We are thrilled to share a review of 2017 market activity in the Puget Sound presented by Realogics Sotheby’s International Realty. Our acclaimed Research Editor and Data Analyst, William Hillis, has assembled an excellent year-over-year review of eight key counties in Western Washington along with data for 29 communities. In addition to providing in-depth market analysis, this year’s report includes a look at the effects of Chinese capital controls and Canada’s restrictions on foreign buyers, landmark sales on the Eastside, the “Condominium Conundrum,” and a timeline of Seattle’s performance on the S&P CoreLogic Case-Shiller Home Price Index. We offer the following key highlights from the reports, with a selection of trends to watch, as a conversation starter so we may discuss the impact on homes in your neighborhood.
Read MoreAs indicated by average sales prices from around the Puget Sound in January 2018, the Seattle real estate market shows no signs of slowing, despite the start of the year typically marking a slowdown in our region. According to a recent article published by Seattle Times, “single-family home prices across the county surged nearly 20 percent in January compared with a year prior,” and virtually no area was left untouched by gains, with increases ranging from 11 to 28 percent.
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