Tagged : Seattle Neighborhoods

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Seattle has been ranked the hottest housing market of the year 2017, after 16 months in a row at the top of the S&P CoreLogic Case Shiller Home Price 20-City Composite Index. Home prices continue to stay at peak levels, and since inventory is quite low, the market for buying a home is incredibly competitive.

According to Redfin, over 50 percent of the homes sold by the company last year resulted in bidding wars, showing just how deeply competitive 2017 was for local real estate. And the competition isn’t just between local buyers; international investors, particularly from China, are very attracted to Seattle real estate opportunities. However, foreign investment in the Seattle real estate market has dwindled since late last summer.


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Seattle has been leading the nation with the hottest real estate market for a full year now, with no signs of slowing down. This trend is expected to continue into 2018, according to an emerging trends report from ULI.

The steady increase in home prices has led to a growth that is double San Francisco’s, although the California hub’s home values are still much greater than ours. That being said, Seattle’s home values increased by more than 12 percent in 2017.

Last month, residential home sales were generally close to the October 2016 statistics, with only 20 fewer homes listed last month as compared with October last year. However, the average sale price for single family residential homes increased by more than $100,000 this year to $793,000

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