Every once in a while, you’re privileged to work on a particularly special transaction. Recently, I was able to represent a family who sold their 1929 Craftsman home in beautiful Fall City, Washington.
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The Seattle condo market is heating up. As we start to see the rental market cool off, real estate developers are opting to build condos with a whopping 6,000 units slated for completion over the next few years in the Seattle-Bellevue area.
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Earlier in January, over 1,300 real estate brokers and prospective buyers lined up at the sales gallery of One88, a new luxury condominium tower in the heart of Bellevue, to learn more about the 21-story tower that is currently under construction at 105th Ave NE. The building will offer 143 residences ranging from one to three bedrooms, with pricing from the low $800,000s to above $2 million.
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Last week, mayor Tim Burgess and city councilor Rob Johnson released Seattle’s Housing Affordability Rezone Plan, which will loosen restrictions on the height and number of units a developer may build, in exchange for offering affordable housing options within the project or paying into a city-fund to support affordable homes. Curbed Seattle broke down the exhaustive document, which is set to go for review at the City Council over the next couple of weeks with possible implementation by this time next year.
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A new report on realtor.com was just released with a lot of hard data on what home styles, sizes, locations, floor plan options, and more affects your home’s appreciation. To gather this information, Realtor looked at millions of listings from 2011 to 2016 and compared features against each other.
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It’s no secret that Seattle is a haven for the millennial-aged crowd. However, with the recent construction and real estate boom in the Puget Sound area, is the growth leaving this young crowd in the dust? A recent Seattle Times article would report a resounding “yes.”
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Weber + Thompson released some preliminary renderings of the lobby and plans for the ground level of NEXUS to include a boutique, 400 sq. ft. specialty coffee shop that’s open to the lobby, and a destination 2,800 sq. ft. restaurant and bar.
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