Category: Market Update

For the Seattle House Hackers: Developing an ADU Property in Renton, WA (or Seattle Area)

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I have a client who's from Microsoft who is young and ambitious. He doesn't want his first house to be just an expensive place to live, he wants it to be an investment. So he came to me with a plan for developing an ADU. One of the strategies he had in mind to launch his investing journey was developing a single family home into a property with an accessory dwelling unit - like a separate apartment in the basement.
A good Shoreline, WA real estate agent will help you determine the best listing price for your home.

What Can You Buy For A Million Plus In Seattle Washington?

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With "Starter Homes" in the suburbs, towns and neighborhoods surrounding Seattle starting at upwards of half a million dollars, Seattle is one of the country's more expensive real estate markets. While there is a lot of housing pressure and tight inventory at the sub-one-million dollar mark, as first time home owners vie for their own piece of the action, once you start looking at homes priced above $1.5 million, the field thins considerably and you may be in the luxury house market.
bellevue luxury home market

Seattle, WA and Bellevue, WA Home Buyers Are Finding More Space (Square Footage & Negotiating Room) In The Luxury Home Market

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A few years ago, the young tech crowd moving into the Seattle and Bellevue housing markets had their eyes on a downtown address with an easy commute and access to urban amenities. After the 2020 health crisis, quarantine orders and business shut-downs have brought to light how valuable more interior square footage can be and many young adults and families are fleeing the urban, rental life and looking for their first homes in North Seattle neighborhoods like Shoreline, Lynnwood, Bothell, and even Everett, WA. This is putting a squeeze on the sub-million dollar home market, but luxury homes above $1.5 million don't seem to be seeing such pressure with multiple offers and homes selling for 20% over asking price.
First time home buyer

Letter to A First Time Home Buyer In North Seattle

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Are you currently renting or moving to the area and considering becoming a first time home buyer in the Seattle, WA real estate market? If you're intimidated, you're not alone. I recently received an email from a first time home buyer in Seattle, who had enjoyed my monthly real estate market updates and was interested in figuring out if this was actually a good time to be buying in the Seattle, WA market.
Hiking in Duvall, WA near Seattle - Emily Cressey

Sell This Winter or Wait ‘Til Spring?

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If you have been thinking about selling your Shoreline, WA home this year, your plans might have gone slightly awry due to Coronavirus. Now we are lock-down again and people are wondering what is going to happen.

Right now we are seeing a lot of pent-up demand from the Spring uncertainty continuing to play out in our very competitive housing market. In a "balanced" market, we might see 6-months of inventory on the market, but now we have less than one month's worth. In fact, homes are continuing to be snapped up by buyers at full price (many at above-market rates due to competitive bidding situations in entry-level price point homes) and the average days on market in both King and Snohomish Counties are under 3 weeks.

Will Seattle Tech Workers Return To The City?

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An article appeared in the Wall Street Journal this week noting tech workers leading Silicon Valley, California in droves. This begs the question of whether Seattle’s tech industry will be vacated next. Seattle Tech & Software Engineers Shift To At-Home Work Seattle, WA has long-enjoyed a strong employment base: first with Microsoft In Redmond, WA … Continued