March Real Estate Recap

The Ballard real estate market continues to be very active in March as we saw 13% more units sold this past month than in 2013. While the average price per sale decreased by about $10,000 when you compare it to March 2013, the year to date average sale price in Ballard is over 5% higher than 2013. One reason that Ballard home prices are higher is due to the limited inventory available. Currently the Ballard inventory is less than one month’s supply which is lowest in the Seattle area. Sellers are taking advantage of this market due to the greater demand for the few quality properties available. Multiple offers, waiving of contingencies, and short closing periods are all common in today’s market. Currently the average home in Ballard is on the market less time (26 days) than any other area in Seattle. If you are looking to sell your home or if you have any real estate related questions, feel free to let me know.

*Stats provided by the Northwest Multiple Listing Service

Easter Brunch In the Ballard(ish) Area

brunch

Besides the Easter bunny and eating your weight in chocolate, Easter means one thing: brunch! If you’re not preparing a meal at home while the little ones hunt for eggs this Sunday, you could choose to let someone else do the cooking for you at one of these Ballard (and surrounding area) restaurants, all offering delicious spring-inspired menus.

All three of chef Maria Hines’ restaurants will be offering special three-course menus for Easter. Albacore tuna benedict, blueberry apricot scones and omelets will be on offer at Fremont’s Sicilian-inspired Agrodolce. Oh, and most importantly: bottomless mimosas. $25 per diner. At Hines’ Ballard outpost, the Mediterranean-influenced Golden Beetle, diners can sample housemade yogurt, pork shank hash and rosewater baklava, among other offerings on the menu. $25 per diner. A little further up the hill in Wallingford, Tilth will offer a three-course menu for $30, or $40 including a mimosa and coffee.

Hot Cakes Molten Chocolate Cakery on Ballard Avenue will be serving baked-to-order frittatas and Easter treats such as creme yvette and lemon curd milkshakes, along with a “brunch punch.” Sounds delicious!

Vif Wine and Coffee in Fremont will host a three-course brunch featuring a sweet and savory pastry board with house-made jam, polenta with spring vegetables, poached egg and ham, and buttermilk panna cotta with rhubarb compote and pistachio shortbread. If that doesn’t get you in the mood for spring, we don’t know what will! $25 per diner.

 

Two Suspects Held After Assault On Metro Driver

Crime

Two suspects have been arrested in connection with the threatening of a Metro driver with a gun early Saturday morning near the Holman Road QFC, according to The Seattle Times.

Police set up a containment area shortly after the incident in the neighborhood around NW 97th Street and 7th Avenue Northwest, and located one female juvenile suspect, another suspect who matched the description of the person who initially had the gun, and later a police dog located a third suspect hiding under a parked car. The suspect found under the car was armed with a knife and a gun was found nearby. Police said they arrested the two “primary” suspects, but didn’t specify which two they were.

Between 2009 and 2011 the number of assaults on Metro bus drivers decreased each year, from 149 in 2009 to 86 in 2010 and 84 in 2011. The number climbed back up to 107 in 2012, and numbers for 2013 and for the first part of 2014 are not yet available. Metro says their overall goal is to bring the number of assaults on drivers down to 10 per year.

Broadview English Tudor Home for Sale

If you are in the market for a home in the Broadview area, then take a look at this 1928 English Tudor which sits on 3/4 of an acre of land. With a grand entrance and a circular drive way, you get the feeling that you are about to enter a luxury estate. Included in this home are 4 bedrooms, a large fire place, and many other custom features that make this home what it is.

GetMedia

For all the information on this property, check out this site. Or better yet, there will be an open house this Sunday March 23rd from 1:00 to 3:00pm where you can see for yourself what this place has to offer.

Ballard Real Estate Recap: February 2014

The Ballard real estate market continued its previous trend of low supply and high demand in February. With inventory down to a one month supply (compared to 2.5 months in all of King County) the few Ballard homes that are on the market are quickly selling. This is also reinforced by the 6% increase of single family homes sold this February compared to February 2013. Because of low levels of inventory Ballard homes are selling faster and for more.

The median home in Ballard this past month sold for $484,000 compared to $423,000 this time last year. While Ballard being an attractive place to live is part of the reason for the increase in home prices, another has to do with there being 14% less actives now on the market than in 2013.

If you have previously considered selling your home, there could not be a more attractive time to take advantage of this current market than now. If you would like to discuss this further or have any other real estate questions, feel free to contact me at any point.

Ballard High School Set to Perform Urinetown

Get ready for the next great Ballard High School Performing Arts musical, Urinetown. Next Thursday March 6th is opening night where the Ballard Foundation will host a meet and greet with the cast, a buffet dinner, and various speakers who will highlight the work done by the performing arts. Tickets to this opening night event are as follows.

  • Individual Tickets Upper Level $45
  • Individual Patron Tickets Lower Level $75
  • Tables for 8 $360
  • Patron Tables for 8 $600

If you cannot make opening night, you will have plenty of chances to catch this hilarious musical. Ballard students will also perform this on Friday & Saturday March 7 & 8th as well as the following week March 14 & 15. For more information about this musical and purchasing tickets, please visit the Ballard High School Performing Arts site.

If Ice Caps Melt Ballard Will Look Like…

According to Jeffrey Lin, a campus planner at University of Washington with a background in geography, Ballard would look a whole lot different than it does today if all the ice caps in the world melted. With new geographical names such as Phinney Peninsula, Crown Point, Loyal Headlands, and a new Bay of Ballard, the make up of Ballard would change dramatically.  While the idea that this will take place in the near future is far fetched at best, it is interesting to see how our geography could change in the future.  See his illustration of what Ballard could look like below.

Ballard Real Estate Update

Overall January was a promising month for the 705 area of Seattle which includes Ballard, Fremont, and other N. Seattle neighborhoods that are west of the I-5 and South of 145th St.  This past month the number of new listings increased by over 33% compared to January 2013 which is great news since we are currently at a one month supply of inventory.  Hopefully this trend continues as we move toward the spring so that we can get closer to a healthier level of inventory.

The median sold price in N. Seattle also increased by 6% compared to January 2013 from $430,000 to $456,000 in January 2014. The 705 area is well beyond the average median home price of King County. January was a strong start to the New Year. With home values increasing, more buyers looking for homes, and as N. Seattle continues to be one the most preferred areas in Seattle to live in, 2014 looks to be a great time to be in the market.

 

Reuben’s Brews’ Raises Money

According to this MyBallard article, Reuben’s Brewery (located in downtown Ballard) has raised over $7,000 for different local charities. Beginning last May, Reuben’s hosts a different charity or non-profit organization each Thursday and then donates $1 of every pint or growler that is sold that night to the featured organization.

Another aspect that is unique, is that Reuben’s encourages representatives from that nights featured organization to attend and raise awareness for their cause by talking about what they do. Tonight from 3pm to 8pm MEOW Cat Rescue will be the featured organization. For more information about this great weekly event, please visit Reuben’s website. 

Phinney Ridge Makes Top Ten

According to this article by RedFin, Phinney Ridge will be one of the top ten hottest real estate markets in 2014. By comparing page views by patrons of the site to different properties all over the country, RedFin determined that Phinney Ridge is going to have a big year. They saw a 178% increase of page views of properties in this area when compared to the previous year. That coupled with the median home price in the Phinney Ridge neighborhood being just over $500,000 lands it at #7 according to RedFin. 

The article states that “the real trend in the 2014 neighborhood popularity is a short commute at an affordable price. The trending neighborhoods offer a short drive to or easy access to a commuter rail line at prices that are not the most expensive in the city.” With easy access to downtown Seattle as well as many transit options, Phinney Ridge fits this description perfectly. I’m sure Red Mill will approve of this!