Seattle Real Estate Forecast 2018 Housing Price Predictions Condo Rental Prices

Seattle Real Estate Forecast 2018

Seattle Washington was rated the hottest city in America for real estate.  Migration (90,000 during a recent 12 month period), great jobs, and low availability of properties, is driving home and condo prices skyward.

Home prices were rising faster than San Francisco and the Bay Area and there’s plenty of talk of a housing crash in Seattle. With the new federal tax changes, some believe house prices will fall across the country.  So the question buyers and investors, and sellers too, is whether Seattle will be any different than the national housing trends through to 2020.

Being the home of Amazon, Microsoft, Boeing, Starbucks, Joint Base Lewis-McChord, Weyerhaueser, the Seattle region is a compelling place for business. and jobs.  The city is so prosperous and optimistic, buyers are certain to buy in the city.

An exodus of Asian and other International buyers from the Vancouver Real Estate Market has brought in an additional source of investors into the Seattle area. The forecast is for more foreign buyers taxes in Vancouver BC, so Asian buyers will Seattle, Redmond, Spokane, Tacoma and Bellevue alternatives.

Extra demand may come from Asian student housing buyers.

For rental property buyers, some are suggesting that there are still homes available in some Seattle neighorhoods. Those who know how to search for homes for sale might find that bargain.



The specter of a bubble crash is real however, so home owners would be wise to get a home evaluation and prepare to sell home for the highest price. If you’re considering selling, take a look at the best renovations to consider to generate more interest in your property.

Seattle’s job market is brisk and high paying.  The jobless rate is still 3.7% currently (up lately from 2.7%) and the $15 minimum wage rate isn’t enough to pay the rent. 50% of renters are feeling burdened by the rent they pay which may raise issues for landlords and property managers.

Seattle housing photo courtesy of flickr.com/photos/wonderlane/ Beautiful Seattle Home Seattle housing photo courtesy of flickr.com/photos/wonderlane

Strong population growth, a strong tech sector, diverse economy, educated workforce, enticing geography and diverse recreation opportunities are drawing more new residents at twice the national average. Seattle is consistently named as one of the best cities in America.

Festivities on Lake Washington

For property investors, rental income suites will be in continuous demand throughout 2018 and 2019.  For homebuyers however, the day may have passed to find an affordable home in Seattle. If that’s the case, you may want o investigation the Boston real estate market, New York Real Estate market, Vancouver Real estate market, Houston real estate market, or the Miami real estate markets.




Sizzling High Home Prices Continues

The demand in 2018 will push up sizzling high housing and condo prices and it’s raising talk of a housing bubble and crash. Experts are calling for futher growth from 2018 through 2021.

Yet is this any different than national housing forecasts for cities like Los Angeles, San Francisco, Miami, Boston, Houston, or New York?

The HappyHome Team Gives their Outlook on the market

Seattle Realtor Christie Kinneard provides a quick update of the Seattle market, and condos, and where there are opportunities. She is changing her price points on the market because luxury homes are getting expensive and it’s all scarce.

In fact, experts called for growth under 3% but Seattle has outpaced that by far.  This trend to underestimation might continue as experts aren’t getting the national trends or the demand from property investors.

Although new housing construction is growing nationwide, availability is squeezed, even in Washington State. And with a lack of construction workers, there won’t be any easing of detached home prices or rental housing here. And with some Asian and other foreign buyers being locked out of the Vancouver housing market, they’re finding Seattle is a great place to park their money.

Zillow’s Predictions

Zillow predicts home prices in Seattle will rise by 6.2% in 2018 and average home prices will hit a lofty $702,000 by the end of the year. With multiple offers the norm, sellers won’t need bidding war strategies to get a record offer on the table or worry about the best home renovations to grow ROI.

Seattle Neighborhoods Average Home Price
East Queen Anne $821,600
Downtown Seattle $676,500
Denny Triangle $551,600
Eastlake $549,500
Capitol Hill $543,300
Westlake $513,500
Belltown $443,400
Uptown $382,800
First Hill $364,600

Metro Seattle Cities Average Home Price
Bellevue $730,000
Redmond $675,400
Seattle $592,200
Lynnwood $392,900
Renton $391,800
Kent $327,200
Federal Way $308,400
Everett $292,000
Tacoma $230,600

Seattle Home Prices fastest Rising in the US

According to a report in the Seattle Times, Seattle’s home prices have been on a scorching pace in the last 12 months.

1. Seattle +13.2%
2. Las Vegas +8.6%
3. San Diego +7.8%
4. Detroit +7.2%
5. Denver +7.2%
6. Portland +7.2%

The Seattle market is hot so the question is whether you should be buying a house or renting an apartment? And is the right time for property investment?  Zillow reports that nationwide, there are 12% fewer homes available than last year.  And this past summer, homes for sale fell 21% from 2016.

Rents have skyrocketed accordingly. The current average rent price in Seattle is over $2600.

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America. Sell That Home!! Moving on to a Better Life

Housing Market 2017 – It’s Time to Sell

The housing market is ripe and 2017 is the year of the home seller across the US and some cities in Canada. It’s an amazing thing that so many home owners who have sacrificed the best years of their lives, toiling at their jobs for decades, buying a property so modestly, are now going to be rewarded royally from the housing market in 2017.

Okay, maybe not that rich, but you’re doing okay:) pic courtesy of diceybrown.com

The housing market lottery: Some of you will receive 100% to 300+% of what you paid for your property if you sell this year. That’s like winning a lottery. And the fun won’t stop anytime soon. You’ve got lots of options, beginning with how you’ll sell your home to what you’ll do with the rest of your life such as travel, move to a warm climate, and complete your bucket list.

The real estate market 2017 is very bright in many cities including Los Angeles, San Francisco, Toronto, New York and Vancouver. For sellers that is. With a historically unprecedented lack of housing supply and strong employment and income growth, buyers will be willing to pay very high homes prices at zip codes all over.




If you’re hoping to sell your home in 2017, you should read my post on selling over asking price  and why selling your home now is wise. There’s plenty of other reasons to sell your home and sell it at the highest price possible.

Good Things Happen When You Sell and Move onto Your Ideal Life

I like the story of homeless Louise Gourley who went from rags to riches, got tired of the grind, sold her house and went and helped the poor. A richer life is waiting anyone who wants it. And you’ll likely be able to live your dream comfortably. Read Louise’s story on the Sunday Post. I like happy stories.

Your Buyer’s Want the Best Growth in Equity

Don’t forget that property investors will also be bidding on your home or condo this year. The outlook for rental property is extremely positive. First time buyers face challenges in gathering a downpayment and qualifying for a mortgage when home prices are rocketing. If the Trump administration should infuse further life into the economy and housing market, it should ease home prices. Rather than hoping for the best home sales price, why not plan for your sale?

You have other options for selling a home if you want the maximum price. And that premium on the price might be well worth it. Realtors aren’t your only option. You can hire a digital marketer and a real estate lawyer to market your home. It might take a little more effort, but you’ll likely save quite a bit of money and get a higher sales price.

Keep your mind open about getting the best price or staying even with the Realtor’s market assessment of your property. That’s all out the window these days. Your home is worth what you can make others believe it’s worth. It’s all marketing and the selling price is yours to choose (when you carry out a powerful marketing and sales strategy). While it may be wise to use Realtors, they often boast about BIG marketing campaigns, but as a digital marketer in real estate, I can tell you most spend very little. Dig deep to discover exactly what they’re going to do for you.

Your house and property are an investment, your most important financial investment, so don’t burden the buyer with demands. It’s their money. Sell it for maximum value, let it go and move on.

Which City has the Best Home Prices?

Before you sell, you need somewhere to go – to choose a city or country where you can buy cheap once again (deja vu?). You could retire in Costa Rica or some other heavenly tax free country. Wouldn’t that be nice! Or you could check out cities in Arizona, Utah, Florida, Texas, or Oregon, or perhaps the Okanagan in Canada. These places are popular too.

Ideas: With your own home solar power system, you would likely be creating your electric power for free. Living off the grid is something many babyboomers are becoming interested in. Solar power technology  is just one exciting entrepreneurial opportunity you can pursue if you’re business minded and want to keep busy too.




Top 25 Cities to Retire in the US.

Take a good look at this list of 25 great cities to retire to. If you’re an Internet or social media entrepreneur, you might find them ideal to work from too!

This list is compiled from Forbes Annual List of best places to retire. I’ve added in estimated average income and zip codes so you can accelerate your own home search.

US City State Average Home Price Estimated per capita income in 2013: Zip Code
1 Abilene TX $142,000 $21,032 79563
2 Ashville NC $206,000 $29,195 28704
3 Athens GA $139,000 $17,534 30605
4 Blacksburg VA $235,000 $18,618 24060
5 Boise ID $175,000 $28,479 83616
6 Bowling Green KY $138,000 $20,116 42101
7 Cape Coral FL $190,000 $47,767 33903
8 Casper WY $245,000 $31,475 82609
9 Colorado Springs CO $225,000 $29,030 80829
10 Columbia MO $159,000 $26,994 65202
11 Fargo ND $176,000 $27,622 58047
12 Great Falls MT $172,000 $25,015 59401
13 Huntsville AL $174,000 $29,399 35649
14 Lexington KY 143000 $28,924 40361
15 Lincoln NE $155,000 $25,745 68430
16 Logan UT 153000 $16,572 84321
17 Mesa AZ $200,000 $23,771 85021
18 Oak Grove OR $279,000 $29,019 97267
19 Pittsburgh PA $133,000 $28,176 15201
20 Port Charlotte FL $147,000 $21,950 33948
21 Raleigh NC $213,000 $31,145 27587
22 Rochester MN $168,000 $33,894 59901
23 San Angelo TX $189,000 $24,293 76903
24 San Marcos TX $198,000 $16,087 78658
25 Tucson AZ $174,000 $19,669 85701

Get Creative Minded and Build Your Vision

Let’s hope you’re not making the decision now after divorce, serious health issues, or big debt.  That’s what happens when you wait too long. When the time has come, you must act and sell your home. Don’t hang on for a few more years to get a few thousand more dollars. Take the gift you’ve been given by the economy now.

If you don’t know how to research and plan for such a future, find a professional with enthusiasm and talent for that sort of thing and hire them. Giving you focus to your future, inspiring you, and helping you smooth over the rough spots is well worth the fee. It’s an investment in you and your spouse and family. Don’t be traditional — get a solution that works today. The roles for advisors, marketers, and enablers have changed. You’re the master. Go with your intuition — it’s likely right on the mark.

The millennials who want to buy your home are looking for certain things besides the lowest price. Don’t forget to improve your home before putting it up for sale.  Staging isn’t enough when your goal is to sell it in a bidding war from hungry buyers who are all in to your marketing presentation.  You’ll discover the power of real estate marketing.  Good luck with your sale and if you seriously want to get the best price – I’m the guy who can introduce your home to the world and make it look like a mansion.

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Auto Insurance Quote Seattle Redmond Bellingham Best Rates

Get the Best Auto Insurance Quote in Seattle

Auto insurance rates in Seattle are above normal, although be thankful you’re not driving in New York, Boston, Denver, Chicago, or Detroit where rates highest. Still, a Seattle driver shouldn’t be complacent and just accept the insurance companies offer on auto insurance. You can get a better auto quote online.

To drive a car legally in the state of Washington, you must possess one of these:

  1. Auto insurance
  2. Self insurance
  3. Certificate of deposit
  4. Liability bond

The other non car insurance options are unusual and require great wealth, yet those lucky individuals can go without the high cost of car insurance. That’s a nice break. You however will have to purchase auto insurance and truck insurance to drive in Seattle, Redmond or Bellevue.  With Washington negligence law, a person at fault in an auto accident that results in damage to another vehicle or person is responsible for that damage.

Also see New York auto insurance quote, insurance quote online Toronto, car and truck insurance Denver, Auto insurance quote Chicago, and truck insurance quote Austin.




That’s okay though, because there’s ways to save on the premiums you must pay. One note though is that if you’re a visiting driver from another state, you must carry auto insurance protection.

The minimum coverage requirements for vehicle registraton in Seattle are:

  • $25,000 for injury or death to 1 person
  • $50,000 for injury to more than 1 person
  • $10,000 for damage to property

How can you save on Auto Insurance quotes?

  • drive an old car to work
  • get usage based auto insurance
  • drive a car that is cheaper to insure
  • raise your premium deductible
  • don’t carry collision coverage

Check out more car insurance saving tips and start making it a habit to save money on every expenditure. Those are your hard earned dollars floating away. The only way you can ensure fair car insurance premiums is to make the insurance companies compete hard for your patronage. This quote process is the only thing that keeps them honest.




Seattle Auto Insurance Agents

Allstate Insurance Agent: Jeremy Olson
7 Denny Way,
Seattle, WA 98109, USA
206-956-0580

State Farm Agent: Karrie Dubose
1530 Westlake Ave N Suite 100,
Seattle, WA 98109, USA
206-971-5400

Northwest Insurance Group
6055 California Ave SW,
Seattle, WA 98136, USA
206-932-2500

Rates vary in Los Angeles, Phoenix, Denver, Seattle, Chicago, Boston, New York, Dallas, Houston, San Antonio, Austin, St Louis, Minneapolis, Green Bay, Charlotte, Tampa, Miami, Orlando, Toronto, Seattle, Bellevue, Spokane, Boise, Redmond, Anaheim, Beverly Hills, Malibu, San Diego, San Francisco, San Jose, Fresno, Santa Clara, Sacramento, Mountainview, Palo Alto, Portland, Washington, Atlanta, Irvine, Nashville, Sunnyvale, Salt Lake City, Riverside,  Albuquerque, Glendale, Oceanside, Long Beach, Huntington Beach, Carlsbad, Santa Clarita,  Henderson, Mesa, Kirkland, Redmond, Kansas City, Stockton, Scottsdale, Palm Springs, Indianapolis, Columbus, Colorado Springs, Fort Worth, Chula Vista, Escondido, Santa Monica, Miami Beach, and Honolulu.

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