•          Median prices rising by double digits across most of our counties.
•          Total active listings of single-family homes declined nearly 44% from a year ago.
•          We are virtually sold out of unsold inventory everywhere in the Central Puget Sound area except the Seattle city core.
•          Continuing low interest rates, jobs, and lifestyle changes are driving the real estate market.

KIRKLAND, Washington (March 4, 2021) – Housing activity during February remained hot around much of Washington state despite significant accumulation of lowland snow over the Valentine’s Day weekend, according to latest statistical report from the Northwest Multiple Listing Service.

“It’s amazing how close the February numbers are when

Without a doubt, the Pacific Northwest is an incredible place to live, work, and play. It's no secret that massive numbers of people have been Saying YES to the Houses in this area. This housing market has gotten so hot that Bidding Wars are expected on most homes that go on the market and homeowners can even Name Their Selling Price.  The latest stats for Klahanie, Issaquah, and Sammamish show the details of this crazy market and the expectation that this seller's market is likely to continue. 

Spring and Summer in the Pacific Northwest are simply unbeatable! Now that we are not under such strict quarantine, it's time to get out, explore, adventure, and enjoy the beauty that surrounds us! Issaquah, Sammamish, Klahanie, and the Eastside are such

Highlights

• The monthly cost to purchase the median home in the 50 largest metros was $1,988 in January 2021, compared to the median monthly rent of $1,727.
• On average, buying the median priced home accounted for 32% of a metro’s median income in January, while renting accounted for 27%.
• Buying a home was the same or more affordable than renting in 15 of the 50 largest metros analyzed in January, up from 13 markets a year ago.
• Top areas where buying is more affordable than renting include 
  • Cleveland-Elyria, OH
  • Chicago-Naperville-Elgin, IL-IN-WI
  • Pittsburgh, PA
  • Riverside-San Bernardino-Ontario, CA
  • Miami-Fort Lauderdale-West Palm Beach, FL

Renters looking to change their living situation–especially those

"And that's the iconic Smith Tower. When it was originally built, it was the tallest tower west of the Mississippi River." I can still hear my mom saying those exact words as we carted out-of-town family around Seattle pointing out all of the tourist and historical points of interest. I was never actually sure whether she was making up that story about the Smith Tower or if it was true, but I made the same statements as an adult when I drove out-of-town family members around the city.

Turns out: it's true. When it opened on July 4, 1914, the Smith Tower standing 486' tall (to the very tip) was the tallest building west of the Mississippi River. 

Now, YOU could be the proud resident in the pyramid-shaped penthouse of the iconic Smith Tower!

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OUR LOCAL REAL ESTATE TEAM

Cascade Team Real Estate agents are proactive in serving their customers, studying the market and touring homes, so they can provide the most accurate housing market data for their clients. This helps you better understand the competitive environment, pricing strategies and provides an edge in the negotiation process.  Our goal is to always meet and exceed your expectations.  We look forward to the opportunity of working with you on your next real estate transaction.

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