If you’ve been inspired to do some spring cleaning, this weekend’s recycling event is the perfect place to drop off those items that don’t have any usable life left in them.
Saturday, May 26th 9:00 AM – 3:00 PM
Bellevue Presbyterian Church 1717 Bellevue Way NE
The event is free – accepted items include:
— auto parts (non-greasy)
— appliances (blenders, dishwashers, washers & dryers, microwaves, stoves,
— clean scrap wood (untreated and unpainted)
— electronic equipment (DVD/VCR, cell phones, computer keyboards and mice, copiers, printers, stereos)
— exercise equipment
— lawnmowers (drain oil and gasolines)
— lead acid batteries
— metal lawn furniture
— rigid plastics (buckets, toys, coolers, lawn furniture, PVC pipe)
— styrofoam blocks & packing materials (white blocks and packing peanuts of any color)
There are fees for some items . . .
— appliances and scrap metal (air conditioners $33, refrigerators/freezers $28, water heaters $5)
–mattresses and box springs $15 per item
–porcelain toilets & sinks $15 each – propane tanks ($5 each) – small empty camping tanks ($1 each)
–tires – 6 max ($1/each tire, $3.50/each tire on a rim, $5/each large truck tire, $15/each large truck tire on a rim)
Secure shredding is also available – limit of 5 file size boxes
ITEMS NOT ACCEPTED – containers that previously or currently contain gas, oil, chemicals or paint
For more information call 425-452-6932
Rain or shine . . . there are plenty of events and activities in Bellevue this weekend.
ROCK GARDEN PLANT SALE
Saturday, April 14th 10:00 AM – 2:00 PM
Bellevue Botanical Garden – 12001 Main Street
Saturday April 14th 2:00 PM – 3:00 PM
Mercer Slough Environmental Education Center – 1625 118th Avenue SE
Be prepared to get a little muddy and investigate the world of insects
Admission: free – open to all ages
Pre-Register at MSEEC@bellevuewa.gov or 425-452-2565
LIVE JAZZ MUSIC AT CYPRESS
Friday April 13th 8:00 PM – 11:00 PM
Cypress Lounge & Wine Bar/Westin – 600 Bellevue Way NE
GET CRAFTY SATURDAY
Saturday April 14th 1:00 PM – 3:00 PM
Bellevue Arts Museum – 510 Bellevue Way NE
Admission: free ($4 material fee per child)
No reservation required/first come first served
BELLEVUE LIBRARY GRAND OPENING – ideaX Makerspace
Saturday April 14th 10:30 AM – 3:00 PM
Bellevue Public Library – 1111 110th Avenue NE
A place to learn new skills – create electronic circuits, make a robot, craft with a 3-D pen
10:30 ribbon cutting
11:00 ideaX Makerspace opens
11:30 activities and demos
MASTER GARDENER’S URBAN DEMONSTRATION GARDEN WORKSHOP
Saturday April 14th 10:30 AM
15500 SE 16th Street
SEATTLE RESTAURANT WEEK
The last week for Seattle Restaurant Week – 165 participating restaurants with 13 in downtown Bellevue.
3 course meal/$33
For participating restaurants and more information https://srw.seattletimes.com
Living in communities close to workplaces, shopping, dining and other amenities is becoming increasingly important to buyers when searching for a home. A recent survey conducted on behalf of the National Association of REALTORS® found over half of the respondents preferred to live in a community that offered smaller or no yards but was within walking distance of local amenities and offered shorter work commutes.
Buyers no longer look at just the house – equally, or even more important, is the community and access to workplaces, shopping, dining, transportation, schools, health care and parks or open space. Women tend to put more importance on walk-ability and public transit than men but overall nearly 40% said having public transit nearby was important. Sixty percent of those surveyed would be willing to pay more to live within walking distance of parks, restaurants and shops.
In Bellevue the popularity of urban living was recently confirmed when the One88 condominium residences celebrated the grand opening and sales event. Over 80% of the homes sold in just weeks with buyers committing to reservations to purchase homes that won’t be available for two years. Several new Bellevue townhome communities have experienced the same robust sales activity with buyers committing to pre-sales for homes not scheduled for completion until late spring or summer. Resale condos and townhomes throughuot the eastside, walk-able to urban amenities and workplaces, are experiencing the same high level of buyer interest.
If you’re not a fan of college basketball tournament play, there are interesting and fun local events for adults and children this weekend.
BELLEVUE BOTANICAL GARDEN SPRING BULB LECTURE
SATURDAY MARCH 24th – 10:00 AM – 12:00 PM
Slide show and walking tour through the botanical gardens to learn about the best spring bulbs for our area and how to get the most from your spring bulbs. $25 BBG society member/$35 non-member
Pre-registration required www.bellevuebotanical.org or 425-452-2750
BELLEVUE YOUTH THEATRE PERFORMANCE OF “THE LAST UNICORN”
Friday 3/23 @ 7:00 PM
Saturday 3/24 @ 2:00 PM and 7:00 PM
Sunday 3/25 @ 2:00 PM
16051 NE 10th Street/Bellevue
Tickets and additional information at 425-452-7155 or
FROG HOP – FRIDAY MARCH 23rd 7:00 PM – 8:30 PM
Learn about the life cycle of these amazing amphibians and the kinds of frogs native to Western Washington. Explore Lewis Creek using your ears to guide the way. Bring a flash light or head lamp, wear warm/waterproof shoes and warm clothes. Recommended for children age 5 and over. Event is free.
Information and registration at 425-452-4195
Earlier this month I shared 2017 King County real estate market statistics supplied by the NWMLS. Median sales prices were up 15% county-wide (houses and condos) over 2016. Taking a closer look, here are the 2017 market stats for Bellevue condos:
- 759 condos sold in 2017 (resale and new construction), up from 746 in 2016 for a 2% increase
- The median Bellevue condo sales price was $500,550 in 2017, up 30% over 2016.
Just eight weeks into the new year stats haven’t changed much. There are just 20 condos available for sale in Bellevue. Newly listed condos are trickling into the market and selling quickly. So far this year 61 resale condos (vs. new construction pre-sales) have sold with an average market time of 15 days. Sales prices are averaging 5.5% over the list price.
This year has already seen an all time record condo sale in Bellevue. A penthouse at Bellevue Towers sold earlier this month for $11,950,000. Custom designed throughout, the home offers 6,398 SF of luxury interior living space plus multiple terraces that add 10,000 SF of outdoor space with 360 degree views.
No doubt the penthouse sale will hold the city/county/state condo sales record for some time, but sales data for the balance of the market is a bit more realistic. Of the 61 resale condos sold since January 1st, sales prices ranged from $202,750 for a 691 SF one bedroom/one bath to $2,237,500 for a 2,615 SF 2 bedroom + den/2 bath penthouse. The median Bellevue condo sales price so far this year is $558,568, but of those 61 sales, 17 (20%) sold for $400,000 or less. Condo values in and around the central business district will continue to command higher prices per square foot, but step just outside the downtown core and prices are far more affordable while still offering easy access to downtown’s workplaces, nightlife and arts and Bellevue’s sought after schools.
Available condos are going to be in short supply for the foreseeable future. A limited number of communities are in design review or under construction, but delivery of those homes is 2+ years away. A few recently completed new communities, mostly multi-level townhomes, are adding new homes to the mix but supply is limited with prices starting in the $700,000s and up. The supply of condos this year is likely to be found in the dozens of existing communities just outside the central business district. They offer a sought after Bellevue address and access to great schools. New construction is very sexy, and the amenities luxurious, but older communities often offer larger floor plans, more green space and more affordable prices. Trading a few blocks of location may gain you a lot of space and lifestyle for less money. Those resale condos are going to be in short supply this year too. If you’re ready to sell, be ready to move quickly. If you’re ready to buy, be ready to act quickly and work with a Realtor® who knows and understands the market.
The info-graphic above provides a quick look at 2017 King County real estate market statistics.
- nearly 3% more homes (condos and houses) sold in 2017 vs. 2016
- the median sales price was up nearly 15% county-wide
- at the end of 2017 there was less than a one month supply of available homes
- a 4 – 6 month supply is considered normal – we haven’t sen a “normal” level of supply for 2+ years
Six weeks into 2018 the stats haven’t changed much. Homes are coming on the market slowly and are selling quickly. Inventory still can’t meet buyer demand. The “spring” market generally opens up in mid-to-late February. Hopefully there will be more condos and houses available as the weather begins to warm.
The take away . . .
- Planning to sell? Buyer demand is high but condition and location are still important selling factors.
- Ready to buy? Position yourself to be a strong buyer. Meet with your lender and obtain a current loan pre-approval . Work with your Realtor® to educate yourself on neighborhoods, schools, recent sales prices and list vs. sold statistics, commute times, etc.
- Expand your options – maybe the home that fits your lifestyle isn’t a house. Don’t rule out a condo or townhouse which can offer a single family lifestyle with lower maintenance responsibility, a great alternative if you don’t want a lot of yard or exterior home maintenance.
2018 is expected to be another challenging real estate market for buyers and sellers. Be patient. Be flexible. Be ready to move quickly.
Robin is a Realtor® with Windermere Real Estate/East. She lives and works in Bellevue and specializes in the Eastside’s condo and townhome communities.
Interest in rentals remains strong, but there’s been a noticeable slight decline in area rents this year. Even in high demand urban areas, rents have dipped slightly. With thousands of new apartments recently completed or nearing completion, and hundreds more under construction, rental supply may have begun to outpace demand.
If you own a rental property there will be more competition the next time you negotiate a lease renewal. Hundreds of new apartments are available offering modern finishes, new appliances, high tech features and a long list of community amenities and services. Tenants may not be as quick to accept a rent increase or lease renewal when, for the same money, or attractive lease-signing incentives, they can move into newer digs.
If you’ve owned your investment property for a while, this may be the time to sell and maximize your return on investment. Available inventory for sale is at historic lows and buyer demand is at an all time high – the perfect storm if you’re a seller. Properties sell quickly, often with multiple offers. Renting or selling, your property needs to be in good condition, but any minor cosmetic investment will translate to a major return when you sell.
Need market information? I’ve lived and worked in downtown Bellevue for over 30 years – there isn’t much I don’t know and love about the city. A Realtor® and condo specialist for over two decades, I combine my knowledge of the city with years of condo experience to advise and guide clients through the process of buying or selling a home.
Scheduled for completion the last quarter of 2018, the new Meydenbauer Bay waterfront park promises to be bigger and better than ever. The park expansion has been in the planning stages for years while the city acquired properties and obtained funding to create the new waterfront park. The public will have access to 700′ of lakefront, a much larger swimming beach, bath house with rest rooms, changing rooms and locker rooms, a public marina and a unique pedestrian pier that will allow you to walk out over the water. Terraced grounds will provide plenty of space for picnics, relaxing and taking in the lake view. Rentals of non-motorized boats and paddle boards will also be available.
Bellevue’s waterfront is only 1 1/2 blocks from the Downtown Park. The lakefront park expansion will better connect the city’s waterfront to the Downtown Park and eventually to the Grand Connection.
Robin Myers is a Realtor® with Windermere Real Estate specializing in downtown Bellevue’s condominium residences.
There are dozens of holiday activities this month, but several should top your “to do” list this month.
Nightly at 7:00 PM Bellevue Way is closed between NE 4th and NE 8th Streets for Snowflake Lane featuring drummers, dancers, holiday characters and a parade complete with snow every night. Arrive early, sidewalks on both sides of the street fill up quickly, but it’s definitely worth the time and effort for this holiday tradition. Kids of all ages will love the event. (www.snowflakelane.com) Free parking is available at Bellevue Square and Lincoln Square. Continue reading
Most of us agree Bellevue is a great place to live. Residents consistently giving high marks to the city’s government, services, safety, parks and recreation services and overall amenities. One of the city’s biggest perks is its many parks – urban parks, waterfront parks and small pocket parks offering playgrounds, indoor and outdoor recreation options, walking and hiking trails, boat launches, swimming beaches and more. If you’re a park user and appreciate the city’s efforts in maintaining and improving the parks, maybe now is the time to get involved – the City Council is seeking candidates for a vacancy on the Parks and Community Services Board. Continue reading