Category: How’s the Market?

Are we heading for a slow down?

Are we heading for a slow down?

According to an article at SeattleTimes.com titled “Nation’s housing market may be headed for biggest slowdown in years“, the crazed seller’s market we’ve been experiencing is starting to soften – which is great news for buyers! Nationwide and locally, we’re seeing inventory growing, prices increasing at a ...

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Home Prices Hit New Record Highs

Home Prices Hit New Record Highs

Once again, the Puget Sound housing market is setting new records, according to this article from The Seattle Times. In February, the median price of single-family homes in the city jumped to a new all time high of $777,000 – up $20,000 from January’s record setting prices. In fact, every county in the Puget Sound region saw home prices ...

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Seattle’s Million Dollar Homes

Seattle’s Million Dollar Homes

According to an article on SeattleTimes.com, nearly 1 in every 5 or 6 homes in King County sold for $1 million or more in 2017 – which is up 71% from 2016 where only 1 in every 10 sales were seven figure transactions. Across the nation, the Seattle area has the ninth highest share of million-plus dollar home sales and we’re seeing ...

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Housing Inventory is Increasingly Tight

Housing Inventory is Increasingly Tight

According to a recent article at King5.com, housing inventory in Seattle continues to drop, and experts predicts that we’ll see 20.1% fewer homes on the market in 2018 than we did in 2017. The median home price last year increased 12.5% to $468,000, with more than half of the homes listed for sale going to more than the list price. And ...

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Seattle Home Prices to Rise in 2018

Seattle Home Prices to Rise in 2018

According to a post at Curbed.com, Zillow has predicted the nation’s hottest housing markets for 2018 and Seattle is third on the list – behind only San Jose, California and Raleigh, North Carolina. To determine which cities would make the list, Zillow looked at factors like unemployment rates, home values and rents, income ...

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Seattle Home Prices Up 12.7%

Seattle Home Prices Up 12.7%

According to an article* at komonews.com, home prices in Seattle are up 12.7% from October 2015, boasting the strongest gains in the country. Across the U.S., home prices rose 6.2% overall in 2017 and “Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index stood in October a solid 6 ...

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New Airbnb Regulations in Seattle

New Airbnb Regulations in Seattle

On Monday, December 11, 2017, the Seattle City Council approved new regulations on short-term rentals, according to an article on GeekWire.com. Short-term rental hosts will be limited to just two dwelling units per owner and will also need a special license to operate. The rules also require platforms like Airbnb and VRBO to obtain special ...

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New Listing in Magnolia

New Listing in Magnolia

Calling all mid-century modern enthusiasts! We just listed this stunning home in Seattle’s Magnolia neighborhood and you owe it to yourself to come see this beauty in person! Stop by one of our scheduled open houses this Saturday and Sunday from 12-3pm for a tour. This Eichler-inspired mid-century modern home is tucked along the north ...

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Salary Needs in Seattle

Salary Needs in Seattle

According to an article in the Puget Sound Business Journal, Median home prices have increased across every major metro area in the nation (with the exception of Hartford, Connecticut), and nearly 70 percent of those markets saw home prices increase by 5 percent or more. With home prices going up, the salary needed to purchase property has ...

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Seattle Home Prices Up 12 Percent in 2017

Seattle Home Prices Up 12 Percent in 2017

According to this article on Northwest Public Radio (nwpr.org), Seattle Tops Real Estate Market For Price Increases, the Pacific Northwest continues to outpace the rest of the country in price appreciation. Seattle tops the list, with the average home appreciating an average of $48,000 over the past year, all while the number of homes ...

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