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Not Yet

July 23, 2014

The conversation about real estate right now centers around the term “pre-recession” price.     Are home values back to the values before the market meltdown of 2008?

There are rumors that select neighborhoods in Seattle have broken through the pre-recession barrier.     But it may take another 1.3 years for Seattle to completely shed it’s post-recession blues.   Which is not bad considering many states have a long future ahead with post recession home values.     http://www.bizjournals.com/seattle/morning_call/2014/07/seattle-home-values-bucking-national-trend.html.

On the spectrum of pre-post recession home values where does Woodinville’s wine country fall?    Hollywood Hill, the premier wine country neighborhood,  is behaving much like a Seattle neighborhood with limited inventory, short market time and pricey homes.   But the numbers show the true market story.   The story is a good one but the hard data shows that  Hollywood Hill has not yet reached pre-recession home values.   It is off by about 11% from the market of 2008.   Check out the graph below:HH Average % for last 10 years

 

 

**data sourced from NWMLS

Walla Walla Comes of Age

July 17, 2014

Originally posted on The Wine Economist:

Sue and I recently returned from 10 days in the Walla Walla AVA — half spent attending events sponsored by the Walla Walla Wine Alliance celebrating the AVA’s 30th birthday through a celebration of  its wines and half with the American Association of Wine Economists who met at Whitman College.

Coming of Age in Washington

As we drove back over the Cascades towards home base in Tacoma, we talked about key takeaway messages and at the top of both of our lists was the region’s coming of age. We’ve visited Walla Walla many times over the years and watched it grow and change, but without ever having a sense that it had achieved its potential.

Maybe it is because we had more time on this visit or maybe it is because we had so much access and guidance (from the Wine Alliance as well as from our growing list of winemaker friends…

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Hollywood Hill Real Estate News July 2014

May 12, 2014

 

Hollywood Schoolhouse

 

Long summer days have arrived surely making the NW one of the best places to live.    And Hollywood Hill is one of the best neighborhoods to enjoy the summer months.

Sellers in the Hollywood Hill neighborhood appear to have gained some confidence in the market and are putting their homes on the market well prepared and well priced.    Buyers are aggressively active in the market and are rewarding sellers by paying on average approximately 99% of the sellers asking prices.    The average market time for successfully closed sales are less than a month.   The Hollywood Hill real estate market stats are as follows:

July 2014 Year to Date Stats:

Solds:  32  homes have sold priced from $420,000 to $1,750,000

Recent Pending:  9 homes priced from $285,000 to $995,000

Active Listings:   11  homes are available on the hill priced from $795,900 -$3,850,000.

 

HH Chart July 2014

 

 If you would like to buy or sell a home in the Hollywood Hill neighborhood or surrounding area give us a call!

Lakeshore Realty West
Lifestyle Properties
Maureen Nolan – 206-200-9849

http://www.lakeshorerealtywest.com

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Great Opportunity in the Heart of Woodinville’s Wine Country

April 2, 2014

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For Sale

The pink tractor is not for sale but the land it is parked on is…………

This is a great opportunity for somebody to live/work/sell wine in the heart of  Woodinville’s wine country.  Over 1.4 acres in the hub of the Hollywood/Tourist district adjacent to Apple Farm Village  and across from J. Bookwalter and Hollywood Hill School House.

The property includes a classic mid-century rambler with 2 bedrooms, 2 baths and additional outbuildings.   The house is a private  residence and the property operates as a beer/wine tasting and sales shop.

Offered at $995,000

House Size: 1,600 Sq. Ft. Bedroom/Baths 2/2
Lot Size: 1.410 acres Garage/Outbuildings: 2 car carport  + storage
Heat: Gas Forced Air Fireplace 1
Taxes: 2013 $5,599  NWMLS # 611967

For more information contact:

John Corrado – 206-251-7527

North Pacific Properties

or

Maureen Nolan – 206-200-9849

Lakeshore Realty West

www.lakeshorerealtywest.com

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A New Winery & Coffee Place In Town

March 28, 2014

There is a new winery in town called Chandler Reach.  They have taken over the former Canon del Sol spot next to Goose Ridge and Long Shadows.   They offer a Tuscan experience which their tasting room elegantly reflects.   I will have to admit I have yet to taste their wines but have recently enjoyed their coffee.

Woodinville has a new coffee spot!  With the loss of Tully’s there has been a missing coffee connection for the locals.   I mean, we love you, The Commons,  but coffee from San Francisco??

Anyway,  The Designated Driver Coffee Co. is now open at Chandler Reach 14450 Woodinville Redmond Rd NE #107.  They open at 6 a.m. and rumors have been confirmed that the owners of Chandler Reach and longtime Woodinville residents, Len and Jane Parris, founded former coffee icon Jitters in the Overlake area of Redmond.   I guess you can say these are locals that know their vices……

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Hollywood Hill Real Estate News – Q1

March 27, 2014

 

Hollywood Schoolhouse

Blazing past the months of January, February and now nearing the end of March.  It is about time to check in and see what the numbers look like for real estate on Hollywood Hill.

Inventory continues to be extremely tight.  The market time for a sold and closed home is running about 51 days.   Sellers are getting approximately 102% of their asking price.

2014 Year to Date Stats:

Solds:  6  homes have sold priced from $549,000 to $850,000

Recent Pending:  8 homes priced from $325,000 to $1,438,000

Active Listings:   8  homes are available on the hill priced from $319,900 -$3,850,000.

New listings are moving very quickly.   Hollywood Hill is very much  a  “seller’s” market.    Don’t despair, buyers, inventory appears to be seasonally adjusting upwards just in time for the Spring market.

HH month supply inventory YTD

 

Lakeshore Realty West
Lifestyle Properties
Maureen Nolan – 206-200-9849

http://www.lakeshorerealtywest.com

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Soul of the Vine

January 16, 2014

Maureen Nolan:

When you see Yakima Valley AVA on a wine label this video will give you a little more appreciation for what to expect….. cheers!

Originally posted on wineeyak:

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Video 4:35

Yakima Valley encompasses significant diversity of climate, topography, and soil; and this diversity yields a broad spectrum of high-quality grapes and wines. Four American Viticultural Areas (AVAs) – Yakima Valley, Red Mountain, Rattlesnake Hills, and
Snipes Mountain – highlight this impressive regional complexity.

This four and a half minute video offers a glimpse of this phenomenal wine growing region.

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