Another year has passed, as have many pivotal milestones for Realogics Sotheby’s International Realty (RSIR), our brand and the local housing market that we serve. After meteoric home price growth in the region throughout 2016 and 2017, the market began to shift in 2018.
Spring is here and with it, we have officially entered the busiest sales season of the year in Puget Sound real estate. In preparation of the spur in activity, Seattle Times asked a question on many minds: are we in for another brutal spring for buyers? The short answer, according to the Times, Maybe not.
After eighteen months of research, a volunteer led commission released an advisory report on December 3rd, which indicates that changing single-family zoning in the city is integral to improving affordability. The commission is comprised of sixteen members, many of whom are professionals in land-use, from urban planners to architects and builders.
The Puget Sound is a wonderful place to live for many reasons and Reader’s Digest recently took note of one Eastside city that offers community charm and considerable kindness. Bothell, Washington is a suburb of Seattle, located at the Northernmost tip of the Eastside Corridor. It offers a small-town feel with a welcoming spirit, even after recent growth, and was the recent runner-up on Reader’s Digest “Nicest Places in America”.
Realogics Sotheby’s International Realty’s new Quarterly Market Report outlines the latest real estate trends and what to look out for in Seattle and on the Eastside. While we approach a more balanced market for housing inventory, home prices continue to gradually rise for our region.
Being a homeowner is one of the most prideful achievements in life. It also comes with a lot of tasks, including maintenance. Checking on the well-being of your home, both inside and out, is one of the simplest ways to prevent emergency fixes to big ticket items, like plumbing, security, heating and cooling. It will also aide in keeping up curb appeal. By performing maintenance at the turning of each season, you can make sure that you beloved home is cared for on a regular basis.
Seattle's housing market has dominated the country for nearly two years. The latest S&P Corelogic Case-Shiller Index revealed that Seattle's run on top has come to an end. Some speculate that the market is slowing down and a crash is on the horizon, but data in the report proves Seattle's strength.
The local real estate market continues to receive attention for its bustling pace. New data from the S&P Case-Shiller Home Price Index revealed that home price growth was once again the highest within Seattle than in any other market. A recent Seattle Times article offers a look at the region’s impressive momentum.
The real estate market across the nation continues to accelerate, with a continuous cycle of higher home prices and lower inventory. A recent Curbed article has taken a notice of these recent patterns and the increased pressure of purchasing a home around Puget Sound. While prospective buyers navigate rough waters, home sellers are finding that their homes are selling quick, often with multiple offers.
I'm pleased to share with you a glimpse of the first quarter of 2018 around the sound. Seattle has been picking up steam as it continues its reign as the hottest market in the country. Home values have progressed upwards while inventory dwindles. See what has happened within your community.
Real estate knows no bounds and it can feel overwhelming when trying to decide which kind of property is right for you. One challenge that many homeowners face is knowing when the time is right to downsize. CNBC recently reported on the topic and offers advice on when you should make your move.
The idea of “Spring Cleaning” is one that many people have come to know. Preparing your home for the dawn of a new season is a great way to make sure that you are providing proper maintenance. Homes are often the largest purchase that people make in their lifetime, and taking care of your home is a rewarding process. These must-do’s will help guide you from Winter to Spring.
Seattle real estate in 2017 has set the local market on fire. The sublime combination of an influx of buyers entering the greater Seattle area mixed with a lack of inventory within city limits has been cause of the perfect storm for Seattle based sellers. As the city continues to grow and buyers seek properties in the outer regions of the area, the growth in local real estate will prove to be interesting as we progress through 2018.
I recently took one of the most unbelievable trips, visiting Dubai, Singapore, Hong Kong, Melbourne, Sydney, Queenstown and Keri Keri in New Zealand. When I travel, I stop by the Sotheby's International Realty® offices to engage with brokers in other parts of the world.
Investing in real estate may sound overwhelming but in reality it can be a great way to spend money and invest in your future. According to a recent Seattle Times article, over two-thirds of Americans believe that real estate investment is too expensive and not attainable for their daily lives. However, if you are willing to do research about the types of investment opportunities it is likely that you will find a way to invest without feeling intimidated.
If you are looking to spruce up the front of your house with fall décor, this is the blog for you! There are many ways to breathe new life into your entryway, from pumpkins to planters. There are ideas for fall decorations all over the internet and I would like to share a few of my favorites.
By now it is no secret that Amazon is dominating Seattle’s job market. With the expansive number of jobs that the company has brought into the city, there has been great influence on the local economy. One of the most noticeable changes Amazon has made is in the local housing market.
The American Dream is alive and well! The United States is the most desirable country for those who want to move abroad with their families. While Los Angeles is ranked the number one city for the wealthy Chinese to move, Seattle takes second place.
A hush fell as Mansion Globalreaders were treated to the “Secret of the San Juans.” In a celebration of the beloved archipelago, Nancy Keates highlights the San Juans most recent achievement as “the hottest luxury real-estate market in the country,” and discusses that the area’s growth “has been fueled in recent years by an influx of high-tech companies to Seattle, where soaring home prices make the San Juans look like a bargain.”
Changes to regulations coming through China have foreign investors seeking investments outside of their market as quickly as possible. The U.S. residential property market has absorbed a substantial amount of Chinese investments in the past few years and will continue to be a favorable asset, states a recent article in Mansion Global.
Tax season is upon us again and for many this means deciding on what to do with their return. Choosing to put that new-found cash towards a vacation, paying off debt, and home renovations are repeatedly the top contenders. If you’re going the renovations and house repair route, Martha Stewart has some words of advice for you.
Wealth-X has recently released their 2015-16 Billionaire Census, a comprehensive study on the global billionaire population, including insight into the assets, lifestyle, motivations, and social networks of the world’s wealthiest individuals.