The Seattle index slipping by 0.28 percent monthly in September. That is not a steep slide, but to put it into context, the Seattle index has been positive for 31 consecutive months. Furthermore, Seattle home prices continue to lead the nation on a year-over-year basis, now for 13 months straight.
Read moreDenny’s Housing Boom Continues to Climb With Plans for 10,000 New Homes
With Seattle continuing to develop at a rapid rate, it comes as no surprise that downtown neighborhood Denny Triangle is slated to add nearly 10,000 new homes — more than doubling its current housing supply.
Read moreRenters of Luxury Apartments in Downtown Seattle Missed an Estimated $60M in Income Tax Deductions in 2016
A recent report determined an aggregate $60 million in income tax deductions were missed in 2016 by 12,562 tenants that occupied newer apartment units built since 2010 in downtown Seattle alone.
Read moreRed Hot Real Estate: Homes Are Flying Off the Market in Downtown’s New Vertical Village
Seattleites are flocking to downtown’s newest development, NEXUS Condominiums. Located at 1200 Howell Street, the towering skyscraper sold 75 percent of its 382 units during its debut event — raking in over $200 million in sales.
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