The diverse evenings, happenings and experiences in the Puget Sound are unlike any other. Discover what your city has to offer this February, from the Seattle Flower & Garden Show to Bainbridge Island’s Chilly Hilly and an unforgettable Lunar New Year Celebration in Bellevue.
Realogics Sotheby’s International Realty presents a look at the housing market trends for the fourth quarter of 2017, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
S&P/Case-Shiller’s Home Price Index for October 2017 showed the Seattle Metropolitan Area as remaining 12.7 percent higher than twelve months ago, and continuing to lead all Pacific Coast gateway cities as well as cities across the nation. However, this was the second straight month in which the Seattle index declined on a monthly basis, although by a shallower percentage (-0.07%) than the -0.28% seen in September. October’s decline appears to confirm the end of the historic 31-month streak of continuous price growth in the Puget Sound region, even while it retains its nationwide lead for a 14th consecutive month.
The condominium shortage is officially worse than it’s ever been in King County, as a lack of new construction and increasing demand continue in Seattle and the surrounding areas. As a recent Seattle Times article outlines, condo prices are rising even faster than single-family homes, with little relief in sight as developers continue to build apartments for rent rather than condominiums for sale. Looking at data from the past two decades, King County has averaged roughly 2,000 active condos on the market this time of year but now “it’s down to about 350, a record low.” Conditions have pushed the average sales price of a condominium up to just over $450,000, an increase of approximately $150,000 over three years.
In partnership with Esri, Puget Sound Business Journal ranked the wealthiest zip codes in Washington state, and found that Sammamish is now third, behind only Medina and Mercer Island at first and second, respectively. The report, which evaluated factors such as average net worth, median home prices and income, reveals that “the average net worth for Sammamish residents in 98074 increased by $60,000, reaching $1.67 million in 2016 from $1.61 million the year before.”
Realogics Sotheby’s International Realty (RSIR) presents a look at the housing market trends for the third quarter of 2017, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
The Hotshot Crew Challenge is finally here and more than 40 King County leaders have aligned with local fire departments to compete for the coveted title of “Hotshot Crew 2017” in the Medic One Foundation’s annual challenge. The contest, which runs from October 18th to 27th, will raise funds to support the training and education of 24 new Medic One paramedics in addition to much-needed life-saving equipment. This year, Realogics Sotheby’s International Realty (RSIR) is thrilled to share that our Owner and Vice President, Stacy Jones, is a co-chair of the event along with Stacy Lill, Founder and CEO of Cashmere Consulting. The “double Stacy” team is supporting the “Red Hot Redmond Hotshots.”