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Things You Should Know About the Seattle Real Estate Market in 2017

If you’re considering a move to or around Seattle, it’s important to do your research so you know the market climate. Here’s some recent data and trends that will help you make the best decision for your personal situation.

By the Numbers (as of 3/17/17)

  • $604,300 – Median home value
  • Home values have increased by 8.9 percent over the past year
  • Zillow predicts home sale values will rise by 2.8 percent within the next year
  • $422 – Median list price per square foot
  • $205 – Median list price per square foot for Seattle metro
  • $589,999 – Median price of homes listed in Seattle
  • $2,400 – Median rent price in Seattle
  • $1,995 – Median rent price for Seattle metro

Trends

  • Currently a seller’s market
  • Seattle has been given a market health of score of 8.0/10 by Zillow
    • .1% of homes with negative equity
  • Seattle’s home values have increased by 8.9 percent year-over-year
  • The median sales price for one-bedroom homes has increased by 16 percent year-over-year, while the median sales price for a two-bedroom has increase by 14.9 percent. Three and four-bedrooms median sales price have decreased by .7 percent.
  • The most expensive areas continue to be east of the city (and near Redmond), with pockets of increases in the Bainbridge Island and Vashon Island areas.

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Credit: Trulia.com

For more information about specific listings in the Seattle areas, you can check out Trulia’s interactive map.

Once you land on a home, please make us your next stop – at Hansen Bros., we specialize in helping families move to and within the Seattle area and would love to be a part of helping you move onto the next chapter of your life.

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Best Food & Drink Tours to Check out This Spring

As the weather starts to warm up, it may be a good time to set-up a food tour. Whether you are new to Seattle or you’ve been a native for years – food tours can be fun for celebrations, date-nights or just a family night out. There are a lot options.

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Seattle Wine Tours

Address 15701 Nelson Pl, Seattle WA 98188

Phone (206) 444-9463

Website seattlewinetours.com

Promoted as having the inside scoop and back door pass, this tour company offers numerous options from local day trips to over night-multi-day trips to the mountain village of Leavenworth. The tours are flexible and custom – they even have tours that will pair up wine tours with a visit to Salish Lodge and the stunning Snoqualmie falls for lunch. Check out their website for tour options by season.

0b990d7Road Dog Tours

Address 1427 Western Ave, Seattle WA 98101

Phone (206) 249-9858

Website seattlebrewerytours.com

Road dog tours are a lively and entertaining view of Seattle’s best breweries. The tours run daily at 10:30, 2:30 and 6:00 PM and are about 3 hours each. You can visit their website to book your tour now and also get a video preview of what to expect when you go.

Ethnic SeattleEthnicSeattle-stacked

Address 787 Maynard Ave S., Seattle WA 98104

Phone (206) 623-0994

Website ethnicseattle.com

This tour will cover Little Saigon, Chinatown, and the International District – with frequent stops at restaurants for famous chef meet and greets. Enjoy the city by foot for this walking tour. They promise you with taste, savor and learn about the heart and cultures of these communities. Visit their website to book now.

Savor Seattle Food ToursSavor-Seattle-Tours

Address 1501 Western Ave, Ste 301, Seattle WA 98101

Phone (206) 209-5485

Website savorseattletours.com

This tour company has the biggest variety of walking tour options around. You can book anything from booze and bites to chocolate tours. You can view their calendar and book tickets on their website.

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