Posts in Real Estate Trends
The Commercial Real Estate Industry Continues its Upward Trajectory

Commercial real estate—and its economic trajectory—was the topic of a recent forum at the REALTORS® Legislation Meetings & Trade Expo, and it made one thing clear: growth will continue in the marketplace. As the National Association of REALTORS® (NAR) outlines, a panel led by Dr. Lawrence Yun, chief economist of NAR, discussed “the economic forces shaping commercial real estate markets and how high-tech company expansions, such as Amazon, will have a significant effect on regions across the country.”

Read More
Features that Boost a Home’s Sales Price

When considering home renovation, it’s important to think not only about how added features will add value to daily life but also how they will impact your home’s value when it comes time to sell. MarketWatch recently put together a list of the top home features that boost a home’s value, both at the entry-level and top tier price points. Data was compiled by Zillow and utilized the listing descriptions, sold prices, and sales times for over 4.6 million home sales in 2017 and 2018.

Read More
Comprehensive Real Estate Market Update: 2018 Year in Review and 2019 Trends to Watch

Realogics Sotheby’s International Realty presents the 2018/2019 Market Report, a comprehensive look at the 2018 real estate market and a look ahead at 2019. The report includes a 2018 retrospective which explores the shifting real estate market, including increasing inventory, the fallout from Seattle’s adopted (and subsequently repealed) “head tax” and the outcome of Amazon HQ2, sustained political banter in the U.S. and abroad, the threat of interest rate hikes, a look at Seattle’s performance on the S&P CoreLogic Case-Shiller Home Price Index, and more.

Read More
Market Trends Around the Sound: Q1-2019

Data for the first quarter of 2019 has arrived and many of the fundamentals that marked the final quarter of 2018—such as mediating home price growth and an influx of inventory—continued into Q1-2019. The first quarter is an historically slower real estate sales season and while past years departed from seasonal trendlines, 2019 shifted back to it, with less sales, longer market times, and relatively steady year-over-year home prices.

Read More
Bosa Properties Moves Forward with Apartment Project Despite Overstock of Apartment Supply in Seattle

While an overstock in apartment supply might have signaled that the “apartment boom” in Seattle is over, Puget Sound Business Journal says it isn’t “over just yet.” This proclamation comes amidst an announcement from Bosa Properties that they will move forward with plans for a 41-story apartment tower at 2014 Fairview Avenue, located close to the Amazon headquarters at South Lake Union.

Read More
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.”

Read More
Belltown May Have a “Pop-Up Hotel” in its Future

he concept of “pop-up hotels” has been around for some time and is typically associated with the ice hotels that dot Scandinavia, Canada, and other countries each winter. But the notion of these “pop-ups” has been expanding recently, as Puget Sound Business Journal  reports that a new apartment tower in Belltown may soon be home to a temporary hotel.

Read More
Home Building Confidence Reaches Four-Month High

The National Association of Home Builders recently released their monthly confidence index and at 62, February 2019 marks the highest index in the past four months. The index may be broken down into a subset of categories, all of which show impressive gains, including sales conditions at 67, six-month expectations at 68 and buyer traffic at 48.

Read More