Sellers Who Delay May Miss Out

This article from the National Association of Realtors outlines why waiting may not be good strategy.  I strongly agree!  Although the article just touches on the risk of interest rate increases, my opinion is that it is an even stronger reason for not waiting.  Interest rates will increase and no one knows when. Right now you have the ability to lock in at under 4% for 30 years.  Why would you wait?  

Some would-be move-up home sellers are eyeing home prices carefully. They’re waiting to see how much home prices appreciate more before they consider selling their home. But they may be missing their perfect opportunity, some housing experts say. Sellers Who Delay May Miss Out

Get to Know the Parkwood Community

 

Parkwood Estates (Parkwood) is one of the oldest planned neighborhoods of Mercer Island. It consists of 52 homes on 53 lots positioned on five separate blocks in the south central part of the island. The streets are 91^st Avenue SE, Parkwood Lane, SE 54^th Street, SE 55^th Place, and SE 56th Street. The lots are mostly flat and home styles tend to be traditional, with circular driveways. Formal entry to Parkwood Estates is at SE 54th Street and Island Crest Way. With an ideal mid island location and beautiful streets and homes, Parkwood is a very sought after neighborhood.

Parkwood borders Island Park Elementary School and a park to the west, by other neighborhoods to the south, and by a city-owned greenbelt and ravine to the north and east. The neighborhood is near Pioneer Park, Deane’s Children’s Park, and Island Crest Park. Families with younger children often gravitate to this neighborhood. 

Very close to Parkwood is a three-acre natural green space known as Parkwood Ridge. It is maintained by Mercer Island Parks and Recreation and includes trails down to East Mercer Way.

The Mercer Firs community is adjacent to Parkwood Estates, and often considered part of Parkwood. As with Parkwood, Mercer Furs is accessed via SE 54th from Island Crest.

The distinctive aspects of Parkwood include underground utilities, paved gutters, lantern lights in front of most homes, signed entrances on the western and southern sides, and a laurel hedge marking the western and southern boundaries of the community. 

The Parkwood Club, Inc., which manages the community and acts on behalf of the neighborhood in its relationship with the City of Mercer Island, in its responsibilities for maintenance of the common areas, and to ensure compliance with the community’s protective covenants.

The Real Estate brokerage Ewing and Clark East recently listed and sold a lovely three-bedroom rambler with a pool in Parkwood that sold for $720,000. Currently, one home is for sale in Parkwood Estates. If you have any questions about Parkwood, please contact me at 206-230-0833. 

Photos by Ken Urman.