Just Listed! Gorgeous, Updated Silver Beach Home!

house fron 1Just listed 4518 E Oregon St in Bellingham!

This incredible 4 bedroom, 2 1/2 bath  home just hit the market and is listed for $475,000.

A gorgeous updated 4 bedroom home in Silver Beach just hit the market. Sit back & from your deck or living room windows watch the sunsets setting over Lake Whatcom as everything on the Honey Do list has already been checked off. No painting, no roof problems, no furnace issues, no remodel work because it’s already been done. If your idea of a weekend is entertaining, gardening in a sunny backyard or just goofing off then this is the home for you. Makes a person smile just thinking about it!!

Features:

Bath Off Master, Built-In Vacuum, Double Pane Storm Windows, Dining Room, French Doors, Jetted Tub, Vaulted Ceilings, Walk-in Closet,Flooring Ceramic Tile Floor, Hardwood Floor, Vinyl Floor, Wall to Wall Carpet, Cable TV, Deck, Partially Fenced, High Speed Internet

Details:

Taxes: $4,032
View:Lake, Territorial
Lot Size: 0.20 Acre (8,712 SqFt)
Garage Size:2 Car
Exterior: Wood
Fireplaces: 1 Fireplace
Heating/Cooling: Forced Air, High Efficiency, Insert
Roof: Composition Roof

For more information on 4518 E Oregon St in Bellingham or to schedule a showing call us at (360) 303-2734 or email us at Info@JohnsonTeamRealEstate.com !

Top 3 Things Second-Wave Baby Boomers Look for in a Home

According to data from the U.S Census bureau, there are approximately 76.4 million baby boomers living in the United States today. Contrary to what many think, there are very different segments within this generation, and one piece that sets them apart are their housing needs.

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John McManus, editorial director of Hanley Wood’s Residential Group says his company “is focusing on the preferences of the younger half, or second-wave baby boomers, as they exhibit different needs than the older boomers.”
What are ‘second-wave baby boomers’ looking for?

McManus says, “They are seeking a fun, dynamic lifestyle with a home that can also adjust to their changing needs in the future. Living space should either include accessibility features, such as doorway space, lower shelves, and nonslip surfaces, or be easily adjustable when the time comes.”

In a homebuyer study performed by The Farnsworth Group, the participants revealed their reasons for purchasing a new home. The top three factors that influence their purchase include area/location (50.2%), price/affordability (37.4%), and the layout of the home (19%) (as shown in the graph below).

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The report also found that when buying a new home, there were other concerns like quality of construction (9%), a safer neighborhood (8.4%), better floor plans (8.25%). The most important rooms or areas are the kitchen (82.8%), master bedroom (59.2%), and great room (36%).

Technology also plays an important role! Second-wave baby boomers prefer wireless security systems (7.1%), lighting that senses and adapts to them (6.3%) and integrated home technology, including “smart” thermostats and lighting controlled by a smartphone (6.2%).

Grey Matter Research and Consulting points to a sense of community as a major factor in wanting to purchase:

“The first impressions are important when entering a new community, as is feeling welcome in the community. Amenities such as clubhouses, pools, and walking trails featured prominently in the decision to purchase in a community. Location was key, as residents want their new homes to be near shopping, dining, medical services and entertainment.”

Bottom Line

If you are one of the many ‘second-wave’ baby boomers who is starting to feel like their current homes no longer fit their needs, take advantage of the low inventory of existing homes in today’s market by selling your current home and moving on to one that truly fits your new lifestyle.

Source: KeepingMattersCurrent

If you are curious what your home might be worth in today’s real estate market, Johnson Team Real Estate can help!

Click to receive a FREE no obligation home value report today!

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If Your Home Hasn’t Sold Yet… Check the Price!

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The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the winter as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?

If your house hasn’t sold, it is probably because of the price.

 

If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. See chart below.

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Bottom Line

The housing market is hot. If you are not seeing the results you want, sit down with your agent and revisit the pricing conversation.

Source: KeepingMattersCurrent

If you are curious about your home’s value in today’s market or have questions about real estate pricing call us locally at (360) 303-2734 or email us at Info@JohnsonTeamRealEstate.com, we’d be happy to help!

Click to receive a FREE no obligation home value report via email!

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You Need a Professional on Your Team When Buying a Home

Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to do it on their own. In today’s market: you need an experienced professional!

Johnson Team Real Estate

You Need an Expert Guide if You Are Traveling a Dangerous Path

The field of real estate is loaded with land mines; you need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a home that is priced appropriately and is ready for you to move into can be tricky. An agent listens to your wants and needs, and can sift through the homes that do not fit within the parameters of your “dream home.”

A great agent will also have relationships with mortgage professionals and other experts that you will need in securing your dream home.

You Need a Skilled Negotiator

In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of thousands of dollars. Each step of the way – from the original offer to the possible renegotiation of that offer after a home inspection, to the possible cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.

Realize that when an agent is negotiating their commission with you, they are negotiating their own salary; the salary that keeps a roof over their family’s head; the salary that puts food on their family’s table. If they are quick to take less when negotiating for themselves and their families, what makes you think they will not act the same way when negotiating for you and your family?

If they were Clark Kent when negotiating with you, they will not turn into Superman when negotiating with the buyer or seller in your deal.

Bottom Line

Famous sayings become famous because they are true. You get what you pay for. Just like a good accountant or a good attorney, a good agent will save you money…not cost you money.

Source: KeepingMattersCurrent

Let Johnson Team Real Estate help you save time and money in your real estate transactions! Call us today at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com today!

Tips to Keep Safe in Windstorms

Bellingham Wind Storm The wind is really howling outside! My weather meter just recorded a gust of 42mph at my office.

Below are some tips to help keep you and your home safe in a windstorm.

– Go out in your yard and collect any loose items that may blow away in a storm. Lawn chairs, lawn ornaments and even trampolines are example of items that tend to take flight in storms.

-Check out your fencing around your home that might need repair to assure the wind does not further damage it and potentially let your pets out of the yard.

– Be sure to check for loose or missing shingles on your roof or chimney flue caps which may have become loose. Damaged or loose flues can allow deadly carbon monoxide to enter a home.

-Be sure to have trees and branches trimmed back from your home to prevent damage when wind may batter them around.

-Have at least a 72 hour supply of food, water, flashlights, batteries, medicine & etc in case of power outages & the potential inability to leave your home due to blocked roads or other issues.

-Check your windows for cracks that may leave your windows vulnerable during a storm. If a window has a small crack it can sometimes spread in extreme winds causing it to shatter.

– After a storm be sure and remove debris from yard as this can attract insects and lead to problems in and around your home.

Hope everyone stays safe in today’s wind!

Your Monday Pending Ratio Update!

The number of real estate signs you see in yards can be deceiving as to the number of home actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers!

Every week we keep track of how many homes are for sale around Bellingham and Whatcom County and how many of those homes have pending offers on them. Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.

As of Saturday, January 7th, the pending ratio in Bellingham was 46%. Click the links to view a report of how many homes are for sale in each area and price range and how many of them are pending showing just how active certain sectors of the market are.

Birch Bay has a pending ratio of 27%

The Ferndale pending ratio was 28%

The Lynden pending ratio was 38%

The Sudden Valley pending ratio was 61%

If you are thinking of selling your home or property, Johnson Team Real Estate would love to help! We are here to help you will all your real estate needs! You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com

Millionaire to Millennials: Buy a Home!!

Millionaire to Millennials: Buy a Home!! | MyKCM

Last week, CNBC ran an article quoting self-made millionaire David Bach explaining that not purchasing a home is “the single biggest mistake millennials are making” because buying real estate is “an escalator to wealth.”

Bach went on to explain:

“If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter.”

In his bestselling book, “The Automatic Millionaire,” Bach does the math:

“As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started — owning nothing. Or you can buy a house and spend the same amount paying down a mortgage, and in the end wind up owning your own home free and clear!”

Who is David Bach?

Bach is a self-made millionaire who has written nine consecutive New York Times bestsellers. His book, “The Automatic Millionaire,” spent 31 weeks on the New York Times bestseller list. He is one of the only business authors in history to have four books simultaneously on the New York Times, Wall Street Journal, BusinessWeek and USA Today bestseller lists.

He has been a contributor to NBC’s Today Show appearing more than 100 times, has been a regular on ABC, CBS, Fox, CNBC, CNN, Yahoo, The View, and PBS, and has been profiled in many major publications, including The New York Times, BusinessWeek, USA Today, People, Reader’s Digest, Time, Financial Times, The Washington Post, The Wall Street Journal, Working Woman, Glamour, Family Circle, Redbook, Huffington Post, Business Insider, Investors’ Business Daily, and Forbes.

Bottom Line

Whenever a well-respected millionaire gives investment advice, people usually clamor to hear it. This millionaire gave simple advice – if you don’t yet live in your own home, go buy one.

Source: KeepingMattersCurrent

Have questions on how to start the home buying process? Contact Johnson Team Real Estate today at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com, we’d be happy to help!

Team Talk

moving-truckHope you all had a lovely holiday season! Here’s what’s new with Johnson Team Real Estate outside the office.

November 10th is the Marine Corps birthday, so Rich flew to New Hampshire for the annual gathering of guys he served with in Japan many years ago.  Lylene flew in a few days later, and they went on to Portland, Maine.  It is a seaboard town with a lot of history, great walkability and the best lobster ever…probably thanks to the local fishers.  From there they spent a few days in Boston and visited some favorite places like the Public Gardens as well as exploring some new venues.  Boston is one of those places one can visit multiple times…and always see something new.  Graham was home over Thanksgiving and for a couple of weeks at Christmas.  He has taken an engineering job with a firm down on the Columbia River, so they are looking forward to seeing him more often.

Fawn, Casey and McKenna had a lovely holiday season! They were able to sneak away to Leavenworth for a few days and enjoy some festive fun, including a horse drawn sleigh ride in the snow. McKenna is now playing basketball in addition to racing and has even score some baskets in her game. Her winter racing series in going well in Monroe, where she is racing her Junior Spring and go-kart. They are all looking forward to warm summer nights at Deming Speedway where she will start racing in April.

They are also staying busy with projects around the house including moving McKenna to a larger room and converting her old room into a craft room and office.

The Holidays are over and the Bredeson household is returning to a sense of normalcy. And none too soon. Lauren was out of school a week early with the snowstorm that hit on December 9th. She had her “Big” first- teenage birthday party. Kids from all over came to the Sandy Point clubhouse for dancing and music. The kids had a blast with the black light party. It took a long time to set up – and even longer for the cleanup. But fun was had by all the kids.

Lauren is also enjoying the Ferndale Reign softball practices. They have their first game at an indoor field in February. All the kids are excited about that.  And the parents are too.

Kim and Mike have been dismantling the decorations and preparing for 2017. Landscaping is on the bucket list for the spring and a few trips planned as well. Perhaps Mike will fly to Hawaii sometime soon and a trip to see Kim’s sister in Las Vegas may be for the spring. This winter appears to want to be a cold one and a little sun , over the freezing mark would be great!

Many thanks for your support in 2016; we look forward to helping you with any real estate projects,questions or concerns in 2017.         

 

2016 Whatcom County Real Estate Report

Bellingham Real Estate Market 2016 marked the 5th straight year of real estate sales and price increases in Whatcom County, which we probably all knew, particularly if we bought or sold a house recently.  However, the changes in the Whatcom County market have not been equal in all areas, which may give us a glimpse of how the County will change over time.

 

Let’s start with some basic numbers:

  • While the number of total home sales in Whatcom County increased by 50% over the past 5 years (to 3145 from 2088), the percentage of increase by area varies from a low of 13.6% in Lynden to a high of 106% in the Mt Baker area.

 

  • While the number of homes sold over the past 5 years in every area was up, the percentage of the market held by the areas changed, with Bellingham dropping from 45% to 36% of the market, Lynden dropping from 11% to 8% and other areas picking up their losses.

 

  • Average sale prices throughout the county have increased since 2012, with an average increase county wide of 22%.  The greatest percentage increase was in the Mt Baker area…up almost 52%…and the least percentage increase was in Birch Bay/Blaine…up just 7.5%.  Other areas saw average price increases of 20% to 30%.  Median sale prices were up across the board.

 

  • The homes that sold went faster over the past 5 years…almost twice as fast as in 2012…but there were still homes that didn’t sell.

 

The number of homes for sale in Whatcom County as of December 31st was down about 30% from last year at this time.  Typically, inventory increases when the holidays are over, but we aren’t anticipating the market to loosen up in 2017.

Do you have specific question about the Bellingham and Whatcom County Real Estate markets? Johnson Team Real Estate is here to answer you questions! Call us today at (360) 303-2734 or email us at Info@JohnsonTeamRealEstate.com.

 

2016 was a Big Year for Real Estate In Whatcom County!

j-team-signDid you see Lylene’s Bellingham and Whatcom County real estate statistics featured in The Bellingham Herald today?

Lylene states, “Agents had a banner year in 2016, selling 3,145 homes in Whatcom County, a 5.1 percent increase compared to the previous year, according to Lylene Johnson of The Muljat Group. Her report is based on data from the Northwest Washington Multiple Listing Service, which focuses on transactions done by agents.”

 

Click here to read the complete Bellingham Herald article!

Curious how the changes in the market have impacted your home’s value?

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