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December 2016

Seattle is Officially the Hottest Real Estate Market in the Nation

Color - Elliott Bay to DowntownAccording to new data from S&P Case-Shiller National Home Price Index, Seattle is now the hottest real estate market in the nation. Seattle's home prices rose 11% between September 2015 and 2016.

This appreciation is being driven by the technology boom, which is increasing our population with skilled workers who can typically afford higher priced homes. Amazon, Facebook, Salesforce and eBay are among some of the tech giants leading the storm. Add to that low inventory and high demand, and you have 11% increases in year over year prices.

It isn't just Seattle that is seeing large annual gains. The national number is 5.5% for September, the highest it has been since the last peak in 2006.

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.
Source: Geekwire

ONE88 Condominiums in Bellevue by Bosa

ONE88ONE88, a condominium tower, is coming to Bellevue and is brought to you by Bosa, the developer of Insignia in Seattle.

ONE88 will be a luxury high-rise featuring "striking architecture, timeless interiors and a world-class amenity offering", according to Bosa.  The building will be located on Bellevue Way NE and NE 2nd St. They plan to break ground early next year and deliver the condo units in early 2019. The tower will rise 21 stories and contain 143 units ranging from one bedrooms to 3 bedroom penthouses.

This condo project will be the first new construction condominium tower in Bellevue in nearly a decade.

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.