Article provided by: Seattle's Mortgage Broker - Joe Tafolla
The average price of a home in Seattle is $723,000. However, property values in Seattle have been declining, making it one of the best times to buy property in the Seattle housing market. Seattle’s Mortgage Broker can help you find that perfect home for you and your family at a price that fits your budget.
When should I buy property in Seattle?
Homes sales in Seattle have been increasing steadily this year, a sign that people are ready to invest in the Seattle housing market. More sellers are dropping their prices, which mean that more properties are going off the market. Therefore, put in an offer on that property you have always wanted because it might not be on the market for long.
Seattle has more than 700,000 inhabitants. However, more than four million people live in Seattle’s metropolitan area. This makes the city’s housing market the biggest in the state of Washington as well as Pacific North West. For homebuyers and investors, Seattle has gained a reputation for being one of the best cities in the U.S. for real estate investment.
Types of properties
The most common housing type in Seattle is apartment complexes accounting for more than forty percent of the city’s housing units. However, there are other types of housing properties on the market, including single-family detached homes, row houses, duplexes, and attached homes.
Many people in Seattle live in small, one or two bedroom units often located in apartments. The city’s housing market has a mix of owner-occupied and renter-occupied properties. Currently, we have hundreds of properties for sale in our listings.
Why should I invest in Seattle real estate?
Several factors make Seattle a great place for real estate investment. For starters, Seattle is considered one of the leading technology hubs in the U.S. Many companies have their headquarters or outposts in Seattle, including Amazon and Boeing. The influx of tech giants and startups in Seattle means that more people are moving to the city to work or find jobs. Therefore, the demand for homes in Seattle has been quite steady.
Seattle is one of the fastest growing cities in the U.S. Many people move to Seattle because it offers a whole range of opportunities, thanks to an active job market. As more people move into the city, the demand for properties keeps going higher. In addition, many people like to live closer to the city, which helps to keep property prices steady.
Politics and the Seattle real estate market
Politics seems to favor the Seattle property market. The city has many protected zones due to environmental concerns, which limits how far it could spread out. Therefore, not many people move to the suburbs, which prevent property prices in the city from falling drastically.
International politics also has an impact on Seattle’s property prices. Unlike countries like Canada that limit foreign investors from investing in the country, Seattle does not have heavy restrictions for international property investors. Therefore, the city has seen a rise in foreign property investors.
Investing in the Seattle housing market comes with high returns on investment. Sign up for great insights on Seattle’s real estate opportunities.
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