DOWNTOWN SEATTLE CONDO UPDATE

DOWNTOWN SEATTLE CONDO UPDATE

The lack of available condominiums in downtown Seattle continues, especially at affordable price points. Currently, there are just 7 resale homes listed for sale on the NWMLS priced below $700,000, which is now the new median home price for resales after increasing a staggering 19% in November 2017 compared to the prior year. Though market conditions may seem daunting to potential buyers, market pundits say unit reservations and presales can offer much needed relief for those willing to plan ahead.

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MARKET TRENDS FROM AROUND THE SOUND: Q3-2017

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MARKET TRENDS FROM AROUND THE SOUND: Q3-2017

Dehlan Gwo and Realogics Sotheby’s International Realty (RSIR) presents a look at the housing market trends for the third quarter of 2017, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.

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YEAR-OVER-YEAR MEDIAN PRICE OF DOWNTOWN CONDOMINIUM RESALES SPIKED 27-PERCENT IN JULY

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YEAR-OVER-YEAR MEDIAN PRICE OF DOWNTOWN CONDOMINIUM RESALES SPIKED 27-PERCENT IN JULY

Lack of New Construction Inventory Trims Overall Absorption, Only 42 Resale Units Available

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SEATTLE PRICES CONTINUE TO LEAD NATION ACCORDING TO S&P CORELOGIC CASE-SHILLER INDEX

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SEATTLE PRICES CONTINUE TO LEAD NATION ACCORDING TO S&P CORELOGIC CASE-SHILLER INDEX

The Pacific Northwest area continues to set the pace with the Seattle metro area up 12.2 percent as of February 2017, bringing this trend to six months in a row at the top of the US index, and a sharp monthly increase of 1.91 percent.

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Warmly, Chinese Buyers "Survey the World Beyond the Seas"

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Warmly, Chinese Buyers "Survey the World Beyond the Seas"

Despite the current challenges to investors from Mainland China, the Puget Sound is growing in eminence as a destination for buyers around Chinese-speaking Asia.

2016 YEAR END MARKET SNAPSHOT – DOWNTOWN SEATTLE CONDOMINIUMS

2016 YEAR END MARKET SNAPSHOT – DOWNTOWN SEATTLE CONDOMINIUMS

The year 2016 established new benchmarks for median home prices throughout the region. This imbalance of supply and demand is felt most near urban job centers. With robust employment growth and mounting traffic congestion, demand for in-city lifestyles has never been higher.

Market Watch Q3 2016 – Downtown Seattle Condominiums

Market Watch Q3 2016 – Downtown Seattle Condominiums

The in-city housing market in our Emerald City has a split personality. Buy or rent, the message is the same – it’s going to cost more and more to live here. This fact is reigniting the debate between renting and homeownership and developers are listening.

Introducing the Market Report: 2015 Year in Review

Introducing the Market Report: 2015 Year in Review

The report touches on macroeconomic trends, the primary demand drivers influencing our regional real estate market in addition to micro markets that vary greatly from neighborhood to neighborhood.