Category: How’s the Market?

SEATTLE HOME PRICES DROP AS MARKET CONTINUES TO COOL

SEATTLE HOME PRICES DROP AS MARKET CONTINUES TO COOL

According to a Seattle Times article, home prices around the Seattle area are starting to drop as the market begins to show signs of a cool down. It is said the average home price across King County fell $30,000 in August compared to the previous month and recent data shows there has been a steady decline over a 3-month period. There has also ...

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DID YOUR PROPERTY TAXES INCREASE?

DID YOUR PROPERTY TAXES INCREASE?

Here’s what you can do:  The county Assessor reevaluates property values each year, notifying owners of the assessed value by mail. If an owner believes the new assessed value exceeds the fair market value of the home, there’s an opportunity to appeal.  Petitions must be received on or before July 1st of the assessment year or ...

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Is Amazon responsible for Seattle’s housing cooldown?

Is Amazon responsible for Seattle’s housing cooldown?

It is believed that increased hiring among tech giants around the Seattle area in the recent years has been the primary cause of the real estate market skyrocketing around the area. With more people moving into Seattle, the demand for housing has increased, which has in turn affected home prices. Having said that, it has been reported that ...

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Seattle Named Best Large City to Live

Seattle Named Best Large City to Live

A recent study by WalletHub suggests that Seattle is the ‘Best Large City to Live In’. The financial website suggests that Seattle defeated 61 other cities after being ranked on five key dimensions, such as Affordability, Economy, Education & Health, Quality of Life, and Safety. The city edged out Virginia Beach and Austin to take the ...

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Are we heading for a slow down?

Are we heading for a slow down?

According to an article at SeattleTimes.com titled “Nation’s housing market may be headed for biggest slowdown in years“, the crazed seller’s market we’ve been experiencing is starting to soften – which is great news for buyers! Nationwide and locally, we’re seeing inventory growing, prices increasing at a ...

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Home Prices Hit New Record Highs

Home Prices Hit New Record Highs

Once again, the Puget Sound housing market is setting new records, according to this article from The Seattle Times. In February, the median price of single-family homes in the city jumped to a new all time high of $777,000 – up $20,000 from January’s record setting prices. In fact, every county in the Puget Sound region saw home prices ...

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Seattle’s Million Dollar Homes

Seattle’s Million Dollar Homes

According to an article on SeattleTimes.com, nearly 1 in every 5 or 6 homes in King County sold for $1 million or more in 2017 – which is up 71% from 2016 where only 1 in every 10 sales were seven figure transactions. Across the nation, the Seattle area has the ninth highest share of million-plus dollar home sales and we’re seeing ...

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Housing Inventory is Increasingly Tight

Housing Inventory is Increasingly Tight

According to a recent article at King5.com, housing inventory in Seattle continues to drop, and experts predicts that we’ll see 20.1% fewer homes on the market in 2018 than we did in 2017. The median home price last year increased 12.5% to $468,000, with more than half of the homes listed for sale going to more than the list price. And ...

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Seattle Home Prices to Rise in 2018

Seattle Home Prices to Rise in 2018

According to a post at Curbed.com, Zillow has predicted the nation’s hottest housing markets for 2018 and Seattle is third on the list – behind only San Jose, California and Raleigh, North Carolina. To determine which cities would make the list, Zillow looked at factors like unemployment rates, home values and rents, income ...

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Seattle Home Prices Up 12.7%

Seattle Home Prices Up 12.7%

According to an article* at komonews.com, home prices in Seattle are up 12.7% from October 2015, boasting the strongest gains in the country. Across the U.S., home prices rose 6.2% overall in 2017 and “Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index stood in October a solid 6 ...

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