Consumed with multiple and crazy all cash offers it is hard to believe that the haunting past of the recession still casts a shadow. The truth of the matter is that Woodinville’s wine country is just starting to hit home values that can be considered pre-recession values.
The good news is Hollywood Hill is officially showing signs of recovery. For buyers that means, stay in the fight, it is a good time to invest and for sellers your questions about when to sell have been answered. Now is a very good time to sell!
Helping home buyers and sellers since 1989
57 homes sold and closed !
$766,933 – was the average sold price for 2014:
98.57 % was the percent sellers received of their list or asking price.
29 – were the average number of days it took to sell a home.
$248.33 – was the average price per square foot sellers received.
One thing a seller considering selling in 2015 can take away from this data is that homes on average sold in less than 30 days in 2014.
2015 appears to be on a quicker pace. As a seller on the Hill, if your home doesn’t get a showing and doesn’t sell within that 30 day window, you might need to change your strategy. If you tried to sell your home in 2014 and didn’t have success 2015 may be your year.
Buyers should take note that sellers are getting 98.57% of their listing or asking price.
Hollywood Hill has little inventory therefore the best houses are coming onto the market and are sold quickly. Buyers need to be prepared to act. Pre-approval by a qualified lender and working with an agent that knows the neighborhood can be your keys to success.
Lakeshore Realty West
Maureen Nolan – 206-200-9849
This weeks wine for the weekend is vodka made from wine grapes. This vodka is a distilled spirit that qualifies as a festive holiday option instead of wine.
Unique to Washington and the the world Grapeworks Distilling is making vodka from single wine grape varietals like chenin blanc, riesling, gewürztraminer, and pinot gris. Ciroc, made famous by brand ambassador P-Diddy, is a vodka from France that makes vodka from wine grapes, also, but they use a blend of grapes.
Wine grapes destined for vodka follow a similar process to the grapes destined for wine. Once harvested they go through crush and fermentation. Grapeworks sources wine grapes from their own vineyard in Yakima. After fermentation the juice is brought to Woodinville and distilled into vodka using a very fancy, state of the art, Kothe Vodka Still.
Each wine grape imparts it’s own flavor profile to the vodka with flavors ranging from tart citrus and sweet pineapple, to earthy, peppery, spice. The riesling vodka is nothing like riesling wine it is smooth with sweet citrus and floral flavors. The gewürztraminer is not sweet at all but very smooth with notes of pepper.
Sip solo or add to your favorite cocktail or try Food 52’s horseradish bloody Mary made with Grapeworks gewürztraminer vodka for your next holiday brunch.
Grapeworks Distilling took over Woodinville Whiskey’s old location at 16110 Woodinville-Redmond Rd NE. They are open Friday through Sunday noon-5 p.m.
‘Tis the season to buy or sell a home on the hill! For the seller the gift of low inventory and a strong market. And for the buyers the gift of continued low interest rates and a new home to kick start a new year.
Homes on the market:
There are 13 homes on the market priced between $699,000 and $3,850,000
5 homes pending priced between $489,500 and $1,097,300
54 homes have sold Y-T-D. priced between $285,000 and $1,750,000.
The average market time for a home to sell on Hollywood Hill is around 28 days and sellers are getting 98.57 % of their asking price.
From our home to yours, Happy Holidays!
Maureen Nolan – 206-200-9849
‘Tis the season to get back to the wine. The holiday season is such a great time of year to come out to Woodinville’s wine country.
A trip to Eastern Washington and a very special introduction from Market Vineyard owners to the renowned winemaker, Charlie Hoppes, inspired me to write about wines that you can find in Woodinville and the compelling reasons why you might want to pick up a bottle or two for your holiday festivities. I thought a great place to start this merry wine journey would be with wines from Red Mountain featuring the wines of Fidelitas and Market Vineyards.
Acclaimed by Critics – Superior by Nature.
Red Mountain is one of Washington’s premier AVA’s (American Viticulture Area). Located in Eastern Washington between Benton City and West Richland. A small region of just 4,040 acres with around 600 acres planted in world class Cabernet Sauvignon, Merlot, Syrah and other varietals. It is home to vineyards with names like Ciel Du Cheval, Klipsun, Shaw, Grand Ciel, Grand Reve, Corliss, and Col Solare.
Napa’s very own Duckhorn Vineyards acquired a vineyard and has launched their first Washington wine endeavor on Red Mountain. And Red Mountain received media notoriety last year not for it’s wine but for a real estate transaction after a Canadian group swooped in and bought 670 acres of Red Mountain for $8.3 million. It can be said Red Mountain property is red hot!
Fruit from Red Mountain commands higher prices and are highly sought after by Washington’s winemakers because of the balanced yet big, bold and tannic characteristics of the red grapes grown in the AVA. The terroir of Red Mountain has everything going for it, SW slopes, more heat unit days and rich soils touched by the Missoula floods.
There are a number of wineries in Woodinville that source some of their fruit from Red Mountain vineyards. DeLille Cellars, Forgeron, Januik Winery, JM Cellars, Long Shadows Vintners, Mark Ryan, Matthews and Sparkman to name a few.
Two new comers to Woodinville are notably Red Mountain centric. Fidelitas and Market Vineyards. Stop by their wineries in the Hollywood District this weekend and taste the magic.
Fidelitas Wines – 2011 Red Mountain Cabernet Sauvignon
Market Vineyards – 2011 Acquisition 100% Cabernet Sauvignon
Market Vineyards and Fidelitas owner/winemaker – Charlie Hoppes.
The harvest is done and the last of vintage 2014 may just be completing fermentation . What really draws a winemaker and vineyard owner to the vines? It is demanding and tedious work for those who do the job of growing grapes and making wine. For those who have volunteered to crush, bottle and label wine around the Woodinville area you have caught a glimpse of some of the work.
The pricey end product – a beautiful bottle of wine. Some bemoan paying the high price. If only they really knew the efforts that had gone into that bottle of wine. Especially, the wines made by some of the small boutique wineries that dot the landscape of Woodinville and Eastern Washington’s wine growing regions.
A winery that personified everything great about Washington wines, Dunham Cellars, recently and tragically lost their young, passionate, enthusiastic, and visionary, owner/winemaker Eric Dunham. You may have heard the news.
What you may not have heard is the undeniable impact Eric had on everybody in Washington’s wine industry. He influenced, encouraged and supported anybody associated with the industry, big or small.
In Eric’s memory, Dunham Cellars, located in Walla Walla, will be holding a memorial this Saturday, November 1, from 1-4 p.m. https://www.facebook.com/events/518354008306686/
I know none of this begins to answer that question about what draws a winemaker to the vines and making wines. So, here is the challenge. Go out to one of the local wineries, if you can. Talk to the winemaker, if you can. Taste wine and buy your favorite bottle of wine. Gather your friends and family close. Pour the wine and celebrate life! Make a toast to Eric and somewhere in that journey I can guarantee you will find the answer. R.I.P. Eric Dunham.
Harvest time in the ‘hood. Big trucks delivering freshly picked grapes from Eastern Washington can be seen on there way to drop off grapes at local wineries. And volunteers are lining up to help busy winemakers with crush, bottling, and more. This is a fantastic time of year to live in Woodinville’s wine country.
Here are the latest real estate statistics for Hollywood Hill. Woodinville’s premier wine country neighborhood.
On the market: 14 homes priced from $487,000 to $3,850,000.
Pending: 7 homes priced from $324,950 to $1,150,000
Sold and Closed: 37 homes have closed in the last 6 months priced from $285,000 to $1,750,000
If you are interested in buying or selling a home in Hollywood Hill contact:
Maureen Nolan – 206-200-9849