Statistics from the month of September 2019 are in! Take a look at North Seattle’s housing market trends. See how this particular market's current average sold price and price per square foot compare to last years.
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Statistics from the second quarter of 2019 are in and Realogics Sotheby’s International Realty has analyzed the data with a look at the housing market trends for the second quarter of 2019, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
News of Amazon selecting a home for HQ2 has been taking news headlines across the country by storm. Last September the e-commerce giant announced they would be choosing a city in North America to build HQ2, a campus that would be equivalent to Seattle. Fast forward 14 months and they’ve finally made a decision.
It comes as no surprise that Seattle’s real estate market is strong, showing very few signs of cooling anytime soon. In RSIR’s latest Quarterly Market Report, the numbers show that home prices—and pretty much everything else—continue to rise. One of the only aspects of the Seattle real estate market that is starting to level off is inventory.
The housing market in Seattle continues to thrive as we move through 2018. Data from the second quarter of the year was recently released, proving the local market to be a highly desirable region. Will this quarter's increased inventory be cause of relief for increasing sales prices? Discover trends from the Q2-2018 below.
As we continue to embark through 2018, we look back at the year in the review as a way to see trends within real estate and how we can better serve local communities. This year's market report offers insight into your local housing market.
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.
I am thrilled to bring you this week's event calendar! Your comprehensive guide, take a peek at what’s going on! From Valentine’s Day Weekend activities at Chihuly Garden + Glass and a brunch cruise taking off from Marina Park in Kirkland to performances of Love Letters on Bainbridge Island, here’s what’s happening around the sound:
Select Links Below to View Full Calendar of Events in Each Community
Bainbridge Island Events>>> ♦ Seattle Events >>> ♦ Eastside Events >>>
Fast Growing Global Real Estate Firm Outlines Growth Predictions and the Influence of Chinese Homebuyers in the Puget Sound Region
On February 1st, 425 Business Magazine (“425″) highlighted Realogics Sotheby’s International Realty(“RSIR”) in a print article and homepage feature entitled “Eastside Real Estate is Growing Up.” In the piece,Adam Worcester digs into the inevitable growth of the Puget Sound area, which RSIR’s President and CEO Dean Jones says is moving vertically.
In an article revolving around growth, Dean Jones says he believes density paired with the region’s mountains and water will result in more skyscrapers and a changing landscape with “pockets of density on the Eastside developing around rail stops: mixed-use high rises with residences, restaurants, and retail stores.” The cause? As the article describes, “Jones thinks the driving force behind new growth in our area will be a continued stream of Chinese real estate investment, both residential and commercial.”
In a comparative analysis, 425 outlined the market in Vancouver B.C with the help of Dean Jones’s father Trevor, who was a real estate agent when Chinese investment and immigration first came to that region. As he told 425, “Our real estate is what it is because of the Chinese. Nothing else.” And while the Puget Sound is similar to many other “gateway cities,” there are a few key differences: the availability of waterfront properties, top-rated schools, and relative affordability. Citing data provided by RSIR, 425 says that the affordability ratio in West Coast cities peaks in Vancouver at 10.36 and is at its lowest in Seattle at 7.83. That, along with EB-5 investment opportunities, is contributing to an influx of Chinese homebuyers.
RSIR has been a leader in connecting Chinese homebuyers to the Puget Sound for years. Most recently, the firm worked alongside Tiger Oak Publications to produce Seattle Luxury Living, a 92-page all-Mandarin magazine and built a custom WeChat App platform with adSage. Jones is also a community leader, serving on the Washington State China Relations Council and working closely alongside the firm’s affiliate in Beijing. Their efforts recently shone through in the Juwai.com Chinese-American Real Estate Report and in Palace Magazine’s addition of Seattle to its list of Top Markets Sought by Asian Homebuyers. The firm also produced a feature documentary entitled East Meets West, which outlines China’s influence on the real estate market in the Seattle area:
“The world economy has become a global transfer of wealth, Jones said, and Seattle is becoming a hub for wealth distribution. [President] Xi’s visit was a tipping point for Chinese investment. ‘It’s no longer a question of if it’s going to happen; it’s when,’ said Jones. ‘Wealth is moving here long term.'”