Seattle, renowned for its scenic beauty and vibrant urban landscape, has seen a rising demand for luxury condo living. From waterfront residences like Infinity Shore Club Residences on Alki Beach offering breathtaking views of the Puget Sound to chic downtown high-rises like Graystone that put you right next to theaters and fine dining, it's evident: Now is the moment for condominium living in Seattle. It’s also important to note that some of the best condo deals we’re seeing this season are for older condo units, which can easily be updated for future returns. So, whether you opt for new construction or a condo brimming with potential, we have to ask….what’s driving this change in housing preferences? Well, it's the myriad advantages…

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Building upon the Q1-2023 data, the present Western Washington real estate market maintains its cooler demeanor compared to the same period last year. The impacts of inflation and rising interest rates continue to exert a moderating influence on the market. The unprecedented surge witnessed in early 2022 has now transitioned into a more stable environment, marked by a decrease in frenzy. While it remains a seller’s market, buyers are adopting a more measured approach, taking additional time to deliberate their decisions.

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Water defines life in the Pacific Northwest. Nowhere is this more true that in Western Washington, where urban lakes, Puget Sound, coastal shores, and idyllic islands entice the bold and beckon those who long for a respite. There is truly nothing like a piece of shoreline to call your own. With this in mind, Realogics Sotheby's International Realty presents the 2023 Waterfront Report to help inform the next steps on your selling or buying journey.

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If you’ve seen many of the headlines, you may already be aware that inflation and rising interest rates cooled the market in the latter half of 2022. That slow pace carried into the first quarter of 2023, and while the headlines might suggest the housing market has been in a slump, many areas have simply not seen the skyrocketing growth that marked the pandemic-era housing boom. As a result, the median sold prices for single-family homes stayed relatively flat year over year. 

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Typically, the real estate market slows down over the holiday season. Buyers take a break from their home search, whether from fatigue or just the hustle and bustle of the holidays. And sellers tend to focus on gathering with loved ones instead of preparing to list. But, 2021 has proved to be anything but typical.

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