Saturday, September 30, 2006

Eastside Homes Priced Under Half a Million

Today there are 38 SFR listed for sale in Bellevue for less than $500k (1 for less than $400k).

Bothell has 255, Issaquah 48, Kirkland 65, Mercer Island 0 (suprise, surprise), Newcastle 5, Redmond 42, Sammamish 15, and Woodinville 33.

I look for these numbers to increase steadily over at least the next two years.

Sunday, September 24, 2006

No New Listings in Bellevue for Less Than $500k

An update for anyone interested. There were no new SFRs listed for sale in Bellevue for less than half a million dollars.

At this point there are 32 houses in Bellevue that are listed for less that $500k, including 3 for less than $400K.

Contact me if you'd like more information.

Saturday, September 23, 2006

AAA Properties and YourEastsideBroker.com at ActiveRain

ActiveRain is an online network of real estate professionals that I was introduced to by Krissy Elson of Brio Realty.

AAA Properties and YourEastsideBroker.com can now be found on ActiveRain here. We've only been there for a few hours and are steadily increasing our ranking.

More on local homes priced under half a million dollars

I'm not sure why I'm so fascinated with homes priced under $500,000 - maybe it's because there are so few of them, or quite possibly because those are homes that are still (possibly) in our price range.

This morning there was one more home in Bellevue listed for less than half a mil - at this point there are 33 total single family residences in Bellevue listed for less than the mid mil mark.

In Redmond there are only 40, Kirkland has 64, Issaqauh has 49, Sammamish has 15, and Woodinville has 29.

Bothell seems to have a large number - a whopping 245 SFRs priced lower.

Surprise, surprise there is not one single family home on Mercer Island listed for less than $500k.

As you probably know, I'm thinking these numbers are all going to increase in the coming months. Check back here to find out ...

Wednesday, September 20, 2006

House in Bellevue for Less than $400K!

This morning there were three single family residences newly listed for sale for less than half a million buckaroos. One of them is available for less than $400k:

3856 166TH AVE SE, BELLEVUE, WA 98008
3 bedrooms, 2 full/1 partial bathrooms , 1520 sq. ft.
Single Family Residence
List price: $469,000 View the property flyer.


5 157TH AVE SE, BELLEVUE, WA 98008
3 bedrooms, 1 full/1 partial bathrooms , 1260 sq. ft.
Single Family Residence
List price: $465,000 View the property flyer.


4020 138TH AVE SE, BELLEVUE, WA 98006
3 bedrooms, 1 bathrooms , 1000 sq. ft.
Single Family Residence
List price: $375,000 View the property flyer.

Monday, September 18, 2006

More Houses Under $500k in Bellevue

As I pointed out in a previous post, there are not many houses in Bellevue currently for sale for less than half a million dollars. Today there were two more:

BELLEVUE, WA 98008
3 bedrooms, 1 full/1 partial bathrooms , 1260 sq. ft.
Single Family Residence
List price: $469,950


BELLEVUE, WA 98008
3 bedrooms, 2 bathrooms , 1230 sq. ft.
Single Family Residence
List price: $409,950





Main Stream Media Picking Up on Looming Housing Trouble

Even the main stream media is picking up on trouble heading for the LOCAL housing market. The Puget Sound Business Journal has articles on rising mortage payments and forclosures.

As they point out many people who bought properties with adjustable rate mortgages are already seeing their payments rise, some to the point of being forced to sell or face foreclosure. Many experts are still claiming that our local economy is insulated from the housing slowdown being seen across the country - but I don't think so.

Sunday, September 17, 2006

Leslie Ota, Former VP of the Bellevue Downtown Association Reveals New Real Estate Site

Leslie Ota, former VP of the Bellevue Downtown Association recently revealed her new real estate website at dolcevitaproperties.com. She left the BDA last year to become an agent with Windermere in Seattle and now has a site that is Italian for "the sweet life".

Check out The Sweet Life at DolceVitaProperties.com.

Saturday, September 16, 2006

Realtors New Marketing - Effective or Does it Pass Along the Wrong Message?

The Association of Realtors spends a lot of money on advertising and marketing to help promote using their members.

As a Real Estate Broker who has chosen not to renew my membership as a Realtor, I am still very interested in this. The other day I saw this billboard on Queen Anne Hill in Seattle and read it in a way that was not so positive. I was so fascinated that I actually went out of my way to drive around the block so I could take the photo.

It is probably supposed to say "Reliability" and make people think of Realtors as reliable. I read it in a completely different light. What do YOU think when you see it? Posted by Picasa

Some Are Actually Admitting Local Real Estate Market is "Cooling" - Bellevue Homes Listed for Less that $500k

While many of the local "experts" continue to say that our local real estate market is insulated from the slowdown and impending bubble burst that the rest of our nation is suffering through, some are finally starting to see and admit what I have been saying for over a year now: our real estate market is greatly overvalued and a lot of people are in for some real trouble in the next 5 years.

I've been watching the listings on the local multiple listing service for home prices of new listings in Bellevue (where I live). It had been some time since I'd seen a SFR (single family residence) in Bellevue offered for less than $500,000. Yesterday (Friday 9/15/06) there were actually four!

Here they are:

1846 153RD AVE SE, BELLEVUE, WA 98007
3 bedrooms, 1 full/1 partial bathrooms , 1830 sq. ft.
Single Family Residence
List price: $499,950 View the property flyer.


12523 SE 7TH PL, BELLEVUE, WA 98045
4 bedrooms, 2 bathrooms , 1600 sq. ft.
Single Family Residence
List price: $495,000 View the property flyer.


15403 SE 38TH ST, BELLEVUE, WA 98006
3 bedrooms, 2 bathrooms , 1820 sq. ft.
Single Family Residence
List price: $459,000 View the property flyer.


758 122 AVE NE, BELLEVUE, WA 98005
4 bedrooms, 2 full/1 partial bathrooms , 1600 sq. ft.
Single Family Residence
List price: $459,000 View the property flyer.

If you are in the market to purchase a home and would like to see these homes, or those in any other price range or area, please give me a call or send me an email at Joe@YourEastsideBroker.com

If you would like to see recent sales, listings or find out the current value of your home, please visit YourEastsideBroker.com

Monday, September 04, 2006

AAA Properties Has Joined the Discounters

AAA Properties will now offer a full menu of real estate services to give sellers and buyers what they want. Our discount package for sellers includes a listing for only $595 and:

- Listing on the local multiple listing service
- Print advertising
- Advertising on multiple websites
- Digital photos
- Use of Lockbox
- Use of Open House and Yard Signs
- Advice on how to price your house or condo
- All the forms you'll need

If you want us to show your home and do the paperwork, your listing fee will be only 1% of the sales price when your house sells. In either case, you are recommended to offer a selling commission of 3% to other brokers so that they will show your home and bring buyers.

If you are thinking of selling your home in the next 3-5 years, I believe NOW is the time to do it. Sell now why values are high and before the inventory is flooded.

Call AAA Properties at 425-455-LIST (5478) or 800-441-LIST (5478) or send an email to Sales@AAAProperties.net

Friday, September 01, 2006

Another Eastside Real Estate Blog - Asset Realty Group

I just stumbled across another local real estate blog, this one by Asset Realty Group in Kirkland. I don't know how long they've been blogging, but their archives go back to January 2006.

Their blog has some good real estate news and includes other new stories about the Eastside and beyond. I encourage you to visit their blog and see if it fits into your regular reading.

Eastside Business is going to finally launch our Eastside Business Community Blog after the holiday weekend. It will be very interesting to read so many different voices in one location.

To Be or Not To Be .... A Realtor (Member of the Association of Realtors)

I've written about my dilema in the past. Last year I gave up my membership in the Seattle-King County Association of Realtors. I'd become disenchanted from the beginning. In this area, SKCAR does not own the local MLS or Multiple Listing Services. Unlike many states, subscribing brokers like myself actually own the NWMLS, so it is not necessary to be a member of SKCAR to get access.

In the past, I have been a member of many different associations of realtors. I paid my membership dues, took a few classes and didn't really see any benefit. I don't have time to participate in their events, their classes are overpriced and most of all, their "code of ethics" seems like a farce. After being screwed by many of these so-called "ethical" agents that are simply members of the Association of Realtors, I realize that their "Oath of Ethics" is simply a marketing ploy.

The kicker came when they put in place an extra mandatory "assessment" on top of their already high membership costs. I had previously to drop my membership mindset, but that made me do it.

There are many excellent (and honest) real estate agents that are not a member of that organization. We all must get continual training and are subject to strict laws regarding actions of real estate agents and brokers. I can tell you that I have never met a non-realtor agent or broker who was any more unethical or dishonest than some of the realtors I have come across in my career.

Not being a member of the Association of Realtors, cuts my expenses and allows me to give my clients discounts on the services they need. Since I work out of my home, have my own advertising vehicle and limited costs, I can save my clients lots of money. As a buyers agent, in most cases, I can rebate up to 2% of the purchase price.

If you would like me to list your home, I only charge $595 to list it on the NWMLS and include FREE use of a lockbox, attractive AAA Properties signs and all the forms needed to sell your home - until it is sold.

If you want me to list and show your home, my listing fee is only 1% of the sales price, but in both cases you would also want to offer 2.5 to 3 percent to any other agent who brings a buyer with the ability to buy.

In all cases, I will always be honest and ethical and work very hard for my client - and you can be sure I will be able to discount my commissions - because I'm not a Realtor .............