Category: News

Bill Gates Busy During Quarantine – Buys Oceanfront Del Mar Estate for $43 Million

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The beachside patio at Bill Gates' new Del Mar compound
The beachside patio at Bill Gates’ new Del Mar compound

Besides being interviewed on every mainstream propaganda television show about his plan for world domination through mandatory global vaccinations (most likely to come from one or more of the 7 different Gates funded labs), Bill Gates has not let the quarantine for the less than Billionaire set, slow him down. According to a story at Local Business Scoop, Bill Gates has purchased a $43 Million Dollar Beachfront Compound in Del Mar.

Sign Up for the New Del Mar Villas E-Newsletter!

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All residents and condo owners at Del Mar Villas are invited to sign up for the all new (and unofficial) Del Mar Villas e-newsletter at, which will include hyper-local news, classifieds and maybe even some events.

Everyone is invited to submit news,  information or free classified ads – including units for sale or rent.

It’s our goal to give all residents and homeowners at Del Mar Villas a community resource that we can all use to make living at Del Mar Villas an even better experience for us all.  If you have any news that you would like to report, please send to News@LocalBusinessScoop with the subject line of Del Mar Villas news.

Don’t Bother Getting Your Car Washed if You Live at Del Mar Villas

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If you live at the Del Mar Villas, don’t bother getting your car washed – the maintenance guys will make sure to blow dirt over it the next day ….

I’ve complained about this several times, but still the same, they continue to blow all the parking lot dirt all over freshly washed cars.  #thissucks


Apparently It’s Ok to Park Illegally at Del Mar Villas – IF You Are the Manager …. (Updated)

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Del Mar Villas Manager Susan Thrasher's Truck Illegally ParkedI’ve noticed several times over the course of the last month a big red truck illegally parked in the fire lane across the parking lot from the gym at Del Mar Villas. Read More

Conflicting Messages from Del Mar Villas Manager Causing Concern

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Del Mar Villas Management Notice Taped on Bedroom WindowThis morning I was sitting on the toilet and right outside my bedroom window, I heard someone repeatedly saying “wanna go peepee? wanna go peepee?”  Then I heard the woman’s voice saying “she’s out of control” and “we need to take care of this”. (apparently after she read my sign about inconsiderate pet owners). Read More

Inconsiderate Del Mar Villas Pet Owners NOT Appreciated

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No It's Not Ok For You To Let Your Dog Shit on My LawnUnfortunately, there continues to be at least a couple of pet owners living at Del Mar Villas who are acting in an extremely inconsiderate manner – letting their dogs pee and crap on lawns outside of their neighbor’s windows.  Not very neighborly at all – and it makes residents resent all pet owners (even the ones who are considerate and walk their dogs off the property).

Personally I’m tired of people letting their dogs pee and shit right outside my bedroom window.  If and when I catch someone allowing their pet to do that, I will follow them home and take a dump in front of their front window.  If I’m in a pissed off mood, I might even just hose dog and owner down with the garden hose.

Be warned.

Jacuzzi and Sauna Not Operating

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Del Mar Villas Jacuzzi closed 022817Both the jacuzzi and sauna at Del Mar Villas have been non-operational for several weeks, apparently due to a gas leak.  Unfortunately for residents, there does not seem to be a real timetable for getting these fixed.

Del Mar Villas Sauna Closed Notice 022817 2Quite a bummer.

M-M Properties Purchases Sunset North Office Campus in Bellevue for $155.3 Million

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Sunset North Office Campus BellevueCBRE Group, Inc. recently announced it represented a fund managed by Beacon Capital Partners in the $155.3 million sale of Sunset North, a three-building, 464,000-sq.-ft. office campus in Bellevue. The complex was purchased by M-M Properties and a large institutional investor. Sunset North is currently 99 percent leased and anchored by The Boeing Company.

Tom Pehl and Lou Senini of CBRE’s Institutional Properties team worked with Kevin Shannon, Ken White and Michael Moll to represent the seller in the transaction. Paul Sweeney and Jason Furr of Broderick Group assisted in representing the seller in the transaction. Read More

Frenzied Local Home Market Frustrating Home Buyers

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Buyer anxiety is rising as the pace of home sales is faster than brokers are able to replenish inventory, according to members of Northwest Multiple Listing Service. Figures just released for March show 11,408 pending sales during the month while only 10,505 sellers listed their homes for sale during the same period.

The market imbalance is played out with rising prices, an acute shortage of listings — particularly in areas close to job centers — and bidding wars.

The volume of new listings (10,505) added during the month increased 9.4 percent compared to a year ago, but fell short of satisfying demand in many areas. At month end, inventory in the MLS service area that encompasses 23 counties was down almost 14 percent, dropping from 19,736 listings to 17,007. Twelve counties reported double-digit declines from this time a year ago.

Measured by months of supply, there is about 2.5 months of inventory area-wide. In King County there is slightly more than 1.3 months of supply and in Snohomish County supply stands at just under 1.7 months.

Stiff competition is reflected in part by rising prices – but MLS officials emphasized sellers still need to be realistic.

Northwest MLS figures show prices on last month’s closed sales of single family homes and condos jumped more than 6.7 percent compared to the same month a year ago. The median price on last month’s closed sales area-wide was $292,500 which compares to the year ago figure of $274,000.

Home prices were considerably higher in San Juan and King counties. For the 26 completed sales in San Juan County during March, (one more than a year ago), the price jumped 25.5 percent, rising from $400,000 to $501,900. King County prices rose about 8.8 percent, increasing from $378,000 to $411,200.

Prices on single family homes (excluding condos) rose about 6.8 percent system-wide, increasing from a year-ago figure of $282,000 to $301,143. Within the four county Puget Sound region, Snohomish reported the sharpest hike at nearly 8 percent. The median sales price for a home in that county was $340,000 last month; twelve months ago it was $314,975. Buyers can expect to pay about 30 percent more in King County where a single family home that sold last month fetched a median price of $440,250.

MLS members logged 6,769 completed transactions of single family homes and condos during March to outgain the same period a year ago by 1,016 transactions for a 17.7 percent increase. Of that total, condos accounted for about 14 percent of the volume. The median price on last month’s condo sales was $240,000, which was about 9 percent higher than a year ago. In King County, the median sales price was $269,600.

Northwest Multiple Listing Service, owned by its member real estate firms, is the largest full-service MLS in the Northwest. Its membership includes more than 23,000 real estate brokers. The organization, based in Kirkland, Wash., currently serves 23 counties in Washington state.

Bellevue Condo Report: Inventory Extremely Low

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Bellevue Towers day timeThis is the Bellevue Condo report from A New Day Real Estate for January 27, 2015.

As of today, there are currently 130 condos in Bellevue that are listed for sale on the Northwest Multiple Listing Service (NWMLS).  That number is definitely a low number, but when you examine the list and realize that approximately half of those condos that are listed are located at Washington Square, it really shows how tight the condo market is here in Bellevue.

Then you add in the fact that 7 of the 10 least expensive Bellevue condos are located at the Silver Glen 55+ community and realize that at least a few of the remaining 58 condos are really not sellable because of huge and unreasonable HOA assessments.  When it all comes down to it – there are really only around 55 condos on the market in Bellevue (that are not located at Washington Square, Silver Glen or burdened with debt that make them unlikely to sell).  That means that inventory is LOW!  If you are looking to buy a condo in Bellevue right now, there is not a lot of selection available.  If you are thinking about selling your condo in Bellevue, this is GREAT news – it’s a great time to list and sell your condo without a lot of competition.  Get it priced right and it should easily sell in 30-60 days.

The highest priced condo currently for sale in Bellevue is a $3.35 million dollar unit on the 41st floor of Bellevue Towers.  Besides some amazing views, this unit in Bellevue Towers features 3,403 square feet, 2 bedrooms, 2.5 baths and has been on the market for 122 days.

The lowest priced condo currently listed for sale in Bellevue is at Silver Glen 55+ community listed at $109,950.  Outside of Silver Glen, the lowest price condo listed for sale in Bellevue is located in The Highlands condos across the street from Microsoft’s Redmond campus.  The 1/1 unit is listed at $135k, but the complex has recently taken out a huge amount of trees from the property and has been discussing a future ‘special’ assessment against each unit owner.

As of today, there are only 41 condos in all of Bellevue that are listed at less than $500,000 asking price – and that is including at least 7 units at Silver Glen, but not including a boat slip at Newport Shores that is still listed as a condo.