Posts in Market Report
Waterfront Report 2018/2019

Summer is just around the corner and with that, comes waterfront season. RSIR has released a comprehensive analysis of 15 months of waterfront sales, from January 2018 through March 2019.

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2018/2019 Market Trends: Annual Stats & a Look at the Year Ahead

We are thrilled to share a review of 2018 market activity in the Puget Sound presented by Realogics Sotheby’s International Realty. Our acclaimed Research Editor and Data Analyst, William Hillis, has assembled an excellent year-over-year review of eight key counties in Western Washington along with data for 31 communities.

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Contrary to Headlines, Data Show Seattle Home Prices Are Not Lower, Just Slower Growing

In the wake of the latest S&P Case-Shiller Home Price Index, which reflects sales data from September 2018, Seattle Times and other local media outlets proclaimed that residential home prices in the Seattle Metropolitan Area are rapidly declining. We elect, however, to keep an eye on the trendlines rather than the headlines, and are delving deeply into how the Index is computed and comparing its results with data obtained from the Northwest Multiple Listing Service (NWMLS).

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New Quarterly Market Report Details State of Seattle and Eastside Real Estate

As droves of people flock to Seattle and the Eastside, local real estate continues to sizzle while showing some hints of cooling down. Realogics Sotheby’s International Realty’s latest market report details 2018’s third quarter trends for these two fast-growing regions.

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Life at the Water’s Edge: Waterfront Trends 2018

Realogics Sotheby’s International Realty recently released waterfront stats from around the Sound, revealing what’s been happening around the Sound since the start of 2018. Here, we have a look at the latest statistics from Seattle, where things are heating up on the water.

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Increasing Inventory Contributes to a Slowdown in Seattle-Area Home Price Growth

After nearly a decade of declining inventory in the Seattle area, The Seattle Times reports that the number of homes for sale “is finally starting to rise — and in a big way — as the rapid-fire market that has led to extreme bidding wars and lightning-fast sales slows a bit.” Referencing a report released by the Northwest Multiple Listing Service, the Times says that the number of single-family homes increased by 43-percent in June 2018 compared to this same time last year, while condo inventory skyrocketed by 73-percent.

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2017/2018 Market Trends: Annual Stats & a Look at the Year Ahead

We are thrilled to share a review of 2017 market activity in the Puget Sound presented by Realogics Sotheby’s International Realty. Our acclaimed Research Editor and Data Analyst, William Hillis, has assembled an excellent year-over-year review of eight key counties in Western Washington along with data for 29 communities. In addition to providing in-depth market analysis, this year’s report includes a look at the effects of Chinese capital controls and Canada’s restrictions on foreign buyers, landmark sales on the Eastside, the “Condominium Conundrum,” and a timeline of Seattle’s performance on the S&P CoreLogic Case-Shiller Home Price Index. We offer the following key highlights from the reports, with a selection of trends to watch, as a conversation starter so we may discuss the impact on homes in your neighborhood.

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Housing Inventory in King County

Within the past few years, the inventory of housing for sale in western Washington has done a 180, returning to degrees of shortage not seen since the year 2005. The low housing inventory is most visible in the Greater Seattle area of King, Pierce, and Snohomish counties. Since January 2015, this region of central Puget Sound has remained a seller’s market. Housing inventories remained below four months for nearly the entire year.

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Seattle Relocation Patterns

In recent years, the Seattle area has attracted new residents in droves. The booming job market, nearby outdoor amenities, and relatively affordable cost of living has many considering our region the most desirable for relocation. Can you blame them? With Amazon and Microsoft  regularly making huge business moves (not to mention Starbucks, Facebook, Google, T-Mobile, Expedia, REI, Apple, etc) the job market is consistently flourishing.

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