Are rents dropping in Seattle? Yes and No
We’ve known it was coming. It has been impossible to miss the towering cranes while driving through Seattle on I5, and the apartment construction boom has been well documented. We knew it was just a matter of time until the buildings would be completed and the area flooded with new rental options. Today’s headline in the Seattle times from Business Reporter Mike Rosenberg, “Seattle renters score big as landlords dangle freebies to fill empty apartments,” illustrates the glut
Economist warns of big changes in late 2019 that could affect Greater Seattle real estate
Last week, I had the pleasure of getting to see a presentation from nationally acclaimed economist, Elliot Eisenberg, which was quite educational and extremely enjoyable. Dr. Eisenberg began with some background on the current economic conditions and examples of how the economy is thriving, referencing key economic indicators as well as some fun indicators of a thriving economy - like how RV sales are through the roof. That being said, Dr. Eisenberg said the economy should t
Taking a Ferry in Seattle
Washington and the Greater Seattle area is a geographically rich and diverse area, with mountains, desert, rain forests, rivers and oceans all within reach. Thanks to the Washington State Ferry System, not only is the Olympic Peninsula just a boat ride away (instead of a traffic slowed drive south around Tacoma), but there are seven Puget Sound and Canadian islands to explore via foot, bike, motorcycle, or car. Taking a ferry in Seattle makes for a great day trip, and I've co
More homeowners are selling their homes, as new listings in Seattle hits 8 year high
With an eye routinely affixed to the data, I've been on the lookout for any potential shifts in a Greater Seattle real estate market that has felt like 'more of the same' for quite some time. For years, the story has revolved around a lack of inventory, strong demand, and surging prices. Well, there's something new and different this month. Last month, Seattle real estate had the most new listings hit the market in over 8 years. In King County, it was the most new listings in
Are the Winds Dying Down for Seattle Real Estate?
Seattle real estate just experienced a three month stretch where the amount of single family homes for sale surpassed the year prior. During that same stretch, the amount of pending sales stagnated or dropped compared to the year prior. In King County, both April and May had more active inventory compared to 2017. Most recently in May, the amount of King County pending sales of single family homes grew 3.15% compared to 2017. However, in Seattle, the amount of pending sales
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