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.”
Read MoreI am pleased to present a look at housing market trends for the second quarter of 2018, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
Read MoreAccording 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.
Read MoreIn a recent special external affairs report, The Counselors of Real Estate® highlighted the Top Ten Issues Affecting Real Estate™ for 2018 – 2019, with a look at five short-term trends and five long-term items the industry should be looking at in the coming months and years. Below, you’ll find an outline of the five most pertinent issues impacting real estate now.
Read MoreAs Puget Sound Business Journal reporter Marc Stiles recently tells readers, “if it looks like there are more construction cranes dotting the city of Seattle’s skyline, it’s because there are.” According to a report released in mid-July by Rider Levett Bucknall, “Seattle’s crane count increased from 45 to 65 from December through May,” which means “Seattle has more cranes than any other U.S. city for the third year in a row.”
Read MoreAfter years of planning, the Washington State Convention Center updates and construction are officially underway, as an 11-story addition will be added to “the sprawling cite of the Convention Place Station at the north portal of the downtown transit tunnel.” The $1.7 billion project is one of the biggest developments to be embarked upon in Seattle, and as Puget Sound Business Journal outlines, it is expected to “create up to 6,000 union construction jobs and hundreds of apprenticeships.”
Read MoreS&P CoreLogic Case Shiller recently released their Home Price Index for April 2018 and in news that won’t come as a shock to many, Seattle has now led the nation in home price growth for 20 months in a row, marking the second longest streak in the history of the entire index. At 13.1% year-over-year growth, the Emerald City showed impressive gains from March through April, with increases of 2.8 percent and 2.7 percent respectively, the first time the city has experienced back-to-back increases above 2.25 percent since May of 2013.
Read MoreA recent CNBC article turned to best-selling author and Shark Tank co-host Kevin O’Leary for his insight on the do’s and don’ts of debt, outlining top tips that will have your financial future looking more bright. As the feature describes, “Americans hold $8.88 trillion of mortgage debt, according to a February report from the Federal Reserve Bank of New York,” which marks “the largest type of household debt in the country.”
Read MoreThe Sotheby’s International Realty® brand’s YouTube channel reached an unprecedented milestone recently, as the brand became the first—and only—real estate company channel to have more than 100,000 subscribers. Along with leading the industry’s presence on YouTube, the Sotheby’s International Realty brand joins an elite group—out of 50 million channels on the platform, only 0.1% have reached 100k subscribers.
Read MoreA recent print edition of Puget Sound Business Journal had Realogics Sotheby’s International Realty (RSIR) in the spotlight, as the firm ranked seventh on the list of Top Residential Real Estate Firms in Washington State. Looking to 2017 residential home sales data, RSIR reported just over $1.5 billion in sales with an average sales price of $894,229.
Read More
