Amazon’s Next Big Move on the Eastside
Amazon continues to spread its wings here on the Eastside! Following their latest purchase of the 10-story Bellevue Corporate Center in downtown Bellevue, Amazon signs a long-term lease for a two-tower development in Bellevue. The two-tower development project is known as the Binary Towers and is located at 1001 106th Avenue NE (formally known as the Cadillac dealership
Read More →Ultra-posh Escala penthouse asks $3.25 million in downtown Seattle
Ultra-posh Escala penthouse asks $3.25 million in downtown Seattle
The Escala is known in Seattle as one of the area’s fanciest—if not the fanciest—condo communities, although it’s known more broadly as the home of Fifty Shades of Grey’s titular Christian Grey. This two-bedroom penthouse isn’t the specific penthouse that inspired the series, but it has all the headlines: walls of big view windows, a
Read More →Patti Payne’s Cool Pads: First of three Escala penthouses enter market at $3.25M
Patti Payne’s Cool Pads: First of three Escala penthouses enter market at $3.25M
Investor Jyoti Paulhas his head in the clouds. Almost literally. The former Microsoft director of product development and founder of Bellevue-based Paul Northwest Investments has been immersed in developing three luxury penthouses atop the Escala building at 1920 4th Ave. in Seattle — a prime address for many of this area’s leaders. One of Paul’s three
Read More →The Gardner Report – Q1 2019
The Gardner Report – Q1 2019
The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent. ECONOMIC OVERVIEW
Read More →Q1 Eastside Market Review
Q1 Eastside Market Review
The spring home buying season started early this year. Open houses had increased attendance and bidding wars returned in March. Home prices in most of the region are about even with March of 2018. The Eastside median closed sales price decreased 1% from March 2018 ($831,000) to March 2019 ($825,000). Months supply of inventory decreased
Read More →JUST LISTED: Welcome to Seattle’s New Escala Penthouse
JUST LISTED: Welcome to Seattle’s New Escala Penthouse
JUST LISTED: Welcome to Seattle’s New Escala Penthouse 1920 4TH AVENUE #3103, SEATTLE 98101 2 BD + FLEX | 2.25 BA | 2,543 SF | FLOOR #: 31 | # OF RESERVED PARKING: 2 | MONTHLY HOA DUES: $2,065 | MLS #: 1433603 | OFFERED AT $3,250,000 OPEN HOUSE – SATURDAY, 4/20 (1 – 4PM)
Read More →Planning for the Life Expectancy of Your Home
Planning for the Life Expectancy of Your Home
Nothing in life lasts forever – and the same can be said for your home. From the roof to the furnace, every component of your home has a lifespan, so it’s a good idea to know approximately how many years of service you can expect from them. This information can help when buying or selling
Read More →Amazon Announces Plans to Move Worldwide Operations Team to Bellevue
Amazon Announces Plans to Move Worldwide Operations Team to Bellevue
By 2023, Amazon plans to relocate its worldwide operations team (one of the largest and most important teams at Amazon) in downtown Bellevue which is currently based in Seattle. According to Downtown Bellevue Network, the reason for this is to allow the company to grow while maintaining the campus feel that employees are used to
Read More →Lookout Amazon! Here comes Google …
Lookout Amazon! Here comes Google …
Google will open new Seattle campus this summer, just across the street from Amazon’s headquarters. Starting in the mid-to-late summer, Google will be moving into its South Lake Union campus that has been under construction for the past two years. Located across the street from Amazon’s headquarters, the campus developed by Vulcan provides Google with
Read More →Find a New Home in Four Steps
Find a New Home in Four Steps
Whether you’re a first-time homebuyer or a current owner looking for a bigger home, the ideas below will help you better navigate that all-important first step: Finding a property that you like (and can afford). The search for a new home always starts out with a lot of excitement. But if you haven’t prepared, frustration
Read More →Local Market Update – March 2019
Local Market Update – March 2019
Local Market Update – March 2019 The spring home buying season started early this year. Open houses had increased attendance and bidding wars returned. After months of softening, home prices in most of the region jumped significantly from the prior month. With just one month of data, we’ll have to wait and see if this is
Read More →The Do’s and Dont’s of Hiring a Contractor
The Do’s and Dont’s of Hiring a Contractor
Constructing or remodeling a home is a complex, expensive endeavor. Ideally, everything goes as planned, and when the dust clears, the homeowner can settle in and enjoy the new home — and never think about the building process again. But what happens when, nine months after the owner moves in, the floor develops a crack,
Read More →Eastside Market – February Talking Points
Eastside Market – February Talking Points
Too early to call after two months, but the early signs are in that we are returning to a multiple offer market. Based on Eastside Residential and Condominium reports: Pending sales for January and February are down 1% from 2018 and 3% from 2017 even with snow Multiple offers are happening and with increasing frequency
Read More →Amazon’s Rapid Expansion in Seattle Suburb could Ignite a ‘Real Estate Frenzy’
Amazon’s Rapid Expansion in Seattle Suburb could Ignite a ‘Real Estate Frenzy’
Get ready Bellevue … here comes Amazon! The tech giant is showing signs of cooling in Seattle and focusing more on nearby cities throughout the Eastside which many predict could set off a “real estate frenzy” in Bellevue. Soon, Bellevue may see younger buyers flood the market who are looking to live closer to work.
Read More →As Amazon Backs out of NY HQ2, Bellevue’s Footprint Increases
As Amazon Backs out of NY HQ2, Bellevue’s Footprint Increases
If you follow Amazon, you may have already heard they backed out of building their headquarters in Long Island, NY. With Amazon currently in contract and their earnest money deposited for the lot where Bellevue Corporate Plaza stands (600 Bellevue), plus their plans to sign leases with two of the Vulcan developments, we are eager to
Read More →Amazon’s office space grab in Bellevue could eventually rival HQ2
Amazon’s office space grab in Bellevue could eventually rival HQ2
Amazon is considering office space in downtown Bellevue for 25,000 employees – equivalent of its proposed HQ2. So far, Amazon has leased three Bellevue towers and proposes to take two additional Vulcan Real Estate developments and a two-tower Trammel Crow Co. project. According to sources, earnest money has been put down to buy the site
Read More →10 Tips to Minimize Stress When Selling Your Home
10 Tips to Minimize Stress When Selling Your Home
When I was growing up, my family must have moved a dozen times. After the first few moves, we had it down to a science: timed out, scheduled, down to the last box. Despite our best efforts, plans would change, move-out and move-in days would shift, and the experience would stress the entire family out.
Read More →Vulcan Submits Building Design on 108th Ave NE for Review
Vulcan Submits Building Design on 108th Ave NE for Review
Vulcan has submitted an application for design review to the City of Bellevue for approval. The land owned by Vulcan is located at 555 108th Avenue Northeast. Approval to construct the 42-story office tower over a two-story podium and seven levels of below grade parking is PENDING. In total, the project would total almost 1.5
Read More →The Gardner Report – Q4 2018
The Gardner Report – Q4 2018
ECONOMIC OVERVIEW The Washington State economy continues to add jobs at an above-average rate, though the pace of growth is starting to slow as the business cycle matures. Over the past 12 months, the state added 96,600 new jobs, representing an annual growth rate of 2.9% — well above the national rate of 1.7%. Private
Read More →Eastside Market Update
Eastside Market Update
Eastside Talking Points (based on Residential + Condominium report): Months supply of inventory rises to 2.5, the highest since January 2012. Median closed sales price is flat from a year ago. Eastside residential only, is down 3% from a year ago. Of the properties that closed in December 2018, 58% had price changes from
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