[8] November 4, 2011
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REAL ESTATE & FINANCIAL KIRKLAND
Your guide to Real Estate and home buying & selling
How the real estate market fares in Kirkland
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963 6th St S Kirkland, WA 98033 425-828-9087 538445
How to look for potential financial exploitation of vulnerable adults Recently, I attended Washington’s 8th Annual Conference on Abuse of Elders and Adults with Disabilities. This conference provides valuable insight to those individuals who may encounter elder abuse, including law enforcement, caregivers, ombudsmen, and any oth-
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er professionals or adults interested in learning more about this growing issue. As baby boomers age and life expectancy increases, the population of older adults increases. In turn, the pool of potential victims increases. Combine this with a downturn in the economy, substance dependency issues, and what seems to be a growing need to “keep up with the Jones” and you can understand why elder abuse is on the rise. Elder abuse involves a wide range of topics, such
as physical, sexual, and mental abuse. Sometimes forgotten in this definition is financial exploitation. Financial exploitation involves a person who intentionally manipulates another for his or her own gain. The victims tend to be vulnerable adults who are targeted due to their medical, emotional, or psychological state. The victim may be lonely or suffering from dementia, whether diagnosed or not. Perpetrators may come from anywhere, including family members, caregivers, religious groups, social organizations, strangers, etc. Signs of potential abuse include the following: • Changes in routine
COMMENTARY
Financial exploitation of older adults
• Changes in body language and mannerisms • Changes in social interaction • Not bathing or eating • New “friends” • Changes in spending habits The above is obviously not all inclusive. I urge everyone to be aware and interact with your parents, grandparents and neighbors. Take any complaints you hear seriously, even if it is something that you could never imagine happening to your loved one. If you suspect abuse, contact Adult Protective Services (APS) at 1-866-EndHarm (1-866363-4276) or visit their website at www.aasa.dshs. wa.gov/APS.
percent increase in sales from 12 months ago, this has not translated to higher prices, which have decreased 5 percent across the board. The inventory is down 21 percent and the average market time to sell was 105 days. So, how does Kirkland compare with those figures? We’ve seen an increase in
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time or inclination to make repairs after purchasing and are searching for a home in turn-key condition versus a foreclosure, distressed sale or the like which usually need much more work. According to the Northwest Multiple Listing Service, even though King County has seen an average 20
Steve Geertz
homes that are in poor repair or lacking any substantial remodeling are still lingering on the market for months, whereas those that are in pristine condition in similar locations usually sell in days and multiple offers aren’t that unusual. Our busy and savvy buyers today just don’t have the
homes on the market has dropped dramatically, the number of sold properties has been very consistent throughout the year. This confirms that even though it is still a buyer’s market with prices holding or trending slightly downward, the homes that have sold here have been priced [ more MARKET page 9 ]
COMMENTARY
I
n today’s housing market, Kirkland and the rest of the Eastside are experiencing low inventory and stiff competition for homes that are in move-in condition, updated and priced realistically. The low inventory is a normal seasonal event, but the difference is that the
sales of 34 percent from a year ago, though our average sales price has decreased 7.7 percent and inventory is down 28 percent from this time last year. Kirkland’s average market time is 100 days for the year, but that has dropped considerably to 83 days in the last six months. Even though the number of
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November 4, 2011 [9]
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REAL ESTATE & FINANCIAL KIRKLAND
Your guide to Real Estate and home buying & selling
Residential Housing in 98033 & 98034
12235 93rd Ave NE 5525 116th Ave NE 13502 117th Ave NE 11601 NE 149th St 13211 129 Place NE 12029 NE 133rd Place 13433 90th Place NE 8426 NE 139th St 12407 NE 73rd St 6021 104th Ave NE 9477 NE 121st Place 13456 NE 100th St 8108 126th Ave NE 12420 NE 106th Lane 322 5th Ave S #322 11330 NE 128th St 12233 NE 64th St 8023 NE 131st Ct NE 12212 102nd Place NE 12703 NE 101 Place 10222 119th Ave NE 11412 113th Place NE 12702 NE 94 Ct 11420 NE 97th St 12821 NE 108 Place
$196,000 $180,000 $230,000 $250,000 $230,000 $232,500 $262,000 $259,000 $282,000 $400,000 $294,000 $320,000 $331,250 $338,000 $351,800 $336,000 $367,500 $359,500 $381,000 $395,899 $392,000 $389,950 $392,000 $420,000 $437,500
11336 NE 67th St #B1 $457,000 1012 5th St Kirkland $482,500 10124 111th Ave NE $464,920 1510 3rd St Kirkland $460,000 10504 NE 114TH Lane $501,000 613 12 Ave $529,950 12725 NE 86th St $525,000 12840 NE 88th St $559,000 7134 NE 132nd Lane $560,000 11611 73rd Place NE $497,000 723 3rd St S $600,000 11726 NE 95th St $639,000 11307 100th Ave NE $696,000 8028 NE 126th St $705,000 6237 111th Ave NE $728,000 6543 125th Ave NE $775,000 12633 N 104th St $758,000 10141 NE 62nd St $798,000 4143 118th Ave NE $850,000 731 20th Ave W $905,000 5904 110 Ave NE $1,065,000 1401 2nd St $1,570,000 802 1st St $1,600,000 515 5th Ave W $1,500,000 11122 79 Place NE $2,995,000 Residential Housing Averages Average. List Price $598,012 Average Sales Price $584,965 CDOM (Cumulative Days on Market) 85
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Integrity
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Condos/Townhomes in 98033 & 98034 12515 NE 145th Place #D123 $39,025 14507 127th Ave NE #I-64 $54,000 12601 109th Ct NE #K-101 $63,000 12744 NE 116th Lane #K-21 $65,000 12515 NE 132nd Ct #A203 $60,000 10004 NE 120th Lane #A102 $92,900 11313 NE 128th St #E204 $98,500 12704 NE 144th St #A101 $96,000 12044 96th Ave NE #225 $113,000 12717 NE 116th St #D204 $107,500 11113 NE 125th Lane #E-217 $120,000 7328 NE 142ND Place #B $123,500 10002 NE 124th Place #10002 $138,000 12630 100th Ave NE #G-134 $148,500 11920 98th Ave NE #102 $160,000 13025 102nd Lane NE #1 $140,000 1111 Kirkland Ave #4A $165,000 406 10th St #F101 $182,000 9935 NE 144 Lane #1003 $186,500 220 1st St #411 $255,000 6717 110th Ave NE #A3 $266,000 8719 123rd Lane NE #8719 $291,000 122 State St S #E304 $305,000 122 State St S #E 214 $325,000 408 2nd Ave S #B101 $365,000 122 State St S #E315 $417,135 11336 NE 67th St #B1 $457,000 8629 112th Lane NE $515,000 10141 NE 62nd St $798,000 Condos/Townhomes Averages Average. List Price $211,950 Average Sales Price $222,524 CDOM (Cumulative Days on Market) 117
[ MARKET from page 8]
very competitively, were sold more quickly and closer to their original listed price. In my observation, those homes have also been in excellent condition and well-updated. It seems we have weathered the poor housing market and economy much better than many of our neighbors and we’re getting stronger every day. I see this as a testament to Kirkland’s prime location
on Lake Washington’s edge, close proximity to many major employers, its strong community spirit and superb livability. If you’re a Kirkland resident thinking of selling, just keeping your home wellmaintained and upgraded and then pricing it well should bring you success.
Chelle Nelson is with Yarrow Bay Windermere Real Estate. Visit www. chellenelson.com
Clive Egdes 206-251-1680
Windermere Real Estate/Central, Inc.
Clive@Windermere.com www.Kirklandhomelistings.com
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[10] November 4, 2011
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Real Estate
Windermere Real Estate East, Inc. Kirkland/Yarrow Bay Office 3933 Lake Washington Blvd NE, Suite 100
425-822-5100
Natasha Bosch 425-766-8019 www.kirklandstyle.com
Heidi Bright 425-820-5343 www.bigdogrealty.com
Craig Gaudry 425-576-5555 www.craig@gaudry.com
G.G. Getz 206-915-7777 www.gggetz.com
MEDINA NEW HOME!
Kathryne Green 425-766-1315 kathrynegreen@windermere.com
Kathy Magner 425-803-9457 kathy@kathymagner.com
Chelle Nelson 206-953-5927 www.chellenelson.com
Carlene Sandstrom 206-910-3662 www.carlenesandstrom.com
HEIDI BRIGHT 425-820-5343
SO
SO
LD
WEST OF MARKET
$2,900,000
Exquisitely remodeled & immaculately maintained rambler on one of the best lots positioned to maximize lake, city & MT views!Timelessly elegant, an entertainer’s dream home. Perfect indoor-outdoor flow in this private retreat. www.kathymagner.com
KATHY MAGNER
HOUGHTON
425-803-9457
$1,100,000
Stunning Masterpiece w/striking architectural lines by renowned builder Chaffey Homes. Luxury finishes highlighted by 4 bdrms, 3.75 baths, den/office & bonus rm on a beautiful 13,134 sqft lot. View photos at www.KirklandHomesOnline.com MLS #281619
CRAIG GAUDRY
425-576-5555
$4,500,000
Rare “Horse Acre” in extraordinary location. Perfectly level, offering views and privacy, and build-ready. Prelim Architecture available, call for more details! www.BigDogRealty.com
LD
CLYDE HILL
$1,450,000
NW Contemp with dramatic entry & cathedral ceilings framing the view from this 5 bdrm, 4 bth daylight rambler in desirable Aqua Vista neighbrhd. Beautiful views of Lk Wash from nearly every room on a very private shy half-acre lot.
CHELLE NELSON
206-953-5927
WOODINVILLE
$499,400
Perfect designer showcase backed by Greenspace for utmost privacy & quiet. Luxury materials & finishes: granite counters & huge island; hardwoods thru main level. Romantic Master w/see-thru frplc. Gourmet in You kitchen. 20232 134th Ave NE. www.gggetzresults.com
GG GETZ
206-915-7777
WEST OF MARKET
$1,237,000
Lake views & an idyllic location...Perfect, flowing floor plan, huge kitchen & great room open to west-facing patio & lawn. 4 Bdrm+Bonus up, Den on main. Peaceful master w/ vaulted ceilings, sunny view deck. www.kirklandstyle.com
NATASHA BOSCH
425-766-8019
KIRKLAND
$448,777
Tri-level sits majestically on lrg, lush lot. Lovingly updated & upgraded w/designer colors, all new - rng i.e. bamboo, tile and hi-end carpeting. Great Rm w/soaring ceilings. www.highlandsperfection.info GG Getz…’Results’!
GG GETZ
206-915-7777
SO
LD
$369,950
KATHRYNE GREEN
425-766-1315
KIRKLAND
$369,900
In the HEART of everything KIRKLAND!!! 2bed/1.5 bath townhome w/glorious water, city & mountain VIEWS! Complete HIGH END remodel w/2 car garage, private patio, deck & pet friendly! www.CarleneSandstrom.com
CARLENE SANDSTROM
206-910-3662
GOAT HILL
$159,000
Level lot w/ SW views of Lake WA, Bellevue Cityscape, & Mt Rainier! Quiet setting,Private Beach & moorage avail. Enjoy beach, tennis, shops & restaurants! www.BigDogRealty.com
HEIDI BRIGHT
425-820-5343 539619
KIRKLAND
Sweet Cottage w/tons of upgrades just 3 blocks from Juanita Beach Wtrfrnt Park. Giant sunny wrap-around deck nestled at base of Goat Hill on Huge 13K Sq Ft Lot. Detached studio options: MIL/Garage/Shop? Listing courtesy John L Scott