Seattle Hits Xviii Months Every Bit Nation’S Hottest Housing Marketplace Alongside No Signs Of Slowing Down

Following upwards on the quick striking factoid on Seattle's construction crane population here's some other trial of having Amazon inwards the 'hood.
(reinvigorated Microsoft doesn't wound either)

From GeekWire:

Seattle has held the championship of the nation’s hottest housing marketplace for eighteen months together with counting, every bit continued population increase powered yesteryear the region’s tech blast together with few available homes hold prices soaring.

According to the latest update from the Case-Shiller national domicile cost report, Seattle domicile prices inwards Feb rose 12.7 per centum over the same menstruum a yr ago. The written report calls out Las Vegas together with San Francisco every bit the minute together with 3rd fastest-rising housing markets together with the solely other markets amongst double digit annual gains.

The written report follows information released yesteryear the Northwest Multiple Listing Service earlier this calendar month showing the median cost for a domicile inwards Seattle jumped to $819,500 inwards March, gaining nearly $43,000 inwards value over terminal month’s record numbers. Should this mensuration continue, the median sale cost could creep upwards around $1 1000000 toward the goal of the year.

According to GeekWire contributor Tim Ellis’ Seattle Bubble, domicile prices are upwards around 24 per centum over the 2007 peak, prior to the recession. The Seattle Times reports that domicile prices accept risen 85 percent since the local housing marketplace bottomed out inwards 2012.

Nationwide, domicile prices rose 6.8 per centum inwards the terminal year. Prices nationally are upwards for the yesteryear lxx months, dating dorsum to May 2012.

“The form of sustained, rapid domicile cost increase we’ve been seeing inwards Case-Shiller together with other indices for the yesteryear few years is plenty to give domicile buyers of all stripes a headache,” Zillow Chief Economist Dr. Svenja Gudell said inwards reply to the report. “But that hurting is peculiarly shrewd for first-time together with lower-income buyers at the bottom goal of the marketplace inwards search of entry-level homes that are appreciating the fastest, inwards large business office because they are inwards the nearly demand.”...MORE

Related at California Sunday, March 29:
“Seattle existent estate is together with thus expensive, fifty-fifty the houses are moving out!”