Development Inventory Modernization New Listings 
Will Springer Realtor
MARCH 10, 2023
“The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” Mari is developed by Bellevue-based Create World, the same company that built Mira Flats , a six-story condo that opened in 2018 next to the Mari site. List: $2.95M ($652/sq.
Will Springer Realtor
DECEMBER 11, 2022
This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. months of inventory. Inventories across the county for all home types now stand at 2.2
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Will Springer Realtor
AUGUST 11, 2023
First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. The City of Renton reported in June that 92% of the 7800 new units in the permitting pipeline are expected to be market-rate rentals. leading the list. >>
Will Springer Realtor
MAY 13, 2024
Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.
Will Springer Realtor
SEPTEMBER 8, 2021
It is developing several single-family and multifamily communities in King and Snohomish counties. The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. ” Forward-thinking developers will go beyond trails and lap pools, “which have become ordinary,” suggests the experts from Burns.
Will Springer Realtor
JUNE 9, 2021
Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. One aspect of rising housing prices is ballooning materials costs for new home builders. Notably, Seattle single-family inventory slipped to 0.6
Will Springer Realtor
AUGUST 9, 2022
. >> The City of Seattle includes about 375,000 homes and estimates it needs to build 152,000 market-rate units by 2045 to catch up with the city’s growing population, according to the Office of Planning and Community Development. Inventories are on the rise, so much so that one area is now considered a buyer’s market.
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