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.
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The Burrard Group, a Vancouver, BC–based real estate development firm provided a first glimpse of downtown Seattle’s next generation condominium tower called NEXUS, and plans to offer unit reservations in May 2016, presales in Fall and break ground by late 2016 for first occupancy in 2019. The developer has appointed key members of the development and marketing team and confirms that all units will be offered for sale, citing a point of inflection in the buy vs. rent debate amongst urban dwellers in one of North America’s fastest-growing cities.
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Dean Jones, President & CEO of Realogics Sotheby’s International Realty offers insight in the latest Real Estate Buzz entitled “Condo demand rising faster than supply,” as the Daily Journal of Commerce says that the rate of demand for condos in downtown Seattle is much higher than available supply.
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Last month, US News released their annual ranking of top U.S. cities to live in, and according to their calculations, Seattle ranks 7th in a comparison of 100 of the nation’s top cities. The list is based on a methodology incorporating the job market index (20%), value index (25%), quality of life index (30%), desirability index (15%) and net migration (10%). What elevated Seattle to the top? As Naomi Tomky describes, “for many, living in Seattle has as much to do with what’s outside the city as what’s inside. Less than an hour from downtown, residents escape for the day or weekend to wineries, ski resorts, hiking trails and sprawling parks. Seattleites bring that love of nature into the city as much as possible, enjoying Seattle’s parks and tree-lined streets” in addition to what Tomky says is an inherently calm and patient attitude.
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The Hobbit Houseboat is one of Seattle’s most charming floating homes! A custom-crafted 2 story, 2 bed/1 bath cottage on one of Lake Union’s loveliest docks, features include a 200 year old cedar log bathtub, sculptural wooden sink, sleeping nook with cedar carved door, and cherry floors. Natural light pours into the open floor plan of this home from every direction, especially from the exterior deck, perfect for contemplating the lovely channel and lake views. Pet friendly dock. Small boat moorage subject to community approval.
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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.
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Curbed Seattle recently reported that it is officially the wettest winter in Seattle’s recorded history! As of 1:00 p.m. on Tuesday, Seattle received 38.22 inches of rain since October 1, surpassing 1998-1999 totals.
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Belltown is named for William Nathaniel Bell, one of the original settlers whose heavily forested land became downtown Seattle. The Belltown/Downtown area is where many Seattle landmarks like Pike Place Market and Smith Tower are found. Fortune 500 companies Nordstrom and Expeditors International are headquartered here. Among the many ongoing projects downtown, work began in June 2015 to lay the foundation for Weyerhaeuser’s new headquarters in Pioneer Square, to be opened in 2016; and the Pioneer Building on First Avenue has been purchased for redevelopment as co-working space and suites for small businesses and entrepreneurs. The pioneers’ clapboard houses are long gone and virtually all recorded sales are now of mid-rise and high-rise condominiums in this vibrant, 21st century city.
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The Puget Sound Business Journal recently reported that, “nearly two-thirds of the people who bought high-end homes last year in the Seattle area paid cash.” In the feature, Stiles cites Realogics Sotheby’s International Realty research which found that the most expensive sale of 2015 was a waterfront estate on Mercer Island at $13.8 million.
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Enjoy mesmerizing unobstructed views of Mt. Rainier from this beautifully remodeled home. The open floor plan is perfect for relaxed entertaining which spills out to the deck on warm summer days. Cook gourmet meals in the chef’s kitchen featuring slab granite counters, stainless appliances, cherry cabinets and a large island. Master suite with sitting room and 3/4 bath. Fully finished daylight basement complete with bar and recreation room. Newer roof and siding. Large shed/workshop for home projects.
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