Commercial Real Estate in Seattle Continues its Boom

Commercial Real Estate in Seattle Continues its Boom

As the recent Bisnow Seattle Construction & Development Forecast” event outlined, the commercial real estate industry in Seattle is continuing its boom and the city is even looking at ways to lessen the length of time of the permitting and approval process by adding staff.

Join me at the 2019 Madison Park Home & Garden Tour

Join me at the 2019 Madison Park Home & Garden Tour

Realogics Sotheby’s International Realty is proud to present The Madison Park Home & Garden Tour on Sunday, June 9th 2019, from 12 to 4 pm. This walking tour of distinct neighborhood homes and gardens highlights a broad range of innovative, classic and stylish design. All proceeds benefit McGilvra Elementary School to provide critical education support roles including music classes, art classes, reading specialists, math specialists, and more.

Seattle Home Prices Trend Upward in Latest S&P Case-Shiller Report

Seattle Home Prices Trend Upward in Latest S&P Case-Shiller Report

Though year-over-year home prices in Seattle for February 2018 grew at a lower rate than the previous year, an upward trend appears to be in motion, as monthly decreases moved from -0.28 percent in January to +0.57 percent in February. This put an end to the series of seven months of decreases, which tied the last run of slower price gains, which lasted August 2011 to February 2012.

2018/2019 Market Report

2018/2019 Market Report

Realogics Sotheby’s International Realty has released a comprehensive report outlining 2018 market trends in eight counties and 31 communities in Western Washington with 2019 price predictions and a look ahead at the fundamentals that will drive the Puget Sound real estate market through the rest of this year. Below I have outlined insights for King County and Madison Park, in addition to a selection of top trends for 2019.

Market Trends: First Quarter 2019

Market Trends: First Quarter 2019

Statistics from the first quarter of 2019 are here and Realogics Sotheby’s International Realty has crunched the numbers with a look at home price trends in Seattle, the Eastside and Bainbridge Island. The market cooldown that occurred in the final months of 2018 continued early into this year, with home price growth mediating—or slightly declining—and inventory rising once again. Below you’ll find a link to each of the reports with some key insights from the Seattle single-family and condominium markets.

Canlis Wins the James Beard 2019 Design Icon Award

Canlis Wins the James Beard  2019 Design Icon Award

There is something to be said for the power of modern architecture. I have long admired the clean lines of Canlis, the windowed masterpiece perched on the east slope of Queen Anne. Now the restaurant is in the global spotlight, as it was recognized by James Beard with the 2019 Design Icon Award.

Seattle's Urban Core Continues to Grow

Seattle's Urban Core Continues to Grow

The last few years have proven fortuitous for Seattle, as the city has undergone sustained growth ­with new development projects. The Downtown Seattle Association recently reported that there are a total of 66 major projects currently under construction, a figure that is expected to stay relatively stable in the near future. From South Lake Union to SoDo, it isn’t hard to see that the city is expanding. Cranes are in view in nearly every direction you turn and it is hard not to wonder what is being built. The answer? Mostly, apartments.

RSIR to Launch a “Market Tracker” Tool for Homebuyers

RSIR to Launch a “Market Tracker” Tool for Homebuyers

Thinking about selling and want to know more about home prices in your neighborhood? Searching for a home and want to ensure you understand market fundamentals in the region? Our market moves quickly—and so do you. Meet the Realogics Sotheby’s International Realty “Market Tracker,” a new tool that puts the latest local real estate data at your fingertips.

Modern Homes from Around the World

Modern Homes from Around the World

I have long been drawn to the statement-making architecture of modern homes. February marks modern homes month at Sotheby’s International Realty®, which means the time has come to focus on clean lines and open layouts. I have curated a collection of extraordinary modern homes from around the Sotheby’s International Realty network, from the east coast to the west, Croatia and Dubai.

Seattle Home Prices Are Back in the Top Three Fastest-Rising in the U.S.

Seattle Home Prices Are Back in the Top Three Fastest-Rising in the U.S.

The latest S&P Case-Shiller Home Price Index—which outlines home price trends from November 2018—shows growth restoring in Seattle, as the Emerald City was restored to the top three regions leading the U.S. for residential home price growth.

Seattle Construction Update: The Emerald City Still Has the Most Cranes in the U.S.

Seattle Construction Update: The Emerald City Still Has the Most Cranes in the U.S.

Earlier this month, Rider Levett Bucknall (RLB) released their biannual crane count and despite a slight decrease in the number of cranes dotting the Seattle skyline, the Emerald City held strong with the most cranes in the U.S. at 59.

Market Trends from Around the Sound: Fourth Quarter 2018

Market Trends from Around the Sound: Fourth Quarter 2018

The year has come to an end and Realogics Sotheby’s International Realty took a look at the latest housing market statistics. In the final quarter of 2018 the region saw changing inventory with median sales prices that stayed relatively moderate compared to the previous quarter. Explore the trends in Seattle, the Eastside and Bainbridge Island.

The City of Seattle Could See Zoning Changes in 2019

The City of Seattle Could See Zoning Changes in 2019

Current zoning restrictions in various parts of Seattle are under discussion, as Seattle’s City Council has just begun what promises to be a debate on whether to upzone neighborhoods that have historically been reserved for single-family homes. Seattle Times has been keeping a close eye on the topic in a series of recent articles.

No Longer in the Top Three Cities by Home Price Growth, Seattle Still Lures the Ambitious

No Longer in the Top Three Cities by Home Price Growth, Seattle Still Lures the Ambitious

With effect from the October 2018 Case Shiller Home Price Index press release, Seattle officially dropped out of the nation’s top three residential markets by home price growth: “Las Vegas, San Francisco and Phoenix reported the highest year-over-year gains among the 20 cities [subject to the Case Shiller Index]. In October, Las Vegas led the way with a 12.8 percent year-over-year price increase, followed by San Francisco with a 7.9 percent increase and Phoenix with a 7.7 percent increase.” At 7.36 percent growth over the past 12 months, Seattle was not far behind; but the monthly result on the index (-1.05 percent) remained negative for a fourth consecutive month.

2019 Housing Market Forecast

2019 Housing Market Forecast

The coming of a new year inevitably brings about moments of reflection on months passed and gives us the opportunity to envision where things will head over the course of the next year. As we begin our journey into 2019 and prepare to set—and achieve—our real estate goals, let’s take a look at the 2019 Housing Market Forecast with the experts at Forbes magazine and realtor.com®.

The Latest S&P Case-Shiller Report Shows Home Price Growth is Still Strong in Seattle

The Latest S&P Case-Shiller Report Shows Home Price Growth is Still Strong in Seattle

Following the release of the latest S&P Case Shiller Home Price Index, the Seattle Times once again proclaimed the decline of residential home prices in the Seattle metropolitan area. Contrary to headlines, however, trendlines give way to a more nuanced story. Some are using the Case Shiller Index to reinforce misleading growth reports, so let’s have a look at the data used to calculate the Index and compare it to results gathered from sales data in the Northwest Multiple Listing Service (NWMLS).

Millennials and Baby Boomers: How Two Seemingly Disparate Demographics are Shifting the Real Estate Industry

Millennials and Baby Boomers: How Two Seemingly Disparate Demographics are Shifting the Real Estate Industry

Though it would seem unlikely that millennials and baby boomers have much in common, recent headlines are drawing parallels between these two disparate generations when it comes to their real estate needs.

Seattle Home Prices not Lower, but Slower Rising

Seattle Home Prices not Lower, but Slower Rising

Earlier this week, S&P Dow Jones released the August 2018 monthly results of their CoreLogic Case Shiller Home Price Index. Until two months prior, the Index had shown Seattle leading the nation in residential (single-family) home prices for 21 months. That run was brought to an end by a surge of prices in Las Vegas; and while prices in Seattle have continued to advance, the pace has slackened in the weeks since.

Market Trends from Around the Sound: Third Quarter 2018

Market Trends from Around the Sound: Third Quarter 2018

Statistics from the third quarter of 2018 are here and Realogics Sotheby’s International Realty has crunched the numbers with a look at home price trends in Seattle, the Eastside and Bainbridge Island. While the last few reports continued to outline a trend of low inventory and rapidly rising prices, change is afoot in the Puget Sound region, with home price growth steadying and inventory rising to levels not seen for years.