From Oleg Doukhnevitch
Are you considering buying a home in the Seattle area? Look no further!
With the city's dynamic tech industry and AI advancements, the real estate market is on the cusp of exponential growth. Microsoft's projected ascent to a trillion-dollar company in 2024 further reinforces the city's economic prospects.
Another compelling reason is the influx of young workers and families in the region. As the young generation starts families and with an increasing number of children, the demand for housing will surge, presenting an excellent opportunity for real estate investment.
Furthermore, Washington's lack of income state tax allows residents to retain more of their hard-earned money, boosting the appeal of living and working in the region.
Last but not least, Seattle's captivating natural beauty offers residents the best of both worlds. With two National Parks, stunning lakes, and majestic mountains, outdoor enthusiasts can indulge in hiking, skiing, water sports, and kiteboarding, and immerse themselves in nature's embrace, enjoying both the four distinct seasons in Eastern Washington and the mild climate in the western region.
Considering these four compelling reasons, investing in Seattle real estate in 2023-2024 holds great potential for a promising future and an enriched lifestyle. So, don't miss out on this fantastic opportunity and secure your place in the thriving Seattle real estate market!
Get ready for our exclusive Seattle and Bellevue Real Estate Market Update for July 2023! In this must-watch video, we present a comprehensive analysis of the housing market in these vibrant Washington cities. Whether you’re a prospective buyer, seller, or simply curious about market trends, our update is packed with valuable insights you won’t want to miss! 🏡 Discover the Latest Market Trends: Stay ahead of the game by knowing the current state of the Seattle and Bellevue housing markets. Our expert analysis sheds light on key trends, helping you make informed decisions. 📈 Insights for Buyers: If you’re considering purchasing a property in Seattle or Bellevue, this update is a goldmine of information! Learn about available inventory, competitive prices, and strategic buying tips to navigate the market confidently. 🏢 Tips for Sellers: Selling your property in these dynamic cities? We’ve got you covered with essential tips to optimize your listing and attract potential buyers in this competitive market. 📊 Data-Driven Predictions: Our real estate experts crunch the numbers and offer data-driven predictions for the upcoming months. Be prepared for what’s to come!
Seattle, known for its stunning landscapes, thriving job market, and cultural attractions, has seen some interesting developments in its real estate sector. The median sale price in Seattle currently stands at $905,000, reflecting a significant decrease of 12% Year-to-Date (YTD). We’ll explore the factors behind this decline and discuss the potential implications for buyers and sellers. Moving east to Bellevue, located in the desirable Eastside region, we’ll examine the real estate market dynamics in this area as well. With its proximity to major tech companies and picturesque surroundings, Bellevue has been a sought-after destination for homebuyers. The median sale price in Eastside, specifically Bellevue, currently sits at $1,450,000. However, like Seattle, the market has experienced a decrease of 9% YTD, indicating shifting trends and opportunities. Throughout this video, we’ll delve into the reasons behind these price adjustments, exploring factors such as supply and demand, economic conditions, and any regulatory changes that may have influenced the market. We’ll provide expert analysis and discuss the potential impact of these trends on buyers, sellers, and the overall real estate landscape.
Seattle & Bellevue Real Estate Market Update: February 2023
In February 2023, Seattle and Bellevue, WA continue to be strong housing markets. With a population of 3.9 million, the Seattle-Tacoma metropolitan area is the 15th largest in the United States. The area continues to benefit from its diverse economy, which is driven by technology, manufacturing, and health care. The Seattle-Bellevue housing market remains competitive. Home prices have increased by 2% percent in the past year, with an average listing price of $803,750.
Seattle & Bellevue Real Estate Market Update: January 2023
In this video, we’ll share with you our latest Seattle and Bellevue real estate market update. We’ll cover the latest prices, trends, and of course, the million-dollar question… What will the market look like in 2023? Download our free report to find out what’s happening in the market and see which neighborhoods are the hottest sellers!
In this video, we’re celebrating Oleg Doukhnevitch’s amazing achievements in the real estate market!
From buying and selling properties to becoming a real estate ninja, Oleg has done it all!
To celebrate, we held a client’s party in Bellevue, WA, and it was a blast! Oleg’s clients came from all over the continent to share in his success and congratulate him on his incredible career. It was truly a celebration of excellence in the real estate market!
From Oleg:
“Dear friends, May this Christmas bring you great joy, fulfillment of all your dreams, peace, and happiness! First and foremost, I’m beginning with a heartfelt, and well-deserved THANK YOU! Thank you for coming last Saturday, and making this event possible! This event would not happen without your presence, friendship, and dedication. I know you are busy with life, family, kids, and many other events in this special holiday season, but you made time to celebrate this Christmas with me! I’m proud and happy to have such amazing clients, business partners, and friends! Special thank you for your help and support in organizing this event to: Inna Tan- my beautiful wife, who supports me in everything I do and for dedication to this Christmas Party!”
It was a great year! We enjoyed celebrating the upcoming holidays with our clients and partners! It means a lot to us to be a part of such an important journey in your life. Thank you for allowing us to serve your Real Estate needs.
Thank you for coming and Happy Holidays!
Originally published on the Windermere Blog.
The local real estate market looks like it might finally be showing signs of softening, with inventory up and sales down. More sellers have opted to put their homes on the market. Inventory was up 47 percent in King County and price increases were in the single digits. Despite the increase in inventory and slowdown in sales, it’s still a solid seller’s market. Over half the properties purchased in June sold for more than list price.
Eastside
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A booming economy offered little price relief for buyers looking on the Eastside. In a recent study of economic strength by state, Washington ranked number one in the country. An additional report targeting cities ranks the Seattle-Bellevue-Tacoma market as the nation’s fourth strongest economy. The median price of a single-family home on the Eastside rose 10 percent over a year ago to $977,759 setting another record. There is some good news for buyers. Inventory rose to its highest level in three years, with the number of homes for sale increasing 46 percent from the same time last year.
King County
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The number of homes on the market in King County soared 47 percent from a year ago, the biggest increase since the housing bubble burst. Despite the increase, there is just over one month of available inventory, far short of the four to six months that is considered a balanced market. The median price of a single-family home increased 9 percent over last June to $715,000. That’s down 2 percent from the $726,275 median in May. Home prices haven’t dropped from May to June in King County since the last recession.
Seattle
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Seattle trails only Bay Area cities when it comes to greatest profits for home sellers. That may help explain the surge in inventory in June. For example, the number of homes for sale in the popular Ballard/Green Lake area doubled from a year ago. Even though buyers are finally getting more choices, demand still exceeds supply. Homes sell faster in Seattle than in any other U.S. real estate market. That demand propelled the median price of a single-family home to $812,500; up 8 percent over last June and down from the record $830,000 set in May.
Snohomish County
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The largest jump in home prices in the region came in Snohomish County. While higher-priced markets in King County are seeing increases slowing slightly, the median price of a single-family home here jumped 14 percent to $511,500, a new high for the county. Buyers willing to “keep driving until they can afford it” are finding Snohomish County an appealing destination.
This post originally appeared on windermere-bellevue.com
Let Windermere Real Estate’s Chief Economist Matthew Gardner walk you through what to expect from the real estate market amidst rising interest rates.
This post originally appeared on windermere-bellevue.com
