Seattle News

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.

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.

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.

Seattle Zoning Update: Rapid Growth Constrains New Housing Opportunities in the City

Seattle Zoning Update: Rapid Growth Constrains New Housing Opportunities in the City

A recent Seattle Times housing column tackled a topic that is an important key to understanding our local housing market: zoning. As the article outlines, though 69 percent of Seattle’s residential plots of land contain single-family homes (which is about average compared to the nation’s 50 largest cities) it “generally devotes a lot more of its housing to single-family homes,” which is putting more pressure on a city struggling with affordability amidst rising demand.

Seattle & the Eastside Set New Price Records in February 2018

Seattle & the Eastside Set New Price Records in February 2018

Though the winter months have historically given way to slowdowns within the Puget Sound real estate market, there was no sign of a slowdown in February 2018, as home prices in Seattle and on the Eastside reached new benchmark values. As Seattle Times reports, “Seattle’s median single-family-home price hit $777,000 in February, $20,000 more than the previous all-time high set just a month prior,” while on the Eastside, “the median cost of a house was $950,000, or $12,000 more than the peak price from two months ago.” According to Northwest Multiple Listing Service data, home prices in every Puget Sound county increased by at least 15%, with many setting record high values.

The Cityscape Could Shift in Future as Lid I-5 Campaign Reaches Milestone

The Cityscape Could Shift in Future as Lid I-5 Campaign Reaches Milestone

A recent Seattle Magazine article asks readers, “What would Seattle look like if I-5 was covered?” The question comes as the initiative, which was first introduced to Seattle Public Parks two years ago, was given a $1.5 million feasibility grant by the Washington State Convention Center to explore how Lid I-5 may come to life. If approved, it would improve existing infrastructure and expand the city’s space to build housing, public parks, streets, and more – all over top of Interstate 5.