C104 3008 N Narrows Drive, Tacoma, WA, 98407
New Price: $260,000
Bedrooms: 3
Bathrooms: 2
Year Built: 2003
MLS:29092457
This Condo Is Complete With Three Bedrooms, Two Bathrooms, A Large Private Patio And Three Reserved Parking Spaces. The Home Features Granite Counters In Both Of The Bathrooms As Well As In The Kitchen. Boasting Undermount Sinks, Stainless Steel Appliances, And Tile Floors In The Entryway, Kitchen And Bathrooms This End Unit Condo Is Ready For Your To Call Home. Amenities Include A Pool, Spa, Sauna, Club Room, Fitness Center And Gated Entry. For more informaion visit www.davidjedwards.com/34964.asp or call 425-890-8045.
Direction: From I-5, Take HWY 16 West, Right at Jackson Street Exit. Left on Narrows Drive. The Gold Pointe Community is locate on the left.
If you would like to preview this home, please contact me to arrange for a private showing.
Best Regards!
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week’s Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT
The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
The housing industry received some good news last week, as Existing Home Sales came in better than anticipated, and marking the third straight month that Existing Home Sales have increased. And perhaps even better, the supply of unsold homes on the market dropped from the prior reading of 9.8 months down to 9.4 months - which is the best level seen in over a year. With home loan rates still at low levels and homes priced to sell - this is a great time for potential homebuyers to stop thinking, and go ahead and take some action.
Despite that bright spot of news, last week's Consumer Sentiment report - which measures consumers' attitudes and expectations concerning both present and future economic conditions - showed that consumers still think the economy has a ways to go, as the report did come in a bit weaker than anticipated. According to the report last week, Consumer Sentiment came in at 66 for the month of July, down from June's reading of 70.8.
And one of the major reasons for the decline in Consumer Sentiment was ongoing concern over unemployment - and last week, Initial Jobless Claims reportedly rose by 554,000. While this number was high, it was essentially in-line with expectations of 557,000.
The big news that many headlines featured was the number of Continuing Claims, which fell from 6.31 million the prior week to 6.22 million. And although this drop was reported as positive news, we need to remember that a large number of people are still unable to find jobs, but are no longer being counted in Continuing Claims because their unemployment benefits have expired. The bottom line is that it will be hard for the economy to really turn higher with momentum until the labor market starts to turn around.
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week’s Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT
The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
Second quarter earning season continued last week, including some highlights from the financial sector. Several companies reported strong earnings, including Tech Bellwether Intel; JP Morgan Chase, who reported a 36% jump in profits for the second quarter; and Goldman Sachs, reporting blowout earnings. Although, some of the positive headlines helped Stocks, at the expense of Bonds and therefore home loan rates, overall the week's earnings reports indicated the economic climate is still difficult.
Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week’s Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT
The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
312 James St North, Roy, WA, 98580
New Price: $159,500
Bedrooms: 3
Bathrooms: 2
Year Built: 2005
MLS: 29070489
This Well Maintained Home Boasts Three Bedrooms And A Large Functional Kitchen. The Backyard Has Been Fully Fenced. There Is A Large Two Car Garage With Room For A Shop Or Additional Storage. This Home Enjoys Close Proximity To Resturants, Parks, Schools And The East Gate Of Fort Lewis.
For more information: Call 425-890-8045.
For more information visit www.davidjedwards.com/34238.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=34238
Directions: From 512 E, Take the WA-7/Pacific Ave. Exit to Prklnd/Span. R on WA-7/Pacific. R on WA-507/SM Hwy. R on Water St. W. R on Warren St. N. L on Cedar St. W. Cedar becomes James St. N. End
If you would like to preview this home, please contact me to arrange for a private showing.
Best Regards!
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week’s Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT
The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
First Open House: Own this Beautiful 4 Bedroom, 3 Bathroom Home in Bellevue
Open From: 9:30 to 12:00
13316 S.E. 57th Street, Bellevue Wa. 98006
Price: $525,000
Bedrooms: 4
Bathrooms: 2.5
Year Built: 1977
Square Feet: 2210
Lot Size: 9830 Square Feet
MLS: 29060529
This home's elegant entry leads you through airy and open rooms flooded with natural light. You'll love gazing out of your expansive windows at the lush woodlands and creating meals to remember in your large kitchen. The master bedroom suite has dual closets, an over sized soaking tub and vaulted ceilings. The backyard has been fully fenced and benefits from ample lawn and garden space. It has a three tier deck that's perfect for quiet relaxation and entertaining.
For More Information Visit: http://www.davidjedwards.com/33916.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=33916
Driving Directions: From I-90, Merge onto I-405 S. Take the COAL CREEK PKWY. EXIT 10, toward FACTORIA. Turn LEFT onto FOREST DR SE. Turn RIGHT onto 135TH PL SE. 135TH PL SE becomes SE 57TH ST. End at 13316 SE 57th St.
Second Open House: Own This Beautiful 4 Bedroom, 3.5 Bathroom Home in Renton
Open from: 12:00 to 3:00
15641 203rd Ave SE, Renton WA 98059
Price: $600,000
Bedrooms: 4
Bathrooms: 3.5
Year Built: 1999
Square Feet: 3350
Lot Size: .30 Acres
MLS: 29061139
This spectacular home has been remodeled inside & out, creating the ultimate combination of craftsmanship, style & design. You'll love the gourmet kitchen, new carpet, tile floors, & granite counters. There is a mother-in-law apt on the main floor & a huge bonus room over the garage. The home is located on a quiet cul de sac. It sits on a large, private lot that backs to a greenbelt. It boasts a new outbuilding and 1600 sq ft of wrap around decking with hot tub & swim spa. Issaquah schools!
For More Information Visit: http://www.davidjedwards.com/34057.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=34057
Driving Directions: Exit 4 from I-405. L on ramp. R on WA169. R on Sunset. R on 3rd. 3rd becomes 4th. 4th becomes 128th. R on 196th. 196th becomes 150th. 150th becomes 152nd. R on 204th. R on 156th. 156th becomes 203rd.
If you would like to preview these two open houses, please contact me to arrange for a private showing.
Best Regards!
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week’s Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT
The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
10933 SE 235th St Kent WA 98031
Price: $325,000
Bedrooms: 5
Bathrooms: 3
Year Built: 1965
Square Feet: 2870
Lot Size: 8,556 Square Feet
MLS: 29083625
This beautiful home has been completely remodeled inside and out. The interior boasts five large bedrooms, two master suites, a formal living room and a large functional kitchen. The exterior boasts a new roof, vinyl windows, fresh paint and a large fully fenced yard. This home enjoys close proximity to resturants, parks, schools and public transportation.
For More Information Visit: http://www.davidjedwards.com/34631.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=34631
Driving Directions: WA-167 S/VALLEY FWY. Take the 212TH Exit. Head East on S 212TH ST. 212TH becomes S 212TH WAY. 212TH becomes S 208TH ST. RIGHT on 108TH AVE SE. LEFT onto SE 235TH ST.
If you would like to preview this home, please contact me to arrange for a private showing.
Best Regards!
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week’s Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT
The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
Own This Remodeled Home with 5 Bedrooms and 3 Bathrooms Home in Kent
10933 SE 235th St Kent WA 98031
Price: $340,000
Bedrooms: 5
Bathrooms: 3
Year Built: 1965
Square Feet: 2870
Lot Size: 8,556 Square Feet
MLS: 29083625
This beautiful home has been completely remodeled inside and out. The interior boasts five large bedrooms, two master suites, a formal living room and a large functional kitchen. The exterior boasts a new roof, vinyl windows, fresh paint and a large fully fenced yard. This home enjoys close proximity to resturants, parks, schools and public transportation.
For More Information Visit: http://www.davidjedwards.com/34631.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=34631
Driving Directions: WA-167 S/VALLEY FWY. Take the 212TH Exit. Head East on S 212TH ST. 212TH becomes S 212TH WAY. 212TH becomes S 208TH ST. RIGHT on 108TH AVE SE. LEFT onto SE 235TH ST.
If you would like to preview this home, please contact me to arrange for a private showing.
Best Regards!
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week’s Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT
The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
KIRKLAND, WA, July 6, 2009 –"Encouraging" seemed to be a common response from brokers upon reviewing the June activity summaries from Northwest Multiple Listing Service. The report shows inventory continues to shrink, pending sales increased more than 19.5 percent from a year ago, and median prices system-wide are up 4.4 percent since January.
"The positive movement in our real estate market year over year is really very encouraging," remarked Ron G. Sparks, managing vice president of Coldwell Banker Bain. Compared to 12 months ago, the Puget Sound region has nearly 7,000 fewer homes listed for sale, and nearly 1,200 more homes under contract, he noted, adding, "In anyone's book, that's substantial improvement."
J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, echoed those comments. "It's encouraging to see that pending sales are at their highest since the credit bubble burst nearly two years ago," he stated. While the median home price is down approximately 10 percent from a year ago, median prices have flattened over the past seven to nine months, he noted. "This is an indication that the $8,000 tax credit is working and the market has reactivated itself in the more affordable and mid price ranges," Scott believes.
Northwest MLS brokers notched 7,733 pending sales of single family homes and condominiums (combined) in their 19-county market area last month. That's a gain of 1,263 transactions from the same month a year ago, for a 19.5 percent increase. Seven counties reported jumps in pending sales of 30 percent or more: Cowlitz, Island, Kitsap, Mason, Pacific, Skagit, and Snohomish, with Kitsap County topping the list with its 55.6 percent increase.
Pending sales (offers made and accepted) in the four-county Puget Sound region (King, Kitsap, Pierce and Snohomish) rose more than 25 percent in June compared to the same month a year ago, increasing from 4,765 transactions to 5,693.
Closed sales and prices still lag a year ago, but prices are edging up since the beginning of the year. Brokers reported 5,146 closed sales of single family homes and condos during June, a dip of 4.3 percent from twelve months ago when they reported 5,379 completed transactions.
Viewed separately, the volume of closed sales of single family homes nearly equaled year-ago totals (4,463 closings last month, down from 4,516 for June 2008). Condo sales were off nearly 21 percent, dropping from 863 closings to 683.
The area-wide median price for last month's closed sales of single family homes and condos combined was $285,000, a drop of 9.5 percent from the year ago figure of $314,900. In the Puget Sound region, the volume of closings nearly matched year-ago totals (3,885 versus 3,908), but prices are down about 10 percent. The median price for last month's completed sales in the four-county area was $305,950; a year ago it was $340,000.
"There is a definite upsurge in sales activity, from a pending sales perspective and a "lookers becoming buyers" perspective," observed NWMLS director Dick Beeson. Agents are reinvigorated that buyers can and will make decisions more today than any other time over the past 12 months, according to Beeson, the broker at Windermere Real Estate/Commencement Associates in Tacoma.
Beeson believes mortgage rates remaining low, declining inventories, and the recent stretch of warm, dry weather helped spur some buyers to act. He said the "word' on the $8,000 tax credit has finally reached the streets, as more buyers come in aware, prepared and excited about taking advantage while the advantage is available. (The federal tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence before December 1, 2009.)
House-hunters will find fewer choices than a year ago. MLS members added 11,410 listings of single family homes and condos to inventory during June, down 13.5 percent from the year-ago total of 13,187.
At month-end there were 34,278 single family homes and 7,039 condominiums offered for sale, for a total of 41,317 listings. That's down 17.6 percent from a year ago when MLS members represented sellers of 50,143 properties.
Buyers continue to look for modestly priced homes, with first-time buyers accounting for about 40 percent of today's market, according to estimates by Beeson.
Although the supply is plentiful with asking prices of current inventory ranging from $24,000 to $32 million, homes at the lower end of the price spectrum tend to be in short supply in some areas. In King County, for example, MLS data indicate less than 9 percent of the inventory of single family homes has an asking price under $250,000.
For condominiums in some submarkets, brokers report projects that "demonstrate their market value" are finding success. Sam Cunningham, managing broker and partner in Realogics Brokerage, which specializes in center city condominiums, believes prices are stabilizing and consumer confidence is improving.
Cunningham reports inventory levels in the downtown Seattle market have been declining for a year and there's no new construction planned. He suggests "timing the market" for buyers may finally have more to do with preferred selection and interest rates than waiting for dramatic price drops.
MLS figures indicate the median sales price for condos that sold in Seattle's downtown core last month was $449,450. That's down about 8 percent from a year ago, but reflects four months of steady increases.
Commenting on the MLS report, Sparks, of Coldwell Banker Bain, remarked, "If there is a downside, it might be that this improvement isn't uniform across the region." As an example, he said his company's Lynnwood office saw year-over-year closed sales increase 144 percent, while the Gig Harbor office reported a meager 4 percent gain.
Data show some neighborhoods are rebounding faster than others, Sparks observed. "In what appears to be a transitional market, accurate neighborhood information is more critical than ever, so buyers, sellers and their agents really need to do their homework" he emphasized.
Short sales continue to be a drag on prices and source of frustration for brokers and agents, according to Beeson. A National Association of REALTORS® analysis revealed that distressed homes typically sell for 20 percent less than the normal market price, thereby drawing down the overall median price.
Many pending sales are yet to close because of short sales, which Beeson estimates take twice as long to close as a more conventional transaction. "Many pendings have to be resold because the first buyer tires of waiting for the lender's response."
Beeson also notes the next challenge will be reactions to the next round of foreclosed properties that are expected to come on the market in the next six months. He said there could be another dip in prices, but adds, "I think we've been through the worst."
Northwest Multiple Listing Service, owned by its member brokers, is the largest full-service MLS in the Northwest. Its membership includes approximately 27,000 brokers and agents. The organization, based in Kirkland, currently serves 19 counties in western and central Washington.
Best Regards!
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week’s Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT
The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
Open Saturday July 11th from 12:00 to 3:00
15641 203rd Ave SE, Renton WA 98059
Price: $600,000
Bedrooms: 4
Bathrooms: 3.5
Year Built: 1999
Square Feet: 3350
Lot Size: .30 Acres
MLS: 29061139
This spectacular home has been remodeled inside & out, creating the ultimate combination of craftsmanship, style & design. You'll love the gourmet kitchen, new carpet, tile floors, & granite counters. There is a mother-in-law apt on the main floor & a huge bonus room over the garage. The home is located on a quiet cul de sac. It sits on a large, private lot that backs to a greenbelt. It boasts a new outbuilding and 1600 sq ft of wrap around decking with hot tub & swim spa. Issaquah schools!
For More Information Visit: http://www.davidjedwards.com/34057.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=34057
Driving Directions: Exit 4 from I-405. L on ramp. R on WA169. R on Sunset. R on 3rd. 3rd becomes 4th. 4th becomes 128th. R on 196th. 196th becomes 150th. 150th becomes 152nd. R on 204th. R on 156th. 156th becomes 203rd.
If you would like to preview these two open houses, please contact me to arrange for a private showing.
Best Regards!
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week’s Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT
The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
Secretary Donovan reinstates commitment to REALTORS
The Department of Housing and Urban Development soon will issue guidance enabling FHA-approved lenders to provide short-term “bridge loans” to borrowers who are eligible for a one-time $8,000 first-time homebuyer tax credit. HUD issued an initial mortgagee letter on May 12 outlining a program that enabled borrowers to use tax credit funds toward down-payment and closing costs. This advisory is being revised.
HUD has drafted new language that is expected to be posted any day now, according to sources. HUD secretary Shaun Donovan told the National Association of Realtors on May 12 that FHA approved lenders, nonprofit housing groups, as well as state and local government entities would be permitted to “monetize the tax credit through short-term bridge loans.” HUD expects these bridge loans will help more borrowers to become homeowners. The department also wants to prevent lenders from abusing the program by charging FHA first-time homebuyers excessive fees and rates.
Source: Seattle King County Association of REALTORS Broker Update, June 2009
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week’s Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT
The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
