Greater Seattle Real Estate Broker, Mercer Island real estate, Bellevue real estate, Internet Coordinator, Author at Jake Kanev|Real Estate (206) 686-4700

2018 Holiday Happenings in the Seattle Area

Merry & Bright: Holiday Happenings Around the Sound


Our Northwest holidays may be wet, but they’re still bright! Make the most of the season with Seattle favorites—such as dazzling light displays and the Parade of Boats—along with new additions like the “Enchant” event with light mazes and ice skating inside Safeco field. Scroll down for all the details…

 

WildLights at Woodland Park Zoo

5500 Phinney Ave. N, Seattle, WA 98103
www.zoo.org/zoolights
click here to get tickets

  • Dates/Times: Open nightly 11/23/18 – 1/5/19 | 5:30 – 8:30 pm
  • Cost: $9.95 – $14.95 per person (ages 2 and under are free)
  • Promotion: Get a 10% group discount on WildLights tickets for groups of 20+ (12/14/18 – 1/5/19).
  • Parking: Free parking is available at all lots after 4:30 pm (admission at both gates)
  • Food: Refreshments are available at food kiosks, Pizza Corner, and at the Pacific Blue Chowder House (with covered seating provided). You are also welcome to bring your own food and non-alcoholic beverages.
  • Special activities: Carousel, fire pits, select indoor animal exhibits, ZooStore, & indoor snowball fights at the Snowmazium
  • Closures: December 12, 24 & 25, 2018

Image courtesy of https://zoo.org/zoolights


 

Winterfest at Seattle Center

305 Harrison Street, Seattle, WA 98109
www.seattlecenter.com/winterfest

Map


 

Enchant at Safeco Field

1250 1st Ave S, Seattle, WA 98134
https://enchantchristmas.com/seattle/
click here to get tickets

  • Dates/Times: 11/23/18 – 12/30/18 | Sun-Thu from 4 – 10 pm, Fri-Sat from 4 – 11 pm
  • Cost: $19 – $32.99 per person (ages 3 and under are free) | VIP passes with dinner starting at $64.99
  • Promotions: Discount days on 11/27, 12/4 & 12/11 | Discount on final 2 hours of any day | Group discounts for 15 or more
  • Parking: $8 – $60 at Safeco Field Garages or check out the city’s Interactive Parking Map
  • Food: Seasonal food and treat concessions throughout
  • Activities: Ice skating trail, light maze, visits with Santa & Mrs. Claus, nightly live music & shows, gift market
  • Closures: 11/26, 12/3 & 12/10

Enchant Ice Skating Trail


 

Garden d’Lights at Bellevue Botanical Garden

12001 Main Street, Bellevue WA 98005
https://bellevuebotanical.org/garden-dlights/
click here to get tickets

  • Dates/Times: Open nightly 11/24/18 – 12/30/18 | 4:30 – 9:00 pm
  • Cost: $5 per person (ages 10 and under are free)
  • Promotion: Free admission nights on November 24, 25, 26, 27, 28 & 29
  • Parking: Premium parking is $5 per car in the Garden’s lot (cash only) as space allows OR park for free at Wilburton Hill Park
  • Food: Hot drinks and snacks are available at the Aaron Education Center
  • Activities: Gingerbread village, live music
  • Holiday Closures: None

Image courtesy of https://gardendlights.org/


 

Snowflake Lane at the Bellevue Collection

Bellevue Way & NE 8th Street, Bellevue WA 98004
http://snowflakelane.com/


 

Christmas Ship Festival

Launch locations include Lake Union Park, Kirkland City Dock, Hyatt Regency Lake Washington, Des Moines Marina, Port of Poulsbo, Seattle Waterfront – Pier 55, Tacoma (Dock Street Marina), Edmonds, and Shilshole Bay Marina

www.argosycruises.com
click here to get tickets


 

Ivar’s Clam Lights at Gene Coulon Memorial Beach Park

1201 Lake Washington Blvd N, Renton, WA 98056
https://rentonwa.gov/clamlights

  • Dates/Times: Open nightly 11/30/18 – 1/1/19 | 5 – 9 pm
  • Cost: Free for all ages
  • Parking: Park for free at the Gene Coulon Memorial Beach Park parking lot
  • Kickoff Event on November 30th, 2018, 5:30-8:30: Music, selfie-station with Santa & Mrs. Claus in their sleigh, official lighting ceremony, Parade of Boats viewing, and a visit from the Christmas Ship and Dickens Carolers
  • Holiday Closures: None

 

Westlake Center Tree Lighting & Holiday Activities

400 Pine St., Seattle, WA 98101 (Westlake Park)
http://redtri.com/seattle/westlake-center-tree-lighting/

  • Dates/Times: Tree lighting ceremony on 11/23/18 at 4:30 pm. Holiday market Fri-Sun beginning 11/23 through 12/23. Carousel and other festive attractions through January 1st, 2019
  • Cost: Free for all ages
  • Parking: Access the Republic Parking garage from Olive Way between 4th & 5th Ave, or check out this interactive map of city parking
  • Activities: Carousel, Holiday Market at Westlake Park

Image courtesy of http://redtri.com


 

Zoolights at Point Defiance Zoo & Aquarium

5400 N Pearl St, Tacoma, WA 98407
www.pdza.org/event/zoolights
click here to get tickets

  • Dates/Times: Open nightly 11/23/2018 – 1/6/2019 | 5 – 9 pm
  • Cost: $10-$12 (free for kids 2 & under)
  • Promotions: $6 for zoo members; Scout discount night 12/4; Military discount nights Nov. 26, 28 & Dec. 3, 5, 10, 12, 17, & 19
  • Parking: Free parking in zoo lots (carpooling recommended)
  • Food: Warm drinks & treats available at the cafe and kiosks
  • Activities: Camel rides, carousel, aquarium, Kids’ Zone with animals
  • Holiday Closure: 12/24
https://www.pdza.org/wp-content/uploads/2018/05/Hero-zoolights-1440x500.jpg

Image courtesy of https://www.pdza.org


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

 

© Copyright 2018, Windermere Real Estate/Mercer Island.

 

Posted on November 13, 2018 at 11:32 am
Windermere Mercer Island | Category: Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Q3 2018 Seattle-Eastside Real Estate Report

Q3 Market Snapshot for Seattle and the Eastside

 

As Q3 comes to a close, 30-year fixed-rate mortgages are at their highest levels since April 2011—now averaging just above 4.7%. Even so, they are still far lower than their 30-year trendline. A 1% increase in mortgage interest rates decreases buying power by 10%. Or said differently, a 1% rate increase has the same net effect on monthly payment as a 10% increase in the sale price. That also means if prices fell 10% but rates went up 1% your payment would remain the same. This is a far bigger factor than most people consider.

 

Both first-time and move-up home buyers, with (finally!) more homes for sale to choose from and motivated by anticipated further rate hikes nipping at their heels, will feel the urgency to get moved and settled while they can still afford to do so.

 

Our market is likely to increasingly favor buyers as interest rates cause mortgage payments to increase uncomfortably beyond the affordability ceiling governed by personal income and wages. Properly-priced turn-key homes, and those in the most desirable settings, are still commanding very attractive prices and occasionally multiple offers. Everything else is seeing slowing appreciation and market softening. Strategic positioning, savvy marketing, and expert negotiation have never been so important as they are now.

 

Q3 Market Averages for Seattle

 

Click or scroll down to find your area report:

Seattle | Eastside | Mercer Island | Condos | Waterfront

 


SEATTLE

Seattle neighborhoods that were strongly bolstered by new construction and renovation saw the strongest sales activity, and not surprisingly, the greatest correlated price growth. Up 16.4% Q3 over Q3, the Queen Anne/Magnolia area led the charge, followed closely by Madison Park/Capitol Hill at 15.9%. Lake Forest Park/Kenmore at 13.2% and West Seattle at 12.5% also fared very well. Richmond Beach/Shoreline (6.2%), Ballard/Green Lake (4%), North Seattle (3.4%), and South Seattle (0.7%) saw notable price easing and contributed to rounding Seattle out to a modest 6.3% overall Q3 2017 to Q3 2018 median price increase.

Seattle Chart

Click here to view the complete report for a neighborhood by neighborhood breakdown of Average Sale Price, size, and number of homes sold.

Seattle Report

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EASTSIDE

Sharp increases in the number of homes for sale coupled with fewer international buyer transactions has caused a few ripples in the Eastside real estate market.

Mercer Island shows the strongest Q3 over Q3 increase in median sale price (see explanation below) at 19.7%, followed by Woodinville at 12.3% and Redmond at 12.2%. Bringing up the mid-section was West Bellevue at 8.0%, East of Lake Sammamish at 7.8%. Lagging the Eastside median increase of 7.3% were Kirkland (6.9%), South Eastside (2.0%), and East Bellevue (1.8%).

Eastside Chart

Click here for the full report and neighborhood-by-neighborhood statistics!

Eastside Review

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MERCER ISLAND

The Q3 median sale price was 19.7% higher than that of Q3 2017. However, its crucial to note that Q3 of 2017 was an anomaly with many land-value sales transacting at the low end of the price spectrum. The effect was that the median sale price was 10.2% lower than Q1 of that same year. Far fewer moderately priced homes transacted in Q3 of this year.

There were 89 sales in Q3 2017 and of those sales 45 were of homes priced below $1.5 million. Compare that to Q3 of 2018 with 74 sales, of which only 28 were priced below $1.5 million. The differential of sales between the two years was almost entirely composed of entry-level and land value home sales.

To further prove this, we looked at comparable homes sold this year and last (an approach like that of the Case-Schiller index). All things being roughly equal, the median sale price of that subset of homes increased only 9.0% from Q3 2017 to Q3 2018. This number is far more in alignment with what we have truly experienced in our market.

Mercer Island Chart

Click here to view the complete report for a neighborhood by neighborhood breakdown of Average Sale Price, size, and number of homes sold.

Mercer Island Report

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CONDOS – SEATTLE & EASTSIDE

Significant new construction projects underway or announced have dampened sales of existing condos somewhat, especially where they will directly compete with the new buildings. Neighborhood safety is being weighted more carefully against urban hip now more than ever. In Seattle, median sale prices of existing condos in Downtown Seattle/Belltown (-0.4%), Queen Anne/Magnolia (-4.8%), and North Seattle (-8.0%) have all decreased while surrounding areas have seen very strong to moderate Q3-Q3 increases. This quarter’s top contenders were Richmond Beach-Shoreline (30.3%), Ballard-Green Lake (26%), and West Seattle (25%).

On the Eastside, all areas except South Bellevue (-9.3%) saw considerable increases in the Q3 median sale price. East Bellevue (37.1%), Redmond (19.1%), and Kirkland (17.6%) topped the charts.

Check out all of these factoids and more in the full condo report.

Condo Report

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WATERFRONT

The Eastside has been a hotbed of waterfront closed sale activity with as many Q3 sales as Seattle, Mercer Island, and Lake Sammamish combined. The number of active private waterfront listings for sale on the Eastside is down compared to Q3 of both 2015 and 2016, while the listing levels of Seattle, Mercer Island and Lake Sammamish waterfront properties remain about the same.

With only two closed sales in Q3, Months of Inventory—the number of homes for sale divided by the number of homes that sold—climbed dramatically on Mercer Island. Seattle, with four closed waterfront sales, saw a similar but more moderate increase. The Eastside and Lake Sammamish both experienced improvement in the Months of Inventory indicator.

The highest private waterfront Q3 sale was of a newer 6,570 square foot Hunts Point modern estate designed by Baylis Architects with 80 feet of no-bank waterfront on just over an acre of lush, private grounds for $18 million. The lowest sale was a 1,010 square feet westside Lake Sammamish 1958 beach house with 60 feet of waterfront on a shy ¼ acre lot with permitted approval for a new 5000 square foot home.

Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.

Waterfront Report

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ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

 

© Copyright 2018, Windermere Real Estate/Mercer Island. Information and statistics derived from Northwest Multiple Listing Service and deemed accurate but not guaranteed.

Posted on October 9, 2018 at 10:27 am
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Kicks for Kids Shoe Drive Now Through August 15th

WHAT: Windermere’s Kicks for Kids event is a back-to-school sneaker drive for low-income youth, distributed through the Eastside Baby Corner.

WHY: Kids from struggling families are in need of back-to-school shoes that fit. When kids feel good about their appearance, it improves both their self-esteem and their performance in school.

WHEN: Formal shoe collection will take place from August 1st – August 15.

WHERE: Windermere Mercer Island is the collection point where you can drop off new athletic shoes or sneakers (youth sizes 1-6 and adult sizes 7-9) or $20 Payless Shoe Source gift cards.

WHO: Sponsored by Windermere Mercer Island in partnership with the Eastside Baby Corner, located in Issaquah, Washington.

Windermere Mercer Island invites you to help in its back-to-school sneaker drive, known as the Kicks for Kids Shoe Drive, which serves the local communities to connect low-income youth with shoes for the upcoming school year. This year, we’re connecting with the Eastside Baby Corner, which is an amazing organization that helps kids thrive by providing resources and essentials with their 51 partner agencies – 26 of which are access to services through schools. The Eastside Baby Corner partners with charitable organizations throughout the Greater Seattle Area and helps them with the resources they need to best assist local families in need.

Help us make sure every child has a new pair of shoes for school!

 

 

 


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

 

© Copyright 2018, Windermere Real Estate/Mercer Island.

Posted on August 2, 2018 at 12:38 pm
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Outdoor Living Trends for Summer 2018

Outdoor Living Trends for Summer 2018 - Windermere Mercer Island

 

The sun is back and summer is so close you can almost taste the s’mores being toasted around the fire pit…is this the year to spruce up your outdoor spaces? Fun new trends in alfresco design revolve around individuality of lifestyle and a desire to bring the inside out with rooms, furniture and lighting that would all be equally at home indoors. Cheesy, bulky and loud are out–quality, artisan and subtle are in. Here are some ideas to get you started:

 

1. Experiential Design

Newer outdoor concepts centered around the experiences of the owner–such as meditation gardens, outdoor movie screens, fireplaces/fire pits, children’s play spaces, and even life-size chess–are gradually replacing the cookie cutter yards of the past.


2. Chic Lighting

While Charlie Brown string lights have had their days in the sun, new trends are heading toward more sophisticated lighting fixtures. Shaded lamps, artisan and vintage fixtures are good choices for outdoor rooms and patios. We’re also seeing more indirect, low lighting that doesn’t compete with the stars.

 


3. Open Air Rooms

As weather-proof technology and materials improve, more homeowners are creating permanent outdoor living rooms, dining rooms, kitchens, and entertaining bars. Mildew-resistant curtains or folding glass doors can enclose the space as needed, while fireplaces or built-in space heaters keep things comfortable year-round.


4. Subtle Neutrals

We’re seeing a transition from bold stripes and colors to a softer palette with neutral tans, greys, greens, and dark blues. More discreet patterns follow the “indoors out” trend.

Photo courtesy of Kerry Joyce Associates.


5. Indoor Quality Furniture

Lighter fine-boned wood furniture with luxe upholstery is usurping those blocky, heavy, dark aluminum and plastic pieces that bake in the sun. Comfort and quality are key, with designer statement chairs and unexpected wicker pieces that are a far cry from your grandma’s wicker.


6. Alternative Flooring Materials

Many homeowners are moving beyond the rug, using new budget-friendly materials such as porcelain pavers or beechwood deck tiles to create a seamless indoor-to-outdoor look.


7. Smart Outdoor Tech

Whether it’s smart sprinklers that use soil moisture and weather data to adjust their water output, quieter & cleaner electric mowers, or 3D imaging programs that help landscapers develop and visualize designs, the world of smart technology is definitely making its way outdoors.

 

 


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

©2018, Windermere Real Estate/Mercer Island

Posted on June 5, 2018 at 5:41 pm
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Free Recycling & Shredding Event May 19th

Free Recycling Event Saturday, May 19th from 9am to 2pm

 

Hosted in our Parking Lot:

2737 77TH AVE SE
MERCER ISLAND

 


Bring your recyclable items (working or not) to the event. All recycling services are free!

We’re also sponsoring a Confidential Data Disposal truck for free, secure shredding of sensitive documents.

Saturday, May 19th
9 am – 2 pm


What we can recycle:

  • Most electronics, working or not, whole or in part
  • Scrap metal of any kind ferrous and non-ferrous
  • Appliances
  • Washers and dryers
  • Water heaters
  • Water coolers
  • Dishwashers
  • Small appliances, blenders, toasters, coffee makers, bread makers, kitchen wear, metal pots
  • Computers and computer Accessories
  • Flat Screen Computer monitors (no CRTs please)
  • Desktop PC Computers, Servers, Server racks
  • Laptop and Notebook Computers
  • Scanners and Copiers
  • Laser and Inkjet Printers
  • Fax Machines and All-In-One devices
  • Printer cartridges, toner cartridges
  • Computer speakers
  • Circuit Boards/Motherboards
  • Radios
  • Receivers
  • Speakers
  • CD Discs, DVD Discs, Media
  • Computer Parts
  • Desktop Computers
  • Keyboards
  • Laptops
  • Floppy Disks
  • Mixed Components
  • Modems
  • Multi Line Phones
  • Networking Hardware
  • PBX Systems
  • Phone Systems
  • PDA/Handheld Systems
  • Phone Answering Machines
  • Photo Copy Machines
  • Printer Parts
  • Printers
  • External Connectors
  • Fax Machines
  • Disk Drives
  • Batteries (not household alkaline batteries)
  • Larger Batteries/ Car Batteries
  • Dry Cell NiCad Batteries
  • Used Computer Items
  • Keyboards and mice
  • Backup UPS systems and UPS batteries
  • Cell Phone Batteries/ Laptop Batteries
  • Home Phones
  • Home Entertainment
  • Small Answering Machines
  • Stereo Equipment
  • DVD Players
  • VCR Players
  • Cellular Phones and Accessories
  • Used Paging Equipment
  • Cable TV Converter Equipment
  • CB’s
  • Chargers (cell phones)
  • Radio Equipment
  • Remote Control Handsets
  • Satellite TV Equipment
  • Scanners
  • Single Line Phones
  • Typewriters
  • Two Way Radios
  • VCR (Video Cassette Recorders)
  • Voicemail Systems
  • Video Cameras
  • Walkie Talkies
  • Wires and Connectors
  • Cables
  • Medical equipment
  • Vehicles
  • Motorbikes
  • Bicycles
  • Scooters
  • Tractors
  • Metal furniture, metal file cabinets, metal desks, metal shelving, metal window frame (please no glass)
  • Lawnmowers (please no gasoline)
  • Edgers
  • Generators
  • Metal patio furniture
  • Garden tools
  • Weed eaters
  • Metal containers
  • Books
  • Refrigerators

We cannot accept the following:

  • Wood furniture
  • CRT televisions (flat screens OK)
  • CRT monitors (flat screens OK)
  • Chemicals
  • Paint
  • Tires
  • Lightbulbs
  • Glass
  • Gasoline
  • Oil

Posted on May 4, 2018 at 10:22 am
Windermere Mercer Island | Category: Uncategorized | Tagged , , , , , , , , , ,

Planning ahead: how tax reform will impact your home deductions next year

2018 Tax Changes for Home Owners

 

While you may still be busy filing your 2017 taxes, it’s important to look ahead and be aware of how the new 2018 tax reform laws will affect next year’s return–especially if you’re a homeowner. Those who itemize will need to note some big changes in what they can and cannot deduct. Many will instead choose to use the new higher standard deduction ($12,000 for single individuals and $24,000 for joint returns) rather than itemizing their deductions.

What can you do now? Check in with your accountant for advice specific to your situation and filing status. Also, you’ll probably want to update your withholding amount to reflect the new deduction amounts. In the meantime, here is the skinny on 5 changes that may affect you if you own a home…

 

1. Mortgage Interest Deduction

The deduction that allows homeowners to reduce their taxable income by the amount of mortgage interest they pay has been scaled back.

  • For loans taken out after 12/14/17, you can now only deduct mortgage interest paid on the first $750,000 of combined debt for primary and secondary residences (or $375,000 if married filing separately).
  • Current loans of up to $1 million are grandfathered and are not subject to the new $750,000 cap if they were taken out before 12/15/17 (or if you entered into your purchase contract prior to 12/15/17 and the sale closed by 1/1/18).
  • You can continue to deduct the interest on grandfathered loans even if you refinance.

 

2. Home Equity Loan Deduction

Under the former tax law, you were able to deduct the interest on up to $100,000 of home equity debt even if the proceeds were used for something other than buying or improving the home (for example, an equity line of credit used to pay college tuition). This is now no longer the case.

  • New 2018 law eliminates the deduction for interest on home equity debt unless it’s used to buy, build, or substantially improve the home that secures the loan.
  • Loans to buy second homes do not qualify for the interest deduction if they’re taken out against the equity of your primary home.

 

3. Deduction for Property & Sales Taxes

Tax relief for homeowners who pay property taxes has also been limited.

  • Itemized deductions for property taxes, sales taxes, state income taxes, and any other local taxes will now be limited to a combined total of $10,000.
  • The combined limit drops to $5,000 if married filing separately.

 

4. Deduction for Moving Expenses

While you used to be able to deduct some moving expenses when you moved for a new job, this deduction has been repealed for everyone except active-duty members of the armed forces.

 

5. Deduction for Casualty Losses

Under former law, substantial losses to your home and personal property through things like fires and robberies could be deducted from your taxable income. Under the new law, this deduction is eliminated for everything except presidential-declared natural disasters.

 

Want to know more?

 

The above article is presented for informational purposes only and is not intended to replace professional tax advice from your accountant.

Sources:
“The Tax Cuts and Jobs Act – What it Means for Homeowners and Real Estate Professionals,” by the National Association of Realtors
“5 Homeownership Changes Coming Under New Tax Law” by NerdWallet
“Tax Reform” by the Internal Revenue Service


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

©2018, Windermere Real Estate/Mercer Island

Posted on March 14, 2018 at 1:04 pm
Windermere Mercer Island | Category: Uncategorized | Tagged , , , , , , , , , ,