What's in Store for 2017 and Beyond...
Seattle is one of the most desirable and popular places to live. I might be biased being born and raised in the Emerald City, but Zillow's latest report proves the fact.
Home values surged nearly 12.25 percent across the Seattle metro region. This is the second-highest in the nation and the highest growth in price since the economic downturn.
According to the Zillow data, the median home value in the metro region is at $412,600.
So you might be asking yourself...why Seattle?
Some of the key factors driving up home values is the massive amount of tech jobs coming to the area (thus driving up housing demand), a thriving economy and also being one of the greatest cities to live, work and play. The other factor that comes to buyers minds is the lack of inventory or housing shortage.
Zillow indicates that Seattle has 6.5 percent fewer homes on the market than it did a year ago, a measure slightly higher than the national trend of 5.9 percent fewer than a year ago.
As a buyer or investor you might be asking yourself...what can I do to combat the housing shortage? As a seller you might be wondering what you can do to maximize your sale? I have personally worked with buyers and sellers on both fronts to fufill their wants/needs and dreams.
Now is your time to buy and sell, so if you want to discuss some strategies to get you ahead, please let me know. I can be reached by contacting (206) 755-2758 or tysonlin@kw.com.
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