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New Development Planned for Central Seattle by Vulcan

Promenade 23, a luxury property in Seattle’s Central District, was recently acquired by Vulcan Real Estate for further development. Purchased for $30.9 million, this high-profile complex on the east side of 23rd Ave South in Seattle will ...

by Mary Pong, February 26, 2016
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Handing money

Cash Buyers are King in the Luxury Market

Got some cash? You’re going to need it to compete. According to the Seattle Business Journal two-thirds of home buyers purchasing high-end homes in 2014 paid cash. Out of that number, 39% of buyers were from overseas and primarily China. Many...

by Mary Pong, January 22, 2016
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Eastside’s New Construction on the Rise

Eastside’s New Construction on the Rise

Construction is already underway in Issaquah on a more than $15 million single-family home development. Jazz Run, is the newest development on Seattle’s Eastside, hopefully easing the strain for the low inventory throughout the Puget Sound re...

by Mary Pong, February 10, 2016
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Puget Sound Home Buyers Could Break Even on a Home Purchase

According to a new report in the Seattle business Journal, Seattle homebuyers could break even on a home purchase in less than two years. According to the “ Breakeven Horizon” a study published by the Seattle online real estate com...

by Mary Pong, February 10, 2016
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19 Puget Sound High Schools Ranked Among Top 1500 in U.S.

The U.S. News & World Report recently came out with the rankings of the top high schools in the country and the Puget Sound had 19 on this last. Schools are ranked based on how well he prepare students for college and how academically students ...

by Mary Pong, September 16, 2016
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House prices

Homes Sales in Washington Now Higher Than Record Highs

2007 was the year of aggressive home sales but in 2015, those highs are no longer relevant. Last year alone there were over 88,000 homes sold resulting in an over 14% gain over 2014. According the Northwest Multiple Listing Service for the Puge...

by Mary Pong, January 22, 2016
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Bellevue Project to Include 176 New Homes

The old Haggen store located next to the Crossroads shopping center will be the site of a new 176 residential home development. The lack of new homes and developments is especially prominent on Seattle’s Eastside neighborhood in cities like B...

by Mary Pong, January 29, 2016
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Archstone

Bothell Apartments Increase 57% in Just Three Years

Avana 522, acquired by Greystar in 2012 for $91.3 million has recently been sold for $143.3 million, a 57% increase in just over three years. The property was acquired by Chicago-based LivCor Multifamily Asset Management from Greystar, currentl...

by Mary Pong, December 29, 2015
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Seattle Looks to Have a Boring 2016

The coming year will be very similar to the previous one, and that’s a good thing. Economists from Russell investments, Zillow Group and Community Attributes Inc. spoke at the annual Economic Development Council of Seattle and King County’s...

by Mary Pong, January 29, 2016
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Seattle Washington

King County is Top Place to Sell Your Home for Big Profit

In a recent article of the Puget Sound Business Journal, homeowners who sold their home in King County (Seattle) received an average of 48% gain over the original purchase price as of October 2015. This puts King County near the top of the ...

by Mary Pong, December 16, 2015
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Bidding Wars Are Rampant in Seattle – How You Can Compete

Bidding wars are back and Seattle is seeing a healthy portion of many of these wars due to low inventory and soaring home prices. According to local real estate agents and the MLS, 75% of homeowners received multiple offers on their listing...

by Mary Pong, June 13, 2016
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Facebook is Looking for More Space in Downtown Seattle

Seattle’s South Lake Union district is already busting at the seams with major headquarters and satellite sites from Amazon, Expedia, and Facebook, but now, Facebook is looking at even more office space in the Seattle area. According to a ...

by Mary Pong, September 24, 2016
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cap diploma

The Best-Educated Neighborhoods in Washington State

Based on ZIP Codes and the percentage of people with advanced degrees, the Puget Sound Business Journal has ranked the best-educated neighborhoods in Seattle, and they’re not all of the Seattle area either. Based on this criteria, Pullman act...

by Mary Pong, December 16, 2015
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The 98105 Seattle Zip Code is Country’s Hottest

Homes in 98105 usually sell within 21 days, which is 15 days faster than King County’s average and 9 days faster than the Seattle Metro average. The median price is $1,015,898, which is 243 percent higher than the Greater Seattle median price...

by Mary Pong, October 21, 2016
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The First 2-Story Whole Foods Market Coming to Capitol Hill

Starting mid 2016, a new 16 story Seattle apartment tower will feature the regions first to story Whole Foods Market. The project will feature over 265 apartment units on a half block lot on the border between First Hill and Capitol Hill, at th...

by Mary Pong, December 16, 2015
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US and China flags

The US Remains Top Choice for Chinese Property Investors

According to a recent article in Juwai.com, Chinese property investors are still finding the American dream alive and well. Many of these investors are focusing on California, Florida, New York, Texas, and Washington state as these are the ...

by Mary Pong, December 16, 2015
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Washington’s Most Expensive Cities to Buy a Home

Washington state may not be the most expensive state in the US but we do have one city that tops the list Of 25 Highest Priced Homes in the US. That city is Mercer Island. Research was collected on the average listing price of a four bedroom an...

by Mary Pong, November 17, 2015
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King County Median Home Price Up 7%

King County Median Home Price Up 7%

According to a recent article in the Seattle Times, King County’s median price of a single-family home was $480,000 for October 2015, which was 7.3% higher than just a year ago. Tight inventory, slow new home construction, and demand are ...

by Mary Pong, November 17, 2015
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Puget Sound’s Most Expensive Neighborhoods

The word is about the same across the country that home prices are increasing but some markets more predominant than others. In the Puget Sound  region the median home value is more than $500,000, however, still lower than many tech-centric ci...

by Mary Pong, November 2, 2015
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Regardless of Talks, Seattle is a Hot Real Estate Market

According to the S&P Case-Schiller 20 City Index, Seattle home prices rose faster than the national average in August 2015. The Seattle average increase .7% compared to the national average of just .1% across 20 major cities in the US and .4% n...

by Mary Pong, October 29, 2015
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The Cost of Living Near Top Seattle Companies

How Much Does it Cost to Live Near Amazon, Microsoft and Boeing in Seattle? The Puget Sound region is exploding with new businesses, company relocations and the housing market. Capitol Hill has been one of the most popular areas to rent an a...

by Mary Pong, October 29, 2015
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Seattle Magazine on Foreign Investments

The greater Seattle area is attractive to Chinese urbanites because it offers some things that can’t be bought in Beijing or Shanghai at any price: clean air and the room to breathe it—as well as land that you actually own. “Here in Wa...

by Mary Pong, March 10, 2015
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Seattle and the Eastside Surge to Record Highs

Only in places like Mercer Island, South Seattle and remote parts of Kirkland has the median home prices been stagnant, everywhere else around the Puget Sound region has increased tremendously and in some places 18% or more. Places like Bellevu...

by Mary Pong, July 28, 2017
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The Co-Working Company WeWork to Set up Office in Bellevue

WeWork, the global company which provides shared workspace and community for entrepreneurs and small businesses, has recently confirmed opening a large facility in Lincoln Square, Bellevue’s office high-rise. When it opens in 2017, this w...

by Mary Pong, October 26, 2016
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U Place at Union Bay – New condos at U Village

A new development is currently underway by University Village called U Place at Union Bay. This is a mixed-use condominium project comprised of small studio condominium units, a food court and restaurants on the first floor. This meets the need...

by Mary Pong, March 19, 2019
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Seattle to Have the Fastest Rising Rents in 2017

Predictions state the Seattle will have the fastest rising rents in the nation in 2017 According to a recent Zillow forecast, rents for apartment buildings are rising faster in Seattle than anywhere else in the country. According to predicti...

by Mary Pong, October 26, 2016
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57 Point Home-Moving Checklist

Tip #7: Clearly Label as You Pack It is hard enough to pack and transport everything you own from one home to another. Doing all of that and remembering what box everything is packed in is next to impossible. Clearly labeling your boxes a...

by Mary Pong, October 26, 2016
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Woodinville’s Newest Development

Construction is currently underway in Woodinville with a brand-new warehouse project at 15902 Woodinville Redmond Rd. located in the West Valley winery district. Panattoni Development has broke ground on a new development for the first time ...

by Mary Pong, November 14, 2016
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Seattle-downtown

Seattle’s 5 Hottest Neighborhoods for 2017

As 2016 comes to a close and we look towards 2017, there are some big changes on the Seattle skyline and throughout Seattle neighborhoods. Just this year alone there were over 65 major buildings under construction across the downtown Metro area...

by Mary Pong, November 18, 2016
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Park 12 – Bellevue’s Newest Townhouse Community

Bellevue’s newest condominium complex, Park 12, is already open for presales as of November, 2016. This new townhouse community is located near the highly anticipated Spring District neighborhood and is adjacent to a private, protected Park s...

by Mary Pong, November 30, 2016
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Seattle is Now the Hottest Real Estate Market in the Country

Fueled by the same thing that has run our area for the last 20 year, the tech industry is causing Seattle to be one of the hottest real estate markets in the country. Due to the tech boom and numerous technology-based businesses moving headquar...

by Mary Pong, November 30, 2016
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Out of State Buyers Snatching Up Bellevue Property

For the second time in a week, out-of-state buyers have purchased large, downtown office buildings in Bellevue. The Houston-based Lionstone Investments partnered with the Seattle-based business Talon Private Capital to purchase a seven-story at...

by Mary Pong, November 30, 2016
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Lots of New Apartments in Seattle But No Space for Parking

More and more new apartment buildings are featuring homes that do not include a parking space. Only about half of new rentals in downtown offer a parking stall. It used to be that each apartment featured one parking space per unit but now, ...

by Mary Pong, December 19, 2016
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Rising Interest Rates Prompt Seattlites to Buy

There was a 30% rise in home sales across the Puget Sound region in November 2016 as many homebuyers quickly hurry to lock in their interest rates before the new year. We have enjoyed historically low-interest rates for the last several years, ...

by Mary Pong, December 29, 2016
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2017 Could Be the Best Year to Invest in Real Estate

If you have been on the fence about investing in real estate, 2017 could be your year. Diversifying your portfolio while creating passive income is one of the top reasons people get into real estate investing. According to a report from the Joi...

by Mary Pong, December 29, 2016
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Buyers Frustration Over Low Inventory and High Prices

Pending sales are up but new listings are down across the Puget Sound area. Listings with mutually accepted offers (pending) reach their highest levels in January 2017 since back in 2005. This continues to repeat the same story that we’ve ...

by Mary Pong, January 30, 2017
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What Are the Largest Tech Employers in Washington State?

Tech companies are a dime a dozen in the Puget Sound region and many have more than 100 employees but only one has plans to add an additional 100,000 jobs by 2018. Amazon has plans to increase its workforce by 30% by mid-2018. Jeff Bezos, Amazo...

by Mary Pong, March 1, 2017
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Financial Benefits of Home Ownership

There are many benefits to home ownership. Many of the benefits of home ownership are tied into finances even benefitting owners at tax time. Here are some of the financial benefits home ownership can bring. Ownership Makes You Money ...

by Mary Pong, March 8, 2017
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Zillow May Be Overestimating the Value of Your Home

Zillow May Be Overestimating the Value of Your Home and the Accuracy of the “Zestimate” Buying and selling a home is arguably one of the biggest decisions you’ll ever make. Find the right home then sell and hope you gain more at the sa...

by Mary Pong, March 8, 2017
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Amazon May Have Plans for a 5th Building in Downtown Seattle

Amazon paid $19.2 million for two adjacent properties in the Denny Triangle neighborhood with potential plans of building a fifth downtown high-rise tower. These two properties take up one-half block on the west side of seventh Avenue between B...

by Mary Pong, March 9, 2017
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How to Choose Between Two Perfect Homes

So you’ve been to some open houses, gone on some tours, and now find yourself in an unusual dilemma: two houses that seem perfect for you. In a way, it’s a good problem to have — better to have multiple options than none, right? But it ca...

by Mary Pong, March 15, 2017
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Benefits of a Traditional Broker Over a Discount One

Everyone wants a discount. Obviously. But is cheaper always better? If you’ve lived long enough to know that that is not the case you might be doing a little more savvy shopping these days, especially when it comes to looking for a real estat...

by Mary Pong, July 28, 2017
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Some of Washington’s Largest Tech Employers

It’s no surprise that Washington state has more tech employers than just about any other state in the nation. Dozens of tech companies in Washington state break the 100+ employee mark and Amazon plans to add another 100,000 jobs to that numbe...

by Mary Pong, July 28, 2017
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