Posts Tagged ‘ short sales ’

2013 Market Out of the Gates And….

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2013 Market Out of the Gates And….

With two full months of closed sales behind us, here’s what the data is telling us about Single Family Home sales within the Tahoma School District for 2013 compared to the same time period (Jan/Feb) of 2102. Overall, the number of closed sales is about the same: 83 in 2012 and 81 this year With a slightly higher average sales price and an uptick in the median price: 2012 Avg Sales Price, $260,000 vs. 2013 $283,000 and a rise in median price  from $257,235 last year to $273,490,  one can surmise prices are rising….not surprising given low inventory. What will be interesting is to see whether the price uptick will continue when Spring Inventory increases. A pleasant swing in the number of Foreclosed sales vs closed Short sales is hopefully indicative of more distressed home owners reaching out for alternatives and more brokers becoming proficient with the process. In the first two months of 2012 there were 25 Bank Owned Sales closed and 12 Short Sales. This year, those numbers are almost reversed: 23 closed Short Sales and 10 closed Bank Owned. Turning the corner into the Spring Market, here are the questions: What will interest rates do? How will

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What’s Ahead for the Maple Valley Real Estate Market?

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What’s Ahead for the Maple Valley Real Estate Market?

While the numbers may show 2012 to have been “the bottom” of the market and the beginning of a housing recovery, if I had to sum up the year in one word it would be… “Difficult”. Short sales? Nope. I’m talking financing. Who would have thought getting short sale approval could be easier than the next step…getting the buyer’s loan approved? Or, as this year has testified, having approved buyers elbow their way into the top slot after a multiple offer negotiation, only to find they have miles of hoops to jump through before crossing the finish line? Welcome to my world. (as it was last year anyway, I am an optimist after all) The best explanation I’ve seen to date about this has been this article in Forbes magazine.  But that was then (as in 4 days ago) and this is now. So what’s ahead for the Maple Valley Real Estate Market in 2013? Keeping in my real estate is local (and in our case, hyper-local), I offer my prognostications as viewed through my still cloudy crystal ball: 1. Inventory will remain low. Many owners will be encouraged by news headlines of recovery and will decide to stay put

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Maple Valley Short Sale SOLD | 24543 SE 276th Pl

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Maple Valley Short Sale SOLD | 24543 SE 276th Pl

This Maple Valley Short Sale  in the Maple Woods Community just closed last week. The successful negotiation included full waiver of deficiency for all liens. Closed 12/11/12 Maple Woods is probably Maple Valley’s largest Master Planned Community with over 350 homes, 6 neighborhood parks and (in my opinion) one of the loveliest landscaped entries in town. This Polygon built resale home is situated down a long drive just off a double cul-de-sac street. Traditional in style, the 3 BR + Loft + upstairs utility offers function and convenience for busy lifestyles. The Main Floor layout has a Living Room upon entry, which could easily be converted to Formal Dining Room, Powder Room with pedestal sink, and a granite Kitchen with Hardwood floors. 9′ ceilings on the main floor help keep the space open and bright. Hardwood floors flow from the Kitchen, through the Nook and into the Family Room which has a gas fireplace as it’s focal point. Outside is a storage shed, A/C unit, Patio and enough lawn area for get-togethers. Here are the details: Year Built: 2004 Sq. Ft (appx): 1640 BR: 3 Bath: 2.5 Annual taxes: $3095 Hoa Dues: $50/mo Now priced SOLD for $209,000! This home is  was a Short Sale and will be was subject to

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Price Reduced Cedar Downs | NW Contemporary on .5 Acre

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Price Reduced Cedar Downs | NW Contemporary on .5 Acre

UPDATE:10/15/2012 Now under contract with Back-Up offers being accepted! Hot New Price on this Maple Valley home in the Waterfront Community of Cedar Downs, this 3000+ sq ft Basement Rambler NW Contemporary Style home has so much to offer! Lots of parking here, 2 car attached garage PLUS room for Boat/RV parking The Formal Living Room has a beautiful vaulted window detail overlooking the surrounding greenery and full length deck. Main floor boasts MANY rooms..Living Room, Kitchen with HUGE Corian Island, Nook, Family Room, Master Suite, Office/BR, Full BA and another BR. Dual Stair cases lead to the lower level which boasts “L” shaped Rec Room, Solarium/Hot-Tub Room, & Wet bar w/ mini-fridge. Bedroom, full bath, Extra Room (fitness/office?) and bedroom. This space could be easily converted to a Mother-in-law apartment. All of this is located within the Cedar Downs community of Maple Valley which has it’s own Private waterfront park on Pipe Lake. Not to mention….located within the Tahoma School District. Offered at $369,000, $329,950 this listing is a short sale, subject to lien holder approval

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Rock Creek Meadows Short Sale CLOSED! | 22808 SE 270th St Maple Valley

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Rock Creek Meadows Short Sale CLOSED! | 22808 SE 270th St Maple Valley

We just closed Escrow on this Maple Valley short sale located in the Rock Creek Meadows community. This Beautiful Norris Resale-the Ashcroft floorplan had 4 Bedrooms, upstairs Bonus Room AND a main floor Den.   Extras included slab granite, extensive millwork throughout, hardwood flooring and 5 piece Master Bath. Located within the Tahoma School District in the Maple Valley community of Rock Creek Meadows, this single family home is situated on a flag lot at the end of a long drive and is adjacent to one of the neighborhood parks. SOLD @ $315,000  

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Maple Valley Short Sale-Closed!

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Maple Valley Short Sale-Closed!

Happy Thanksgiving to the new owners of this lovely 3 BR home in Maple Valley! The previous owners contacted me this Summer as a job relocation out of state meant they would need to sell. Having bought this home in 2007, their value was,  needless to say, much lower than when purchased. We negotiated this Fannie Mae short sale, with a full waiver of deficiency rights, received approval on the 2nd….all without the owners ever having to be late on a payment. If I’ve said it once, I’ll say it again, no two short sales are exactly alike, which is why, if you’re considering this option as an exit strategy, it’s important to get information as it pertains to your personal set of circumstances. Educating yourself is a very important first step in the process!  

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Another Maple Valley Short Sale Closed!

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Update this sale closed on 5/17/2011 with no deficiency and seller receiving FHA incentive at closing. Maple Valley FHA Short Sale has just cleared a major hurdle and is now in the pre-foreclosure assistance stage! What this means to anyone interested is that FHA has completed their appraisal on the property and we are clear to accept an offer that nets 88% of that value. This is a great opportunity for a clean, updated 3 BR home on 2.4 very private acres.   Now priced at $187,500….this is a great deal in this market! More information& photos here or you can view the virtual tour here.

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Short Sale Listing Just Reduced

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Update: 12/29/2010-New Price for this Maple Valley Short Sale $297,850! Maple Valley, WA~This Westbrook homes built 4 bedroom home features rich brazilian cherry hardwood flooring from entry through Kitchen, stainless appliances and main floor BR w/ 3/4 bath for guests. Upstairs are 3 Bedrooms including the Master Suite with Fireplace, 5 piece bath, bonus room and laundry. This home has been reduced to $295,000 to reflect some TLC/repairs which may be needed. It is a great opportunity for someone who has the resources or financing (203k?) to move on this short sale opportunity.

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All information is current as of published date. Listings for sale or rent, are avaialable as of the date published, however price and availability are subject to change.