The probability of a high-speed rail line from Seattle to Vancouver, B.C., just got higher. Microsoft announced their plans to invest a second round of funds (over $220,000) into a feasibility study for high-speed ground transportation in the region.
Read MoreThe third quarter market update of 2019 is 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.
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Statistics from the second 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 is now showing an upward trajectory, with home price growth in some markets, a rise in inventory, and favorable interest rates for homebuyers. Below you’ll find a link to each of the reports with some key insights from the Seattle single-family and condominium markets.
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Apple is joining the Seattle’s tech core in South Lake Union, with plans to grow an office of up to 2,000 employees over the next five years.
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Love it or hate it, a dramatic shift in the Seattle Building Code for single-family residential property owners has been signed by Mayor Durkan. On July 1, 2019 Seattle passed one of the most aggressive housing bills in the country, Council Bill 119544.
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SPIRE is a brilliant architectural prism at the intersection of downtown Seattle’s most preferred urban neighborhoods. The 41-story condominium tower at 6th Avenue and Wall Street, is now above grade with planned delivery by winter 2020/2021, placing it among the earliest to deliver of new for-sale projects in the pipeline.
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Though much of Seattle’s tech expansion and news has revolved around Amazon, other key players are expanding their presence at South Lake Union. As GeekWire reported this week, Expedia and Apple are moving along nicely with their new Emerald City campuses.
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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.
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The Northwest Multiple Listing Service (NWMLS) released a press release that signals good news for home buyers, as April 2019 data revealed increasing inventory, slowing price growth rates, and low mortgage rates.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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