When is The Best Time to Buy Your First Home?

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When is The Best Time to Buy Your First Home?

Purchasing your first home is one of the biggest milestones in a person's life; and whether you're fresh out of college and have hit the ground running at your first well-paying job; or if you've waited and saved and watched the market for years and finally feel ready to take the plunge, we celebrate your decision! However, we also want to make sure you understand the ropes and encourage you to check this list of indicators to see if you're really ready.

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Catherine Ferrera's May Newsletter

 
The diverse events, happenings, and experiences in the Puget Sound are unlike any other.
From the Mother's Day Half Marathon in Kirkland to the 25-day Seattle International Film Festival, see what's going on in your neighborhood this month. 

Explore Events >
 
 
 
1502 Taylor Avenue N, Seattle  Welcome home to this charming home with views of Lake Union, the city, Space Needle, and the Cascade Mountains. Centrally located with easy access to I-5, 99 and walkable to restaurants, cafes and South Lake Union. Great entertainment home, with Trex view decks and a 2-car garage. Offered at $998,000.

Explore Property >
 
 
Now halfway into its second year, Seattle’s nationwide lead on the S&P CoreLogic Case-Shiller Home Price Index is once again widening on a monthly basis. Gains that seemed to be slipping away last summer have rebounded, with February’s monthly increase exceeding that of January by 1.74% to 0.72%, for a 12-month average gain of one percent per month.

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The Sotheby’s International Realty® brand has introduced the revolutionary augmented reality (AR) app Curate by Sotheby’s International Realty. Read on below to see the ways the app will benefit homebuyers, sellers, and real estate agents.

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1) 7341 125th Place SE, Newcastle  This spectacularly maintained 4 bedroom home, located in the desirable Newport Woods neighborhood, sold for $160,000+ over the asking price! We are thrilled for our clients. Sold for $736,000


2) 440 11th Avenue W, Kirkland
  Remodeled in 2017, this custom-built home offers 4,462 square feet of elegant living spaces with gorgeous millwork, thoughtful appointments, and innovative design throughout. Sold for $3,210,000.


3) 225 19th Place, Kirkland
  A well-maintained, 5 bedroom, 2.5 bathroom,  East of Market home on a cul-de-sac. Enjoy watching sunsets from the large covered porch. Peek-a-boo views of Lake Washington and the Olympics. Sold for $1,200,000.

 
 
If you are looking to invest resources in landscaping this year, you don't need to hire an expensive crew to get it done. Chris and Peyton Lambton from HGTV's "Going Yard" share their secrets to effortlessly maintain a yard.  

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Almost all of the new construction being built in Seattle has been concentrated in a few areas of the city where "dense housing like apartments" are allowed. The remaining neighborhoods mainly consist of expensive single-family homes.

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Seattle is one of the top 10 major cities in the country when it comes to recycling, however, we still have a long way to go. Did you know that each day, 15 tons of materials put in recycling bins is rejected by the sorting plant? Just because you recycle something doesn't mean it will be recycled. 

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2017 Market Report: Eastside Review

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2017 Market Report: Eastside Review

The year 2017 brought many interesting milestones for our brokerage, Realogics Sotheby's International Realty; and the real estate market over the past year surely kept us on our toes! Newly published, the 2017/2018 Market Report: Year Review & Trends to Watch delves deep into market statistics in the surrounding Western Washington area, including the counties of San Juan, Island, Kitsap, Jefferson, Pierce, King, Snohomish, and Skagit. 

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Features That May Boost Your Home's Value

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Features That May Boost Your Home's Value

Spring is officially here and for many that means getting homes spruced up with a little spring cleaning; and for others, it means it's time to get some work done on their homes to get ready sell. This can be a touchy subject as many people believe that making changes to their home before selling is a waste of money or a frivolous thing to do before selling to someone who may not even appreciate their hard work. There have been a few articles we've come across lately explaining which home features have the best resale value and look more desirable for buyers.

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Catherine Ferrera's April Newsletter

 
The diverse events, happenings, and experiences in the Puget Sound are unlike any other.
From the Kirkland Wine Walk on April 20th to 425 Magazine's Women to Watch event at Meydenbauer Center, see what's going on in your neighborhood this month. 

Explore Events >
 
 
 
1502 Taylor Avenue N, Seattle  Welcome home to this charming home with views of Lake Union, the city, Space Needle, and the Cascade Mountains. Centrally located with easy access to I-5, 99 and walkable to restaurants, cafes and South Lake Union. Great entertainment home, with Trex view decks and a 2-car garage. Offered at $998,000.

Explore Property >
 
 
As Seattle's median home price tops $690,000, it is no surprise that many people are starting to look at options outside of the city. After all, a little extra commute is an easy trade for a more reasonably priced place to live. Check out Seattle Magazine's list of Seattle suburbs with the most affordable homes.

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This month, I highly suggest checking out Woodinville's new restaurant, Heritage. The chef-owner, Breanna Beike, is a client of mine who recently moved from Seattle to Woodinville. I had the opportunity to work with her and her husband on the purchase of their home and she is now opening the restaurant of her dreams. Read more about her journey in the 425 Magazine article linked below.

Congratulations, Breanna - I can’t wait to be one of your first customers!

Read More >

 
 

1) 7341 125th Place SE, Newcastle  PENDING IN 3 DAYS! This spectacularly maintained 4 bedroom home is located in the desirable Newport Woods neighborhood, minutes from schools, shopping, parks, and freeway access. Offered at $574,995.  Explore Property >


2) 440 11th Avenue W, Kirkland
  Remodeled in 2017, this custom-built home offers 4,462 square feet of elegant living spaces with gorgeous millwork, thoughtful appointments, and innovative design throughout. This luxury home features 4 bedrooms/ 4.25 baths inclusive of a detached ADU. Offered at $3,350,000.  
Explore Property >


3) 225 19th Place, Kirkland
  Well maintained, 5 bedroom, 2.5 bathroom,  East of Market home on a cul-de-sac. Enjoy watching sunsets from the large covered porch. Peek-a-boo views of Lake Washington and the Olympics. Functional floor plan with living and dining room. Offered at $1,188,000.  
Explore Property >

 
 
Mortgage rates have risen nearly half a percentage point since September 2017. While this matters, these rates should not be the only variable that goes into your decision to buy a home. Learn more about how rising rates affect your monthly payment and if experts think that these higher rates are the "new normal."

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In both Seattle and on the Eastside, home-sales data from February broke records once again as Seattle's median single-family-home price hit $777,000, while the median cost of a house on the Eastside reached $950,000.

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Sotheby’s International Realty Affiliates LLC recently reported that in 2017 its affiliated brokers and sales professionals achieved approximately $108 billion USD in global sales volume, the highest annual sales volume performance in the history of the brand.

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Tips for Buying in a Tight Housing Market

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Tips for Buying in a Tight Housing Market

The news continues to confirm that Seattle is the hottest market in the nation. Seattle ended the calendar year in 2017 at a year-over-year 12.7 percent increase in home prices. Meanwhile, housing inventory remains extremely low. “The Seattle metropolitan area, which includes Tacoma, Bellevue, and Everett, ended [2017] with 20.1 percent fewer homes on the market than in December 2016,” states Seattle Curbed. So, how can you possibly expect to buy a home in this market? We have a few tips, pulled from a recent Forbes article, to help you get a leg up.

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West of Market Real Estate

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West of Market Real Estate

We are so enamored with our newest listing we just wanted to share just a few of the unique things that make this home so special. Remodeled in 2017, this custom-built home offers 4,462 square feet of elegant living spaces with gorgeous millwork, thoughtful details, and innovative design throughout. 

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Market Trends from Around the Sound

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Market Trends from Around the Sound

I am proud to present a look at the housing market trends for the fourth quarter of 2017, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.

Seattle  |  Single Family Homes

Seattle home prices continued to reach far beyond seller’s expectations in Q4-2017, as the median sales price increased 16.7% year-over-year to %882,000. View report here

Eastside  |  Residential

Q4-2017 posted impressive gains on the Eastside, as the average sales price increased 11% compared to last year and the days on market plummeted to 26 days. View report here.

Bainbridge Island  |  Residential

Bainbridge Island continues to attract buyers, as the number of homes sold was up slightly compared to Q4-2016 despite a sharp 32.9% decrease in inventory. View report here

Seattle  |  Condominiums

The average sales prices for condominiums in Seattle as a whole increased by 11.6% compared to the third quarter of 2016, while the value of condos in the downtown core continues to skyrocket. View report here

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Catherine Ferrera's January Rezora

 
The diverse events, happenings and experiences in the Puget Sound are unlike any other.
From Friday Night Jazz at Cypress Lounge & Wine Bar in Bellevue to the Seattle Boat Show, discover what your city has to offer.

Explore Events >
 
 
1. 1715 SW Trenton Street, Seattle  This charming remodeled 3 bedroom, 2 bath home includes a new roof, Hardiplank siding and double pane windows. Sold for $550,000.
 
2. 15008 93rd Place NE, Bothell  Special home in desirable Amber Ridge with a private, spacious, backyard overlooking an expansive greenbelt, fully fenced. Sold for $785,000.
 
 
5003 E Pickering Place, Shelton  Impressive 4.3 acre waterfront estate on South Puget Sound! Two homes, surrounded by water, private tidelands and serenity. Gated property to main home with 4 bedrooms, 4 baths, offices, elevator, 5 stone fireplaces, chef's kitchen, custom hardwood & stone masonry throughout. Immaculate landscape including stone patios, covered decks & gardens. Offered at $2,100,000.

Explore Property >
 
 
The city of Bellevue held the global spotlight recently, as a Mansion Global feature heralded the area as a “haven for outdoor enthusiasts, [and] tech employees” with its “waterfront access, leafy neighborhoods and cosmopolitan restaurants and boutiques,” and ever-growing tech sector jobs. Bellevue has certainly seen its fair share of growth in recent years, as it is now home to approximately 150,000 people and 1,300 businesses with 45,000 employees who revel in PNW recreational opportunities that complement its urban edge.

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As one of the leading companies in tech news, GeekWire has been tracking the number of out-of-town tech companies that have opened engineering centers in the Seattle area for the past few years, and as they recently reported, “the list has doubled in size.” The addition of Baidu’s new Bellevue office brought their list to over 100.

Read More >
 
 
Selling a home can be an emotional experience. From the initial excitement of putting your home on the market to sadness when it's time to walk away from a house full of memories, explore the entire emotional road map you will probably experience when you sell.

View the Infographic >
 
 
If you are considering downsizing to a smaller home, the Seattle Times has put together an excellent list of tips to help make the transition as easy as possible.

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LexSet is aiming to revolutionize the way consumers design for their homes. According to a recent Forbes article, "LexSight will enable spatial searches using images you take with your mobile camera that will provide material and product suggestions based on items you have in your home. Let’s say you want to find the perfect sofa  to go with your new rug: the program will use AR to show you how it looks in your actual space." Sounds exciting! 

Read More >
 

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Bitcoin and Real Estate: What You Need to Know

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Bitcoin and Real Estate: What You Need to Know

In a first for the Seattle-area, a local man recently purchased a home (in Tukwila) with cryptocurrency. The Seattle Times reported that, "...the buyer used a combination of bitcoin cash (a new type of Bitcoin) and several other cryptocurrencies for the 10 percent down payment and to help secure a conventional mortgage for the remaining cost of the house."

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#RSIRMomentum

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#RSIRMomentum

On December 6th, Realogics Sotheby's International Realty (RSIR) hosted the 2017 Momentum Forum at Bell Harbor Conference Center in Seattle. The day featured inspiring panel discussions with top ranking Sotheby's Realty brokers Shen Schulz of Malibu, Bill Fandel from Telluride, and Gregg Lynn of San Francisco. We were also joined by Sotheby's International Realty Global Vice President of Affiliate Services, North America, Tony Dolceamore and John Meschke, Vice President of Affiliate Services at Realogy, Sotheby's International Realty Affiliates, LLC.

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Catherine Ferrera's December Newsletter

Realogics Sotheby's International Realty presents a look at the housing market trends for the third quarter of 2017, from the shores of Bainbridge Island's waterfront homes and in-city living opportunities, to the Eastside's most distinguished residences.

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Microsoft announced that it's beginning construction on a massive expansion and overhaul of its Redmond facilities. The project with break ground in 2018 and take between five and seven years to complete.

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A Seattle tradition for 25 years running, the Sheraton's Gingerbread Village is open now and submissions this year have followed the theme of "Seattle's Past and Future." Get ready for a walk down a (very sweet) memory lane. 

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3) 15008 93rd Place NE, Bothell  Pending in 6 days and received 12 offers!  This special home in the desirable Amber Ridge neighborhood has been remodeled and boasts a private & spacious backyard. Offered at $699,000

2) 1655 10th Avenue E, Seattle  This Capitol Hill 4 bedroom, 4.5 bath home features a MIL/studio and boasts amazing views of the Seattle skyline, Lake Union, and the Olympics. Offered at $2,350,000

3) 5003 E Pickering Road, Shelton  A unique property with the main home consisting of 4 bedrooms and 4 bathrooms all situated on 4.3 gorgeous acres. This property is a haven for boaters with 975 lineal feet of low bank salt water and private tidelands. Offered at $2,100,000

In need of a main dish for your holiday dinner? We have your answer. This receipe from EpiCurious will have your guests in awe and their stomachs happy.

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Tips and ticks to fool your neighbors, and other unwanted attention, when you're gone for the holidays.

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Catherine Ferrera's October Newsletter

The winter months are quickly approaching and it's right about that time to start prepping your home for the cold days ahead. Check out these helpful tips from HGTV on weatherproofing your house!

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435 8th Avenue West, Kirkland  I am excited to announce that my client's Kirkland Luxury Estate, which went pending in 14 days, closed! Remodeled in 2012, this custom-built, 3 story home offers 7,680 square feet of luxurious living with thoughtful touches, custom millwork and an elevator. Sold for $4,200,000.

EXPLORE PROPERTY...

A great vendor of mine, Jon Gilbo with Diamond Home and Landscaping, can install holiday lights for you. He can also clean out your gutters and clean off your roof. Mention my name and get a 10% discount!

Diamond Home and Landscaping Services
Jon Gilbo  |  425.773.1736
Homeandlandscaping1@gmail.com

1) 1655 10th Avenue E, Seattle  This Capitol Hill 4 bedroom, 4.5 bath home features a MIL/studio and boasts amazing views of the Seattle skyline, Lake Union, and the Olympics. Offered at $2,350,000

2) 5003 E Pickering Road, Shelton  A unique property with the main home consisting of 4 bedrooms and 4 bathrooms all situated on 4.3 gorgeous acres. This property is a haven for boaters with 975 lineal feet of low bank salt water and private tidelands. Offered at $2,100,000

3) 1715 SW Trenton Street, Seattle  Welcome home to this charming remodeled 3 bedroom, 2 bath home in West Seattle. Easy access to Downtown Seattle, I-5 & 99. Offered at $525,000 

4) 10017 NE 129th Place, Kirkland  Currently Pending | Charming 3 bedroom, 2 bath end unit town home remodeled and turnkey. Bay windows and fully fenced backyard with deck. Offered at $525,000

Last month, more than 400 guests joined industry thought leaders during the 2017 “State of the Market” Event held at the Westin Hotel in downtown Seattle. The BISNOW platform was a timely opportunity for Realogics, Inc. to launch The FutureCast Forum, described as "a collaboration of stakeholders to explore the current and projected market fundamentals and trends influencing the Seattle/Bellevue metro area by 2020 and beyond."

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While it is common to self-evaluate your finances at the end of the year or even in January, it is a good idea to start sooner. According to a recent article on USA Today, taking stock of your "victories and losses" in October allows you to "right potential wrongs before it is too late."

READ MORE...

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Catherine Ferrera's September Newsletter

The diverse events, happening and experiences in the Puget Sound are unlike any other. From this weekend's Kirkland Oktoberfest to Fashion Week at The Bellevue Collection, discover what your city has to offer.

VIEW EVENTS...

435 8th Avenue West, Kirkland  Remodeled in 2012, this custom built, 3 story custom home offers 7,680 square feet of luxurious living with thoughtful touches, custom millwork and an elevator that travels to all levels of the home. The estate’s magnificence is amplified by spectacular views of Lake Washington, Mt. Rainier, the Olympics and Seattle skyline. Offered at $4,200,000.

EXPLORE PROPERTY...

Life on the shores of Puget Sound, as well as its neighboring straits and harbors, lakes and archipelagos, offers all the pleasures and adventure that draw people to the water’s edge. We are proud to present a look at the waterfront market trends for the first half of 2017, from the shores of Bainbridge Island to the Emerald City and the Eastside.    

READ THE REPORT...

5003 E Pickering Road, Shelton  Pickering Passage Retreat is a unique property with the main home consisting of 4 bedrooms and 4 bathrooms all situated on 4.3 gorgeous acres. This property is a haven for boaters with 975 lineal feet of low bank salt water and private tidelands, shellfish beaches, concrete boat launch ramp, boulder bulkhead, deep water year-round boat mooring buoy with anchoring system and is within close proximity to several public and private marinas. Offered at $2,100,000.

EXPLORE PROPERTY...

Representatives of Realogics Sotheby’s International Realty confirmed last week that the firm has posted more than $1 billion in closed and pending home resales year to date, not including $225 million in new construction condominium presales that are also pending. The firm pegged a 40.6% growth rate for sales volumes year-over-year so far in 2017, according to Trendgraphix, leading the top ten largest real estate brands. We could not be prouder to be associated with such a high caliber brand! Excited to see where we go from here. 

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Thinking of redecorating? Remember - Design is in the details. Check out Elle Decor's list of Top 60 Best Home Decorating Ideas of All Time for inspiration on your next project! 

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It’s no surprise that the Pacific Northwest’s Silicon Forest is growing, as tech giants are expanding their current offices or opening new branches in downtown Seattle and along the Eastside’s tech corridor to leverage talent on both sides of the lake. In celebration of Kirkland’s bright future, explore a curated collection of stunning homes offered by Realogics Sotheby’s International Realty that await their next residents.

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Catherine Ferrera's July Newsletter

From August 11th-13th, enjoy Kirkland's largest festival featuring living music, art, street performances, a beer and wine garden, food vendors, and activities for everyone in the family. "Now entering its 6th season in 2017, Kirkland Summerfest continues to grow as a major cultural event in the Kirkland community that enriches the cultural, economic, and social vitality of the region."

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5003 E Pickering Road, Shelton  Impressive 4.3 acre waterfront estate on South Puget Sound! 2 Homes, surrounded by water, private tidelands and serenity. Gated property to main home with 4 bedrooms, 4 bathrooms, offices, an elevator, 5 stone fireplaces, and a chef's kitchen. Now Offered at $2,100,000.   

EXPLORE...

 Art lovers in the Puget Sound region can take great joy in discovering museums and galleries that display both distinctive pieces from the Pacific Northwest as well as works by internationally acclaimed artists.

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Washington state is bad for business? Think again because Puget Sound Business Journal says “it’s actually the best, according to a new ranking.” As the article describes, “while Seattle is sometimes pegged as being bad for business due to regulations and taxes, Washington had economic growth nearly 2.5 times the national rate” at 3.7% in 2016, and according to the latest CNBC rankings, which measure 66 metrics across 10 categories, the Evergreen State is now the number one state for business.

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All eyes are on Realogics Sotheby’s International Realty. With innovation at the forefront of the RSIR brand, the brokerage has found itself in the national spotlight once again, joining an impressive list of nominees for the 2017 Inman Innovator Awards. The winners will be revealed at the Annual Innovator Bash during the week-long Inman Connect, an educational and networking conference in San Francisco that brings together more than 4,000 real estate agents.     

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From Newport, Rhode Island to São Paulo, Brazil (and even our very own Emerald City), check out these top five design destinations around the world that you need to know about. Aesthete travelers will certainly be flocking to these cities in the coming months!  

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1) 4926 111th Avenue NE, Kirkland  Located in the desirable Houghton neighborhood, this home is made for entertaining and is minutes from downtown Kirkland. Represented the Buyer  |  Sold for $1,136,000

2) 7727 20th Avenue NW, Seattle  Situated on a lovely street, this impeccably maintained Ballard home boasts a private backyard oasis. Represented the Seller  |  Sold for $881,000

3) 11925 NE 151st Place, Kirkland Over 3,000 square feet of spacious living in well-maintained home situated on a cul-de-sac and backing to a greenbelt for privacy. Represented the Seller  |  Sold for $700,000

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