The diverse evenings, happenings and experiences in the Puget Sound are unlike any other. Discover what your city has to offer in the New Year, from the Boat Show and Children’s Film Festival in the Emerald City, to Winedown Wednesdays on Bainbridge Island.
Written by William Hillis, Research Editor & Broker, RSIR
Monthly price growth has been slowing, but not among Seattle condos
We might be seeing the equivalent of an end zone dance for Puget Sound home prices. Yet according to the August results of the CoreLogic Case Shiller index, continued slackening in the monthly rate of growth is far from cutting Seattle’s year-long lead nationwide, and Seattle condominium prices have sustained their upward momentum.
Seattle has made seemingly endless headlines in recent months for its impressive housing market, and it seems no end is in sight as Seattle Times reports that the Emerald City has now maintained its position as the hottest market in the nation for 12 consecutive months. On top of boasting the largest home price gains of any other city, the Puget Sound also made headlines for 2018, as the annual “Emerging Trends in Real Estate” study ranked the city number one on its list, up from a fourth position in 2017.
William Hillis, Broker & Research Editor at Realogics Sotheby’s International Realty breaks down what this means for the future of Seattle and its surroundings.
Perhaps it’s living together in a place of such abundant beauty and economic opportunity that brings out so many competing ideas about what our city and the region should look like, how people should live and commute, and what powers government should exert. Together with ever-greater diversity, attitudes on these matters in Seattle and the Puget Sound are increasingly in conflict.
It may be autumn but the Seattle real estate market shows no signs of cooling with the fall temperatures, as the latest Case-Shiller home price index reveals that Seattle has sustained a staggering 13.5-percent growth year-over-year. As outlined by a recent report compiled by the FutureCast Forum, buyers are overwhelmingly looking at in-city and urban living options as Seattle continues to cement its reputation as a technologically global city on the rise. Though demand in The Emerald City remains strong, homeownership opportunities are few, as only 6.5-percent of the new deliveries in our current decade are or will be offered for sale, and just 43 resale units are currently listed on the NWMLS. Those looking for an elevated Seattle experience that embraces the “live, work, play” lifestyle are turning to the Four Seasons Private Residences, a collection of just 36 luxury residences perched above the iconic hotel.
Written by William Hillis, Research Editor with RSIR
Golf, the world’s foremost stick-and-ball game, will forever be associated with Scotland. Yet the Puget Sound offers a strong assortment of world-leading courses playable year-round in the region’s mild climate amidst scenic topography. A fjord system of valleys carved by glaciers, the bays and inlets of Puget Sound are not unlike the firths of Scotland. And more than any other popular sport, golf is a game in which—in every sense—the landscape comes into play.