Our local real estate market took some interesting turns in 2018, as the frenetic conditions of the first half of the year gave way to a more balanced environment in the third quarter. Data for the fourth quarter of 2018 has arrived, so before we turn our attention to the new year and what lies ahead, let’s take a look at the market trends that closed out 2018.
Read MoreUntil recently, the Seattle real estate market headlines didn’t seem to change much, each remarking upon the area’s unprecedented home price growth and highly competitive climate for buyers. The past few months, however, have given way to a slightly different narrative, as increasing inventory and a less frenetic environment have pushed the market closer to a neutral one (though still decidedly in favor of sellers). Below we’ve outlined how these new market trends are playing out in the local real estate market with a look at Realogics Sotheby’s International Realty’s recently released market report for the third quarter of 2018.
Read MoreAs stated recently in a Realogics Sotheby’s International Realty (RSIR) blog, “The main cause of Seattle’s urban evolution is, first and foremost, that people want to live here.” That fact is reflected in the constant stream of people moving into the city. Earlier this year, The Seattle Times reported that Seattle grew 18.7 percent in the last decade, gaining 114,000 people and ranking as the fastest growing city in the nation. That growth is expected to continue through the next several decades; and by 2035 the expected population of Seattle will gain another 120,000 residents (and another 115,000 jobs).
Read MoreThe record high housing prices in Seattle have been in the news for over a year and a half now. "Seattle's median home price of $830,000 is up 14 percent from a year ago and sets a record after holding steady at the previous high of $819,000 in March and April" states The Seattle Times. Despite new and increased inventory in May, single-family home prices continued to increase further, still - arriving at the current $830,000 median.
Read MoreRealogics Sotheby’s International Realty presents a look at the housing market trends for the fourth quarter of 2017 throughout the Puget Sound region.
Read MoreIt's no secret that the Seattle-Metro area housing market has been at, or near, the top of the nation's list for some time now (13 months to be exact). However, as typical with the winter months, that trend seems to be slipping just a bit
Read MoreCelebrate 71 years of “handmade excellence and supporting national designers, artists, and craftspeople” with the Bellevue Arts Museum ARTSfair starting Friday July 28th through Sunday July 30th. The busy Bellevue streets will be closed as art admirers, collectors, and anyone with an interest in art gathers to view local and national artists behind the Bellevue Mall.
Read MoreNot quite as synonymous with wine as Sonoma County, the Woodinville area still packs a punch in the vino business. With as many events in the month of March as there are varietals, there is surely something for all types of wine-lovers to enjoy. Thanks to 425 Magazine, they’re all neatly arranged so you can plan accordingly.
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