The Post - Week 19

By VDB | Compass

 Captivating Views at Marina Point

225 2nd Street South, Unit D3
Kirkland, WA 98033
Offered at  $1,898,000
 
Captivating Western Lk Wash, Olympic Mt & Seattle City Views! Steps to downtown Kirkland Restaurants & Shopping w/lively Waterfront parks & entertainment! Single level living feels like home w/formal & casual areas focused on dramatic water VIEWS! Graciously sized Master Suite w/Southern exposure natural light! Spacious secondary Bedroom & large Den offer flexible options. "VIEW Oriented Kitchen" opens to a view Gathering Room with access to covered loggia ready for al fresco dining at sunset!

 

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Spotlight
Local Market Trends
April 29th - May 5th 2019 Weekly Market Report for Seattle and Eastside
 
Aprils’s stats just released today. Year-over-Year inventory (YoY) is up 72% in King county for single-family homes in the $1m+ price range. 476 homes closed last month, only down 20 properties compared to April of last year. The number of homes that went under contract (pending sales) rose 18% YoY. Average sold prices are down -3% YoY, while active prices (homes that haven’t sold yet) are down -10% YoY.
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The Seattle-area economy punches above its weight — and that’s a huge strength
Seattle-Tacoma-Bellevue enjoys one of the strongest economies in the nation. How strong? Per capita gross domestic product, adjusted for inflation, was nearly $81,000 in 2017. That compares with $61,000 in San Diego and $63,000....
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Fast-growing sales tech startup Highspot leases big Seattle waterfront office with room for 800 people 
Highspot will soon have a new spot to call home. The startup that builds artificial intelligence-powered sales software has leased two floors with options to take more at the ....
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International Insights
Prices Down, Buyer Demand Up in London
After “bottoming out,” activity expected to increase.New-buyer demand in the first quarter was strong, with a significant 43% increase in the number of registered applicants....
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Real Estate in Turkey: A Foreign investor’s Guide to the Market 
For overseas property investors, real estate in Turkey is the globe’s latest golden egg. In 2018, the country clocked up record house sales to foreigners of many nationalities....
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Trending Headlines
Home price gains keep shrinking, but housing is still overpriced
 
About 40% of the nation’s top 50 markets, based on the number of homes, were overvalued in March, according to a new report from CoreLogic, which defines an overvalued market as one in which prices are at least 10% higher than the long-term, sustainable level. In those markets, 16% were undervalued and 44% were at value. On a national level, home prices rose 3.7% annually in March, according to the report, less than the 4% annual increase in February.
 
Home prices are less heated this spring, but the largest metropolitan markets are still overpriced. About 40% of the nation’s top 50 markets, based on the number of homes, were overvalued in March, according to a new report from CoreLogic, which defines an overvalued market as one in which prices are at least 10% higher than the long-term, sustainable level. In those markets, 16% were undervalued and 44% were at value.... 
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Things To Do
Guide to Mother's Day in Seattle: Brunch, Events and Things to Do
Mother’s Day comes each year in May and with it comes a choice—what to do for Mom to make sure she feels special and appreciated? While flowers and a card might be standard, Seattle has so much more to offer!
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May Hike of the Month: Watch the Sunrise at Rattlesnake Ledge
There are so many classic Seattle-area hikes, but few are as popular as Rattlesnake Ledge. In fact, it can be too popular on nice days. But regardless of crowds, the four-mile round trip hike is definitely worth doing.
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Homes to Inspire
101 Rutherford Hill Road
St. Helena, CA 94574

Offered at $22,000,000

Masterfully built for the finest in wine country living. Round Hill seamlessly blends the panoramic views of the Napa Valley countryside with stunning interior spaces through extensive indoor/outdoor rooms, terraces and striking picture windows....
555 Leucadendra Drive
Coral Gables, FL 33156

Offered at $29,500,000

A once in a lifetime opportunity to purchase one of the largest parcels of land situated within the secure gates of Gables Estates. The property is over 3 acres with 750 feet of water frontage on a wide water basin with endless unobstructed views leading to the bay....
Mark von der Burg
Sr. Compass Founding Broker Seattle
 
mark@vdbcompass.com
206.245.9185 Seattle
425.882.8821 Eastside
vdbcompass.com

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© Compass 2018 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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