The Post - Week 21

By VDB | Compass

  Course Champion Meridian Valley Country Club

24732 142nd Avenue Southeast
Kent, WA 98042
Offered at  $1,198,850
The finest position on the Meridian Valley Country Club Golf Course offers 1st tee and 18th hole viewing directly across from the clubhouse plus lake views! Members can stroll to dinner from their own backyard. The home is oriented to take full advantage of expansive views to the greens! The spacious Master Suite enjoys a fireside sitting area, jetted bath, and sizeable walk-in closet. The well-conceived floor plan offers a sense of fun with two secret bookcase room entries and a large casual Gathering Room. The grand design inspires with an impressive Foyer, fully paneled Office/Study, Media/Recreation Room with pub style refreshment center, Exercise Room, Outdoor Great Room and Sun Deck!


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Local Market Trends
May 13th - 19th 2019  Weekly Market Report for Seattle and Eastside
The absorption rate percentage based on pending sales (pending sales divided by the total number of active listings) gives you the present velocity of the market. This tells you if the market is a Buyer’s, Neutral or Seller’s market. If you break down King County’s $1m+ inventory into 9 separate price ranges into increments of $250,000, from 5/1/2019 - 5/21/2019, 3 of the 9 different sub-markets are considered “Neutral” markets. 4 of the 9 fall into the range of a “Seller’s” market. Lastly, 2 of the 9 fall into the category of a “Buyer’s” market. The $2.75m and up price ranges are statistically defined as “Buyer’s” markets.
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Housing prices drop amid increase in listings on the market
Seattle is one of only five cities in the nation where home prices are lower now than they were at the same time last year, according to a newly released report.The study, by real estate brokerage company Redfin, found that median Seattle home prices dropped....
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Amazon reveals development plans for HQ2  
 The Seattle company's plans call for a pair of 22-story buildings combining for about 2.1 million square feet at Metropolitan Park on Eads Street. The structures, with 67,116 square feet of ground-floor uses including retail, would be developed above a below-grade....
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International Insights
Portugal’s Tech Startups Have Revved Up Lisbon’s Real Estate
The emerging industry is underpinning growth in the property market.Lisbon’s booming tech startup scene is helping to revitalize the city’s economy—and its property market looks set to benefit....
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Investing in Montenegro  
Before investing in Montenegro properties, you need to know a few quick facts: For foreigners buying a property in Montenegro, the typical mortgage can finance up to 50% of the property value. Mortgage interest rates in Montenegro....
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Trending Headlines
Existing-home sales fall for the second straight month in April
Properties are flying off the market, yet sales are stagnating. Existing-home sales ran at a seasonally adjusted annual 5.19 million rate in April, the National Association of Realtors said Tuesday. That was 0.4% lower than March and 4.4% lower than a year ago. Sales of previously-owned homes have been choppy recently; following a big surge in February, they retreated in March. For April, the MarketWatch consensus was for a 5.35 million selling pace, not a decline.
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Things To Do
Taste of West Seattle 2019
Stuff yourself with offerings from over 40 different restaurants, breweries, wineries, coffee shops, bakeries, chocolatiers, specialty food stores and more at this festival (the largest in West Seattle), which benefits West Seattle Helpline. Purchase your tickets by clicking the link below!
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10 Ways to Rock Your Memorial Day Weekend
We know many Seattle families will be hitting the highways this Memorial Day Weekend with cars packed with camping gear. But for those families sticking close to home we’ve rounded up 10 activities to keep everyone in your crew entertained over the three-day weekend. 
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Homes to Inspire
476 Wrights Road
Aspen, CO 81611

Offered at $7,750,000

Location, location, location. A private setting on Red Mountain offering unparalleled views of Aspen Mountain, city lights and dramatic view of Independence Pass, Highlands, Buttermilk and Maroon Bells. A generous one acre lot, enhanced with Aspen/ Evergreen trees provides privacy....
1368 East Mountain Drive
Montecito, CA 93108

Offered at $28,500,000

Nestled in the foothills of Montecito, this expansive 5-acre compound offers panoramic views of the Pacific. Created by renowned designer Bobby Webb and evoking timeless architecture reminiscent of the new Rosewood Miramar Hotel, this 8 bedroom, 9 bathroom estate is a private sanctuary all its own....
Mark von der Burg
Sr. Compass Founding Broker Seattle
206.245.9185 Seattle
425.882.8821 Eastside


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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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