When Logan College of Chiropractic students reach Trimester 7 and have successfully completed their competency board examinations, they become eligible to begin providing chiropractic care to students and student family members in the Logan Student Health Center.
Sales on Sammamish’s waterfront in 2011 were just another notch in the belt of Greater Seattle’s waterfront resurgence. Homes sold on Sammish’s lakefront properties increased from 19 in 2010 to 32 in 2011, one of the most-significant increases in the Puget Sound region.
In particular, sales of more-affordableSammamish waterfront homes were up significantly. The total increase of 58% was bolstered by 32 waterfront sales under $1 million, up from just 19 in 2010. Million dollar-plus sales, at the same time, stood at 15, up from 12 in the previous year. Overall, while prices were down somewhat, the strengthening sales should create further support for the market and prices in general going in to 2012.
Sammamish Waterfront Homes Sold, 2011
|1831 225th Place NE||Sammamish||$370,000|
|22424 SE 20th St||Sammamish||$445,000|
|2019 207th Ave SE||Sammamish||$476,000|
|22523 SE 20th St||Sammamish||$510,000|
|20413 NE 7th Ct||Sammamish||$600,000|
|4291 E Lake Sammamish Shore Lane SE||Sammamish||$718,000|
|4291 E Lake Sammamish Shore Lane SE||Sammamish||$718,000|
|4007 E Lake Sammamish Shore Lane SE||Sammamish||$725,000|
|4261 E Lake Sammamish Shore Lane SE||Sammamish||$750,000|
|2224 E Lake Sammamish Place SE||Sammamish||$757,500|
|241 E Lake Sammamish Shore Lane NE||Sammamish||$790,000|
|2317 E Lake Sammamish Place SE||Sammamish||$797,300|
|2922 222nd Place SE||Sammamish||$835,000|
|1021 250th Ave NE||Sammamish||$860,000|
|2219 E Beaver Lake Dr SE||Sammamish||$875,000|
|2955 224th Place SE||Sammamish||$895,000|
|2010 W Beaver Lake Dr SE||Sammamish||$990,000|
|25408 SE 28th St||Sammamish||$1,120,000|
|667 East Lake Sammamish Pkwy NE||Sammamish||$1,200,000|
|1333 E Lake Sammamish Shore Lane S||Sammamish||$1,240,000|
|1203 E Lk Sammamish Shore Lane SE||Sammamish||$1,285,000|
|1419 E Lake Sammammish Shore Lane SE||Sammamish||$1,500,000|
|1429 E Lake Sammamish Shore Lane SE||Sammamish||$1,595,000|
|605 E Lake Sammamish Lane NE||Sammamish||$1,600,000|
|2211 E Beaver Lake Dr SE||Sammamish||$1,600,000|
|4245 206th Ave SE||Sammamish||$1,677,000|
|109 E Lake Sammamish Shore Lane NE||Sammamish||$1,775,000|
|4215 E Lake Sammamish Shore Lane SE||Sammamish||$1,781,500|
|3015 E Lake Sammamish Pkwy SE||Sammamish||$1,850,000|
|22007 SE 21st Place||Sammamish||$2,400,000|
|1913 E Lake Sammamish Place SE||Sammamish||$2,800,000|
|425 East Lake Sammamish Shore Lane NE||Sammamish||$2,900,000|
Sam DeBord – Realtor | Managing Broker |SeattleHome.com | Coldwell Banker Danforth
Wiegand & DeBord – WD Estates | ph: 206-658-3225 | email: Sam(at)SeattleHome.com
Member NWMLS, N.A.R., WA RealtorSeattle-King County Realtordiv>
Source: NWMLS Data – This information was not compiled or published by the Northwest Multiple Listing Service
Bonfire Health is teaming up with the Mauli Ola Foundation for the 100 Day Challenge to beat Cystic Fibrosis.Â Â Â The Bonfire Team isÂ committed to doing a Tabata workoutÂ everyday for 100 days to raise awareness about how crucialÂ exercise is, not only for children with CF but for everyone’s health.
Ways toÂ Get InvolvedÂ in the 100 Day Challenge:
-Â commit to working out with us for 100 days
-Â post videos and comments about your workouts on Facebook
-Â get sponsored to raise money for the Mauli Ola Foundation to benefit children with Cystic Fibrosis
– or make donations directly to the Mauli Ola Foundation -Â Click here
For printable sponsor forms click here.
To learn moreÂ go to:
When the real estate market started its downward slide around five years ago, house flippers were one of many real estate investing groups who were caught with their hands in the cookie jar. Flipping houses had become very profitable and fairly easy in the boom years, and the market had become flooded with flippers who had little knowledge of real estate investment or construction practices. When price appreciation turned to depreciation, few of these investment newcomers had the resources or the foresight to maintain their finances and subsequently many of these homes fell into foreclosure.
Many people saw the downfall of the flipping industry as a positive for the market, since flipping was often associated with sloppy repair work and cheap building materials. While that was true in some cases, the negative connotation attached to the flipper label is not necessarily appropriate in all cases. There are many companies who are very good at high quality remodeling of homes in quick order, and actually have a positive impact on communities. Companies that have the finances and experience to refurbish a dilapidated home in a short amount of time at a manageable cost allow neighborhoods to remove eyesore properties in quick order, and create the potential for more pride of ownership and long-term residents in that community. Simply put, there are a wide variety of flippers.
Now that we’re seeing an uptick in home prices in many markets across the country, there are signs that house flipping could be making a comeback. Prices may be rising slightly, but they are still down 20%-50% in many of these markets since the peak. With homes at such discounted prices, and record-low interest rates making financing inexpensive, companies with the available funds to make quick repairs to homes are snapping up bank-owned and distressed properties in droves. Some are being turned into rentals, but many are being sold again a short time later.
RealtyTrac released some statistics on recent house flipping that, while they deserve some scrutiny, do point to a potential rise. They show an increase of 25% in homes being flipped, with an average profit of nearly $30,000. There are many assumptions involved in these calculations, as they’re most likely tied to the short time between two sales of the same home, which may indicate a flip but may not necessarily. Also, without knowing the individual home flipper’s costs of repairs, the profit numbers are likely a very rough estimate and may be quite a bit lower. Still, estimates of nearly 10,000 homes being flipped in Phoenix, AZ in the first half of 2012 signal a significant change in the confidence of house flippers.
Inventory is tight in many markets, including Seattle which has 45% less homes on the market this year than one year ago. This is a serious restraint on the ability of flippers to acquire properties. However, prices are low, interest rates are low, and price appreciation creates a more forgiving environment for house flippers’ bottom line. The market seems to be ripe for house flippers who understand the business and have the financial capacity to purchase properties in today’s market.
Data Source: NWMLS – The Northwest Multiple Listing Service did not compile or publish this information.
The Foundation for Chiropractic Progress (F4CP) recently announced the appointment of Greg Harris, vice president of university advancement at Life University, to its board of directors.
I want everyone to have a happy and healthy holiday season this year so this week I am marking down our Vitman D stock.Â Vitamin D immune boosting properties that keep our bodies free from colds and flus.
Metagenics Vitamin D3 1000 120ct – $13.00Â (3 left)
Metagenics Vitamin D3 5000 120ct – $16.00Â (3 left)
These are some of the highest quality pharmaceutical gradeÂ supplements available.
I get asked this a lot, especially around this time of year when RRSP deadlines are looming. If you’re a first-time homebuyer, then yes, RRSPs and pension savings can be put towards a down payment. This article written by Jim Yih, a financial expert, appeared in Postmedia News.
Twenty years ago, I borrowed $10,000 from my RRSPs, under the federal government’s Home Buyers’ Plan, to help me purchase my first home.
Since then, I have always been an advocate of the Home Buyers’ Plan.
It’s a great deal for those looking to purchase their first home because they can borrow up to $25,000 from their RRSPs.
Under the plan, you do not pay tax on the withdrawal because it’s like a loan that has to be paid back into the RRSP over a 15-year period.
Each year, you have to pay back one-fifteenth of the borrowed amount. If you don’t, then the required payment becomes taxable that year.
I recently talked to two young people who are planning to buy their first house this year. Their stories each illustrate how they are able to use their RRSPs and the Home Buyers Plan to their advantage.
But what happens when you have no RRSPS?
Mark has been working for three years, since graduating from university. He has saved $10,000 toward the purchase of his first home. His parents are going to match his savings and give him another $10,000 toward the down payment.
Because he has focused his savings on purchasing a home, he has not put any money away in RRSPs and therefore has considerable unused RRSP contribution room available to him.
Since Mark has no RRSPs, he is not able to take advantage of the Home Buyers’ Plan.
I suggested that Mark take both his $10,000 and his parents’ matching contribution and put it into to his RRSPs right away. After 90 days, he can get the money out through the Home Buyers’ Plan. This is advantageous because his $20,000 contribution creates a significant tax savings.
Let’s assume Mark is in a 32-percent marginal tax bracket. That means that a $20,000 RRSP contribution will give him a tax refund of $6,400. That $6,400 can be used toward the down payment of the home, or it can be used to deal with all the other costs like legal fees, moving costs, utility hook ups, etc. By contributing the money to the RRSPs first, Mark is creating $26,500 for his home purchase, instead of just $20,000, because of the tax deduction.
In another case, I met Stan, who is also looking to buy his first home this year. He has only saved $6,500. He has an RRSP at the bank worth about $3,500 and he has $8,000 in a defined contribution pension plan from one of his previous employers. Stan was thinking about cashing in this pension and using it toward the purchase of his home.
Normally, pension money cannot be cashed out. But because the balance of the pension is less than 20 per cent of the current Yearly Maximum Pensionable Earnings, he is able to do so. The problem with cashing out the pension is that Stan will have to pay tax on the withdrawal. Instead of getting $8,000, after paying tax he would only have $5,450. However, instead of cashing out the pension, Stan is able to transfer the pension to his RRSP. He won’t get a tax deduction, but he can use the entire $8,000 toward the down payment of the home through the Home Buyers’ Plan.
After transferring the $8,000 pension into the RRSP, he should also contribute his cash savings of $6,500 to it, as well. With the $3,500 already in his existing RRSP, he would then have $18,000 in the RRSP that can be pulled out through the Home Buyers’ Plan. In addition, his $6,500 contribution would result in a tax refund of approximately $2,000. This scenario will give Stan $20,000, compared to only $15,450 if he cashes out the pension and does not put the $6,500 into the RRSP.
Since we are in the heart of RRSP season, first-time home buyers should consider making a contribution to their RRSP, to get an immediate tax deduction and a corresponding refund in April or May of this year.
Any contributions to the RRSP can be withdrawn through the Home Buyers’ Plan 90 days after deposit. Any contributions will result in a tax deduction, which will give the homebuyer a little extra cash. Basically, first-time homebuyers with cash should contribute to their RRSPs, if they have the contribution room.
For more info, visit Jim’s blog, RetireHappyBlog.ca.