Seattle remains to have one of the hottest real estate markets in the country. As 2017 closed, so did the highest median home prices in the city’s history. With the end of the first month of 2018, we are now able to look at what might happen through the year with median prices as we compare the first month of this year with January 2017.
Cryptocurrency strikes again! Bitcoin has been making headlines for being the means for real estate purchases across the country. This time cryptocurrency dipped into the local housing market in the sale of a home in Tukwila.
Being a first-time homebuyer can cause a lot of stress – but it doesn’t have to! Seattle Times has tips to avoid any of your homebuying fears by becoming an educated buyer. If you are prepared before looking at houses and surround yourself with professionals the process can be an enjoyable experience which will blossom into a fond memory.
Affordable housing is defined by Seattle’s government as housing that “costs no more that 30% of a household’s income”. While the number of units available that meet this guideline shrink, local government is seeking to change zoning regulations in hopes of increasing housing opportunities that will be affordable.
Seattle is known for many things. One of which is its ability to include a vast array of people in one, unique city. A new generation of art-loving, out of the box thinkers are here and are affecting the housing market within our wonderful city. Who are they? Hipsters.
We live in a world that is dominated by technology. One of the concepts that has come to life from the tech industry is digital currency. Many have disregarded Bitcoin and fail to acknowledge it, yet it continues to find its way onto the main stage when it comes to currency.
It comes as no surprise that the tech industry is booming in Seattle. Many companies have chosen to call the area ‘home’ causing there to be a shortage in homes for sale.
Secluded and surrounded by natural beauty, Magnolia is one of Seattle’s oldest and largest neighborhoods, offering a small-town feel within the big city. Only accessible by three bridges, the quaint and quiet community sits just northwest of downtown on a hilly coastal peninsula. Home to Discovery Park, a thriving commercial district, family-friendly activities, and incredible outdoor amenities, Magnolia continues to attract new residents, locals, and tourists to enjoy its myriad offerings and lifestyle.
With real estate prices in the Seattle market as high as they are, the options for buying something that needs some work might be worth considering. Last week, an article titled, "No escape for priced-out Seattleites: Home prices set record for an hour's drive in every direction" was published in The Seattle Times.
The city of Seattle is brimming with fantastic bars, restaurants, locally-owned boutiques, and free public spaces. Whenever someone asks for recommendations on what to see/eat/do I always have to ask them first, “how much time do you have?” One of my favorite areas of town is the Ballard neighborhood.
One of the first pieces of advice I give to those interested in buying a home is that you shouldn't make any big purchases and watch how you're spending in regards to credit. More specifically, don't do anything that may affect your credit score. So, no late payments, no adding to current debts, and no closing of credit lines (because creditors like to see a long and varied history).
Realogics Sotheby’s International Realty has recently released their 2016/2017 Market Report which examines the year-over-year performance of 24 markets that the brokerage serves, factors that have affected the Western Washington housing market this past year, and insight on where the market is heading in 2017.
A recent report from London based realty company Nested has identified Seattle as having the fifth highest rents in the nation with an estimated per square foot cost of $3.07 and an average monthly rent, for a single person, costing $1,288.76.
With 2017 now in full swing, Forbes has released their 2017 list of the best cities for property investment.