Wednesday, December 17, 2014

Renting is Half as Affordable as Buying in the U.S.


eastlakecd*Synced from Seattle Luxury Rental Blog
If you’re a renter, think about the amount you write on that check every month. Is it inching toward 30 percent of your monthly income? According to a new report by Zillow, gone are the days when mortgage rates made home ownership prohibitively expensive and renting was the affordable option. They report that the average renter in the U.S. is spending 30 percent of their monthly earnings on housing, and Seattle renters spend a little more than 30 percent, according to the Puget Sound Business Journal. Owning a home can cut that percentage in half, as homeowners pay only about 15 percent of their monthly income on their mortgage. Historically, renters have paid about 25 percent of their income toward rent.
Rents in Seattle are up a staggering 21.5 percent over the past five years, and with incomes only having grown 10.4 percent over that same span, renters are increasingly burdened with monthly housing costs. With mortgage interest rates hovering around 4 percent, first-time buyers in the U.S. are only spending an average of 17.5 percent on housing, even with many only paying a 5 percent down payment. Zillow says that even if interest rates rose to 7 percent, buying a home would be more affordable than it has been historically.
So, if you are looking to save on monthly housing costs, start saving those pennies for a down payment! If you are interested in real estate in the Seattle area, contact your local agent today.

Wednesday, December 10, 2014

Madison Park Rental Home: $2,450/Month


This gorgeous end unit next to Madison Park Beach and the Park is now available for rent! This home sits above the lake itself, with lots of windows and a spacious deck. Features include beautiful views of Lake Washington, mountains, and Madison Park. The home has two bedrooms, and one and a half baths. It is in close proximity to restaurants and shops, and a bus line to Downtown. Amenities include washer and dryer in the unit, and one car parking in secure garage. For more information on Seattle rentals, contact your local real estate agent today.

Status: For Rent
Bed/Bath: 2//1
Price: $2,450

Wednesday, December 3, 2014

Looking For A Roomate? MatchPad App Can Help


rent*Synced from Seattle Luxury Rental
The dating world has OkCupid, Match.com, and a host of other websites that claim to connect you with your soul mate. New service MatchPad has applied those same principles to connecting potential roommates, using criteria such as desired budget and location, as well as matching up compatible personality traits. According to an article on mynorthwest.com, the service launched in September as a website, and the app for both iOS and Android users will be available in January. Renters in Seattle won’t be able to take advantage of the service just yet, as it currently only operates in New York City, but once it does reach the Northwest it could help take some of the guesswork out of finding that elusive perfect roommate.

Wednesday, November 26, 2014

Madison Park Rental Home: $4,500/Month

mp rental
*Synced from Seattle Luxury Rental Blog
This three bed three bath Madison Park home is a perfect location, is now available for rent! Three bedrooms are located on the 2nd floor & 2 baths. The Office features views on the 3rd floor, and master bedroom has 3/4 bath and a fireplace. On the main floor, you’ll find an updated kitchen, family room, dining room, living room, & powder room. The yard space is truly amazing! There’s a large deck off the kitchen and family room, and two side patios on the South side of the home. The laundry room is located in the basement, and there is a two car garage parking off the alley. *Looking for a short term lease – 3 months* All rooms are furnished except one bedroom. For more information on this, or other Seattle rentals, contact your local real estate agent today.
Status: For Rent
Bed//Bath: 3//3
Price: $4,500/Month

Wednesday, November 19, 2014

Attn Renter or Rental Owners: Now is the Time for Winter Maintenance


Madrona rental*Synced from Seattle Luxury Rentals Blog
Even if you live in a rental, the cold, wet weather of winter should prompt you to do some preventative maintenance on your home, both to limit your liability for any potential damage from the elements and to keep your home as comfortable as possible during the winter. Talk with your landlord, both to make sure they are performing their share of required maintenance, and also to find out what tasks are your responsibility.
The Rental Housing Association of Washington has several tips regarding what you can do as a renter to minimize damage to your unit this winter. If your lease requires you to perform yard maintenance, make sure you’re keeping the area around your foundation clear so excess moisture doesn’t build up and seep into the home (check with your landlord before you do anything beyond basic yard cleanup). Bag up fallen leaves and trim shrubs around the perimeter of your house. But don’t pull out that ladder just yet, as it should be the owner or landlord’s responsibility to make sure roofs are sound and gutters are draining correctly.
It is often the tenant’s responsibility to make sure smoke and carbon monoxide detectors are working, and during the season when more people are using their heat and having fires, it’s important to make sure these are operating correctly. Check your lease to determine if this is something you need to keep an eye on.
Especially in damp climates like ours in the Northwest, it’s important to pay attention to moisture levels inside your home, as well as outside. In the winter, when you’re more likely to have all your windows and doors closed, keep indoor air dry and circulating with fans, or occasionally crack a window to let some fresh air in. If you haven’t turned your heaters on yet, make sure they’re free of dust and move any belongings away from vents to minimize fire risk.
These tips should help ensure that you have a warm and uneventful winter in your rental! If you are interested in finding a rental property in Seattle, contact your local real estate agent today.

Wednesday, November 5, 2014

Eastlake Rowhome Rental: $3,250/Month

eastlakecd
This  3 bed 2.5 bath London-style rowhouse in the desirable Eastlake neighborhood is now available for rent. Many upgrades include slate entry, hardwood floors and slab granite counters and chef quality appliances. Features such as a beautiful kitchen with breakfast bar, separate dining room, sunken living room with fireplace and 10ft ceilings offer attractive living. Luxurious top floor master suite has five-piece bath, large walk-in closet and view deck. Light & bright end unit with beautifully landscaped front yard. Minutes to Downtown and walking distance to Amazon & South Lake Union. If you’re interested in this, or other Seattle rentals, contact your local real estate agent today!
eastlakecc
Status: For Rent
Bed/Bath: 3//2.5
Price: $3,250

Wednesday, October 29, 2014

Seattle Condo Prices Still Below Market Peak

pioneer square*Synced from Seattle and Real Estate Blog
Seattle condo prices are taking their time to bounce back from the housing bubble in comparison to single family home prices. With condo prices down, the market has presented a unique opportunity for renters who haven’t been able to save for a down-payment to purchase a single family home. In some of the suburbs around Seattle, condo listing prices are still well below recovery prices, and low prices paired with low interest rates means more and more renters have the opportunity to be new homeowners.
According to the Seattle Times, out of the 30 suburbs throughout King County listed by the NWMLS, all but 3 (Bellevue, Kirkland, and downtown Seattle) have not seen the median home price surpass the 2007 market peak. In 19 of the 36 markets listed in King and Snohomish County, median home prices are still 20% below the market peak. Seattle has seen the cost in rent and single family homes continuously rise, while condo prices have stayed consistent, or even dropped in some areas. While there are a number of reasons that a condo market can suffer during a market recession, many singles, small families and people looking to downsize are turning to condos for an affordable option towards homeownership. If you’re interested in learning more about the Seattle condo market, contact your local real estate agent today.

Wednesday, October 22, 2014

Queen Anne Luxury Rental: $4,950

Queen Anne rental
*Synced from Seattle Luxury Rentals Blog
This romantic three level 2 bed, 2 bath  “Tower” Apartment was built in 2011 with views of Elliott Bay, the Puget Sound and the Olympic Mountains. This rental comes with a spacious 1 car garage (with the possibly of additional parking available). Features include travertine baths, stunning views, and a beautiful gourmet kitchen. The 500 sf deck is partially covered with views and a fireplace. Extraordinary landscaping includes waterfalls, terraces & boulders. If you’re interested in this or other Seattle rentals, contact your local real estate agent today.
Status: For Rent
Bed/Bath: 2//2
Price: $4,950

Thursday, October 16, 2014

Make Your Rental’s Bedroom Feel Like A Retreat


GetMedia (1)*Synced from the Seattle Luxury Rentals Blog
With customization options at a minimum, apartments often never quite feel like home for many renters. Living with your landlord’s choices for wall colors, flooring materials and finishes can leave renters feeling dissatisfied with their surroundings. But there are some things you can do to make one of the most important rooms in the apartment – the bedroom – feel less like a hotel and more like your own restful and relaxing retreat. Using some inspiration from the designers at Zillow, here are some ideas:
To start with, overhead lighting in apartment buildings is usually not the most flattering, but since you most likely can’t change the main fixture in your rental, invest in table lamps or floor lamps to give your bedroom a nice glow.  Stylish lamps can often be found inexpensively at stores such as Target or TJ Maxx.
Giving walls a fresh coat of paint is one of the cheapest and simplest ways to personalize your bedroom, but many landlords are not ready to let you wield a paintbrush of your own. Check in with them first, and if you get the go-ahead, a soft grey or classic white will give you a serene space that is also a blank canvas for the rest of your personal touches.
Once you’ve painted, pick up some new bedding in your favorite color palette to add some interest to the room. Along with a nice set of sheets (Target also carries inexpensive sets that feel much more luxurious), you have an opportunity to make a statement with your duvet cover and unique throws and pillows.
Can’t paint your walls? Paint your furniture! Take an old, tired dresser, give it a good sanding and dress it up with whatever color paint you’d like. Paint the whole thing, just the legs, just the top, it’s up to you! Heavy, dark furniture tends to weigh a room down, especially if there is little natural light, so adding some color in the form of furniture can be a major upgrade and is budget friendly.
Now you’ve got some ideas, so get decorating!
If you are interested in renting in the Seattle area, contact your local real estate agent today!

Wednesday, October 8, 2014

Kennydale Rental Home: $3,995/Month


Kennydale
*Synced from Seattle Luxury Rentals
This extraordinary neighborhood home, featuring stunning views of Lake Washington is now available for rent! This home has a great open floor plan, rich hardwood floors,and walls of windows, creating a bright atmosphere throughout. This home features granite counter tops stainless steel appliances, two master bedrooms, a beautiful backyard and is truly an entertainer’s dream. Home is close to parks, beaches, boat launches, shopping, restaurants and I-405. For more information on this or other Seattle rentals, contact your local real estate agent today!
Status: For Rent
Beds/Baths: 4//3
Price: $3,995/Month

Wednesday, October 1, 2014

Deadline Is Here For Registering Rental Properties With 10+ Units

Schack1_big*Synced from Seattle Luxury Rentals Blog
Last October the City of Seattle passed the Rental Regulation & Inspection Ordinance that aims to establish a standard for cleanliness and healthy living conditions for all rental properties in the city, and the deadline for the first phase – registering properties with 10 or more units in preparation for inspections – is tomorrow, September 30. Inspections are expected to begin early next year, and inspectors will be looking to make sure that all carbon-monoxide and smoke detectors, locks, windows, hot and cold water, and a heat source are working; making sure there are no infestation issues; and that walls, roofs, and ceilings are in good condition.
The ordinance was put in place after a 2009 survey revealed that an estimated 10 percent of the 148,000 rental units in Seattle had “moderate to severe” physical problems. Over the next two years, most rental properties in Seattle will be required to register and subsequently be inspected, with the exception of owner-occupied properties where an individual room is being rented out, and “accessory dwelling units” that are occupied by an immediate family member of an owner. Units that already have inspection reports on file will not need to be re-inspected.
The city is hoping the ordinance will encourage owners to keep rental units up to the same minimum standard and deal with maintenance issues without having to rely on tenant complaints. Units will be inspected at least once every 10 years, and eventually prospective renters will be able view an online database of all registered properties that have passed inspection. Read more about the program here.
If you are interested in renting in the Seattle area, contact your local real estate agent today.

Wednesday, September 24, 2014

Seattle One Of Top 10 Most Expensive Cities For Renters


housing-market*Synced from Seattle Luxury Rentals Blog
If you’re a renter in Seattle you don’t need telling that it costs a pretty penny to live here, but we now have census data that confirms our rents are up there with the most expensive in the country. The Seattle Times is reporting that Seattle finally cracked the top ten on the list of cities boasting the highest median rent, with a cost of $1,172 per month.
Between 2010 and 2013 rents here also saw the steepest increase of the top 50 most populous cities in the U.S., having risen by $113 per month (including utilities), or 11 percent. $1,172 is the median cost of what renters are currently paying in Seattle, so it does not reflect many newer apartment buildings that are listing un-rented units for much higher prices. Surprisingly, the number of renters in Seattle has kept pace with rising rents – in 2013 there were 307,000 renters here, a 13 percent increase from 2010.
Click here to see a chart of the top 10 most expensive cities for renters. If you would like more information on renting in the Seattle area, contact your local real estate agent today.

Wednesday, September 17, 2014

New SHA Program Would Raise Rents For Many In Subsidized Housing

housesAn article published yesterday by The Seattle Times outlines a proposed new program from the Seattle Housing Authority that would introduce progressive rent increases for about 35 percent of households that are part of the subsidized housing system. The program, titled “Stepping Forward”, aims to cycle more people out of subsidized housing by putting residents on the path to a higher wage through job counseling, and would raise rents accordingly over a span of six to eight years.
Stepping Forward would apply to 4,600 “work-able” households, which is defined by SHA as one where at least one person between the ages of 24 and 61 has no disabilities that prevent them from working. Currently, residents in subsidized housing pay 30 percent of their income for rent, but under the new plan rent would be based on home size rather than income. For example, potential rent for a one-bedroom apartment would be $140 per month for the first year of the program, $310 per month for years two and three, $480 per month for years four and five, and $720 per month for years six and seven. Different rent amounts would apply to studios, two bedrooms, etc. For households with no work-able adults, rent would continue to be a percentage of income.
Five community meetings being held in September will give the public a chance to comment on the proposal. All meetings are at 6:00 p.m. on the following dates:

- Wednesday, September 17 at the Yesler Community Center
- Monday, September 22 at the Rainier Community Center
- Tuesday, September 23 at the NewHolly Gathering Hall
- Monday, September 29 at the High Point Community Center
For more information on rentals or real estate in Seattle, contact your local real estate agent today.

Wednesday, September 10, 2014

Renton Rental Home: $3,995


Extraordinary Kennydale home with stunning views of Lake Washington. Great open floor plan with rich hardwood floors and walls of windows creating lots of bright light throughout. This updated home has everything, including granite counter-tops and stainless steel appliances and is an entertainers dream. TWO MASTER SUITES. No expense was spared when it comes to the tranquil and private backyard, it’s truly a masterpiece. Close to parks, beaches, boat launches, shopping, restaurants & minutes from 405. For more information on Seattle area rentals, contact your local real estate agent today.


Status: For Rent
Bed//Bath: 4//3
Price: $3,995

Wednesday, September 3, 2014

Walkability Score- What is it and why does it matter?

*Synced from Seattle Luxury Rental
Walkability- it’s a word that some of you may be familiar with already, and one that real estate marketing often uses. But what exactly does it mean?
Used by Walkscore.com, it’s intended definition is to indicate how easily and readily connected a property is to the neighborhood and community around it. For instance, is the nearest grocery store within easy walking distance? Or would it be necessary to drive there?
The higher a property’s Walk Score (or Transit Score or Bike Score) on a scale of 1-100, the more connected the neighborhood is with the property. Take this chart example. But what makes a community walkable?
  • A center: Walkable neighborhoods have a center, whether it’s a main street or a public space.
  • People: Enough people for businesses to flourish and for public transit to run frequently.
  • Mixed income, mixed use: Affordable housing located near businesses.
  • Parks and public space: Plenty of public places to gather and play.
  • Pedestrian design: Buildings are close to the street, parking lots are relegated to the back.
  • Schools and workplaces: Close enough that most residents can walk from their homes.
  • Complete streets: Streets designed for bicyclists, pedestrians, and transit.
Now, why is this score important? It’s generally known that those who walk more, whether it’s just a few steps or hundreds of steps a day are generally healthier than those who don’t. By walking more, not only do you get outside, but you also use your car less, and thereby reduce your carbon footprint. If you were able to find a property in a highly walkable area, you might be able to forgo the car altogether!
And here’s some great news: Seattle is rated as one of the most walkable cities in the U.S.! With a Walk Score of 71, a Transit Score of 57, and a Bike Score of 64, Seattle is the 8th most walkable city, with it’s most walkable neighborhoods being Downtown, the Denny Triangle, and Pioneer Square.
How important is the walkability of the neighborhood to you when looking for a new property?

Wednesday, August 27, 2014

Lower Queen Anne Rental: $2,150

QA sarah hill
Rare opportunity to live in a historic, Tudor-style 4-plex in lower Queen Anne. This unit features old world charm with hardwood flooring, ceramic tiles, and original detailing throughout. This is the only unit on ground floor, and has one sizable bedroom and a large office that can easily be used as a second. Features include spacious living areas, a formal dining room, bright kitchen with a dishwasher, sun room, and full bath. Just minutes to Metropolitan Market, Gates Foundation, Opera House, and restaurants, this is the perfect neighborhood rental! Rent includes one reserved parking space, and there is storage and washer/dryer on-site. If you’d like more information on this or other Seattle rentals, contact your local real estate agent today.
Status: For Rent
Bed//Bath: 2//1
Price: $2,150

Wednesday, August 20, 2014

Laurelhurst Rental Home: $4,995

Jac_004
*Synced from Seattle Luxury Rental Blog
This charming Laurelhust home is warm and inviting and full of character, and available for rent! The property is very private with a beautiful English Garden, and the interior has been carefully remodeled with an artistic eye for detail. Features include handmade Mosaic fireplace, and vaulted ceilings in the dining room and arched Spanish style in the living room. The kitchen is a dream for entertaining with a large gas stove. The home has distinctive hardwoods and custom mill work. Upstairs bedrooms are all light and airy, and each has a balcony. For more information on this, or other Seattle rentals, contact your local real estate agent today!
Status: For Rent
Bed//Bath: 3//3
Price: $4,995

Wednesday, August 13, 2014

Arthur Erickson Designed Rental Home: $7,000

highlands
This beautiful Arthur Erickson designed residence in the Highlands sitting on 8+ acres is now available for rent! A masterpiece of space & light, this home features tall ceilings, and lustrous white polished concrete & glass ceiling lend a fantastic backdrop to luxurious & elegant living. If you love mountain & sound views, swimming & reflection pools, and a sculptural meadow that  enhance rich woodland setting, this home is the perfect city escape for you. If you’re interested in this or other Seattle neighborhood rentals, contact your local real estate agent today.
Status: For Rent
Bed/Bath: 4//4
Price: $7,000

Wednesday, August 6, 2014

Meadowbrook Condo Rental: $2,295

meadowbrook
*Synced from Seattle Luxury Rentals Blog
This immaculate and spacious townhome in a quiet residential neighborhood-not directly on arterial, is now available to rent! Thoughtfully designed & constructed and luxuriously appointed, this residence is a step above your typical townhome. All 3 bedrooms are good sized and have an attached bath. Large, open kitchen with maple cabinetry, stainless appliances and slab granite countertops. Slate entry, gas fireplace & extensive use of ceramic tile. There is also a small fenced patio off lower level suite. One car attached garage. For more information on this or other Seattle rentals, contact your local real estate agent today.
Status: For Rent
Bed//Bath: 3//3
Price: $2,295

Wednesday, July 30, 2014

Summerwind Rental Home: $2,295

Renton highlands home
This gorgeous home in the Summerwind neighborhood in the Highlands area of Renton is now available for rent! This 3 bed/2.25 bath home offers a spacious living & dining room with vaulted ceilings and a wood burning fireplace. The kitchen has an abundance of natural light, stainless steel appliances, new cabinets and opens to a sunken family room. The entertainment-sized patio is surrounded by a lovely landscaped yard with a sprinkler system. This home is near great schools, and within walking distance to numerous shops. If you are interested in this or other Seattle area rentals, contact your local real estate agent today.
Status: For Rent
Bed/Bath: 3/2.5
Price: $2,295

Wednesday, July 23, 2014

Madison Park Rental Home : $6,250

madison park rental home
*Synced from the Seattle Luxury Rental Blog
This nice sunny Madison Park home on a corner lot with a huge level and enclosed lawn area is now available for rent. Incredible, authentic craftsman features updates throughout, four bedrooms plus an office and sitting room. Kitchen, family room, and four and a half bathrooms with heated floors in a wonderful location, right across from McGilvra Elementary school and a short distance to Madison Park shops and restaurants. This is a classic home and fantastic location! If you’re interested in this, or other Seattle area rentals, contact your local real estate agent today.
Status: For Rent
Bed/Bath: 4/4.5
Price: $6,250

Wednesday, July 16, 2014

Things You Can Do To Secure Your Rental Deposit Back

windermereWhen tenants move out of their rentals, there are many things that landlords and tenants tend to disagree on in terms of acceptable  wear on the living space. Some landlords won’t charge tenants for minor scratches on the wall and floors, but if you want to receive most of your damage deposit back, here is a nice checklist of things you can do to ensure the deposit lands in your bank account. Be sure to do a walk through with your landlord upon moving in and out of your rental, and take photos of any damage to the walls, windows, appliances etc to make sure you are not held liable for those damages when you move out.
If you live with a pet or have some noticeable stains to the carpets, be sure to give your carpets a good cleaning prior to the move out inspection, as this is something many tenants are charged for. You also want to make sure you have it in writing for who is responsible for cleaning the carpets when you move out. When you’re doing the move out walk through with your landlord, be sure to take note of any damages they intend to hold you accountable for, and review your move in notes and photos to be certain they weren’t there before you moved in. Any discrepancies should be brought to their attention prior to your move out. If you are interested in finding a new rental home, contact your local real estate agent today.

Wednesday, July 9, 2014

Credit Bureaus Now Considering Rent Payment History In Score Criteria


housing-market*Synced From Seattle Luxury Rental Blog
Your credit score. That elusive number between 300 and 850 that seems to follow you around wherever you go, determining whether you can buy that new car, rent that apartment, and perhaps most distressing for many Americans – whether you can become a homeowner. For many mortgage lenders, the minimum credit score required to approve a home loan is 640, and until now, on-time rent payments have not been a factor in determining your score. For many long-time renters who have accumulated a perfect track record of on-time payments, that omission has been a lost opportunity to give their credit a boost.
But now, Experian and TransUnion, two of the major national credit scoring bureaus, have begun using rental payment data in their credit-scoring criteria in partnership with a website called RentTrack. The site aims to help renters build credit by allowing them to pay their rent online, and by allowing landlords to report their tenants’ payment records to the bureaus. According to this report, almost 20 percent of renters saw their credit scores increase by 10 points after just a month of their landlord reporting payments. While it costs $1.95 per month for renters to use the site to pay online, they can also use it to track their credit progress, and many landlords will cover the cost.
For someone who hasn’t had much opportunity to build credit, this is a great way to practice good habits by making sure your rent is paid on time while simultaneously raising your credit score and opening the door to a future mortgage and home purchase. For more information on renting in Seattle, contact your local real estate agent today.

Wednesday, July 2, 2014

Average Rent in Seattle Nearing $1,300/Month


98121*Synced From Seattle Luxury Rentals Blog
After rising by 6.8 percent in the first quarter of this year, the average rent for an apartment in the Seattle area is continuing to rise as the year progresses, and the average now stands at $1,284 per month, according to a report in The Seattle Times. Since this statistic includes not just the city of Seattle but the surrounding cities, as well, there is quite a bit of variation in the average price when broken down by city, and even by neighborhood. The average in West Bellevue tops the list at $1,912 per month, while the average in SeaTac is more than $1,000 cheaper at $901 per month. In the city of Seattle alone, the average is $1,445. There is also a significant difference in rental costs depending on when the unit was built. For units built after 2010, the average is $1,754, whereas the average for a building built in the 1970′s is $1,019.
Among Seattle neighborhoods, rents in Ballard have gone up by the highest percentage, having risen 12.3 percent over the quarter to $1,628. For a neighborhood that has historically been home to mostly single-family homes, the apartment-building boom is significantly changing the residential face of the neighborhood, and while rents are high, Ballard also posted the city’s highest vacancy rate of 8.6 percent in the second quarter. There are many units still under construction, and when they are complete apartment inventory will have quadrupled over the past six years. To go along with that, vacancy rates are expected to rise to 18 percent.
If you are interested in renting in the Seattle area, contact your local real estate agent today.

Wednesday, June 25, 2014

New Data Shows Half of Seattle Renters Live Solo

*Synced from Seattle Luxury Rental Blog
According to the most recent census data reported by The Seattle Times, Seattle’s population of renters is living up to the city’s reputation for introverted residents. 51 percent of the city’s rent-paying tenants live alone, which is a surprising statistic considering that the average rent in Seattle is now $1,480, up 21 percent from five years ago. Only Atlanta has a larger percentage of solo renters, and most other cities toward the top of the list (Cincinnati, St. Louis and Pittsburgh) have average rents significantly lower than Seattle’s.

But despite the significant rental costs, it appears Seattleites are willing to pay more in order to not have to share their space. No sinks full of your roommate’s dishes (just your own), no fighting over the parking space, and no sharing any of that precious square footage. Single-occupancy units are clustered more heavily in certain areas of the city, including downtown, where three out of every four units is occupied by a single person, and other densely populated neighborhoods such as Capitol Hill, Eastlake, and Fremont.
Though the rate of solo renters is high comparable to other cities, the percentage has dropped from 56 percent in 2009, so it appears renters may be starting to feel the squeeze of rising rents. For more information about renting in Seattle, contact your local real estate agent today.

Wednesday, June 18, 2014

Eastlake Condo Rental: $3,599

eastlake
This elegant 2 bed, 2.5 bath condo unit in the Tramonti condominium is now available! The unit also includes a den and has views of Lake Union and Downtown Seattle. From its sophisticated aesthetics to its steel and concrete structure, this home offers the finest materials and design. Features include freshly painted interior, an amazing open floor plan with European hardwoods, 9.5 foot ceilings, and a gas fireplace. The kitchen also contains stainless steel appliances and granite counter tops. This condo has over 30 feet of roof top deck with full Western Views! If you’re interested in this, or other Seattle rentals, contact your local real estate agent today.
Status: For Rent
Bed/Bath: 2/2.5
Price: $3,599

Wednesday, June 11, 2014

Seattle Rentals Real Estate Recap: May 2014

shorewood*Synced from the Seattle Luxury Rental Blog
King County rental activity dropped in May from April with 262 leased properties, according to stats from the Northwest Multiple Listing Service.  This number is down from the same time last year with 354 leased properties in King County.  Currently, there are 287 available rentals on the NWMLS, with 56 in neighborhoods within 7 miles of the downtown core.  The current highest asking price is $8500/mo for a 2 brd/2.b bath condo.
For more information about Seattle rentals, please contact me at anytime.

Wednesday, June 4, 2014

New Ordinance Aims To Establish Standards For Rentals


As many renters can attest, conditions in rental units can vary widely among properties, and getting repairs done can sometimes turn into a lengthy process, depending on the responsiveness of your landlord. The City of Seattle’s recently instituted Rental Registration & Inspection Ordinance is aiming to alleviate some of the worst conditions in rental properties in the city, after learning through the 2009 American Housing Survey that 10 percent of rental housing in the Seattle area has “moderate to severe” physical problems.
The ordinance will require all rental property owners to register their properties and hire either a City or private inspector to ensure their property is meeting minimum standards in areas such as smoke/carbon monoxide detectors, making sure broken or leaking windows, walls, and roofs are repaired, and making sure each unit does not have insects or rodents. The city has begun accepting registrations for properties, and registration will continue through 2016. Properties will be inspected at least once every 10 years thereafter.
According to The Seattle Times, owners are not required to register some types of rental properties, including units owned or managed by the government or a housing authority; housing associated with nursing homes and hospitals; transitional housing; housing associated with a religious order; or short term rentals such as vacation rentals and hotel rooms. The city is hoping this program will preserve quality of life in neighborhoods by educating all parties involved in renting units – landlords, renters and inspectors – to ensure everyone is on the same page in terms of what maintenance standards should be met.
For more information about Seattle rentals contact your local real estate agent today.

Wednesday, May 21, 2014

2,400 Micro-Apartments Planned For Seattle

apartment*Synced from Seattle Luxury Rental Blog
Apodments, or micro-apartments have been trending in Seattle’s rental realm over the past year, with 700 units built in the city limits thus far. These mico units have appealed to the carless city dwellers who can fit the majority of their belongings in a 100-185 sf space. According to the Seattle Pi, that is roughly the size of a city parking space.
An estimated 2,400 additional units are in the works for the city of Seattle, in different stages of planning and permitting. The growing popularity of these units has caused a debate over whether these units are opening up opportunities for more affordable housing, or if they’re causing a surplus of tenants to migrate into already crowded neighborhoods. Seattle micro-units generally range from 100-185 sf, cost around $660/month, and usually a private bathroom, but many do not have kitchens or full kitchens. For more information on Seattle rentals, visit your local real estate agent today.

Wednesday, May 14, 2014

Seattle Rentals Real Estate Recap

*Synced from the Seattle Luxury Rental Blog
King County rental activity dipped in April, compared to March with 306 leased properties, according to stats from the Northwest Multiple Listing Service.  However, this number ticked up from the same time last year, which was 295 leased properties in King County.  The market continues to stay strong, with 68 available properties within 6 miles of the downtown core with high price tags-the highest asking rent priced at $12,000 for a 2 br/2 bath penthouse in Belltown.
bellevue home
Rents continue to increase as the Seattle vacancy rates remain at a low 3.6%, according to an article from Seattle Rental Group.  This is up just .07% from the same time last year. For more information about Seattle rentals, contact me at anytime.

Wednesday, May 7, 2014

Belltown Condo Rental: $2,000


ridge belltown
This Belltown condo rental is in a great location,  with beautiful view of Downtown and partial views of Lake Union. Features include high ceilings in living room and bedroom, and large windows that allow plenty of light. The sizable living room has an eating space, and kitchen has granite counter tops, wood floor, stainless steel appliances and beautiful wood cabinets. Bedroom has 2 closets and view of the lake. The building amenities feature 24 hour concierge, security, pool, sauna, fitness center and an entertainment room. Rent includes water/sewer/garbage, parking and storage.If you’d like more information on this unit, or other Seattle rentals, contact your local real estate agent today.
Status: For Rent
Bed//Bath: 1//1
Price: $2,000

Wednesday, April 30, 2014

Trendy Rental Perks 2014

rental home jason*Synced from Seattle Luxury Rentals Blog
If you’re on the prowl for a new rental home, chances are you’re looking for amenities such as new kitchen counter, hardwood flooring and more than one bathrooms, but there are also other perks to living in a shared community that renters today should consider when searching for the perfect rental. From basic perks like an on-site laundry facility and parking to fitness centers in the building, each renter should consider which amenities they’d like to have included with their rental home. Living in an apartment these days doesn’t mean you have to forfeit a yard or BBQ space; private backyards are becoming more commonplace in first level units, and are much larger than your standard unit’s patio. If this is something you’d enjoy (or your furry friend would enjoy!) you’ll typically see a price increase anywhere from $150-$200.
Like many Seattleites, I like to start my morning with piping hot latte – and it just so happens many of the apartment buildings in the area have an on-site cafe located in the lobby for your convenience. Is you morning workout important? Look for a building with an on-site community gym or a lovely pool (pictured right at the Olive 8), or if you like a nice summer BBQ, look for a building with a shared rooftop terrace. If you’re searching for a nice rental for you and your furry friend, pet friend amenities used to be difficult to find, but are becoming more commonplace in neighborhood buildings. Full-service pet spas and doggy-daycare  are located in many buildings for your convenience and your companions pleasure! Whatever your needs may be, it’s important to consider building amenities when searching for your next rental home. For more information on Seattle rentals, contact your local real estate agent today.

Wednesday, April 23, 2014

King County Rental Market Recap: March 2014

*Synced from Seattle Luxury Rentals Blog
bellevue homeThe King County rental market saw an increase in leased properties in March,  with 641 rentals, versus 611 leased properties in the same month last year, according to statistics from the Northwest Multiple Listing Service (NWMLS). While the NWMLS is a good gauge, it is only a portion of the real estate market.  Nonetheless, it shows rentals continue to be in high demand, especially in Metro areas.   Developers are following suit with big apartment buildings popping up in Ballard, Downtown, and South Lake Union and   according to an article from PSBJ, Seattle ranked the 7th best market for rental property investing.
There are 268 current active rentals per the NWMLS in King County, 72 of which are in Seattle neighborhoods within about 6 miles of the downtown core and primarily made up of apartments and condos.  Rents continue to be competitive in the real estate market.

Wednesday, April 16, 2014

Madrona Rental Home: $2,450

Madrona rental
*Synced from Seattle Luxury Rentals. 
This adorable brick home just across from the Madrona Playground is now available for rent! Located just two blocks from St. Therese Madrona Elementary, this home features a large living room with a separate dining room, and a lovely kitchen with spacious cabinet room and room for a small table. There are two large bedrooms on the main floor, and the downstairs has a 3rd bedroom that could also be used as a family room. The garage is perfect for one car and has a ton of storage space, or could be used as a work area. The home also has a sizable backyard that is partially fenced with a small patio perfect for BBQs in the summer months. For more information on this rental or other Seattle rental homes, contact your local real estate agent today.
Status: For Rent
Bed//Bath: 3//1
Price: $2,450

Wednesday, April 9, 2014

Statistics on Seattle's Rental Market

nate rental dt
* Synced from Seattle Luxury Rentals
PubliCola has some interesting statistics on the Seattle rentals market, pulled from the April 1 city council planning committee meeting, where Mike Scott of the rental-market analysis firm Dupre+Scott gave his take on the situation. In summary:
- Supply and demand has affected rent fluctuation more than increased development has. According to Dupre+Scott, low housing supply has led to increased rents, and an excess of available apartments pushes rent down, in line with the classic supply and demand model.
- While average rent in the Seattle market as a whole has gone up in recent years, that is mostly due to the inclusion of newer apartment buildings that rent units at rates from $1,300 to $2,000 per month. Rents at older buildings (built before 2009 with rents between $800 and $1,300 per month) have actually risen at a slower rate than the cost of maintaining them has. The age of the building you choose to live in will often have a dramatic influence on what your rent will be: For apartments built in 1997 or earlier, the average rent is $1,100 per month, whereas rents in buildings newer than that average $1,700 per month.
- Think you’ll get more space for your money with those higher rents? Average square footage has actually decreased from 750 square feet in the mid-90s to 650 square feet today.
- More rental-housing development is happening in the city of Seattle than in the suburbs, and the trend seems to be toward smaller apartments in denser areas where public transportation is readily available and residents can walk to restaurants, coffee shops and grocery stores. In certain Seattle neighborhoods the number of apartments available for rent is growing by huge percentages. In Ballard, for example, the number of rental units available is expected to grow by 250 percent between 2009 and 2018, and downtown could see a 200 percent increase in the same time span.
Interested in renting in Seattle? Contact your local real estate agent for more information!

Thursday, April 3, 2014

Queen Anne Condo Rental: $2,295

Capture
This beautiful Queen Anne condo with stunning downtown skyline and Space Needle views is now up for rent. Located on the East side of Queen Anne Hill just steps from Bhy Kracke park, this condo provides the quiet environment of a residential street while being central to downtown and all Seattle has to offer. Included in the unit’s 1,100 square feet are a lavish master bath, walk-in closet, fireplace, and a wonderful terrace overlooking downtown. As an added bonus, secure parking is included with this unit. For more information on this condo or on other Seattle rentals, contact your local real estate agent today.

Wednesday, March 26, 2014

Downtown Rental Market Update

The rental market has continued its hot trend as we head into the start of spring. Downtown condo’s are renting fast and at a premium rate. With companies continuing to expand in the Downtown area it is becoming more attractive to move back into the city after years of growth in the suburbs. Within the last 30 days Ewing and Clark Inc. has assisted our clients in leasing out their units to quality tenants at competitive prices.


 Recent units that we have leased:
 
2000 Alaska Way #335
1415 2nd Ave #2401
1240 Terry Ave #1702
 
If you are considering leasing your property but need assistance with the process, contact one of our leasing experts who can assist you throughout the process.

Wednesday, March 19, 2014

Queen Anne Condo Rental: $2,800

Photo Courtesy of queenannehighschool.com
Photo Courtesy of queenannehighschool.com
Synced from Seattle Luxury Rentals Blog
This stunning top floor condo with panoramic views of Capitol Hill, downtown, and Puget Sound is now available for rent! This unit in the former Queen Anne High School Building offers an open floor plan with a high-end kitchen, hardwood floors, huge windows, and original slate chalk board from when this unit was a music classroom! Spacious master bedroom, + second bedroom or office, 1 full and 1 half bath, storage unit, and 2 assigned parking spots (one covered and one uncovered). Queen Anne High School is listed on the historical registry, a truly wonderful rental experience. For more information on this or other Seattle rentals, contact your local real estate agent today.
Status: For Sale
Bed/Bath: 2/1.5
Price: $2,800

Thursday, March 13, 2014

Wall Street Investors Tap Into Seattle Rental Market

bellevue rental
Syndicated from Seattle Luxury Rentals Blog.
First-time home buyers often save for years in order to amass enough cash for a down payment on a home, but in the past couple of years, potential buyers have found themselves outbid by Wall Street investors with no shortage of readily available cash. According to The Seattle Times, firms such as The Blackstone Group have formed subsidiaries that buy large numbers of entry-level homes, often for less than $300,000, and renovate them for the rentals market. These firms are often able to pay all cash and close on the property much more quickly than a regular home buyer could.
According to market researcher RealtyTrac, major investors made at least 7 percent of all single-family home purchases in the Seattle area in 2013, buying 3,100 homes throughout the year. Blackstone's Invitation Homes subsidiary alone bought at least 1,585 homes in 2013. Analysts do not see a slowdown in investor-purchased properties, and predict Wall Street could funnel $20 billion a year for the next few years into financing these purchases.
Neighbors who live near these homes are worried about the impact they will have on their neighborhoods as a whole, seeing investor-owned properties being neglected or violating housing laws or homeowner association rules. Some experts say these renovated properties could have an overall positive effect on neighborhood homes values, but that the increasing investor demand for rental properties could hurt regular home buyers by driving up prices.
For more information about Seattle rentals or real estate, contact your local real estate agent today.

Wednesday, March 5, 2014

Buying A Home In Seattle is 34% Cheaper Than Renting

Wash Park Homed
High rent and high home prices in Seattle can often make it feel like the decision between buying and renting isn’t so cut and dry – either way you’re paying a premium for housing. But a new report from Trulia makes a strong case for home ownership, reporting that it is 34% cheaper to own a home than to rent in Seattle at today’s 4.5% mortgage rate. According to the report, mortgage rates would have to hit 9.3% before renting would be cheaper than buying in Seattle.
Nationally, home ownership is 38% cheaper than renting in all of the 100 largest metro areas, but in some extreme markets small changes in mortgage rates could tip the scales in favor of renting. For example, in Honolulu, a mortgage rate of 5% would make renting a better value, and a rate of 5.8% would make renting cheaper than owning in San Francisco.
Try Trulia’s Rent vs. Buy calculator to see how the numbers work out for you. If you’re interested in buying a home in the Seattle area, contact your local real estate agent.

Wednesday, February 26, 2014

Carbon Monoxide Detectors Now Required For All Rentals

carbonmonoxide
Following a trend in recent years of carbon-monoxide-related deaths stemming from the use of grills and propane heaters indoors, carbon monoxide detectors are now required for all rental properties. The rule took effect January 1, 2013. The Washington State Building Code Council requires a detector on each level of the residence and outside each sleeping area.
While the state landlord-tenant laws do not specify tenant responsibilities for maintaining carbon monoxide detectors, most standard leases assign responsibilities in a similar fashion to those governing smoke detectors. Property owners are required to install the detectors, while tenants are responsible for their maintenance, and are subject to a fine of up to $200 for non-compliance.
Some buildings already have dual smoke/carbon monoxide detectors, but the Seattle Fire Department’s Fire Prevention Division recommends testing these at least once a month, especially if they are frequently disabled due to smoke while cooking.
For more information on Seattle rentals, contact your local real estate agent today.

Wednesday, February 19, 2014

Bellevue Rental Home: $2,950

bellevue rental
Apple Valley on the Eastside is the site of this charmingly remodeled home, now available for rent! This home features high ceilings ,hardwood floors, and an abundance of natural light! A den is off the large living room and the dining room opens to the gourmet kitchen. This home was recently remodeled by an architect with much care for comfortable living. The master suite has ample closet space and a beautiful bath. The other bedrooms are nice in size and all on the same floor. The back yard is completely fenced, and there is a 1 car garage attached. For more information on this or other Seattle rentals, contact your local real estate agent today.
Status: For Rent
Bed//Bath: 4//2
Price: $2,950

Wednesday, February 12, 2014

Capitol Hill Craftsman For Rent: $3,950


cap hill rental
This lovely Craftsman on north Capitol Hill street is now available for rent! This two story home with a basemen, has been remodeled in keeping with the charm of the turn of the century. The kitchen is a state of the art , with an island for sitting and talking with the cook, gas stove , and the kitchen overlooks the back yard that features a wonderful Play set outside. Hardwood floors throughout the first and second floor, and lower level has a family room and an additional bedroom. If you’re interested in this or other Seattle rentals contact your local real estate agent today.
Status: For Rent
Bed/Bath: 4//2
Price: $3,950







Wednesday, January 22, 2014

Madison Park Condo Rental: $2,400

MPark Rental
This gorgeous 2 bedroom end unit near Madison Park Beach and Park is now available for rent. This condo sits right above the lake, and features many large windows and a spacious deck. Features include views of Lake Washington, mountains, and the Park, with two bedrooms and one and a half baths. The unit is in close proximity to restaurants, shops, and a bus line to downtown, and has a washer and dryer in the unit. There is also one parking stall in a secured garage. For more information on this unit or other Seattle Rentals, contact your local real estate agent today.
Status: For Rent
Bed/Bath: 2/1.5
Price: $2,400

Wednesday, January 15, 2014

Belltown Condo Rental: $3,300

Bellora rental
This beautifully appointed 2 bedroom condominium in the desirable Belltown neighborhood is available for rent. This large 2 bed 2 bath unit in the Bellora Condominium features hardwood flooring, a beautiful open kitchen and an open living area perfect for entertaining. The unit has a ton of huge windows, giving an abundance of natural light, and there is a sizable fireplace that can be seen from both the living room, and the master bedroom. The master has a luxurious 5 piece bath, and there is also a den, and one secured parking space. If you’re interested in this listing or other Seattle rentals, contact your local real estate agent today.

Status: For Rent
Bed/Bath: 2//2
Price: $3,300

Wednesday, January 8, 2014

Market for Seattle Area Apartment Rentals Softening in 2014

apartmentsThe average rent for an apartment in the Seattle area rose to $1,214 a month in 2013. A new report suggests that rental prices will at least stabilize if not decline in 2014. Rental prices have dipped $5 and the number of vacancies is up which is a sign of the market softening. The Seattle metro area is experiencing its largest apartment building boom in the past 20 years. All of the upcoming vacant units will cause competition for tenants and slow the rent hike. Bellevue has the area’s most expensive rates for a one-bedroom apartment at $1,434 a month. Belltown, Denny Triangle and South Lake Union are the most expensive sub-markets with rates averaging $1,624 a month for a one-bedroom. The most expensive neighborhoods are Fremont/Wallingford ($1,514), Capitol Hill ($1,449) and First Hill ($1,421). Lower rents were found in North Seattle ($957). If you're searching for s Seattle Rental, contact your local real estate agent today.