Record $5 Billion in Downtown Construction Currently Underway

The Seattle skyline will continue to be filled with cranes for a bit longer. Recently published in GeekWire, “A new report from the Downtown Seattle Association says the city is in the midst of a record $5 billion in current construction activity downtown.” The builders are rushing to meet demands of new residents (more than 1,000 a week) and businesses moving into the city. According to the 2017 Mid-Year Development Guide, residential work represents two-thirds of all projects underway and have 30,000 units under construction or in development.

Community Info, Local Economy, New ConstructionAaron FreemanAugust 18, 2017Construction, New Development, Seattle, Crane Capitol, Cranes, Geekwire, Real Estate, Local Real EstateComment

Seattle Neighborhoods with the Fastest and Slowest Rising Home Prices

At the end of March, the four most valuable companies in the world (Apple, Google, Microsoft and Amazon) were all U.S. technology businesses – half of which are Seattle founded and based. Wherever you look, Seattle is changing, growing and evolving and one of the more obvious places this is reflected is in the housing market. Spring is always the busiest time of year for real estate, and this year’s “busy season” is recording higher-than-ever prices due to reduced inventory. The median price for a single-family home in Seattle is $722,250 according to the NWMLS, and new listings have dropped 16.2 percent since last April.

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Aaron Freeman