May Neighborhood Update / Eastsite Equestrian Life

 


 
KiamaLise Herres 
Broker
(206) 679-5322

 

neighborhood update ~
and Eastside Equestrian Life
 

MAY 2014

The local real estate market is in an interesting place. Experts were thinking that rising prices and tight inventory would unleash a flood of new listings this spring, but that hasn't happened yet. Here's an explanation of what's going on in the market, some inspiration for summer pots, and a few interesting links that I think you'll enjoy.   

LOCAL MARKET UPDATE

Home prices in King County were up in April, but low inventory has taken its toll on the number of sales.  

 

*   There continues to be much more demand than there is supply, with King County having just 1.7 months of inventory. A 4-6 month supply is considered balanced, so we remain in a solid seller's market. In sought-after neighborhoods that means bidding wars, escalation clauses and very few sellers willing to consider a contingent sale. That tight inventory has translated into rising home values.

   

Home Price Appreciation Map 

*   More listings should be coming. Inventory traditionally rises in the months of March through September. That annual cycle should also cause us to see a rise in sales that will then flatten out in the summer months. Hopefully the continuing trend of rising prices will convince more sellers that this is an excellent time to get top dollar for a home. Even with increased activity, transactions this spring are likely to be below the high levels of 2013.

 

*  Despite a slowdown in the number of sales, price appreciation was up. The median price of single-family homes sold in King County in April was $430,500, an increase of 7.6 percent from a year ago. The Eastside saw the median home price increase 11 percent to $618,000. The median price in Seattle was up 6 percent to $479,000.

 

Appreciation in King County varied significantly by area. Check out the interactive chart to see home price appreciation in your neighborhood.

 

If you'd like information on your specific neighborhood, give me a call and I'll be happy to send you a report. 

YOU'RE INVITED!

 

Is the current seller's market scaring you away from  your next move?  Let us ease your fears!

 

Join us for our FREE 

Home Buyer's Workshop!

 

Saturday, June 7th

10:00 – 11:30 am

14405 SE 36th Street #100

Bellevue, WA 98006

 

 

Register at: kiama@windermere.com 
 

 

A representative from Director's Mortgage lending group will be joining us to answer financing questions. 

Also Carna Lapping of Windermere Bellevue South and myself will be here to answer real estate questions. 
This is  an informational meeting designed to provide answers and strategies to navigate today's tricky market. 

CREATIVE CONTAINER GARDENING
There are more great ideas for summer pots on our Pinterest board!

EASTSIDE EQUESTRIAN LIFE

The ins and outs of riding arenas
 

Many clients and friends have asked me how to go about installing a riding arena on acreage. I have one piece of advice.  Get a qualified professional!  I learned the hard way years ago, that when it comes to building an all-weather, four-season riding arena there is no room for amateurs. Your horse has at least 1,000 pounds of mass (or closer to 2,000 pounds if you are one of my horses!) and they are constantly balancing on the edges of these four tiny feet. Then balancing atop their back sits you. Do you really want to cut corners on the area that makes the biggest impact on your horse's soundness and your safety?

 

I met Rick Triplett of Arena Rehab Specialists years ago after my own failed arena installation.  I had only boarded my horses prior to this, so I had no experience with installing arenas or footing.   I misjudged the qualifications of a part-time arena builder, and was left with hundreds of yards of demolition grade "hogsfuel" sitting in the middle of my property. I could literally see the nails and pieces of metal sticking out of this stuff. It was heartbreaking. I called Rick, who was referred to me by a long-time friend and equestrian center owner. Rick "arranged" the cleanup of the dangerous mess, and then installed a gorgeous, safe, well-draining, sand arena with polymer and felt additive mixed in. I can ride all year long. Rain or shine. My horses and I love it.  If I had called Rick first I would have saved myself a ton of heartache and expense.

 

Rick has installed arena footings for Bridle Trails State Park, The Seattle Police Department Mounted Patrol and countless private equestrian homes and multi-discipline training facilities all over Western Washington.  However, Rick's not just an arena specialist; he and his wife Kate are also lifetime horsemen (and women) and are breeders of champion Irish Sport Horses. I knew Rick would understand what I needed because he understands what the horses need.  If you'd like to see more of Rick's work and learn more about him, go to www.arena-rehab.com or the Facebook page for Arena Rehab Specialists. There is also a link on my website.  
 
Happy riding!

IN THE KNOW a few things I think you'll like:

Bellevue Named Top 10 City for New College Grads

"Prime ground to launch a new career"

 

Fabulous 340 Square Foot Manhattan Studio

Tons of style packed into a pint-sized space

 

9 Tips for Hiring a Contractor

How to find the right person for the job

FEATURED LISTING

STUNNING VIEW PROPERTY

Absolutely stunning estate of over 18 acres with views of the Olympics and the sound. Main home of over 3000 sq ft features a connoisseur kitchen and a soaring entertainment area. The separate master suite has a soaking tub, propane fireplace, and large walk-in closets. The French doors lead out to an expansive deck with stairs down to backyard. Property also includes a commercial greenhouse, horse barn, horse corral and a second home of almost 1000 sq ft with garage. Imagine!
Offered at $1,140,000
           [ find out more ]

If there's any additional information I can get you, please give me a call.
(And if you prefer not to receive these updates, just reply to this email and I will remove you from the mailing list.)
 
Copyright © 2013. All Rights Reserved.
 
Posted on November 30, 2014 at 6:14 pm
KiamaLise Herres | Category: Uncategorized

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