News and Events

Ewing & Clark Real Estate

2011 MARKETPLACE REVIEW: CONSISTENCY

Though the overall 2011 Greater Seattle Real Estate market showed a 10% decrease in prices from 2010, the luxury marketplace was a mixed bag. We are nowhere near the activity level of 2007, but sales levels are consistent.

 

SALES OVER $1,000,000

 The number of house sales over $1,000,000 in Seattle was fewer by 16% compared with 2010, however, the average price was nearly the same at $1,600,000. In Greater Bellevue and Mercer Island, the number of sales remained steady, yet, the average price fell by 13% to $1,770,000

 

 


SALES OVER $5,000,000

In Seattle 2011, there were two homes sold over $5,000,000 at an average of $8,500,000. By comparison there were three sold in 2010 with an average of $6,100,000. Most of the buyers over $3,000,000 were local, moving within King County, most often within the same neighborhood. 70 percent of the sales over $1,000,000 were for updated or new construction homes, and 25 percent featured views of mountains, city or water.

 

 

LUXURY RENTALS

There continues to be a high volume of luxury rentals on both sides of the lake, leased to relocating executives, to neighbors who are remodeling their current homes, and to neighbors with changing household needs. Rental prices have been consistent from 2010 to 2011.

 

 

EWING & CLARK, INC.

Ewing and Clark, Inc. is Seattle’s oldest real estate firm and has weathered numerous economic shifts. Our 2011 success included the highest sale in Washington Park and on Mercer Island. We offer personalized, professional, and discrete service and would be pleased to address your real estate needs.



 

Madison Park Area Sales are Heating Up!

Our Distinctive Home Shop

Madison Park Area Sales Are Heating Up!

In the 3rd quarter of 2009 the Madison Park office sold numerous homes in the Madison Park Area including several that the office listed.  Here are just a few of the homes that sold in the quarter:

Reed Estate

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Gracious and exceedingly elegant home in Washington Park enclave: the Reed Estate. One level living, in the tradition of the finest homes in California, wrapped around a gorgeous garden courtyard. Home includes tall ceilings, substantial moldings, and floor to ceiling windows. In addition , the home features a commmunity dock and 20 feet of Lake Washington waterfront. Gardens provide year-round color, texture, and privacy.

List Price: $2,975,000

Bed: 3

Bath: 3.5

Square Feet: 4470

 

Madison Park Waterfront

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Incredible Paul Thiry home actually built out onto the water. This is the only house of its kind between the bridges! On the shores of Lake Washington, it offers ample space, rare private beach, 3 car carport, and exceptional views. Wrap around decks ensure lakeside enjoyment with access to dock and steps to deep water.

List Price $1,995,000

Bed: 4

Bath: 2.75

Square Feet: 2610

 

Canterbury

29118992

Beautiful and well laid out Canterbury home in Madison Park and adjacent to Broadmoor Fairway. This well built home has generous scale and features a desirable kitchen and family room. One level floor plan with countless windows overlooking the private grounds and a sunny west facing terrace.

List Price $1,099,000

Bed: 3

Bath: 2.5

Square Feet: 2890

 

2008 First Quarter Newsletter

1st Quarter 2008

Well here it is.  The long awaited Ewing & Clark newsletter.  This publication is an attempt to bring us closer together as a company and community.  Each quarter we will bring you news and bits of wisdom from all divisions of our company.  We hope you enjoy this inaugural edition.

Madison Park Office Closes $15.8 Million Denny Blaine Estate
In February our beloved Madison Park office closed the highest priced recorded sale in King County in the last two years.

The estate features a 6,995 sq. ft main residence, a 1,580 sq. ft. cabana, a 553 sq. ft. carriage house and 120 feet of Lake Washington waterfront.  Congratulations to Betsy, Jane and their team!  A fine tribute to hard work and making things happen.  Madison Park Team.



New Ewing & Clark Website Launched
Ewing & Clark is pleased to announce the launch of their new website.  This new site incorporates many new and exciting enhancements. 
Jason LeMoine, a Technical Account Manager with LuxuryRealEstate.com, took charge of the www.ewingandclark.com project. The new website features many cutting-edge features. These include the ability to search by Google maps in the Greater Seattle area, save search settings and much more.


The website is powered by LRE Realty Master™, a newly developed Web application for maintaining all aspects of a real-estate site: listings, leads, neighborhoods, communities, internal-document management, media files, editorial content, blogs, Search Engine Optimization information and more. The website is compatible with all major Web browsers.

Two Capitol Hill Buildings Purchased
Peter Argeres recently sold two properties on Capitol Hill.  510 E. Pine St., is a three-story, 13,299-square-foot office building located near the intersection of Pine and Summit Ave. It was purchased for $3.85 million.  219 E. Broadway, also known as the Alley Building, is a two-story, 13,305-square-foot office building located in the heart of the Broadway retail district. The price was $3.7 million.  View Peter's Profile.

Western Avenue Continues to Grow
Eddie Chang has transferred to Ewing & Clark from a local RE/Max office.  He is a chess virtuoso and recently competed in two tournaments.  Eddie also teaches chess to elementary age children.  Need a translater, Eddie is fluent in Mandarin.  Just a few weeks into his tenure with us, Eddie has already sold a $729,000 condo in Bellevue.  Congratulations, Eddie!  View Eddie's profile.


Ron Hodge, our newest licensee, comes to us from the internet industry.  Ron is an avid tennis fan and player.  He is a regular attendee at the Washington State Open at the Seattle Tennis Club.  Ron is also involved in an internet start-up called NeighborhoodKnow.com.  He lives in Federal Way.

AC Braddock, joins Ewing & Clark after spending the past few years at John L. Scott Team Builder where she served as the Community Sales Manager for two custom home communities in Issaquah Highlands.  AC will specialize in custom high-end new construction.  Metro is extremely happy to have her on the team.  Oh, by the way, AC was married on March 3rd atop Crystal Mountain.  Congratulations AC and Fritz!

Sandra Duncan-Coates joined the firm in November.  Sandie comes from Madison House and brings with her years of experience in the luxury real estate market.  Currently she has listed nearly $4 million in property.

Lily Skiles, a new licensee, has a master’s degree in Art Business from Sotheby’s Institute of Art London and prior to moving to Seattle served as an advertising account management.  Lily is a native of Texas.

Also new to the industry, Sarah Swanson, has a degree in Exercise Science from Eastern Washington University and most recently was a personal fitness trainer at a downtown gym.

Our Commercial division is very pleased to announce the addition of Patti Bell-Spellmeyer to their team.  Patti has spent the past “many” years in advertising sales, an extremely competitive industry.  We look forward to Patti's very successful career in commercial real estate.


New Staff Additions
Michelle Pratt, Director of Human Relations, joined Ewing & Clark in November.  Prior to joining Ewing & Clark, Michele served as the Human Relations Manager at a local property management firm.  "We are very pleased to have Michelle on the team", says Casey Losh, COO.  "In just her short time here she has had a very positive impact on the company and is admired by her peers."

Heidi Liebl, Marketing Associate, will focus on implementing the marketing strategies of Ewing & Clark as well as provide administrative support to the Metro division.  Heidi is a graduate of the University of Washington and grew up in eastern Washington.  Welcome Heidi!

Tyler Sang has joined the Madison Park office as Jane Powers' and Betsy Q. Terry’s new Administrative Assistant. Though she is a Seattle native, she spent most of her years living in the Mediterranean region. She joined Ewing & Clark after working in the Condominium Marketing field. Tyler prides herself for her strong organizational abilities and meticulous nature. 

Tyler worked for Leslie Williams at Williams Marketing and was a licensed/certified kick-boxing instructor previously. She admits that she enjoys the Seattle rain and loves reading and spending time with her dog.

Roslyn Experiences Record Snowfall
You’d think the sky has fallen in Roslyn this winter.  And by the looks of this photo…it has!  Jennifer and Fran, hang in there (‘cause you got nowhere to go).  Spring is just around the corner.   Learn more about real estate in the area.


Ewing & Clark becomes Rockwell Institute Satellite School
Ewing & Clark has enrolled with the Rockwell Institute as a Satellite School for online classes.  The Rockwell Institute is the leading real estate school in the Pacific Northwest.  We now have the ability to attract the best salesperson recruits to your office, by offering prospective agents Rockwell’s online prelicense and exam prep courses.


Suncadia Realtor Preview
Merrily Jacobs, Metro’s sales manager and Roslyn’s branch manager, Jennifer Basterrechea, attended the Suncadia Real Estate Event held on February 19th & 20th at the new Suncadia Lodge near Roslyn.  The event included a tour of high-end single family homes, townhomes by Bennett Homes, the new condo/hotel and the gated community of Tumble Creek.  Suncadia is a 6500 acre resort.  That evening the ladies were treated to a relaxing wine tasting held in the Convention Center at the Lodge. If you would like more information about Suncadia’s referral program or about the resort in general, please contact Merrily or Jennifer.

Greetings from Our New Office Manager: Randee Gawley
I am so excited to be the new Office Manager for Ewing & Clark.  It has been fun working with everyone who I knew years ago and all the great new people I have met here recently. I had my real estate license and was a real estate agent about 13 years ago. I know what it is like to be an agent and will use this experience to understand what the agents here need and customer service we must have in this business. After leaving the real estate business I became a Sr. Buyer at a promotional company purchasing blank merchandise and the screen printing and embroidery for these items for companies such as Boeing and Microsoft.  Following that I worked in the mortgage loan industry.

How To Contact Us
Western Avenue Office
Residential, Commercial & Property Management
2110 Western Ave.
Seattle, WA  98121
(206) 441-7900

Madison Park Office
Our Distinctive Homeshop
4108 E. Madison
Seattle, WA  98112
(206) 322-2840

Roslyn Office
Residential Sales, Leasing & Property Management
104 E. Pennsylvania Ave.
Roslyn, WA  98941
(509) 649-2551

News & Event

The Facts Regarding Washington’s Real Estate Market
 
Our Key Message
The Washington real estate market is a stable and an excellent investment that you get to live in!
 
Facts About Foreclosures
The foreclosure rates today are the same as they were 10 years ago.
Fewer than one percent of mortgages end in default in Washington state.
 
As of mid-June, sub-prime, adjustable-rate loans represented 20 percent of loans
nationally, but just 6 percent of home loans in Washington.
 
The Market is Strong
Home appreciation in Washington continues to out-perform the rest of the nation with
year-to-year price increases every quarter since the spring of 1995.
 
The Market is Stable
Home prices in Washington have increased an average of 8.1 percent since the same
time last year. Many counties, however, have experienced price hikes much higher:
Chelan 29.8 percent, Okanogan 24.5 percent; Douglas, 22.2 percent; and Lewis 19.3.

 

WSU Center for Real Estate Research (CRER)
 
The demand for median-priced homes has never been greater.
 
Why Washington Is Different
The home market isn’t keeping pace with the growth of the state’s population, which is continuing to increase at 1.8 percent per year.  The state’s population will increase by nearly one million over the present decade and reach 6.8 million by 2010.  About two thirds of the growth is due to in-migration; the rest is a result of the growth of families now living in Washington.
 
Washington State Office of Financial Management
 
What About Inventory?
The key to stability in the residential real estate market is balance, where balance is
about a six month supply (or inventory) of homes available on the market at any given time.