Seattle is number one in the eyes of mainland Chinese homebuyers exploring overseas investment in real estate. That’s according to Juwai.com, a popular home search site within China, and this finding is tracking with other data points according to local brokers that specialize in international homebuyers.
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In a recent feature covering the 2017 Zillow Group Report on Consumer Housing Trends, Puget Sound Business Journal debunks the millennial myth, as the survey, which polled a representative group of over 13,000, reveals that “42 percent of all buyers are looking to purchase their first home.”
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Recent data reveals that many of the tech companies opening offices in Washington state are engineering centers, as Geekwire’s tech tracker has now surpassed 100 locations in the Puget Sound alone.
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The Value of Downtown Seattle Condos Continue to Skyrocket, FutureCast Forum, Baidu to Open Seattle-Area Office, 5 Things to Eat & Drink in October
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The FutureCast panel was a fantastic and well-thought-out group of individuals that covered relevant industries that will impact the future of real estate. The market is constantly moving so it's important to step back from the day-to-day operations and analyze trends as best we can in order to predict the future.
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This past month, I joined a collective of the Realogics Sotheby’s International Realty leadership team and brokers at Inman Connect 2017, an event that brings thousands of top-producing real estate agents and brokers together with industry leaders and featured speakers. Held at the Hilton San Francisco Square, three members of Team RSIR were asked to speak on varying topics at the event, and we all enjoyed a week of learning and networking, bringing home lots of cutting edge tools and approaches to implement into our businesses.
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Given the walkability of the Seattle area and ride sharing options such as Uber, Lyft, ZipCar and Car2Go (among others) living without a car has become an increasingly viable option for downtown residents. Whether it’s a short $10 ride from Capitol Hill to Pike Place or paying the average $80 daily rate for a ZipCar, people living in the city are opting for options beyond owning their own car, and are loving the results.
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As we move into summer selling season, the Seattle real estate market shows no sign of slowing the rapid growth it has seen over the past few years. We are seeing an influx of new residents to the city, historically low inventory and a strong economy, which are bolstering a highly competitive housing market.
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Summer has officially arrived in Seattle, albeit a bit early. To celebrate, I would like to share some of my favorite spots around the city that you must check out this summer, from hidden hiking spots to the best happy hours around.
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House hunting can be an overwhelming process. Discount broker sites like Redfin or Zillow can be a helpful resource but tend to fall short in many ways. Licensed real estate agents provide personalized service and receive instant access to new listings through the Multiple Listing Service (MLS), but come at a cost. So, how do you best navigate the housing market?
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First there was the frozen yogurt craze (Pinkberry, Red Mango, Menchie's) followed by cupcakes (Cupcake Royale - now with a total of 6 shops), donuts (Mighty-Os, General Porpoise, Top Pot) and of course macarons (practically every pastry shop); but who ever thought of opening an eclair-only shop?
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A series of impressive milestones were reached recently at NEXUS as sales were reported on 300 of the 382 homes, while SKANSKA projects first occupancy in just 24 months. “We are making tremendous progress with both sales and construction,” said Michael Cannon, Sales Director of NEXUS. “It’s exciting to think we are less than two years away from moving into Seattle’s most iconic address.”
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Summer temperatures are heating up and so is demand for downtown Seattle condominiums. So why was there an 8.9-percent decrease in total absorption in downtown Seattle (NWMLS# 701) in May?
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