In exploring the year-over-year comparisons for 16 of the region’s distinct communities, we can see a major boost in seller activity, with sizable increases in inventory for most of the markets. Buyers were able to make their real estate moves with more options available to choose from than we saw in Q3-2023. As for sellers, price growth in most communities meant that their decision to list their homes paid off.
Read MoreWe are excited to present our Market Trends From Around the Sound report, examining insightful data from this year’s second quarter. Buyers continue to work through the obstacle of high interest rates, but as we see a shift in the market with both sellers and buyers accepting this new normal and choosing to achieve their goals now rather than later, we see more activity in both listings and purchases. Explore our year-to-year comparison of helpful data like median sales price, average days on market, and inventory levels for 16 distinct communities within the Puget Sound region.
Read MoreWater defines life in the Pacific Northwest. Nowhere is this more true than in western Washington, where urban lakes, Puget Sound, coastal shores, and idyllic islands entice the bold and beckon those who long for a respite. There is truly nothing like a piece of shoreline to call your own. With this in mind, Realogics Sotheby's International Realty presents the 2024 Waterfront Report to help inform the next steps on your selling or buying journey.
Read MoreIt’s a new year but our market is marked with similar obstacles as the previous year: high interest rates that continue to deter potential buyers and low levels of inventory. Before we proceed with the rest of the year and see the expected rebound with the spring sales season encouraging more activity, we’re looking back at the first quarter of 2024 with our Market Trends From Around the Sound report. Explore our year-to-year comparison of insightful data like median sales price, average days on market, and inventory levels for 16 distinct communities within the Puget Sound region.
Read MoreWhen investing in real estate, we want our homes to appreciate. Amid high interest rates and a slow-growth economic picture, ensuring your investment is wise is more important than ever. Each quarter, Realogics Sotheby’s International Realty looks back at key indicators of the real estate market across several communities and counties so that you can make an informed decision about the next step in your real estate journey. In some counties, we saw growth; in other communities, home prices continued to decline year over year, though none drastically fell. Explore these reports, and when you’re ready to have a conversation, reach out to us so you can work together to achieve your real estate goals.
Read MoreRealogics Sotheby’s International Realty has observed over two years of waterfront transactions, from January 2019 through March 2021 across Western Washington’s most sought-after destinations.
Read MoreThe year started hot for the real estate market. And the second quarter of 2021 continued these trends as low inventory, rising median home sales prices, and fleeting time on market put sellers in the driver’s seat.
Read MoreWhat does this year hold for the Eastside? 425Business spoke with local experts across several sectors to find out.
Read MoreAs we look back on a successful 2019, we are filled with extreme gratitude. We are so pleased to announce a 2019 sales volume of over $12.5 Million. 75 percent of our seller represented sales sold for full list price or above list price. Thank you to our wonderful clients for making such an amazing year possible. We are looking forward to a bright and prosperous 2020!
Read MoreRealogics Sotheby’s International Realty presents a look at the housing market trends for the third quarter of 2019, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
Read MoreStatistics 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.
Read MoreWashington State legislators implemented a new graduated Real Estate Excise Tax (REET), replacing the current 1.28 percent sales tax applied to all transactions with a variable rate based on a property’s value (a structure quite similar to that being followed in California). In response, Realogics Sotheby’s International Realty (RSIR) has launched WashingtonREET.com, a calculator to help home sellers navigate this new tax structure by displaying estimations of 2019 and 2020 taxes.
Read MoreIn March 2019, the Seattle City Council unanimously approved a measure called Mandatory Housing Affordability (MHA), which upzones 27 neighborhoods in the region. Mayor Jenny Durkan quickly signed the measure into law and it is set to go into effect on April 19th. MHA’s main objective is to add affordable housing to the city through the allowance of taller single-family and multi-family residential projects. In all, city official estimates indicate that MHA will, at a minimum, provide 6,000 new affordable homes for low-income residents.
Read MoreWashington state is among the strictest in the nation when it comes to new condominium development, which has largely deterred developers in recent years from building any new projects outside of apartments for rent. The reason? Developers don’t want to face costly lawsuits, which have become somewhat of a norm. As Sightline Institute reports, conventional wisdom states that “if you build condos, you’ll get sued.”
Read MoreOur local real estate market took some interesting turns in 2018, as the frenetic conditions of the first half of the year gave way to a more balanced environment in the third quarter. Data for the fourth quarter of 2018 has arrived, so before we turn our attention to the new year and what lies ahead, let’s take a look at the market trends that closed out 2018.
Read MoreAccording to an article published by Seattle Times, “The single-family zones that make up about 75 percent of Seattle’s residential land have accommodated just 5 percent of all new housing added in the city this decade,” this courtesy of a report recently released by the planning commission. The advisory report, which was eighteen months in the making, says mild changes could be made in areas that are predominantly single-family homes right now.
Read MoreNow that we are nearing the end of 2018, market experts are calculating what trends they think will dominate the industry in the coming year. Realtor.com® recently released their annual report and according to Forbes, we can expect rising mortgage rates to impact affordability, a slowing market, and rising home prices—albeit at a lesser rate than we’ve seen in recent years.
Read MoreThe shifting Seattle real estate market has grabbed headline after headline in recent months, with the Seattle Times making proclamations earlier this week that suggest Seattle’s home prices are dropping faster than any other metro area in the nation. Contrary to headlines, however, trendlines point to a much different outcome, indicating slowing—not lowering—home price growth, amidst rising inventory and typical seasonal trends for the region. So, what does this mean for homebuyers in the Emerald City?
Read MoreUntil recently, the Seattle real estate market headlines didn’t seem to change much, each remarking upon the area’s unprecedented home price growth and highly competitive climate for buyers. The past few months, however, have given way to a slightly different narrative, as increasing inventory and a less frenetic environment have pushed the market closer to a neutral one (though still decidedly in favor of sellers). Below we’ve outlined how these new market trends are playing out in the local real estate market with a look at Realogics Sotheby’s International Realty’s recently released market report for the third quarter of 2018.
Read MoreAs stated recently in a Realogics Sotheby’s International Realty (RSIR) blog, “The main cause of Seattle’s urban evolution is, first and foremost, that people want to live here.” That fact is reflected in the constant stream of people moving into the city. Earlier this year, The Seattle Times reported that Seattle grew 18.7 percent in the last decade, gaining 114,000 people and ranking as the fastest growing city in the nation. That growth is expected to continue through the next several decades; and by 2035 the expected population of Seattle will gain another 120,000 residents (and another 115,000 jobs).
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