Viewing entries tagged
Seattle

New Housing Report Reveals Prime Seller’s Market for Kitsap

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New Housing Report Reveals Prime Seller’s Market for Kitsap

A short ferry ride across Puget Sound, the Kitsap Peninsula and its adjacent islands offers waterfront homes; stunning city, sound, and mountain views; and an easy getaway to bucolic scenes westward toward Hood Canal and the Olympic Peninsula. 

And due to an increase in demand, real estate in Kitsap and the surrounding area is heating up. The new 2016/2017 Market Report, recently released by Realogics Sotheby’s International Realty, details the Puget Sound’s year-end real estate review and trends to keep an eye on. The results are clear: There’s a shortage of housing because of high demand — the lowest inventory the region has seen since 2005.

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The Seattle PI Says Seattle is among "The World's Most 'Future-Ready' Cities"

In a recent article published by the Seattle PI, Daniel Demay declares “Seattle among the World’s Most ‘Future-Ready’ Cities,” according to a report released by Dell. As Demay begins, “say what you will about the tech boom in Seattle – it’s good for having a future-ready economy” as it was ranked 13th among 50 cities around the world.

Referencing the release from Dell, the article reads, “‘We live in a digital age in which the power of innovation to transform our world is all around us,’ said Liz Matthews, Dell’s executive director for corporate brand and purpose, in the release. ‘The cities where we live are faced with new challenges every day, from supporting a growing population and building a thriving culture, to fueling economic opportunity for everyone.’”

Demay continues with an explanation of the study, describing that it “measures whether people had the right skills to drive social and economic change, whether the infrastructure was ready to support progress and whether the economy could help sustain innovation and growth.”

Among the highlights? Education, “with 92 percent of adults holding a high school diploma and 23 percent having earned a master’s degree or higher” in addition to “internet access, with 88 percent internet adoption, putting it sixth in the world and No. 3 among large U.S. cities.”

Given that the Daily Journal of Commerce reported last December that Seattle’s population could surpass San Francisco’s by 2040 and that there are exciting new projects in the pipeline including NEXUS, recently announced by The Burrard Group, preparing for growth in the Emerald City is increasingly important and it feels good knowing that Seattle ranks well among the most renowned cities worldwide.

Read the Full Report Released by Dell >>

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Did You Know that May is the Best Time to List a Home?

In a recent Puget Sound Business Journal article, Emily Parkhurst declares that “This is the best time to list your house for sale in Seattle.” The dates she’s referring to? The first couple of weeks in May. As the feature describes, “houses listed between May 1 and May 15 sell 20 days faster than the yearly average.” What’s more? “They also sell for an average of $2,600 more.” These dates apply to most of the market in the United States, but are even weightier in a market as hot as Seattle’s.

May will thus mark an especially significant time to list in the already favorable market. As the Puget Sound Real Estate Trends & 2015 Year in Review, released by Realogics Sotheby’s International Realty, explains, the year 2015 witnessed white-hot real estate conditions throughout the Puget Sound not seen since before the Great Recession. Prices of real estate throughout the Puget Sound catapulted higher in 2015 and a similar trajectory is expected in 2016: expanding demand, anemic supply and developers playing catch up to increasing homeownership levels.

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