November 4, 2011 [8] www.kirklandreporter.com I n today’s housing market, Kirkland and the rest of the Eastside are experi- encing low inventory and stiff competition for homes that are in move-in condition, updated and priced realisti- cally. e low inventory is a normal seasonal event, but the difference is that the homes that are in poor repair or lacking any substantial remodeling are still lingering on the market for months, whereas those that are in pristine condition in similar locations usually sell in days and multiple offers aren’t that unusual. Our busy and savvy buy- ers today just don’t have the time or inclination to make repairs aſter purchasing and are searching for a home in turn-key condition versus a foreclosure, distressed sale or the like which usually need much more work. According to the North- west Multiple Listing Service, even though King County has seen an average 20 percent increase in sales from 12 months ago, this has not translated to higher prices, which have decreased 5 percent across the board. e inventory is down 21 percent and the average market time to sell was 105 days. So, how does Kirkland compare with those figures? We’ve seen an increase in sales of 34 percent from a year ago, though our average sales price has decreased 7.7 percent and inventory is down 28 percent from this time last year. Kirkland’s average market time is 100 days for the year, but that has dropped considerably to 83 days in the last six months. Even though the number of homes on the market has dropped dramati- cally, the number of sold properties has been very consistent throughout the year. is confirms that even though it is still a buyer’s market with prices holding or trending slightly down- ward, the homes that have sold here have been priced How the real estate market fares in Kirkland Recently, I attended Washington’s 8th Annual Conference on Abuse of Elders and Adults with Disabilities. This confer- ence provides valuable insight to those individu- als who may encounter elder abuse, including law enforcement, caregivers, ombudsmen, and any oth- er professionals or adults interested in learning more about this growing issue. As baby boom- ers age and life ex- pectancy increas- es, the population of older adults increases. In turn, the pool of potential victims increases. Combine this with a downturn in the econo- my, substance dependen- cy issues, and what seems to be a growing need to “keep up with the Jones” and you can understand why elder abuse is on the rise. Elder abuse involves a wide range of topics, such as physical, sexual, and mental abuse. Some- times forgotten in this definition is financial exploitation. Financial exploitation involves a person who intentionally manipulates another for his or her own gain. The victims tend to be vul- nerable adults who are targeted due to their med- ical, emotional, or psychological state. The victim may be lonely or suffering from dementia, whether diagnosed or not. Perpe- trators may come from anywhere, including fam- ily members, caregivers, religious groups, social organizations, strangers, etc. Signs of potential abuse include the following: • Changes in routine • Changes in body lan- guage and mannerisms • Changes in social interaction • Not bathing or eating • New “friends” • Changes in spending habits The above is obviously not all inclusive. I urge everyone to be aware and interact with your parents, grandparents and neighbors. Take any complaints you hear seriously, even if it is something that you could never imagine happening to your loved one. If you suspect abuse, contact Adult Protec- tive Services (APS) at 1-866-EndHarm (1-866- 363-4276) or visit their website at www.aasa.dshs. wa.gov/APS. Steve Geertz, CPA, CFE, is the principal of BG & Company LLC in Kirkland. Contact Steve at steve.geertz@bgco-llc. com or 425-891-8752. Financial exploitation of older adults KIRKLAND REAL ESTATE & FINANCIAL Your guide to Real Estate and home buying & selling YOU RIGHTFULLY EARNED IT. NOW RIGHTFULLY KEEP IT. www.edwardjones.com Member SIPC Sarah R Taylor, AAMS® Financial Advisor 963 6th St S Kirkland, WA 98033 425-828-9087 Call or visit your local financial advisor today. Looking to keep more of your income and cut your taxes? Then tax-free municipal bonds* may be for you. *Bonds may be subject to state, local or the alternative minimum tax. 538445 COMMENTARY Steve Geertz How to look for potential financial exploitation of vulnerable adults “Let me help you with financing your dream home.” 425-275-0633 • Cell: 425-766-5408 • Fax: 425-275-0649 loansbygina.com • [email protected]• Lic # MLO#115337 KNOWLEDGE • EXPERIENCE • VALUE 539846 Gina Brown Senior Loan Officer Mortgage Capital Associates, Inc. Patrick O’Neil Sr. Account Manager 206-930-2202 direct [email protected]Ask me how to RECEIVE 10% off your title Your source for valuable Real Estate tools 522637 539848 Roslyn Comley Coldwell Banker Bain President’s Circle Previews Specialist & Relocation Specialist www.roslyncomley.com 425-351-2208 Deeply experienced, savvy client advocate working with one goal in mind: Ensuring that each client’s experience enriches their lives for decades to come. What can I do for you today? FALL OFFER Special Closing Costs Assistance. Up To $3,000. I Have Clients That Have A Need For Ranch Or Rambler Style Homes. Do You Wish To Sell Or Buy? Call Me Today To Answer Your RE Needs. 529202 [email protected]206-999-2107 B.H.G. Executive Real Estate 9757 ne juanita drive #123, kirkland, washington 98034 425-891-8752 | www.bgco-llc.com & COMPANY LLC FINANCIAL, FORENSIC AND FRAUD SERVICES 541265 November 6th – 12th is International Fraud Awareness Week. Contact us for more info! COMMENTARY Chelle Nelson [ more MARKET page 9 ]
Transcript
November 4, 2011[8] www.kirklandreporter.com
In today’s housing market, Kirkland and the rest of the Eastside are experi-
encing low inventory and sti� competition for homes that are in move-in condition, updated and priced realisti-cally.
� e low inventory is a normal seasonal event, but the di� erence is that the
homes that are in poor repair or lacking any substantial remodeling are still lingering on the market for months, whereas those that are in pristine condition in similar locations usually sell in days and multiple o� ers aren’t that unusual.
Our busy and savvy buy-ers today just don’t have the
time or inclination to make repairs a� er purchasing and are searching for a home in turn-key condition versus a foreclosure, distressed sale or the like which usually need much more work.
According to the North-west Multiple Listing Service, even though King County has seen an average 20
percent increase in sales from 12 months ago, this has not translated to higher prices, which have decreased 5 percent across the board. � e inventory is down 21 percent and the average market time to sell was 105 days.
So, how does Kirkland compare with those � gures? We’ve seen an increase in
sales of 34 percent from a year ago, though our average sales price has decreased 7.7 percent and inventory is down 28 percent from this time last year.
Kirkland’s average market time is 100 days for the year, but that has dropped considerably to 83 days in the last six months. Even though the number of
homes on the market has dropped dramati-cally, the number of sold properties has been very consistent throughout the year. � is con� rms that even though it is still a buyer’s market with prices holding
or trending slightly down-ward, the homes that have sold here have been priced
How the real estate market fares in Kirkland
Recently, I attended Washington’s 8th Annual Conference on Abuse of Elders and Adults with Disabilities. This confer-ence provides valuable insight to those individu-als who may encounter elder abuse, including law enforcement, caregivers, ombudsmen, and any oth-
er professionals or adults interested in learning more about this growing issue.
As baby boom-ers age and life ex-pectancy increas-es, the population of older adults increases. In turn, the pool of potential victims increases.
Combine this with a downturn in the econo-my, substance dependen-cy issues, and what seems to be a growing need to “keep up with the Jones” and you can understand why elder abuse is on the rise.
Elder abuse involves a wide range of topics, such
as physical, sexual, and mental abuse. Some-times forgotten in this definition is financial exploitation. Financial exploitation involves a person who intentionally manipulates another for
his or her own gain.
The victims tend to be vul-nerable adults who are targeted due to their med-ical, emotional, or psychological state. The victim
may be lonely or suffering from dementia, whether diagnosed or not. Perpe-trators may come from anywhere, including fam-ily members, caregivers, religious groups, social organizations, strangers, etc.
Signs of potential abuse include the following:
• Changes in routine
• Changes in body lan-guage and mannerisms
• Changes in social interaction
• Not bathing or eating• New “friends” • Changes in spending
habitsThe above is obviously
not all inclusive. I urge everyone to be aware and interact with your parents, grandparents and neighbors. Take any complaints you hear seriously, even if it is something that you could never imagine happening to your loved one.
If you suspect abuse, contact Adult Protec-tive Services (APS) at 1-866-EndHarm (1-866-363-4276) or visit their website at www.aasa.dshs.wa.gov/APS.
Steve Geertz, CPA, CFE, is the principal of BG & Company LLC in Kirkland. Contact Steve at [email protected] or 425-891-8752.
Financial exploitation of older adults
KIRKLANDKIRKLAND
REAL ESTATE & FINANCIALYour guide to Real Estate and home buying & selling
YOU RIGHTFULLY EARNED IT.NOW RIGHTFULLY KEEP IT.
www.edwardjones.com Member SIPCSarah R Taylor, AAMS®Financial Advisor
963 6th St SKirkland, WA 98033425-828-9087
Call or visit your local financial advisor today.
Looking to keep more of your income and cut your taxes?Then tax-free municipal bonds* may be for you.
*Bonds may be subject to state, local or the alternative minimum tax.
538445 COM
MEN
TARY
Stev
e G
eert
z
How to look for potential � nancial exploitation of vulnerable adults
Deeply experienced, savvy client advocate working with one goal in mind: Ensuring that each client’s experience enriches their lives for decades to come. What can I do for you today?
FALL OFFERSpecial Closing Costs Assistance. Up To $3,000.
I Have Clients That Have A Need For Ranch Or Rambler Style Homes. Do You Wish To Sell Or Buy?
REAL ESTATE & FINANCIALYour guide to Real Estate and home buying & selling
Real Estate Sales in Kirkland, WA • October 1-31, 2011Residential Housingin 98033 & 98034
12235 93rd Ave NE $196,0005525 116th Ave NE $180,00013502 117th Ave NE $230,00011601 NE 149th St $250,00013211 129 Place NE $230,00012029 NE 133rd Place $232,50013433 90th Place NE $262,0008426 NE 139th St $259,00012407 NE 73rd St $282,0006021 104th Ave NE $400,0009477 NE 121st Place $294,00013456 NE 100th St $320,0008108 126th Ave NE $331,25012420 NE 106th Lane $338,000322 5th Ave S #322 $351,80011330 NE 128th St $336,00012233 NE 64th St $367,5008023 NE 131st Ct NE $359,50012212 102nd Place NE $381,00012703 NE 101 Place $395,89910222 119th Ave NE $392,00011412 113th Place NE $389,95012702 NE 94 Ct $392,00011420 NE 97th St $420,00012821 NE 108 Place $437,500
11336 NE 67th St #B1 $457,0001012 5th St Kirkland $482,50010124 111th Ave NE $464,9201510 3rd St Kirkland $460,00010504 NE 114TH Lane $501,000613 12 Ave $529,95012725 NE 86th St $525,00012840 NE 88th St $559,0007134 NE 132nd Lane $560,00011611 73rd Place NE $497,000723 3rd St S $600,00011726 NE 95th St $639,00011307 100th Ave NE $696,0008028 NE 126th St $705,0006237 111th Ave NE $728,0006543 125th Ave NE $775,00012633 N 104th St $758,00010141 NE 62nd St $798,0004143 118th Ave NE $850,000731 20th Ave W $905,0005904 110 Ave NE $1,065,0001401 2nd St $1,570,000802 1st St $1,600,000515 5th Ave W $1,500,00011122 79 Place NE $2,995,000
Residential Housing AveragesAverage. List Price $598,012Average Sales Price $584,965 CDOM (Cumulative Days on Market) 85
Condos/Townhomesin 98033 & 98034
12515 NE 145th Place #D123 $39,02514507 127th Ave NE #I-64 $54,00012601 109th Ct NE #K-101 $63,00012744 NE 116th Lane #K-21 $65,00012515 NE 132nd Ct #A203 $60,00010004 NE 120th Lane #A102 $92,90011313 NE 128th St #E204 $98,50012704 NE 144th St #A101 $96,00012044 96th Ave NE #225 $113,00012717 NE 116th St #D204 $107,50011113 NE 125th Lane #E-217 $120,0007328 NE 142ND Place #B $123,50010002 NE 124th Place #10002 $138,00012630 100th Ave NE #G-134 $148,50011920 98th Ave NE #102 $160,00013025 102nd Lane NE #1 $140,0001111 Kirkland Ave #4A $165,000406 10th St #F101 $182,0009935 NE 144 Lane #1003 $186,500220 1st St #411 $255,0006717 110th Ave NE #A3 $266,0008719 123rd Lane NE #8719 $291,000122 State St S #E304 $305,000122 State St S #E 214 $325,000408 2nd Ave S #B101 $365,000122 State St S #E315 $417,13511336 NE 67th St #B1 $457,0008629 112th Lane NE $515,00010141 NE 62nd St $798,000
Condos/Townhomes AveragesAverage. List Price $211,950Average Sales Price $222,524CDOM (Cumulative Days on Market) 117
Cindy Hamman, CRSManaging Broker, Certi� ed Residential SpecialistCerti� ed Negotiation Expert, Realtor
425 442-4942www.HammanHomes.com
Integrity371 NE Gilman Blvd, Suite 160, Issaquah, WA 98027
Sponsored by:
very competitively, were sold more quickly and closer to their original listed price. In my observation, those homes have also been in excellent condition and well-updated.
It seems we have weathered the poor housing market and economy much better than many of our neighbors and we’re getting stronger every day. I see this as a testament to Kirkland’s prime location
on Lake Washington’s edge, close proximity to many major employers, its strong community spirit and superb livability. If you’re a Kirkland resident thinking of selling, just keeping your home well-maintained and upgraded and then pricing it well should bring you success.
Chelle Nelson is with Yarrow Bay Windermere Real Estate. Visit www.chellenelson.com
[ MARKET from page 8]
November 4, 2011[10] www.kirklandreporter.com
Windermere Real Estate East, Inc. Kirkland/Yarrow Bay O� ce
KIRKLAND $369,900In the HEART of everything KIRKLAND!!! 2bed/1.5 bath townhome w/glorious water, city & mountain VIEWS! Complete HIGH END remodel w/2 car garage, private patio, deck & pet friendly! www.CarleneSandstrom.com
CARLENE SANDSTROM 206-910-3662
CLYDE HILL $1,450,000NW Contemp with dramatic entry & cathedral ceilings fram-ing the view from this 5 bdrm, 4 bth daylight rambler in desir-able Aqua Vista neighbrhd. Beautiful views of Lk Wash from nearly every room on a very private shy half-acre lot.
CHELLE NELSON 206-953-5927
MEDINA NEW HOME! $4,500,000Rare “Horse Acre” in extraordinary location. Perfectly level, offering views and privacy, and build-ready. Prelim Architecture available, call for more details! www.BigDogRealty.com
HEIDI BRIGHT 425-820-5343
GOAT HILL $159,000Level lot w/ SW views of Lake WA, Bellevue Cityscape, & Mt Rainier! Quiet setting,Private Beach & moor-age avail. Enjoy beach, tennis, shops & restaurants!www.BigDogRealty.com
HEIDI BRIGHT 425-820-5343
KIRKLAND $369,950 Sweet Cottage w/tons of upgrades just 3 blocks from Juanita Beach Wtrfrnt Park. Giant sunny wrap-around deck nestled at base of Goat Hill on Huge 13K Sq Ft Lot. Detached studio options: MIL/Garage/Shop? Listing courtesy John L Scott
KATHRYNE GREEN 425-766-1315
SOLD
KIRKLAND $448,777Tri-level sits majestically on lrg, lush lot. Lovingly updated & upgraded w/designer colors, all new - rng i.e. bamboo, tile and hi-end carpeting. Great Rm w/soaring ceilings. www.highlandsperfection.info GG Getz…’Results’!
GG GETZ 206-915-7777
HOUGHTON $1,100,000Stunning Masterpiece w/striking architectural lines by renowned builder Cha� ey Homes. Luxury � nishes highlighted by 4 bdrms, 3.75 baths, den/o� ce & bonus rm on a beautiful 13,134 sqft lot. View photos at www.KirklandHomesOnline.com MLS #281619
CRAIG GAUDRY 425-576-5555
WEST OF MARKET $1,237,000Lake views & an idyllic location...Perfect, � owing � oor plan, huge kitchen & great room open to west-facing patio & lawn. 4 Bdrm+Bonus up, Den on main. Peaceful master w/vaulted ceilings, sunny view deck. www.kirklandstyle.com
NATASHA BOSCH 425-766-8019
SOLD
WEST OF MARKET $2,900,000Exquisitely remodeled & immaculately maintained rambler on one of the best lots positioned to maximize lake, city & MT views! Timelessly elegant, an entertainer’s dream home. Perfect indoor-outdoor � ow in this private retreat. www.kathymagner.com
KATHY MAGNER 425-803-9457
SOLD
WOODINVILLE $499,400Perfect designer showcase backed by Greenspace for utmost privacy & quiet. Luxury materials & � nishes: granite counters & huge island; hardwoods thru main level. Romantic Master w/see-thru frplc. Gourmet in You kitchen. 20232 134th Ave NE. www.gggetzresults.com
