Eastside Seattle Real Estate Blog

First-Time Homebuyer in Seattle? Here's How to Rise Above the Challenges

For first-time buyers, dipping their toes into an unimaginably competitive seller's market is quite intimidating. Every interested home buyer in Seattle realizes that the odds are stacked against them to some degree. You can't scroll through your news feed or walk by a TV without hearing about the record-setting Seattle housing market. 

In fact, Seattle was recently ranked by Zillow as the 9th toughest market for first-time home buyers, according to an article published by the K5 news station. To determine which markets were most competitive and challenging throughout the country, the study considered the following five factors: median home value, forecasted value appreciation, current inventory...

The Reality of a Record-Breaking Market

Month after month, the Seattle housing market continues to shatter records — and April was no different. Not only are property prices sky-high in the city, but home prices throughout all of the counties that surround Seattle are rising higher than ever before. In King County, the median sales price has reached heights of more than $600,000 for the first time, while the median price of an Eastside home is $900,000 — a jump of more than $150,000 in a 12-month period. 

For home sellers, this is great news. They are already listing their property in what has been dubbed by the Seattle Times as the hottest market in the country. And the best part? There's no end in...

How Amazon is Impacting the Seattle Real Estate Market

In many respects, Amazon brought life into Seattle and rejuvenated the city when the online mega-retailer brought its corporate headquarters to the city about 7 years ago. Ushering in jobs and real estate development, Amazon became an anchor in the community and has continued to grow exponentially since coming to Seattle. 

For any city, a major corporation impacting the local economy in such a way is often welcomed news, but Amazon's unencumbered growth has had negative impacts on the city along the way. It's a sensation that has been dubbed by locals as "Amageddon," and it's made its mark on the local real estate market.

Amazon's Expansion

Around the world, Amazon employs about 340,000 individuals — 30,000 of whom are based out of its Seattle headquarters. That's a pretty big chunk of the corporation, and the company...

3 Reasons to Avoid House Flipping in Seattle

In many respects, the Seattle housing market has never been hotter. Inventory levels are at record lows, which has home values skyrocketing in the city and throughout the surrounding suburbs. For real estate investors, these seem to be idyllic conditions. They can list a property that they have purchased for an investment, and likely have it sold within a matter of hours to a buyer who is willing to pay above their asking price.

And the bonus? Most buyers who are getting homes in Seattle are paying with cash.

If you look at the data, it may seem like now is the best time to get into the house flipping business in Seattle. But according to King 5, the market is saturated with real estate investors hoping to cash in...

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