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Big turnaround in 2012 for Queen Anne & Magnolia housing market (sponsored story)

January 24th, 2013 by Cory Bergman

(This is a sponsored story written by John Madrid, Managing Broker with John L. Scott Real Estate).

What a difference a year makes … sale prices continue their climb and time on market continues to drop. It is definitely turning into a seller’s market.

For the 10th out of the last 12 months the median sale price for single-family homes sold on Queen Anne and Magnolia met or exceeded the sale price for the same period a year prior. Much of this trend can be attributed to a decrease in the supply of new listings in 2012 compared to 2011.

In addition to a shortage of inventory, record low interest rates, continued strong hiring by Amazon, Microsoft and a slew of smaller to midsize companies and a general belief that the market has hit bottom has resulted in strong appreciation for most Seattle home owners and sellers in 2012.

The median sale price for single-family homes sold in 2012 on Magnolia & Queen Anne was $565,000 compared to $527,500 for 2011, an over 7% increase. The average time on market decreased to 51 days for 2012 from 60 days in 2011.

A less than a 3 month supply of homes is generally considered a Seller’s market while 3-6 months in inventory is considered a “balanced” market. The overall supply of Magnolia & Queen Anne homes averaged around 2.7 months of inventory for 2012 versus a 4.2 month supply for 2011.

Expected trends for 2013 include continued low interest rates and inventory as well as multiple offers situations for competitively priced homes in popular neighborhoods including Magnolia & Queen Anne with their great walkability, popular schools and proximity to downtown.

More stats on other Seattle neighborhoods can be found here.

Tip: Even in a strong home Seller’s market amazing photos and professional marketing materials (including a custom website and full color two sided flyers) can result in a quicker sale and the best sale price.

John Madrid is a Managing Broker with John L. Scott Real Estate – University Village and is a 2005-2012 Seattle Magazine “Five Star” Agent. His clients include both home buyers and sellers. He can be reached at 206-498-1880, john@live206.com or www.live206.com.

(Statistics are deemed reliable but are not guaranteed. All information should be verified to the users own satisfaction.)

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Weekend Roundup – On & Around Queen Anne

November 29th, 2012 by Laura

A reminder – if you have any holiday events, Queen Anne Food Bank drives, or other charitable drives, just let us know.

Remember to check out the ongoing Seattle Center Winterfest activities – they are numerous, so not listed below. And, you’ll note that there’s more “around” than “on” Queen Anne this weekend… a fairly quiet weekend, but some of our adjacent neighborhoods have holiday events worth checking out.

Weekend Traffic Impacts:
Aurora Bridge: Bridge reduced to one lane in each direction and the Fremont Way N southbound on-ramp to the Aurora Bridge will be closed, Sunday through Thursday nights (9am-5am) through mid-December

Heads-Up for Mid-Week:
107.7 The End’s Deck The Hall Ball, Key Arena, Tuesday, Dec 4

Multi-Day Events:
The Princess Bride Quote-a-Long, SIFF Uptown, Friday, Nov 30 – Tuesday, Dec 4
R. Kelly Trapped in the Closet Sing-a-Long, SIFF Uptown, Friday, Nov 30 – Saturday, Dec 1
Urban Craft Uprising, Seattle Center Expo Hall, Saturday, Dec 1 – Sunday, Dec 2
Seattle Sampling Artists’ Studio Tour, North Seattle, Ballard, West Seattle, Friday, Nov 30 – Sunday, Dec 2
7th Annual Soulumination Artists’ Sale, Ballard, Saturday, Dec 1 – Sunday, Dec 2
Phinney Neighborhood Association 32nd Annual Winter Festival & Crafts Fair, Saturday, Dec 1 – Sunday, Dec 2

Friday, November 30
Smores and Holiday Pottery Sale, Magnolia Community Center 6-8pm
Bad Art? Exhibit Opening, Nordic Heritage Museum
SIFF Uptown New & Continuing Films: Argo, Life of Pi, Café de Flore

Saturday, December 1
Girls on the Run 5K, Seward Park, 10am (local Coe and John Hay students running)
Special Service on World AIDS Day, First United Methodist Church, 7pm

Have an event that you would like us to report on? Drop us an email at tips@queenanneview.com

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Is a New Bike on Your Holiday Wish List? Consider a Recycled Bicycle

November 20th, 2012 by Laura

If you’re in the market for a new bike, but want to keep things local and green, consider a recycled bicycle from a local, independently owned bike shop.

Sprocketts Recycled Bicycles opened earlier this year in the Interbay shopping complex next door to Whole Foods. The shop specializes in recycled bikes of all shapes and sizes – Sprocketts bikes are 99% recycled, 1% new (brake cables and inner tubes), so you can pick up a bike that gets a new life and isn’t taking up space in a landfill. Plus, 10% of the profits go to charities, including Big Brothers Big Sisters, the Ballard Food Bank, and individual needy families.

In addition to fitting you to the right recycled bike, you can also keep it in great working shape with service repairs, tune-ups, and spare parts from Sprocketts.

Mama, Sprocketts’ Mascot

You can keep up with the rotating inventory online or stop by the shop, and let owner Mike Benson help connect you with the right bike. If you do the latter, be sure to say hello to Mama, the shop mascot.

Sprocketts also has a holiday special – order your recycled bike (or a new one, they can do that too) now and save 15-20%. So, if a bike is on your holiday wish-list, consider a recycled bike – keep it green and local this holiday season!

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Weekend Roundup – On & Around Queen Anne

November 15th, 2012 by Laura

A reminder about the upcoming holidays – if you have any holiday events, Queen Anne Food Bank drives, or other charitable drives, just let us know.

Traffic-wise, it’s fairly quiet this weekend save for the Sounders game on Sunday and the 520 bridge weekend closure. Event-wise, there are quite a few multi-day events, including a couple of holiday craft shows, and the first of the holiday-themed road races is on Saturday at Green Lake.

Weekend Traffic Impacts:
Aurora Bridge: Bridge reduced to one lane in each direction and the Fremont Way N southbound on-ramp to the Aurora Bridge will be closed, Sunday through Thursday nights (9am-5am) through mid-December
520 Bridge: closed 11pm Friday through 5am Monday

Multi-Day Events:
Cinema Italian Style, SIFF Uptown, Thursday, Nov 15 – Tuesday, Nov 20
Parkour Visions Competition, 1210 W Nickerson, Friday, Nov 16 — Saturday, Nov 17
Warren Miller’s Flow State, McCaw Hall, Friday, Nov 16 – Saturday, Nov 17
24th Annual Fall Best of the Northwest Art and Craft Show, Friday, Nov 16 – Sunday, Nov 18, Smith Cove Cruise Terminal on Pier 91 (by Magnolia Bridge)
International Gem & Jewelry Show, Seattle Center Expo Hall, Friday, Nov 16 – Sunday, Nov 18
Yulefest, Nordic Heritage Museum, Saturday, Nov 16 – Sunday, Nov 18
Nunsense, SPU Theatre, Thursday, Nov 15 – Saturday, Nov 17
Seattle Auto Show, CenturyLink, Wed, Nov 14 – Sunday, Nov 18

Friday, November 16
Queen Anne Dispatch Friends & Family Event, 2212 Queen Anne Ave N, 6-10pm
Queen Anne Pool Movie Night, “Cowgirls & Angels”, 6:30pm
SIFF Uptown New & Continuing Films: Argo, Tales of the Night 3D

Saturday, November 17
Green Lake Gobble 5K & Mashed Potato Munch-Off, Green Lake Park, 8am
Teen Workshop: Make a Difference: Art & Activism, SAM, 10 am-3 pm
7th Annual Meet the Mammals Family Day Event, Burke Museum of Natural History and Culture, 10am-4pm
Santa’s “Holiday Spectacular”, Northgate Mall, 10:30am-2pm

Sunday, November 18
West Thomas Street Pedestrian Bridge Ribbon-Cutting and Artwork Dedication, 3rd Ave W between W Thomas and W Harrison Streets, 2pm
Sounders vs LA Galaxy, CenturyLink, 6pm

Have an event that you would like us to report on? Drop us an email at tips@queenanneview.com

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Help the Queen Anne Food Bank, Volunteer to Run a Food or Goods Drive this Holiday Season

November 14th, 2012 by Laura

The holiday season is upon us, and the Queen Anne Food Bank needs your help! The Food Bank is looking for local businesses, organizations and groups interested in running food and/or personal items drives. The Food Bank will work with you to get you up and running by helping with key steps of the planning process.

The process of organizing a food drive starts with bringing together a group of interested people, then deciding on dates to start and end the drive, as well as a date to deliver the food. You can request that the Food Bank make a flyer for you, or better yet, channel your inner artist and design one of your own.

The next step? Get the word out about your drive and what items you need people to donate. At this step in the process, Queen Anne View can help you – if you run a food/goods drive, post the info in the Forum, and a blog post further publicizing all local Queen Anne food drives will follow.

Once the drive starts, the majority of the work is over and you can reap the rewards of knowing you’ve helped those in need this holiday season and beyond. Plus, it’ll be a lot of fun – check out this picture from a “fill the truck” food drive this past July:

If you, your organization, or your business is interested in running a Food Bank drive, please get in touch with the Queen Anne Food Bank outreach coordinator Florence McCafferty at florence@qafb.org or 206.216.4102.

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Photography Exhibition Opens at Stacya Silverman Art and Beauty this Sunday with Artist Reception

November 14th, 2012 by Laura

Jay DeFehr
Untitled Juliet Portrait
Silver gelatin print, 6-1/2″ x 8-1/2″

Starting Sunday, November 18, Stacya Silverman Art and Beauty will host Portraits and Landscapes, a photography exhibition with works by Thomas Schworer and Jay DeFehr. The show kicks off with an opening reception for the artists held Sunday from 11am to 5pm.

Although his work has been shown internationally, the exhibition will be local artist Jay DeFehr’s first show in Seattle. DeFehr processes his film in a conventional darkroom with his own archival chemistry formulation. The show will feature four of DeFehr’s works.

Thomas Schworer
Cove in Evening Light, Southern Oregon Coast
Encaustic over archival pigment photograph

Landscape photographer Thomas Schworer lives and works in the Pacific Northwest, but his photographs have been exhibited on both coasts. His works featured in the show will be encaustic over archival pigment prints mounted on hardwood. The show will feature ten of Schworer’s landscapes.

The exhibition opens Sunday November 18 and runs through the holidays. The gallery is located across from Macrina Bakery at 514 W McGraw St, Suite 101. For more information, contact Stacya Silverman at 206.270.9465 or stacyasilverman@gmail.com.

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Le Rêve Bakery & Cafe Celebrates its 2nd Anniversary All Week Long

November 11th, 2012 by Laura

Monday is Le Rêve’s second anniversary, and to celebrate two years on Queen Anne, the bakery and café has special offers all week. Le Rêve has been a great addition to the neighborhood, and owner Andrea Nakata feels fortunate to be celebrating two years in business.

Le Rêve has secured a large following of loyal customers – they were super-busy this past Saturday at 11am, with patrons spilling out onto the front porch on a cold but sunny weekend morning. Congratulations is in order for Le Rêve – and you can do so in person while partaking of the celebration festivities the bakery and cafe has planned for the week!

I asked Le Rêve owner Andrea Nakata about her learnings from two years in business on Queen Anne, and she emphasized the importance of a loyal customer base – further cementing that patronizing our local merchants is what keep them in business and thriving.

According to Nakata:

“Much of the thanks goes to our loyal customers who have not only supported us since we opened but have taken ownership and pride in our little bakery and community gathering place.  I think one of the most enjoyable part of our job is getting to know all of our wonderful customers and neighbors.  We have customers that come in not only everyday but sometimes two or three times during the day to get their morning cup of coffee and and a pastry, soup and sandwich for lunch and dessert on their way home from work.”

And, looking forward, Nakata plans to continue its focus on great customer service while leveraging the heritage of Le Rêve’s new pastry chef:

“We strive to provide the best customer service possible and to offer the best pastries and desserts. With our new pastry chef who is originally from France and has worked all over the world, we would like to go back to our French roots and offer more traditional French desserts and expand our cake selection.  We are excited for this holiday season to be able to showcase all of our new and delectable desserts.”

To celebrate its anniversary and thank customers for their support, Le Rêve has celebration activities planned all week, starting tomorrow, Monday, November 12 – the day that marks 2 years – and continuing through Friday, November 16:

  • Monday, Nov 12: free cake 1-3pm
  • Tuesday, Nov 13: Meet and Greet (plus try new desserts) with Chef Rogerio, Le Rêve’s new Pastry Chef, 10-11am and also meet Antoaneta, Le Rêve’s featured artist of the month
  • Wednesday, Nov 14: Coffee Cupping with award winning Micro-Roaster of the Year, Olympia Coffee Roasting Company, to try Le Rêve’s latest blends of coffee, 10-11am
  • Thursday, Nov 15: Afternoon Tea with a French-inspired menu from 1-3pm (reservations required)
  • Friday, Nov 16: Happy Hour and Live Music, 4-6pm
  • So, stop by Le Rêve this week and pass along your congratulations to Andrea and her staff, and join them in the celebration. Best of luck to Le Rêve for many more years on Queen Anne!

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Help Sandy Victims at QACC on Saturday

November 9th, 2012 by Laura

Would you like to help out the victims of Hurricane Sandy through a local organization? Tomorrow, Saturday, Seattle Occupies Sandy (SOS) will be at the Queen Anne Community Center from 11am-4pm taking donations. If you’re already planning on going to the Queen Anne Artist’s Trunk Show, just add this to your list. If not, the Trunk Show is free admission, and you can stop by for a look at the wares and help out Sandy victims at the same time. Check out the list of items needed – they’re everyday items that many of us take for granted, but Sandy victims need to help return to normalcy.

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Porsche Fire this Morning

November 9th, 2012 by Laura

A Porsche 914 caught fire this morning in front of Genki Sushi at 5th N and Mercer around 8:30am. A reader sent in not only a tip, but also a video of the incident – click below:

At one point the fire was hot enough for the gas in the engine
to combust, pushing the car forward about 8 feet. No injuries reported by Seattle Fire Department, but the car certainly looks like toast.

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Uptown Alliance Meets Thursday – SLU Rezone and Future of Key Arena on Tap

November 7th, 2012 by Laura

The Uptown Alliance meets at 7pm on Thursday and there’s a new location forthis month’s meeting – the Uptown Alliance will convene in the Community Room at Expo Apartments, 100 Republican St.

Agenda
• Greetings & Introductions
• Round Robin: topics of concern
• Affordable Housing Goals for Uptown – report by Rick Hooper
• South Lake Union Rezone – report by John Coney

- UA Endorsement is requested, please read the Rezone Summary in advance
- Proposed height limit changes in SLU scale down toward the Uptown Triangle (bounded by Denny, Broad, and Aurora)
- UA may later endorse some higher height limits in the Uptown Triangle commensurate with Space Needle views, flight patterns, and the need for more housing and jobs in the Triangle
- Recommendation will come from the UA Urban Design Framework Committee and the Triangle Planning Group

• Nominations Committee – report by Jean Sundborg
• Counterbalance Park – report by Jean Sundborg
• Downtown Public Safety letter
• Future of Key Arena – report by John Coney

- There is some funding for a study of sustainable uses for the Key after completion of the new SODO arena
- A letter from UA to Mayor and Council asks for enhanced funding for the economic study of sustainable uses for the Key and suggests participatory sports uses, if the Key can no longer serve as a concert/sports venue

• Committee Reports

The next UA meeting is January 10 at 7pm, details including meeting location to follow. For additional information, contact Rick Hooper or John Coney.

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Queen Anne Dentists’ Candy Buyback a Success – Kids Get Cash, Troops Get Care Packages

November 5th, 2012 by Laura

As reported last week, local Queen Anne dentist practices participated in the Halloween Candy Buyback program, offering cash for candy that goes into care packages for troops via Operation Gratitude. Little Pearls Kids Dentistry, Smiles by Smita Orthodontics, and Seattle Kids Dentistry participated and collected a grand total of nearly 250 pounds of candy.

The combined practice of Little Pearls and Smiles by Smita collected 140 pounds of candy to send to troops, and they’ll also be donating matched funds to Northwest Harvest:

Seattle Kids Dentistry collected 100 pounds of candy and took the opportunity to educate kids on good dental health and enjoying sweets in moderation. Kids left with not only cash, but also toothbrushes and prizes in exchange for their donations.

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Easy Street Records Recognized by Mayor McGinn

November 1st, 2012 by Laura

Following on the heels of being named the King County Small Business of the Year, Easy Street Records has been recognized as a key independent Seattle business by Mayor Mike McGinn. The mayor chose Easy Street Records as the spotlight business for November’s In Good Company, a program that showcases businesses that “embody Seattle’s pioneering spirit and reflect Seattle at its best”.

According to Mayor McGinn:

“Easy Street Records embodies the diverse musical styles that Seattle produces and is an essential part of the community in the way they spread and promote Northwest music. Their commitment to their employees and to the community of Seattle is what makes them an excellent addition to the In Good Company program.”

The program recognizes locally owned businesses that are “unconventional, transformative and exemplary” – cementing the importance of the local, independent businesses that are the foundation of our neighborhood.

To further emphasize that point, here’s what Easy Street owner Matt Vaughan said in the mayor’s press release:

“We’re going to support anything that has to do with music and promoting the arts in Seattle. That’s our responsibility. As a small business owner, it is gratifying to see that Seattle folks tend to understand that by supporting small business, they are in effect recycling monies right back into their economy and effectively, right back into their local community.”

Check out the Seattle Channel video for Easy Street Records, owner Matt Vaughan talks about the history of Easy Street Records, free in-store performances, and the challenges of operating a small business – adjusting and innovating along the way.

Congratulations, Easy Street!

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