, lower home prices, and record low interest rates have pushed th...
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By Greg & Brian Perry, Working-for-you
(Windermere Real Estate N.E.)
Introducing 425Homebuyer, a seminar where you can learn how to realize YOUR dream of HOME OWNERSHIP!  Your key to YES! Do you have questions about home ownership, but don't know what questions to ask?  Don't feel bad, you're not alone!  Join local real estate expert, Greg Perry of Windermere Real Estate, author of 425Realty.com and contributing author to the Seattle Real Estate Professionals Blog and Ron Poborsky, public speaker and local home loan expert with Cobalt Mortgage for a lively and informative seminar on How to Buy Your First Home (or make a move up). Here's what you'll learn in this FREE seminar: Is it in my best interest to buy a home?  Can I qualify?   What does my credit score say, and how will a mortgage banker look at it?  How much home can I afford to buy?  How should...
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By Bill Blanchard
(Windermere)
The new Case Shiller numbers came out today The index for the Seattle Tacoma area rose in April, 2009 just under .25%.  This is the first increase since August of 2007.  A few other cites showed an increase but the national composite index continued to show price declines. However, it slowed from March to April. More    More  
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By Freddy Delgadillo, Real Estate Broker specializing Greater Eastside
(Judah Realty Group)
Here is the type of views that Kirkland offers. This view is from 5th Avenue & State street, 1/2 block from Lake Washington Blvd. You can see the Olympic Mountains on the left and the sun is going down behind the tree in the middle. The Kirkland marina is to the right of the building (Villa Medici) and you can see boats out and about. If you're new to Kirkland, Welcome! You will love my town as it offers many outdoor activities and a place to call home. I share this view because it makes me "dream". What comes to mind when you see it? Let me know what you think of Kirkland, WA and have you seen a sunset like this in Kirkland yet?    
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Overall, March data shows the market improving slightly with months of inventory declining to a 10 mouths supply down form 16.5 in January.   Eastside Months of Supply based on Pending sales:    Eastside Overall Sales:   Eastside Cost Per Square foot.  Kirkland Kirkland (98033) Months of Supply based on Pending Sales   Kirkland (98033) Overall Sales   Kirkland (98033) Cost per Square Foot    Juanita  (98034) Months of Supply based on Pending Sales   Juanita (98034) Overall Sales     Juanita (98034) Cost per Square Foot
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The S&P/Case-Shiller 20 Home Price Composite Index fell 1.9% nationwide during February and the decline lowered prices by 18.6% during the last twelve months and by 29.9% since their peak in May 2006. In the Puget Sound Region, prices fell 1.27% from January.  This decline lowered prices by 19% during the last twelve months locally.  It also marks a decline of 31.1% since their peak in June 2006. According to the index, a Seattle area home is now valued at September of 2003 prices. This stopped a 2-3 % monthly decline and points to what I believe will be the bottom of the market starting in May.    If you would like a simple spreadsheet to calculate home values based on previous sales, just send me an e-mail.
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Becoming a Rainmaker gives you many benefits, but you have to use them!   1.  You are able to post your blog content publicly, making it available to the World Wide Web! Major search engines such as Google, view us as a Powerhouse of Real Estate Information, making us a top choice for relevant information about your communities!  Writing about your communities will show off your knowledge of your area!  Become the Expert! Over 4 years of content, and 1.5 million blogs later, we are the largest Real Estate Network in the Country!  Why wouldn't we be seen as the best source for information? 2.  You get your own outside blog!  It is a external site with it's own URL web address and domain.  It's turn key, very easy to use, set up, an customize!   Pick your own custom theme, add links and o...
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