North Seattle English Tudor Available: $1,375,000

Broadview home

This timeless 1928 English Tudor home sits on 3/4 of an acre, and is now available. A true estate experience, this home has pillared entrance with a circular drive, sunny manicured lawns, and beautiful garden space. Features include herringbone oak floors and original stained glass windows. Extensive remodel addition includes country kitchen with eating space, Viking range refrigerator oak cabinets, living room with 2 story ceiling, a wet bar, and a large home office. The dining room is custom wall papered with French doors, and the master has a huge walk-in closet. Two car heated garage attached. For more information about this lovely home, please contact your local real estate agent today.

Status: For Sale
Bed/Bath: 4/2.5
Price: $1,375,000

Housing Inventory Rises in Seattle

If you have been active in the market to buy a new home, you know how tough it has been to find a property that meets your needs and fits your budget. For most of 2013 more people were looking to be buyers rather than sellers which led to an inventory shortage in the Seattle market. For the first time this year (according to this Seattle PI article) we are starting to see the inventory of houses increase while the number of buyers stay roughly the same. Currently the level of housing inventory is about the same as November 2012 with the median home price in Seattle at $408,000. All of this is a good sign if you are in the market for a new home.489177

While there are more houses available today than a couple months ago, that does not mean the real estate market is slowing down. Compared to last year the total number of sales for the month of June increased 11%. With interest rates still low and the inventory of houses increasing, this may be a great time to consider purchasing!

Ballard Residents Buying Up Air Rights

The latest trend in the Seattle real estate market may not be the buying or selling of the house on your property but rather the air rights above it. According to this story, people around the Seattle area including Ballard are buying their neighbors air rights in order to protect their priceless views. Whether it be a panoramic view of downtown Seattle or a clear look at Puget Sound, people are spending money to protect their views as the trend to build higher continues to grow.

One of the main reasons for this trend is that the population density in neighborhoods like Ballard have grown so fast that people can no longer build out to increase their houses square footage, leaving the only other option which is to build up. According to the article air rights are selling for anywhere between $50,000 to $250,000 which some neighbors are happy to pay if it means their views remain the same. 

So the next time that you see your neighbors house for sale, one thing that you may want to consider is if the new owners were to build up, would they block my priceless view?