Category: Seattle Real Estate News
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Will Seattle’s Real Estate Market Pick Back Up?
Based on our observations, we are already beginning to see inventory diminishing. In the last quarter of 2018, we pushed to almost two months inventory level which over the last several years we had been sitting at just under one month’s supply. Because of this increase and combined with political uncertainty, prices stabilized last year…
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Are Seattle’s Home Prices Really Falling at the Fastest Rate in the U.S.? Here’s What We Think
On November 27, 2018, The Seattle Times published an article titled “Metro Seattle home prices falling at fastest rate in U.S.” Many homeowners and hopeful sellers started to panic after reading the alarming headline, and understandably so. But as usual, we have another perspective to throw into the mix. This article brings up several concerns…
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How Will Amazon HQ2 Play Out in Seattle’s Real Estate Market? Here’s What We Think
Back in September 2017, Amazon announced they would be selecting a new city for their HQ2. Since then, cities have submitted their proposals to Amazon, and in January 2018, Amazon narrowed it down to 20 cities. Now they’ve made their decision and the result is that the world as we know it is not going to…
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2019 Real Estate Market Predictions for Seattle
Well, I’m not bearish on Seattle’s market… nor am I bullish. But Seattle is facing some headwinds. It’s great if you are a buyer, but if you’ve been holding off on selling, you might want to pay close attention to our observations. First, I don’t think home prices are going down, but they are going…
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Seattle’s Next Job Rush Might Be Just Around The Corner In NE Seattle.
The University of Washington has become a world class college for a world class city. I’ve been in Seattle long enough to remember UW as (almost) a party school. A good school with about a million bars lining the college urban villages main drag. Today that is not true. UW has taken a much more…
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Why Has Seattle’s Real Estate Market Cooled? (& No, We’re Not Doomed!)
Beginning in May 2018, we noticed Seattle’s real estate market begin to shift. Homes started taking longer to sell, and once we reached August, people actually had to start reducing the prices of listed homes. In this Curbed article published on August 27, 2018, the author points out that “While lowering an asking price isn’t…
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Seattle’s Real Estate Market is Slowing Down (& That Means Big Opportunities for Buyers!)
We weren’t sure if it was because prices shot up like crazy during the winter, the local news was having an impact, etc. But as geopolitical factors become a bigger deal and as interest rates rise, it’s no wonder that buying in Seattle has slowed down. (Buying in California and New York has also slowed,…
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Is Seattle’s Real Estate Market Too Hot for Homebuyers?
Ian loves this saying, and this perfectly encapsulates what’s happening in Seattle’s real estate market right now. We can’t even count how many times we’ve heard people say they can’t buy a home in this market because they’re going to get beat up by cash offers. (In fact, real estate startups are even trying to…
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Our 7 Favorite Condo Buildings in Seattle (& Exactly Why We Love ‘Em!)
Well, to us, it all has to do with: location condition uniqueness and value. Of course, there are some really amazing buildings out there (with really amazing price tags…). For the purpose of this blog and sharing our favorite condo buildings, we are also adding in value as a factor. (We’ll write a blog post about…
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2018 Seattle Real Estate Market Reality Check
Every year during the winter in Seattle, the real estate market goes through a sort of “reset” period. It’s never completely clear as to what the real estate market will bring in the year ahead—during the winter months, all of the comparable sold homes we’re looking at are from the year before, and we need…