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Gerhard Ade covers Real Estate around Seattle and more.

For the past eleven years, Gerhard Ade has published the "View from the Street" a monthly newsletter he writes for his clients and friends. Appearing at the end of each month, Gerhard covers not only real estate but other topics that are close to his mind and heart. To reach a broader audience, Gerhard posts each newsletter on ReSeattle.com. Don't miss what Gerhard has to say and subscribe to his "View from the Street" right here!

Who bought that home?

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Who bought that home?
Seattle Real Estate | Gerhard Ade

So you want to know who bought that home?

It started with a question on Facebook. Who bought that home?

Where are people coming from who can afford these million-dollar homes? The Seattle market is insane.

The replies to the post included: “double incomes,” “Amazon and Microsoft people,” “corporations are buying up real estate above asking price,” and an emoji expressing disgust. One person observed that some newly sold homes turned immediately into rentals.

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Adverse Possession

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Russia’s Adverse Possessions
Seattle Real Estate | Gerhard Ade

Russia’s Adverse Possessions

“Adverse possession, sometimes colloquially described as “squatter’s rights”, is a legal principle in the Anglo-American common law under which a person who does not have legal title to a piece of property—usually land—may acquire legal ownership based on continuous possession or occupation of the property without the permission (licence) of its legal owner.”

Wikipedia

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Bellevue homes: split-level to luxury and beyond

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Bellevue Homes: split-level to luxury and beyond
Seattle Real Estate | Gerhard Ade

Bellevue homes: from split-level to luxury and beyond

Last year’s listing of a $6-million Bellevue home put my name on the map and in the media. It also was the fifth transaction with the same client. Number six was the recent purchase of another Bellevue property. Over time, Bellevue homes have played an increasingly more significant role in my real estate business.

When the Gambles took a gamble

2002 was our third year in Seattle and my first in real estate. We had few friends apart from our church. The members witnessed the loss of my job, for which my family had relocated across the country. The pastor’s counsel and the congregation’s compassion proved invaluable as I sought employment and eventually settled on a new career in real estate.

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Chapter and Verse

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Chapter and Verse
Seattle Real Estate | Gerhard Ade

2021: chapter and verse

If your life were a book, how many chapters would it have, and what would you name them? What if the book was about 2021? One condition: palaver about politics and the pandemic is not permitted. We have had our fill of both.

As I swipe through the months of 2021 on my iPhone, three events stand out. In chronological order, they are the listing of a Bellevue luxury home, a reunion with friends, and the death of my father-in-law. The chapters are business, travel, and family. The verse? Read on.

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The Housing Shortage is Real

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The Housing Shortage is Real
Seattle Real Estate | Gerhard Ade

The Housing Shortage is Real

You have heard it before. There is a shortage of homes for sale. To drive that point home, I’ve taken a snapshot of homes for sale.  Yes, it is the week after Thanksgiving but this only exacerbated what has been going on for not just months but years. Take a look at the three-year trends I provide on SeattleRealEstateNews.com.

We are running out of homes to sell.

As you can see, the downward trend in listings has been going on for over two years. With a few exceptions, notably for condos in downtown Seattle, this is true for most of the over 50 zip codes you can search there. For example, take a look at the three-year trends in the 98004 zip code of Bellevue, the 98021 zip code of Bothell, and the 98034 zip code of Kirkland.

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