Posts in Market Update
Seattle Tops the Nation for Home Price Growth 15 Months in a Row

After a slight dip in home price growth from September to October, home prices in Seattle have begun their upward trek once again, as the index ended November 2017 at 0.18%. As Case Shiller noted in their official report, the highest year-over-year gains among the top 20 cities belonged to Seattle, Las Vegas, and San Francisco. “In November, Seattle led the way with a 12.7% year-over-year price increase, followed by Las Vegas with a 10.6% increase, and San Francisco with a 9.1% increase.”

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1 in 6 King County Home Sales in 2017 Reached Seven Figures

As a recent Seattle Times article proclaims, the number of million-dollar homes in King County is soaring, as a staggering 1 in every 5 or 6 homes sold in 2017 reached seven figures, up 71% compared to 2016. Million-dollar price tags are no longer “reserved for mansions and waterfront estates,” and have “expanded to include ordinary houses in attractive neighborhoods and even some upscale homes in more affordable spots.”

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Zillow Says Seattle Will be 3rd Hottest Housing Market in 2018

According to a report released earlier this month by Zillow, the hottest housing markets for the coming year will be comprised of southeastern cities with strong job and population growth, and coastal tech hubs including Seattle and San Francisco. Though the nation continues to experience home value appreciation, with just over half of homes valued above the national housing boom's peak, Zillow says these markets have been "kept at a boil by healthy income growth, abundant job opportunities, and above-average housing appreciation." 

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Puget Sound Market Trends: Q4-2017

Seattle continued its reign as the hottest market into the fourth quarter of 2017, as the latest market statistics indicate that home prices increased a staggering 16.7% year-over-year to $882,000. This comes as the latest S&P/Case-Shiller Home Price Index reveals the Emerald City's home price growth has led the nation for 14 consecutive months. 

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Seattle Continues Its Streak with Hottest Housing Market for 11 Straight Months

S&P Case-Shiller released their latest home price index last week, which showcases sustained growth for the Seattle market, with the Emerald City leading the nation for the hottest housing market for 11 consecutive months. As Mike Rosenberg of Seattle Times reports, “the Seattle metro area saw single-family home prices surge 13.5 percent during the 12 months ended in July,” according to Case-Shiller.

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