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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’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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The World’s Most Extreme Rental Hikes Could be in Seattle

Seattle is the fastest growing big city in the country right now, which means land prices, building costs and rental prices are out of control. Warehouse rents are skyrocketing faster than anything around the Puget Sound according to a report b...

by Mary Pong, September 25, 2017
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Bellevue’s First Condo Project in Over a Decade

Bellevue will be getting its first condo development in over a decade. Set to be completed in 2019, One88 is Bellevue’s first condo project since the housing crash. Vancouver BC based Bosa Development, also responsible for Seattle’s Insi...

by Mary Pong, October 11, 2017
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GIX to Establish a Physical Presence in the U.S.

And it’s Bellevue! The Global Innovation Exchange, or GIX, has established for the first time a Chinese research university’s physical presence in the United States. This new graduate Institute in Bellevue, run by the University of Washi...

by Mary Pong, October 13, 2017
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Selling Your Home in a Market of Millennial Buyers

The millennial generation makes up most of the buyers in the real estate market currently. Knowing what appeals to the millennial generation where home buying is concerned is a very smart move for anyone looking to sell or even to rent a home i...

by Mary Pong, March 8, 2017
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What Will 2018 Look Like in the Real Estate World?

Emerging Trends in Real Estate is one of the most highly regarded annual industry outlooks for the real estate world and is now in its 39th year. The market looks towards 2018, providing a regional snapshot in all 78 major markets across the co...

by Mary Pong, December 4, 2017
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Is Seattle in a Housing Bubble?

Times are different. We are not in a recession and we’re not in a housing bubble; this is really the way things are and prices are booming…according to Matthew Gardner, a local economist. The dynamics that led to the last housing co...

by Mary Pong, December 4, 2017
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How to Take Care of Floors in the Winter

Winter weather is wet weather. In Western Washington that can be anything from rain, to snow, to a mix. This wet and harsh weather gets tracked in on the floor from the bottom of shoes creating a nice mess that will have you feel like you spend...

by Mary Pong, March 18, 2018
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Compass Realty to Acquire Pacific Union Real Estate

Compass, a real estate company based in New York created in 2012, is working on closing a buyout deal with Pacific Union International Realty. This brokerage is one of the largest on the West Coast with sales reaching $14 billion last year.  ...

by Mary Pong, September 27, 2018
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Facebook to “Add” Bellevue to Its Friend List

Bellevue is home to many large tech companies and they could be adding one more to their collection. According to anonymous sources, seeking to protect their business relationships, Facebook is looking to expand on the Eastside and is lookin...

by Mary Pong, September 25, 2018
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Buying and Selling Luxury Homes in Seattle and Bellevue

Seattle is booming, Bellevue is growing, and the housing prices continue to rise as more people move to the city. All the more reason to hire a seasoned real estate professional who knows the area when selling your luxury home. Article by Mary...

by Mary Pong, September 9, 2018
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China’s Real Estate Agents Love Seattle – Here’s Why

The China Alliance of Real Estate Agencies toured the Seattle area in November 2017. This membership is responsible for about 60% of home sales in China and they love the Seattle area and explain why foreign home buying is surging in this reg...

by Mary Pong, November 20, 2017
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Seattle is the 2018 Top Real Estate Market

The Seattle and Bellevue real estate markets are expected to be the nation’s top performers in 2018, according to the Emerging Trends in Real Estate Report by the Urban Land Institute and PwC (a nonprofit education and research institute....

by Mary Pong, November 2, 2017
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Seattle Home Prices Practically Double Other U.S. Cities

Seattle’s real estate is one of the hottest markets in the nation. Seattle is leading the country in home price increases and we’ve almost doubled our home price growth over any other US city just in the last 11 months. Seattle’s hom...

by Mary Pong, October 25, 2017
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