Posts tagged Seattle
Seattle-Bellevue Market Update | June 2019

There is a nationwide phenomenon of home price gains slowing nationwide.  “Home price gains continued in a trend of broad-based moderation,” says Philip Murphy, Managing Director and Global Head of Index Governance at S&P Dow Jones Indices. “Year-over-year price gains remain positive in most cities, though at diminishing rates of change. Seattle is a notable exception, where the YOY change has decreased from 13.1% in April 2018 to 0.0% in April 2019.

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Dive into the 2019 Waterfront Report

Summer is the official time for waterfront living in the Puget Sound and Realogics Sotheby’s International Realty has put together an in-depth look of waterfront trends in 14 counties around Western Washington. RSIRWaterfront.com charts 15 months’ worth of data and includes average and median sales price trends, topographic maps of 27 areas and monthly sales activity.

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Expedia Employees will Descend Upon Seattle this Fall

Years after the official relocation announcement, Expedia’s move to Seattle is drawing ever closer, with some employees expected to start work in Interbay this fall. That figure will balloon to 4,500 employees by February 2020, when all Expedia workers are fully relocated. A large concern for Seattleites and commuters is the traffic impact, but as Seattle Times reports, the new office “will be an oasis for employees who want to avoid driving to work, offering private shuttles, plentiful bike amenities and cash for every day they don’t drive.” There is a parking structure for those that are committed to automobile use, which will accommodate 2,300 vehicles with room for expansion.

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Biotech is Coming to South Lake Union

The biotech presence in South Lake Union is set to grow, as Puget Sound Business Journal reports that Alexandria Real Estate Equities plans to construct an office and research building—with a $76.5 million price tag—at 1150 Eastlake Avenue East. The project will comprise 12 stories and 303,000 square feet and is one of four projects Alexandria is planning in the region.

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Real Estate Investors Target Innovation Economies

According to a recent study by JLL, real estate investors are putting their money into cities with strong technological economies: GeekWire reports that the study “finds a correlation between the real estate investment dollars spent in a community and the strength of its innovation economy.”

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Zillow Presents the Customer Service Award (Badge)

Back in March, I announced that Zillow had awarded me with the “Best in Customer Service” Award, an achievement given only to those with a score of 90 and above on Zillow and Trulia. Earlier this month, I was thrilled that Zillow presented me with the award in-person, an event that was published by Inman News on Instagram. I was one of only three agents that were personally awarded and at any one time, there are approximately 3,000 agents recognized with the Best of Zillow Badge. The award presentation came shortly after Zillow unveiled a comprehensive rebranding campaign, including a refreshed logo and new website design, and the addition of the word “Zillow” to the “Premier Agent” program.

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Onni Group Shares Images of Massive Project Coming to Bellevue Skyline

In February 2019, Onni Group made their first real estate purchase on the Eastside, with the acquisition of a four-acre site in downtown Bellevue—currently home to a church and Barnes & Noble store—for $116 million. On Thursday, March 14th, the company provided the first set of publicly available images for a large-scale mixed-use project it plans for the area, which, according to Puget Sound Business Journal, will comprise “three 600-foot-tall towers totaling 1,289 residences, 896,000 square feet of office space, 317 hotel suites and 2,318 underground parking stalls.”

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