Spring 2016 Neighborhood Stats

Year over Year comparison of neighborhood pricing and appreciation

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April 2016 MLS Stats – King County

Posted on May 7, 2016 at 5:58 am
Leah Pham | Category: Market News, Real Estate

Q2 2015 Gardner Report Economic Update

The Gardner Report  | WWA Q2 2015

 

The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don't hesitate to contact me.

 

Read Full Report Here

Posted on July 29, 2015 at 10:05 pm
Leah Pham | Category: Market News, Real Estate

The Mayors new HALA Proposal

 

 

HALA Proposal Drives 'Grand Bargain' for Affordable Housing

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Last week, the Seattle Times got their hands on a draft of the Housing Affordability and Livability Agenda (HALA) report and everyone freaked out about the prospect of Seattle bulldozing residential neighborhoods to make way for a city of microhousing complex (or something like that). Now, the final report is out and Mayor Ed Murray presented the recommendations on Monday. Let's find out what it calls for.

Included in the report are approximately sixty-five recommendations on housing and livability in Seattle. The one getting the most traction? A proposal that would link mandatory affordable housing development in residential areas with linkage fees for commercial development. In other words, if developers agree to include affordable homes as part of their plans, or pay a fee into the affordable housing fund if they choose not to, then the city will relax certain zoning restrictions (though not in residential areas, says Murray). Fees would be based on square-footage.

The "grand bargain" seems to have split the city council already, with only five of the nine members standing with Murray as he introduced the idea. The city council will have to approve the recommendations for them to take affect.

The most noticeable difference from the leaked version to the final version is the change in wording when it comes to single-family zoning. That terminology is removed but recommendations that bring more density to tradition residential neighborhoods remain. Under the recommendation, 5 to 7 percent of units in residential projects would have to be affordable to lower-income families. The plan also calls for tax breaks for landlords who restrict large rent rises, easier access to housing for those with criminal records and a reduction in residential parking quotas.

Ultimately, the goal is for Seattle to introduce at least 6,000 affordable-housing units to the market over ten years. If approved, the plan would start taking effect in September 2017.

 

See full article: http://seattle.curbed.com/archives/2015/07/so-what-does-the-hala-committee-plan.php

Posted on July 25, 2015 at 2:43 pm
Leah Pham | Category: Market News, Real Estate

OBAMA: Making Our Communities Stronger through Fair Housing

WEEKLY ADDRESS: Making Our Communities Stronger through Fair Housing

" In this country, of all countries, a person’s zip code shouldn’t decide their destiny.  We don’t guarantee equal outcomes, but we do strive to guarantee an equal shot at opportunity – in every neighborhood, for every American."

READ FULL ARTICLE

 

Posted on July 12, 2015 at 2:10 am
Leah Pham | Category: Market News, Real Estate

Upzoning Seattle?

Single-family homes such as this one in Greenwood could be rezoned to become a multi-family dwelling should draft proposals by Seattle's affordable housing task force come to fruition.

 
Single-family homes such as this one in Greenwood could be rezoned to become a multi-family dwelling should draft proposals by Seattle's affordable housing task force come to fruition.

READ FULL ARTICLE : http://kuow.org/post/do-we-need-so-many-single-family-homes-asks-seattle-housing-task-force

Posted on July 11, 2015 at 3:57 am
Leah Pham | Category: Market News, Real Estate

Why is Seattle the fastest-growing city in the US?

Why is Seattle the fastest-growing city in the U.S.?

Apr 27, 2015, 6:58am PDT
Business Journal | Steve Wilhelm

What's driving Seattle's growth?

 

Digital Managing Editor-Puget Sound Business Journal
Email  |  Twitter  |  LinkedIn  |  Google+

Is Seattle Silicon Valley's next favorite stop? That was the headline in the national blog TechCrunch over the weekend for a story penned by Seattle's own Hadi Partovi, founder of Code.org.

In it, Partovi argued that the Seattle region has changed dramatically in the last 10 years, and that it has become a powerhouse for technology development. Not only does the region have the big guys – Microsoft and Amazon – it has filled out in the middle with companies such as Zillow,Zulily, Tableau and Expedia, and has a vibrant startup community.

The PSBJ is also in the midst of looking backward at the past while we contemplate the region's future for our 35th anniversary edition. We asked readers why they thought Seattle was the fastest-growing city in the U.S. Technology, they responded, was the biggest driver of growth. So far 54 percent of respondents have said the region's designation as a technology mecca has the largest impact.

But it's not just the tech scene: 32 percent of respondents said the region's quality of life and natural beauty were major drivers of the growth as well.

Despite the tight housing market, homes are still cheaper here than in many other tech-centric cities, such as San Francisco and New York, which is likely also a factor.

What do you think is driving the region's growth? Take our poll or let us know in the comments.

Emily Parkhurst oversees all digital content for the Puget Sound Business Journal.

Posted on April 27, 2015 at 3:49 pm
Leah Pham | Category: Market News

Surging Puget Sound-area home prices give sellers all the power – Puget Sound Business Journal

Surging Puget Sound-area home prices give sellers all the power – Puget Sound Business Journal.

Posted on April 22, 2015 at 6:52 pm
Leah Pham | Category: Market News, Real Estate

Summerfest 2014

Posted on July 8, 2014 at 10:50 pm
Leah Pham | Category: Design, Events, Market News, Real Estate

Lifestyle Northwest | Summer 2014

Posted on June 3, 2014 at 4:35 pm
Leah Pham | Category: Design, Market News, Real Estate

SEATTLE MET: by the numbers 2013

Download the pdf of vital stats on 138 neighborhoods

 

How We Got the Data

Market Values

Median prices and sales counts of single-family homes and condominiums were supplied by the online real estate database and marketplace Zillow, headquartered in Seattle. Median home values represent a combination of single-family homes and condos in each neighborhood or city, not just homes recently sold or currently on the market. Rental value index represents median monthly rent for all rental units in each area. 

 

READ FULL ARTICLE HERE http://www.seattlemet.com/real-estate/articles/seattle-real-estate-neighborhoods-statistics-may-2013 

Posted on April 23, 2014 at 5:08 am
Leah Pham | Category: Market News, Real Estate