Buying or selling in Seattle or Bellevue? Let's chat!
We are all about living in Seattle, moving to Seattle, and relocating to Seattle. We also cover living in Bellevue, Kirkland, and Redmond. Whether you're looking for a home, condo, or floating home, we cover them all!
So if you need help buying or selling a home and need an agent who deeply understands what's happening with the Seattle-area real estate market, reach out! Feel free to ask me about living in a floating home, remodeling (I've done five big projects!), and building a new home (we're building one now).
Whether you're moving in 9 days or 9 months, call, text, or email us.
I like Olive 8 the most. In some of the recent sales the valuations have been favorable to buyers. HOA isn't crazy and is pretty well capitalized. The building is in a safer neighborhood and closer to good public transport than these other buildings.
I believe the impact will be felt by the north-west homes at One88 the most, but in my experience, people usually overestimate the impact and it won't feel as bad in person.
Hi there, this video made me laugh. You had Rocky in the background there! lol Thank you for the entertainment no offense. The condo building looks great. :)
Yes, there are still some available! Plus they're still allowing you to combine units to create larger homes. You can reach me at matt@urban-living.com, happy to chat.
@@nathangregg1765 I was at the Emerald rooftop earlier this week and it has an amazing view of FIrst Light's construction, though I suspect most people are looking westward :)
Probably those buildings are earthquake proof nevertheless I don’t want to be there when the cascadia subduction wake up, it will be your worst nightmare……
Fortunately they're actually working on First Light and construction is progressing. This was a good read on their other projects: www.theglobeandmail.com/business/article-westbank-real-estate-lawsuits-toronto-seattle/
When you have time can you please go back and SEVERAL videos of this building Show us the different units and an entire video of the amenities. This is a beautiful building, I love it. There are no other RU-vid videos of it.
Hi Darryl! Thanks for watching. That video does show all the amenities, minus the bike room. I do have more footage of other units. Are there a couple that you're particularly interested in? Feel free to reach out - matt@urban-living.com.
I would like to! Once we get the Seattle video taking a little less time to produce, I'll start doing an Eastside one too. In the meantime, I recommend signing up for our Bellevue newsletter: www.urbnlivn.com/newsletter/
Great video. One suggestion: a big portion of the content you’re sharing is blocked by your face, so maybe reduce that a little. Keep it up and thanks for what you do.
They mostly went away across the board in late 2022 (October, November, December) but are definitely back now for sub $1.2m single family homes. Though we’ll likely see fewer and less competitive ones once we see more inventory over March, April and May. And then of course there’s that example of a $6m house getting 8 offers!
@aryamehr2182 thanks for the comment! Don't know where it went!? Maybe Anonymous deleted their comment and so the subsequent ones disappeared. I did a closer look at 08-12 pricing in this video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hq6RHygBN9I.html. I suspect this crash/correction will occur much faster than that one did.
Some people prefer to buy rather than rent. A few thoughts: 1) We're seeing many buyers negotiate with the seller for a seller credit and then using that credit to buy down their rate. If you do a 2-1 buy down, your rate would be 4.5% the first year, 5.5% the second year and then 6.5% thereafter, but presumably you'd refinance if rates drop. 2) Rates are high compared to a year ago and recent memory, but when I bought my first condo in 2007 my rate was in the high 5s.
First Light sent out an update February 9th: Construction at First Light is progressing quickly as we head into 2023. The concrete structure has risen level 26, more than halfway up the tower and perimeter windows are being installed now at residential levels. This will allow interior framing and mechanical rough-ins to continue ahead of drywall and interior finishes, which are set to commence on residential levels in early February. Elevators are currently being installed from the parking levels up through Level 8. The railings for the balconies are being fabricated and we will begin installation following the windows on each floor, starting in the first quarter of 2023.
Hopefully this helps with future videos, I’ve seen a few of your prior work and I own a dozen rentals on the north and east side. Your videos overly focus on bidding wars when I can give you 20 listings that were $100-200k below asking. Yes buyers are out there and yes houses have been moving more the past month or so, but your content constantly skews towards painting a rosier picture than what’s actually unfolding, unveiling your implicit bias as a real estate agent. Yes the market is still tough, but take a look back and compare how much time you spend discussing isolated bidding wars vs houses that closed under list price. My recommendation is to stay factual and avoid what we in the science community call, “case reports.”
Thanks for the feedback! I'll include some examples of homes that sold at a steep discount to list in the next one. Though it is my experience that most of our clients are more interested in the nice houses that are seeing bidding wars than in the homes that are "deals" and selling for a discount. Though admittedly, our client base tends to be more regular buyers, and less investor focused.
@@urban-living appreciate it. Once again, not trying to knock you at all. I’m an investor but also currently looking for a primary. I’m in the 2-2.5 range. That range got hit pretty hard in Seattle got hit the hardest. Especially if you look in areas like downtown Bothell and Kirkland.
It is the new normal. Due to people working from home, high construction prices that have led to high purchase prices and Seattle falling out of favor, no project these days will sell out prior to completion. Even Spire and Emerald that have been done for over a year now still have many units to sell.
It has definitely picked up! Feels like the first two weeks of January were busier than November and December combined. We'll have our next video out this afternoon with what happened last week.
Zillow already unloaded all their homes and last I checked, Redfin didn't own many: www.urbnlivn.com/2022/11/11/redfinnow-shuts-down-deals-coming-for-their-17-unsold-homes/.
Prices are already down 11% for Seattle single-family homes and townhomes. Here are my thoughts on how much further they could fall: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hq6RHygBN9I.html
I live in West Bremerton, a short walk to the ferry to Seattle. The run up in Seattle prices had a direct impact on the Bremerton market as many Seattle renters and homeowners were literally priced out of living in the city. Ridership on the Seattle-Bremerton ferry doubled overnight as many moved to Bremerton and commuted daily to work. Prices in Bremerton also doubled….and tripled….forcing many locals out who had been here for many years. I sold my West Bremerton home in 2017 for 267k, more than double the 121k I paid for it in 2009. Wish I had waited as that same home today would list for 400k+. Been renting since and waiting for the market to decline. I hope it crashes!
