Friday, October 30, 2009

Flood Plain Maps of Green River Valley

  These maps from the Army Corp of Engineer's are pretty interesting.   http://tinyurl.com/yfasgzc  

The flooding which may occur if we have a perfect storm or alignment of the moons is pretty staggering.    I was driving in the Kent Valley last week end  and there is a lot of commercial warehouse space that is for lease. I don't know if the potential flooding is scaring tenants away or just the general state of the economy.  If the Howard Hanson dam is not fixed before the businesses start to expand, those businesses will expand elsewhere.

Wednesday, October 28, 2009

Rainier Beach House Rented


This house is currently rented.  Thanks you for your interest.
The green house on S Fletcher Street, in Rainier Beach neighborhood of Seattle, has 2 bedrooms and 1 bath. There is a washer and dryer, carpeted floors, and a small storage shed in the rear yard.
It is located on a hill high above the surrounding streets, which provides some views of nearby Lake Washington and the surrounding neighborhood. The house has very large yard, the front yard is partially fenced and the rear yard is fenced. You may have a dog, and a dog door is available if your dog likes the ability to go in and out on their own.
The house is close to buses including the 7,9,32,36,39,42,48,106 and 107. Some offer express service to downtown. It is about a1/4 mile walk to the Rainier Beach light rail station.
The house is old but clean, and is value priced to reflect this. This will make a very nice home to someone looking for a quiet and private place to live.
Driving to downtown Seattle is possible in 12 minutes without speeding. Walk to buy groceries at SAARS or new Safeway. Numerous bus routes stop near here
There is off street parking which is accessed by a shared driveway.
It is available now, so please drive by and take a look. Please email if you are interested in more information or to schedule a time to look inside. My email is danielbretzke@gmail.com and phone number is 206 310 2190.
Credit check is $45, Please good credit and verifiable source of income.

Daniel Bretzke,
Better Properties Real Estate
South Seattle Real Estate and Rainier Beach Real Estate Blog at
http://danielbretzke.blogspot.com/
danielbretzke@gmail.com
Mailing address:
PO Box 1151, Mercer Island, WA 98040
Cell phone: 206 310 2190
Fax 206 219 6691

Rainier Beach Apatment at Mar Vista, Rented

Large 2 Bed, 1 Bath, lake Washington view apartment
1 block from Lake Washington near restaurants
Washer and dryer in unit
Off street parking
Microwave
Dishwasher
Granite counter tops in kitchen
Vinyl double pane windows
Electric baseboard heat
Wood Floors
View Deck

Bike access to Seward Park Avenue 1/2 block
Off street parking
Bus stop for 48, 9 and 7 on the same block Easy walk to 9,32,36,39,42,106 and 107 bus routes.
½ mile walk or connecting buses to Sound Transit Light rail station at Rainier Beach.

Easy walk to new Safeway, SAARS, King Donut, Payless drug, pool and library

Drive to downtown Seattle in 14 minutes.
Renton, Ikea and Southcenter just a few miles further South.

9215 56th AV S, apt 7

If you would like an appointment, e-mail at danielbretzke@gmail.com is great. You can also call my cell at 206 310 2190

This is a no smoking unit.
Credit check is $45, Please good credit and verifiable source of income.


It is currently rented. I Please email if you are interested in more information or to schedule a time to look inside. My email is danielbretzke@gmail.com and phone number is 206 310 2190.


Daniel Bretzke,
Better Properties Real Estate
South Seattle Real Estate and Rainier Beach Real Estate Real Estate Blog at
http://danielbretzke.blogspot.com/
danielbretzke@gmail.com
Mailing address:
PO Box 1151, Mercer Island, WA 98040
Cell phone: 206 310 2190
Fax 206 219 6691

Tuesday, October 27, 2009

Market Update

My market summary areas that includes Rainier Beach, Upper Rainer Beach, Dunlap, Pritchard Beach and Kubota Gardens, with a north boundary from Kenyon, south boundary of Bangor, east boundary 62nd Ave South, and West Boundary of Martin Luther King Way, using the information available on the NWMLS. I have been keeping track of this area over the past three years. The number of homes on the market for the past three years has ranged from 50 to almost 90. Right now there are 51 active listing on the market.
I think the market reached the bottom six months ago. This was the point there were more distressed properties on the market, and if they sold, they sold near the land value. Today’s market includes mostly homes ready for occupancy. There are only a few “fixers” on the market. The market knows that if they want a house sold quickly it needs to be move in ready, with few repairs.
The asking price for homes is about 20% less than six months ago. The real difference is in the quality of the homes on the market. The homes on the market six months ago needed major work, now the homes are mostly move in ready. Homes on the market today are in better condition, cheaper, and there are fewer in supply. As the supply is reduced, new home and new town homes and remodeled bank owned homes will keep the supply constant over the next year.

Monday, October 26, 2009

Rainer Beach Market Summary As Of 10/26/09 with six months comparison

Rainer Beach Market Summary As Of 10/26/09 with a six months comparison.
This summary includes Rainier Beach, Upper Rainer Beach, Dunlap, Pritchard Beach and Kubota Gardens, with a north boundary from Kenyon, south boundary of Bangor, east boundary 62nd Ave South, and West Boundary of Martin Luther King Way, using the information available on the NWMLS.

Currently there are 51 active residential listings on the market, down from 71 six months ago.
Low $143,550 down from $145,000
Median $ 324,950 d0wn from $388,500
High $1,900,000 down from $3,385,000


Currently there are five multi - family houses on the market, down from 6 six months ago.
High price is $2,490,000 up from $1,890.000 six months ago
Median price is $1,399,000 up from $465,969 six months ago
Low is $371,00 up from $344,950 six months ago


Currently there are 12 vacant residential development lots on the market.
High price $ 1,999,950 down from $495,000
Median $ 160,00 down from $224,450


Currently there are 9 condominium units on the market, up from 7 six months ago
High price $ 310,900 down from $499,000
Median $ 120,750 down from $344.,895
Low $ 45,000 down from $203.950

The market price for a starter home starts off at $185,00 for a small two bedroom two bath room starter.
A nice family sized home can be had for $237,000 which has just had a price drop of $18,000 for a remodeled Fannie Mae owned home. This home sat vacant over a year, then toward the end of summer it was cleaned up, painted and put on the market. The house is being sold below the assessed tax value of $302,000. Price per square foot is $162. The house has been on the market for 38 days.
A new townhome can be purchased for $229k to $260k walking distance to the light rail.
A new single family detached home can be purchased for $325k.
A house with a view can be purchased for $360k
A lake Washington water front home can be purchased for $650k
A six thousand square foot Lake Washington water front estate can be purchased below assessed value at $1,900k.

Wednesday, October 21, 2009

Thinking of selling your home in Renton? What I can offer you.

I have done some research on the selling prices of homes in the east Renton neighborhood near Renton Technical College. The prices of house that have sold in the last 30 days range from $190k to 253k. The homes that are ready condition and require little work receive on the average a higher price than ones that are either bank owned or where owners have not prepared them to sell.

A house which is not completely ready for someone to move into, such as one needing yard work and minor repairs is in the middle of the range. Houses at the low end of the range are vacant and bank owned properties. Properties at the high end of the range are vacant remodeled homes.


You may ask why you should list your home now. There are advantages of listing your home and having it on the market place for a reasonable time. It allows a wider market place to review your home, compare with others, and for the future owners to make a decision. There are a lot of people who are sitting on the fence right now, waiting for the perfect home. The end of the year is approaching and people are trying to close a home to receive the credit for first time homeowners. .

If you chose to list with me, this is what I will do for you.

• I will list the home on the Northwest Multiple Listing Services, which allows the greatest exposure of your home.
• I will also list the home with pictures on Zillow with at least 10 pictures of your house, and purchase a banner advertisement. I am currently listed as a “Zillow All Star”, for my participation and listing on Zillow.
• I will list on and Trulia, an internet real estate web sites, and will purchase a banner advertisement.
• I will write about your home on Facebook, and Twitter, both internet social networking groups.
• I will write about your home on my real estate blog.
• I will put a weekly ad on Craigslist that targets first time home owners.
• I will hold one open house on either a Saturday or Sunday, which will be advertized via craigslist ad, and on the multiple listing site. I will install a sign in front.
• I promise to review all offers with you within 24 hours of receiving them.
• I will have a Northwest Multiple Key Box installed on your house along with instructions of how other agents can contact you for a showing.

For this service I will list your property for a 5% sales commission. 3% would go to the selling agent, and 2% is shared between my office and I.

In terms of pricing I suggest that we start at the highest end of the range. Depending upon amount of showings and general interest, I would suggest lowering the price until there is interest, at which point we try different ways to market the property. After twelve weeks on the multiple listing and with price drops and advertising, your house should sell.


If you have any questions please call. I look forward to helping on the sale of your home. .

Sincerely


Daniel Bretzke

Tuesday, October 6, 2009

Where is the market going?

Where is the market going?  Can we really get out of this slump?  
People have spent a lot of imaginary money created from rising value of their stocks and houses, and now that source has dried up.  Once enough people have paid off their debts or saved money, they will start to move, get new jobs, upsize or down size, then the housing market will become more fluid. What made prices go up recently was the availability of easy credit. With that gone, now people have to save a down payment, and have good credit. In two or three years, we will be back to pricing homes based upon the value of the land plus construction costs. Supply and demand will be balanced in some markets. I think the Seattle market will return to balance very soon, as people do not sell their homes or vacant land until they need to do so, thus supply is limited. Builders are only building new when they have a sale or when they have cash to build, thus supply is limited.