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Rodney Johnston
REALTOR®
    Years of Experience: 15

    MBA
    CMA

Direct: (206) 979-2660

Office: (206) 979-2660



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Keller-Williams Realty
505 106th Ave NE #210
Bellevue, WA 98004
(206) 979-2660


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Relocation

Kirkland Real Estate – Time to Buy is NOW!

Tuesday, February 2nd, 2010

I often get asked if I believe the market is going to continue to go down, or when is a good time to buy? In my opinion, we are nearing the bottom. Especially, in the markets that seem to always be fairly stable. Kirkland, Bellevue, Redmond and other east side spots have not had as extreme downward trend as the rest of the county, or state.

Kirkland real estate prices are down only about 3.5% from median price in 2009 to median price in 2008. The county is down approximately 10% or more depending on which statistic you quote. Prices were down from 2007 to 2008 both in Kirkland the rest of the county by a much higher rate. One skewing factor is an increase in short-sales and foreclosures. This tends to bring Kirkland real estate sales and prices down.

Also, the number of Kirkland houses for sale has trended downward. This statistic can tell you that the foreclosure mess is getting cleaned up and those who wanted to sell their Kirkland house have done so.

So, why do I think now is the time to buy a house in Kirkland, Bellevue, or Redmond? Here’s why:

- House values in Kirkland, Bellevue, Redmond are down less from 2008 to 2009 than from 2007 to 2008.
- A good chunk of the foreclosure homes and ARM’s have been cleaned up. (there are still more)
- Interest rates remain relatively low fluctuating around 5.25% to 5.75%
- Federal Tax credit available to ALL home buyers ($8,000 to 1st time home buyers who haven’t owned a home in more than 3 years, $6,000 for home buyers looking for a new residence)
- Great values abound. Sure, the median home prices in Kirkland and surrounding areas is down 3.5%. However, there still are a number of short-sales and distressed properties that you can pick up at a 10% to 20% discount or more. (Call me and I can point you in the right direction.

In a nutshell, if you’ve been waiting on the sidelines trying to time the market to catch the bottom, strap on your helmet and get in the game. There are great values, the interest rates are awesome and you can pick up $6,500 to $8,000 tax credit to boot.

Relocating to Washington? Try Kirkland to Meet All Your Needs

Friday, July 24th, 2009

Are you relocating to Washington State as a result of a new job offer, job change or life change? Perhaps it’s at one of the large companies on the eastside of Lake Washington like Microsoft, or perhaps Google, AT&T Wireless, or any of the other high-tech companies in the Redmond/Kirkland/Bellevue corridor. If so, you may want to check out Kirkland to meet all of your relocation requirements.

I’m sure you’re the organized type and have put together a checklist of all of the things you need to look for in a house and community. For a bit of advice, the list should include:

- Proximity to your new employer (Kirkland is minutes to the major employers on the eastside of Lake Washington)
- Proximity to your place of worship if that’s important to you
- Quality of Schools (Kirkland Schools are ranked in the top for the entire state)
- Closeness to Shopping – both for food and clothing
- Diversity of the population. You want a diverse ethnic and income range for your area
- Are there parks, theater groups, and other activities in that area.

These are just a few of the “must-have” items for your list. Frankly, Kirkland meets or exceeds all of these criteria. Kirkland has a new Performing Arts Center and has a play, or concert three or four nights per week and sometimes more. One of the things I like about Kirkland is that it still has a small town feel, yet it’s only 15 minutes to downtown Seattle. There are a lot of “quaint” shops in the downtown area that are not chain shops. They also have a lot of Art Galleries on top of the theater arts. Restaurants in Kirkland are also excellent. I highly recommend Restaurante Paradiso. It’s a great hole in the wall Italian Restaurant. The chef is actually from Sicily.

One other big advantage to Kirkland is that it sits on the shores of Lake Washington. There are beautiful spots on the water including several parks and restaurants. Many residents have boats so they can simply put their boat in the water on the weekend and go out for a ride. Kirkland is also a healthy town. There are always residents walking along the sidewalk, or the trails of Lake Washington.

So, if you’re relocating to Washington State and are looking for a city with a small town feel, great attention to the arts and close to downtown Seattle, I highly recommend you check out Kirkland when you get the chance.

Relocating to a New Housing Market

Saturday, July 4th, 2009

Living and working in Kirkland near major employer’s such as Redmond’s Microsoft campus, Expedia in Bellevue, Boeing, AT&T Wireless and others, I run across a lot of client’s relocating from other parts of the country, or relocating from other countries. Since these major employers are constantly recruiting top talent, it’s a wonder there are so many new faces relocating to places such as Kirkland, Redmond, Bellevue and Seattle.

Many of these new recruits face a few challenges when moving to the Northwest. Amongst those are learning how to pronounce Sequim, drink coffee nearly intravenously, and getting excited over the latest X-Box game (for the Microsofties). On a financial front, sticker shock is another challenge that hits them when they look at their first house listing. I’ve seen many a jaw drop and eyes pop as we look at houses in Kirkland under $300,000 (both of them). They’re about 800 sq. ft and they need $100,000 of work.

But, after they put their eyes back in their head, we can actually look at some great areas in what is known as the eastside of Seattle (Bellevue, Kirkland, Redmond), East of Lake Washington to relocate to. With the housing market beginning to level off, there are good values to be found. Especially in the price range below $450,000. Granted, this will still seem high compared to housing prices in Arizona and Florida, but is a great value in Kirkland/Redmond. Knowing the area and where the deals are will allow you to reduce the sticker shock. Locations such as Juanita or Rose Hill in Kirkland, Education Hill or Novelty Hill in Redmond, and Lake Hills in Bellevue are all fabulous areas that provide houses with great values.

Granted, you need to have a realtor who knows the eastside very well always help. Look for someone familiar with not only Kirland, but the rest of the Eastside as well. Having someone with experience and knowledge of the area will help you get the best bang for your buck and avoid the stress of relocating to a new housing market.

Relocation in Today’s Housing Market

Sunday, June 21st, 2009

With the economy in flux, including the housing market and the job market, it may be difficult to decide to buy or rent if you have to relocate. The housing market has been on a downward trend and the mortgage rates are up and down like a yo-yo. There are a number of things to consider when making your relocation and considering your housing needs.

First, locate a good real estate agent in the market you are relocating to. If, for example, you just landed a job at Microsoft in Redmond, you’ll want to find a real estate agent who knows the Redmond/Kirkland market and surrounding areas. Knowing the micro-markets is important as the Redmond/Kirkland market is different than the market in Seatle. The local real estate agent should be able to tell you what is the market outlook, where are the good neighborhoods, what are the local schools like and how’s the rental market.

Second, you will want to sit down and do a little financial analysis. If you can find a cheap, nice rental house in Kirkland while the market and mortgage rates stabilize, would you be better off? Or, does the real estate agent think the market has hit its’ floor and could you possibly get an awesome deal on a house, or even a luxury house at a rambler price. Would your mortage and subsequent deductions put you better off with future equity than if you just decide to rent. (side note, if you need help with this let me know, with my background in finance and accounting, I can help you figure this out.)

Finally, what can you afford. If you are selling your home in your current location, will it sell quickly? If so, you may be able to do a contingent offer on a house in your new market. If not, you may need to rent in your new market while your house in your previous location is sold. Or, maybe you can sell quickly and upgrade to a luxury home in your new market.

With the housing market and mortgage rates going crazy, relocation brings on a whole new set of challenges. By following some of the safe steps above and doing your own due diligence, you can set yourself and your family up for the best possible scenario.

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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