2018 Waterfront Update

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2018 Waterfront Update

Realogics Sotheby's International Realty recently released a Waterfront Update that examines regions across Puget Sound and highlights popular waterfront communities with information regarding home values, sales trends and market activity. The report is centered around price trends and the typical location factors that affect the value of any real estate. Waterfront sales, however, may also be influenced by other aquatic factors including docks, moorage, beach or tidelands access, and more. 

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Seattle’s Market Pivots as SPIRE is Set to Shift to Condominiums

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Seattle’s Market Pivots as SPIRE is Set to Shift to Condominiums

An article recently featured in NW REporter explains that “what was initially planned as downtown Seattle condominiums, and then reconceived as luxury apartments, will, in fact, be condos.” They’re referencing the SPIRE project, a 41-story tower planned near the Seattle Center, which “will encompass 352 residences with prices starting from below $450,000, according to Laconia Development.”

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Seattle Market Home Price Growth Slows Amidst Inventory Increases

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Seattle Market Home Price Growth Slows Amidst Inventory Increases

According to a recent article featured in Seattle Times, Seattle is finally seeing inventory increase “as the rapid-fire market that has led to extreme bidding wars and lightning-fast sales slows a bit.” To be sure, looking at numbers from June 2018, the number of single-family homes “jumped an eye-popping 43 percent” while “condo inventory rocketed up 73 percent.” Neighborhoods such as Ballard/Green Lake/Greenwood and SODO/Beacon Hill doubled their inventory, while downtown Seattle condos saw a three-fold increase.

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