Seattle
REAL ESTATE
King County Purchases Historic Dexter Horton Building for $36M
CBRE has announced that King County purchased Seattle landmark Dexter Horton Building for $36.6 million. The purchase will save King County nearly $2 million per year in leasing costs. Located at 710 2nd Avenue, the Dexter Horton Building is 15 stories high and 335,000 square feet. King County’s Department of...
Most of Western Washington will see a rise in 2024 property values, but not everywhere
Home values across Western Washington are generally up for 2024, but how much depends on the community. Meanwhile, many office spaces and condos are showing a decline in value. "After dramatic fluctuations in the residential market during the Covid years, values have returned to a steady level of increase," King...
What's left of your paycheck after housing?
We all know that it’s really expensive to buy a home in the Seattle area. But the amount of money you need to get in the door in this market is probably more than you imagined. Even renters who earn a good living are feeling the squeeze. Seattle Times...
Redfin Reports Newly Built Apartments Are Filling Up at the Slowest Pace Since 2020
There are more new apartments hitting the market than normal. As a result, building owners are competing with one another for tenants, which is limiting how much they can boost prices. SEATTLE–(NASDAQ: RDFN) — Less than half (47%) of newly constructed apartments that were completed in the fourth quarter were...
John L. Scott: More resale listings will hit the market before the winter months
In his 2024 Mid-Year Housing Forecast, John L. Scott Real Estate Chairman and CEO J. Lennox Scott predicted a “good level” of new resale listings will hit the Seattle market between now and October, adding that despite this influx of new inventory, the market for affordable and mid-priced homes will remain intense.
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