Seattle Moving Trends
Seattle is on the move! With so many new tech companies moving into the Puget Sound region, prices are going up! Unfortunately there is simply not enough supply. This is great news for sellers, not so...
Blog
New Record For Home Listings in Puget Sound
Just two months ago Seattle had an absorption rate of one month, meaning that if no more listings hit the market in the Seattle area, all the properties would be sold within about a month. A balanced market is about a six-month absorption rat...
Seattle’s Real Estate Could Be Absorbed in 1 Month
Viaduct shut down, record traffic jams, more housing issues. Where will Seattle go from here? A recent piece in the local BizJournals stated that there are only 2,700 properties for sale in all of King County, where just a year ago there we...
Amazon Floor Space Almost Enough for Eight of Seattle’s Columbia Towers
Amazon’s Real estate director said in 2014 that by 2019, the company would occupy 10 million square feet of office space. But that number has since grown to over 12 million square feet by 2022, which is the same amount of space as 8 of our Co...
Apple May Be Expanding Offices in Seattle
The real estate industry is buzzing with rumors that Apple may be purchasing a large office space in Seattle. Apple recently invested $200 million on Turi, a Seattle startup company focusing on machine learning enterprise founded by a comp...
Best Neighborhoods in the Puget Sound
Greenwood
The New Ballard. This residential neighborhood is located just north of Phinney Ridge and Green Lake between I-5 and Crown Hill, close to the Puget Sound. It is distinctly a residential neighborhood and over the last two years ...
9 of the Hottest Seattle Neighborhoods Right Now
Hot real estate market, hot for buyers and renters and up and coming on job growth and entertainment, Seattle Magazine recently announced the 9 hottest neighborhoods in Seattle for 2016.
Let’s take a look at each one of these and why they ma...
Seattle is the #2 Hottest Housing Market in 2016
Zillow recently announced that Seattle made the top ten list of hottest real estate markets in 2016. Denver topped the list followed by Seattle, Dallas, Richmond VA, Boise, Ogden, UT, Salt Lake City, Omaha, Sacramento, and Portland. The ...
A Guide to Seattle Neighborhoods
As with any major Metropolitan city, there will be pockets of neighborhoods, communities and unique districts in and around the city itself. Seattle is no exception. From the eclectic and whimsical neighborhoods north of Seattle such as Ballard...
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 ...
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...
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...
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...
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 ...
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...
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...
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...
Silicon Refugees are Fueling Seattle’s Real Estate Increases
According to Zillow, one of the nations largest real estate analysts, Seattle homeowners should be prepared for a jump in their home values this year. With so many tech employees jumping ship in Silicon Valley, primarily dues to new satellite b...
The Seattle Area Boasts More Software Engineers Than San Francisco
According to Washington state’s top tech trade group, the Seattle and Puget Sound area as more software engineers than the San Francisco bay area. The Madrona Venture Group in addition to the Washington Technology Industry Association has rel...
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...
More Homes Doesn’t Necessarily Mean Lower Prices for Seattle Market
The good news in the Puget Sound real estate market is that buyers now have more homes and condominiums to choose from however the bad news is they may be competing against more buyers. Prices are continuing to climb which is surprising since w...
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 ...
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...
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 ...
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...
Chinese Developer to Invest in New Seattle Apartment Building
China’s largest home developer recently invested in a 43 story residential tower that is proposed near the Seattle space needle.
Located at 600 Wall St. in downtown Seattle, the California-based company Laconia Development proposed to...
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...
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...
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 ...
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...
Seattle’s Dexter Horton Building Sells to Hong Kong Company for $124.4M
The Dexter Horton Building, a landmark icon located in downtown Seattle was recently sold to Great Eagle Holdings Ltd. of Hong Kong for just over $124.4 million. Named for the founder of the first bank in Seattle, this 15-story building located...
Facebook’s Seattle Headquarters Move to Larger South Union Facility
With Facebook’s new move to South Lake Union it will more than quadruple its current Seattle office space. Facebook has agreed to rent 8 out of the 10 floors in the new Dexter Station building located at 1101 Dexter Ave. N. With over 280,00...
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 ...
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...
Salesforce to Expand to Bellevue Washington
Salesforce.com has recently announced it will be leasing a Bellevue office space and has proposed plans to double its local workforce. The San Francisco-based company will expand to the Seattle area creating one of the largest engineering ce...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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, ...
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, ...