Sound Transit needs your input!

Last fall I was saddened to learn that the greater Puget Sound region voted down the mass transit package that had been put forward for the Pierce, King and Snohomish County areas. While that put a bump in the highway, so to speak, for the transit people it didn’t stop them from moving forward to see what other options could be considered for our area. Transit is a major issue for our continued quality of life in this region and many groups, government, non-profit, and public based are coming together to try and make it more and more of a priority.

It’s an enormous issue when it comes to real estate and it will impact what cities and neighborhoods will thrive over the coming years. Think of it like the railroad towns of the late 1800’s that once the automobile became the major mode of transportation, those towns dwindled to permanent small town status UNLESS they found another way to be relevant. Today, we need a more diverse mix of convenient transit options more similar to places like Washington DC, Portland, New York, Chicago or like our European counterparts in Paris, London, Madrid, or Milan.

The big question here is whether or not the choices that are implemented are ones that the public wants or feels is appropriate. If you want to see what is going on, check out this website at Sound Transit, and start providing your public comments to the conversation.

For my own part, I am proud to be a member of the local REALTOR(R) association and as part of my volunteer time spent with programs they have such as committee meetings, I am also involved in the current opinion panel work that is bringing together our organization with others that are shaping the area – such as city council members, Sound Transit, park departments, non-profit environmental groups, and more. We’re focused on trying to find common ground that we believe will benefit all in the area and transit is a big part of it. I hope you’ll join the discussion too.

Have you heard about Zilpy? New site for tracking rents in cities across USA…

A title rep sent me an email today that gave me a head’s up on a new site I’d not seen before called www.Zilpy.com. It looks a heck of a lot like Zillow but with data on rents instead of home values. I’ve been playing around with it a bit and while I can’t figure out exactly yet how they’re getting the data, I’m intrigued. Most likely I’ll make mention of it to some of our investors to get their feedback on it as well and see if they think it’s a worthwhile site.

Check out the function of “heat maps” for rent levels in Washington. More states and cities are covered so it’s not just a Seattle gig. I believe it’s come to life from Silicon Valley.

Zilpy.com

How far is too far to commute?

[photopress:round_and_round.jpg,thumb,alignright] The most common question I get from people moving to Seattle regards their potential commute… The question typically follows this format:

“How far away from my work can I live and still have a reasonable commute?”

It doesn’t really matter whether the person is planning to work in Downtown Seattle, Downtown Bellevue, the Amazon Campus, or the Microsoft Campus, because a “reasonable commute” is different for each person.

Some people are willing to drive an hour to save money on a home (or be able to afford a home for that matter), while others want a commute that is less than 20 minutes. Across the country (and especially in the Seattle area), the farther you are willing to drive every day, the less you have to pay for a home.

Interestingly, my work as a transportation planning consultant has put me in contact with some very interesting resources. For example, I recently came across these five maps that were put together by the regional government (PSRC) that give a great indication of the average commute:

These maps are great if you know the area you are going to be working (say Downtown Bellevue) AND you know that you are willing to commute a specific distance (say 40 minutes) because then they can help you put a definitive boundary on your home search!

NOTE: These maps are created “topographical-style”. If you are new to this, imagine that the graphic is displaying a huge mountain centered on the point of interest (like Downtown Seattle). If you move anywhere within the first circle (the top of the mountain!), then your commute to Downtown Seattle would be less than 20 minutes. However, the farther out you live, the large the hill you have to climb to get to work. For example, if you were to move to Issaquah, then you could expect about a 40 minute commute to Downtown Seattle.

By the way, the maps are a little dated (they are based on 1997 data), but the commute patterns have not changed much in the last 8 years, so the trends are still pretty accurate.

The same regional model that was used to create this data also spits out data for future years! Wouldn’t it be great to have the same maps for future years (2010, 2020, etc.) so you could gauge how your commute might change? This can be done! And if there is sufficient interest, I’ll put something like this together!