All Forum Posts by: Megan Shay

@Jesse Valle, have you checked out the new Vibe Coworks? That space definitely fills a need. I think the amenities will come as housing grows. 

@Kristel Daugherty, as more people discover that you can work, read, plan AND drink coffee or beer on the boat, it'll REALLY take off around here. ;-) Can't say that for sitting in bumper-to-bumper traffic! 

@Jesse Valle, Kitsap's actually up 10%+ over last year. Meanwhile, Seattle has been flat. I don't see that slowing down as more and more people discover how great it is here. Plus, the ferry commute is much more pleasant than being stuck in traffic! :-) I expect more action in Kingston as inventory is built there, now that there's a fast ferry. (39 minutes to downtown Seattle). I think it would be exploding more, but there's still a serious shortage of inventory. 

Feel free to DM me for more info/stats. I live in Poulsbo and love it over on this side. 

Second @Jake Alger. Over $1M has definitely softened. 

Case in point: I sold a $1.175M house, new construction, beautiful modern in January 2018. Couple split up, had to sell. We tried last fall (September/October) when everything hit the skids, then took it off the market for the holidays and tried again early spring this year. Took a month of hard work (lots of open houses, social media marketing, email newsletter, follow up with agents, etc.), but we got it done. Unfortunately for my sellers, they had to take a $100k bath on the price since in the meantime, inventory increased, it was the holidays, Chinese cash went away, and everyone was wondering: What is happening with Amazon's HQ2???

 And in case you are wondering, what they paid for it a year ago was indeed fair for the market at the time; they even got a pretty decent break since the builder had overpriced to begin with. 

@Russell Brazil, it's listed by one of those listing services, 1% fee FSBO deals. I suspect there's no agent marketing strategy, but correct me if I'm wrong, @Jeremy Benezra? 

One final note: After more than a couple months on the market (and that's pretty generous), buyers wonder what's wrong with it. Never fails. Could be absolutely nothing wrong, just listings get stale. I'd take @JakeAlger up on his offer to check it out. 

Good luck! 

@Ryan Currie, for the record the property referenced is not mine. The seller is a colleague. I still work in Seattle also; point being Seattle may or may not be out of reach, all depends on the budget and preferences for what the investor hopes to get out of the situation. Seems with Tacoma, Marysville, Bonney Lake, and other outlying areas booming that commuters are willing to drive pretty far to get into the city. My point regarding the ferry commute is that it's generally considered more pleasant and relaxing than sitting in bumper to bumper traffic. ;-) 

I'm always happy to answer questions about the Seattle market and/or Kitsap. Just pointing out that there ARE other options beyond north and south. 

@Grace W., anything I can help with on the Seattle side? 

Wallingford and Queen Anne (and Laurelhurst) are rife with Tudors. :-) 

@Nitin Singh - second @Jake Alger, outside the Seattle city limits. Consider Kitsap County. Recent fast ferries from Bremerton and Kingston to downtown Seattle in ~30 make it much more attractive to commuters fleeing Seattle's high prices. It's still affordable over here. (I moved to Poulsbo a year ago and we love it here!) Built-in tenants as well, with the Navy and Harrison healthcare in the area. 

Depending on your budget, there is a 4-plex in Silverdale you may be interested in. PM me for details on that. Good luck!

@Jennifer McPherson I just moved to Poulsbo last year. Love it here! :-) Best of luck with your venture!

@Allen C Herring, I have a friend interested in selling his 4-plex in Silverdale, WA. Lots of Navy presence (and healthcare) there. Strong employment base. I live nearby in Poulsbo, WA. Property is in a good location, all 4 units (2 bd/1 bath) are rented and have signed new leases for another year. They have all been in place for a few years now. PM if you have any questions. Good luck!