Seattle during the day

19th Month in a Row Seattle Makes The Hottest Market List

What is up with Seattle making the top of the list for hottest real estate markets in the U.S.? Is there an end in sight for buyers or will we forever need to eat Ramen Noodles for dinner so that we can save up to afford a house?

According to Case-Shiller National Home Price Report, Seattle home prices in March increased by 13 percent year-over-year followed by Las Vegas and San Francisco. Although Seattle has made a name for itself by topping the list for a 19-month streak – Las Vegas and San Francisco have made an impressive crawl up from 10th and 16th on the list over a year ago.

The biggest reason why Seattle keeps topping the list? The city has welcomed an abundance of people and home inventory is super lower.

The Seattle Times reported that in 2010 114,000 people came into Seattle, which pushed the population to 725,000 people. In 2017, the population increased by 17,500 people, if that pace continued throughout 2018, the number of people in the city would double the active listings for homes and condos for the month of April.

Other factors to consider:

  • People are migrating to suburbs
  • Growing tech companies
  • Apartment rental prices are starting to level off
  • We are starting to see rental homes level off as well
  • More new construction to match housing demands

 

Things to watch:

  • Controversy around tax on big businesses
  • Population growth

 

As always, we would love to be a part of your next move. When you’re ready to take on the adventure. Let Hansen Bros. – Seattle’s Favorite Mover – help you ease the stress of moving. We offer free, no-obligation in-home estimates and have a long history of quality service in our beautifully city of Seattle.

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Seattle Makes Top 10 Best Cities for Public Transit in 2018

Even though New York, San Francisco and Boston top the list of Red Fin’s best cities for public transportation – Seattle has moved up the list and has made it to spot #7 on the list.

Transit score is determined by WalkScore, which rates locations based on how convenient they are to public transportation. Transportation Scores over 70 are excellent, which public transportation options being available for most trips around the city. The top three locations on this list had scores above 70.

Even at 7th place, the Seattle transit score was 59.2 percent, which was an increase of 2.6 points since 2016. This was the largest jump among the top 10.

Reasons for this increase…Seattle’s investment in its Link light rail service. It added two new stations in 2016, which made it easier to get to Capitol Hill and University of Washington. Based on a 2017 study conducted by the Seattle Department of Transportation had increased by 48 percent in the past seven years.

In Red Fin’s article, Jenny Durkan – Seattle’s Mayor – described it this way:

“Seattle is not only the coolest city in the country – we are now one of the most transit-friendly cities. For our visitors, commuters and residents, public transit is safe, affordable, and a vital component in making sure our city is accessible to all. With the opening of new light rail stations and one of the highest bus riderships in the country, Seattle is making significant strides towards becoming a world-class transit city.”

Kudos to all of you who have made this jump possible. You are making Seattle an even better place to live. As always, if you need help moving to or within Seattle, go with Seattle’s favorite Mover. Hansen Bros. is ready to help you make your next move an easy transition.

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