What we have seen is that more properties are preparing to come onto the market. Essentially people are spending more so they can sell for less. Your property needs to be in top condition for buyers, qualified buyers, to look at it seriously. You also need a qualified Real Estate agent to move you through the process.

I have been surprised by some of the agents who are doing well in today’s market place. Actually it is more surprising that some of the agents that I truly respect and admire are kind of floundering. Experience really is going a long way in getting a property sold today. Experienced agents are bringing more to the table.

If you are a buyer you have some very difficult choices to make. The easiest choice is to wait. We’ll see if the government will interfere in the Real Estate market place again, but I sincerely doubt they will. In my opinion it will be next November before we see stability in the Real Estate market place.

Goldman Sachs published an opinion about Real Estate pricing last month that was hotly debated. It projected another 22% decline in Real Estate prices in Seattle. The first leg down will be before the end of the year. We should see that by November.

We already have seen the drops in condo pricing. It seems a $100K drop is the most common in the $300K to $650K prices. For me the $500 a square foot is kind of hard to imagine, but it is what it is. Down Town condos, for me seem like an excellent position to be in, at the right price.

My point about condos is that residential Real Estate won’t be far behind. This year we will see prices dropping more steadily as the sales data becomes more in line with value. The real trick will be to qualify for a loan, but that will be a post for another time. The theme today is the waiting.

The first consideration is usually schools. I know for my family we have moved to be closer to a high school I always thought was great. There can be a long discussion about schools, but I want to get to a point where you also consider the friends your child will make.

This is where Real Estate agents have a discussion about location. The amenities to a neighborhood are great. That’s one of the things I write about here. The schools kind of go hand in hand with what a neighborhood can offer. In Seattle there are a few neighborhoods in proximity to the University of Washington that are highly prized. Bryant, Mount Lake, View Ridge, and Laurelhurst are close to the University and are up scale. Surrounding Saint Joseph’s church on Capitol Hill is prized.

Going down into Madison, and Washington Park, you’ll find families that are generational. Everybody knows everybody, and the grand parents also. Queen Anne Hill, and Magnolia could also be the same kind of long term family owned property areas, but they are more transitional. In my opinion they are further removed from the University of Washington goal for the kids to attend, and make relationships for. Literally, in Seattle, you will find people who grew up, went to school, went to the University of Washington, and found jobs all within a 10 mile radius. I’m sure it’s the same in any city in the world.

This little Industrial area was besieged by the Fred Meyer store that was allowed to be developed. It’s right off of Leary Way, in the same area as Mike’s Chili. If you wanted a day trip some place, and you can over look the new development, there are some interesting places that I’m sure will be displaced soon enough.

On Sundays, after church, people would walk around the top of Queen Anne, see the neighbors and take in the views of the city. To own a home along the Promenade was a coveted location. You can see some of the finest homes, with great attention to detail along with some more modest craftsman homes.

The most popular part of the Promenade is down 8th Avenue West to Highland Drive. This takes in the views of the City and the Grand Wall with lighted fish bowls on the South West side of the Hill. The walk is much longer and goes around the top of Queen Ann Hill. It is mostly flat with a few inclines and declines.

To follow the path completely you would continue East across Queen Ann Avenue, the counter balance and deviate a little to the right from 1st Avenue North to Prospect which will continue East before it gently turns into Bigelow. This is the longest part of the walk that is uninterrupted by turns. It goes North and South along the East side of the Hill.

The North side of the walk is the most confusing. From Bigelow you go left to West Wheeler which winds a bit up to Nob Hill West and you walk across the bridge. Now McGraw is a reoccurring street name and you will be following McGraw Pl to Smith Street and cross Queen Ann Avenue. Here another McGraw Place curves into McGraw Avenue to cross 3rd Avenue. The street gently curving to the right is again McGraw Place.

This next section is taking you past the cemetery which was a customary part of paying respects on a Sunday. So you are headed down 5th Ave to West Raye, right on 8th which takes you to West Fulton and finally a left to 10th Avenue West.

It gets a little complicated here because you are going to loop back into West Wheeler, over to 8th Avenue West and back up to McGraw Avenue, take a left and immediate right onto 7th Avenue West. This is where there is a little shopping area with Macrina Bakery and Rhinestone Rosie’s a block over, but you are headed down 7th.

As you head South on 7th Avenue West you will see the tree lined street give way on the right to the light poles with fish bowls on top. At the end of that wall you see West Blaine turning to the right and then a left on 8th Avenue West completes the loop down to West Highland Drive. 

Of course now, with cars, you still see people walking, but not the fancy clothes of an afternoon stroll. Baby strollers and sweats are more normal. Still if you have the time, or you want some place other than Green Lake, you could spend a few hours in the afternoon walking around the Promenade that encircles the top of Queen Ann Hill.

There was a time when you got a hair cut, or a shoe shine on your lunch break. Now people make a special trip some place, to a salon, for a hair style. I know we don’t call it that any more, but really that’s what we are doing. I’ve been to all of them. The high end, put on a robe spas, to the Gene Jaurez, which is where I met Odette. She was taking training at the Gene Juarez at North Gate Shopping Mall, it’s near my house.

It was a trial and error, but we had so much fun. When she told me she was going to her brother’s Salon down town it took me a while to drag myself down there. It was one of the best things ever.

Samir is a classic hair stylist that your mother would love. Every body loves Samir. He for sure could have had a larger career in a bigger salon setting. instead you walk into an unassuming, meticulously kept, salon with three chairs. It’s a warm feeling that is friendly and professional. People wander in and out, kind of like they are hoping for an opening. It’s a hotel so some people are guests, some employees, and some people who work in the neighborhood. They are kitty korner from the library.

It’s a family place, that is reasonably priced, and the work is excellent. It’s an experience well worth remembering.

In Europe the morning routine is to pick up the bread. Come to think of it this is probably true about the entire world except for the United States. With all the mass production almost anything can pass for bread here, or a bakery, when it’s compared to Safeway. There are places in the Pike Place Market that have daily bread. There are also bakeries. The Macrina is a little bit more diverse.

There is a wide variety of breads, tarts, and pastries, with good definition of flavors. The bread’s also light, the way it should be. It’s an open kitchen concept that relies on the ability to deliver a great product. There’s pride.

This is one of those places that defines a neighborhood. It’s one of the first places I thought of when I started writing about down town Seattle.

The landscape may be changing with some store closings, but there is a vitality that is still fun to be involved with. This is only a general recommendation to visit down town, and in a later post I’ll mention some businesses of interest. For right now, what I recommend is that you reacquaint yourself with our down town core.

If you have the time, you should take the bus. Bus service is free once you get down town and you should use that. The bus tunnel takes you to most places you want to go. I like to stop at Westlake Center and walk through the Plaza, and up Fifth Avenue. You can spend the day at Pacific Place. All the shops are there in the surrounding area, just like a mall, only better.

Go down to Pioneer Square and cross over to the International District. You’ll find it’s changed with many more places to visit, shop, eat, and enjoy. The trolley can take you back down along the Water Front. You can take the elevator back up to the Pike Place Market and complete your adventure at the Art Museum. There is so much to see and do, it could become a habit.

With the teen age kids, I’m a little tired of the malls. I also like the fact that there is more variety, with the slightest hint of sophistication, to the places we shop, down town.

The most notable provider of Real Estate information, online, to the public, is redfin. They are a Seattle based company. Zillow is another Seattle based company that records sales data. Between the two a person can get a good glimpse of the market place. Many people first shop online for a home to purchase. The last per cent age quoted was 87% of people in the market for a home start the search on the internet.

The search for homes on the internet is so available that virtually every Real Estate site you look at has a search function. The new thing is the forums that go along with the properties you search for. In those forums, or blogs, you can find even more information about schools, communities, crime rates, even critiques of homes you may have seen.

I’ve already listed a couple of Real Estate blogs that I follow and on those sites you can find a number of links to other blogs. On this site I have a few links about Seattle. You can, in an afternoon, find a house, and all of the local information. It’s amazing what’s available on line.

Discover Hope Fund is a micro lender to woman owned small businesses in Cajamarca Peru. We were aware of the organization long before we ever had any correspondence with them. It was a coincidence that a client of ours had a fund raising event for the Discover Hope Fund. My wife saw an advertisement for the event at the clients home. We were thrilled to make a contribution, and to learn the actual name of the organization.

Casa Latina Day Worker center has been very near to my heart for over ten years. We have a company that prepares properties for sale at A Spring Cleaning. We began hiring day labor in 1999. Up until 1994 we had two contractors that we referred work to. The day worker concept began working better for us as the demand for our services grew. Casa Latina has grown with us by providing training in English and also business classes so day workers can become more self reliant.

Small business has proved to be the back bone of any economy. We can now see that our economies are global in scale. For us all economies need to grow together. Our focus is here in the Western Hemisphere. We’ve chosen Discover Hope Fund in Peru for our international global support, and Casa Latina Day Worker Center so we can act locally.

We have had a web site at www.PeruHope.com for many years. We are dedicating that site to these two causes this year. Hopefully you will find them as worthy of your support as we have.

My first encounter with the Seattle Bubble was at another web log that was moderated by a local Real Estate agent here in Seattle, Marlow Harris. The web log is the Seattle Post Intelligencer which was, at that time, one of two daily news papers. The blog is Real Estate related and was getting some very hostile comments about Real Estate agents in general. There were some very heated debates.

One of the most assertive commenters was Eulea whose avatar linked back to the Seattle Bubble. It was bizarre reading that home prices would decline 80%. Others, like Eulea, predicted the collapse of the economy. Now remember this was in 2005 and 2006, by 2007 the comments became more assertive. Finally the housing market, along with the stock market had a massive correction that required government intervention.

Today there are many more important topics that need discussion other than just the price of housing. You need to read through more comments that make minor points, but there are great commenters with differing points of view. I started blogging because of that site and have learned a lot about the economy, housing, and politics.

Tim Ellis is now interviewed along with other Real Estate industry experts. He has a very level headed approach to his new found fame. It’s inspirational that a person can set their mind to something, follow through, and make a positive impact.