Posts tagged Seller's Market
Belltown/Downtown

Belltown and Downtown combined are, in multiple ways, unlike any other area of Seattle or the broader Puget Sound region. Firstly, the area is completely urbanized: there is no single-family housing left downtown. Secondly, this area is ground zero for the widely-discussed "Condominium Conundrum" in Seattle, where nearly all multifamily construction in recent years has been allocated for apartments. As a result, the number of downtown sales is historically low amidst the greatest run-up in home prices in the city's history.

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Central Seattle

This area comprises a diverse patchwork of both affluent and middle-income neighborhoods northeast of downtown. Some, including Madison Park, Denny Blaine, and Leschi, offer frontage on Lake Washington; but Capitol Hill and Madison Valley are also included. There were $998 million in single-family home sales in Central Seattle in 2017, at a median selling price of $877,000−13.2 percent higher than the 2016 annual median price of  $775,000. 

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West Seattle

In 2017, the number of single-family home  sales in West Seattle was exactly one more  than in 2016, respectively 1,671 to 1,670.  Note that some variance will be found among our West Seattle statistics and those obtained directly from the NWMLS.

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