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Will Springer Realtor - Untitled Article

Will Springer Realtor

Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. With the settlement, a wave of new listings hit the market in the past several weeks. bathroom , 3930 sq.

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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

These findings provide a strong economic base and cement walkable urban places and development as the wave of the future, as we move toward a more connected, environmentally sustainable way of life.” In addition, discussions are well underway between city leadership, neighborhood advocates and developers to consider placing a “lid” over I-5.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Legislation related to transit-oriented development did not pass. Except for the pandemic year of 2020, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. The pending law is on the governor’s desk awaiting his signature. And, opening this year, Graystone.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% year-on-year (YoY).

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

As part of the project, developers are sketching out plans for a pair of office towers at least 41 stories tall on a 4.6-acre Buyers will likely snap up any home to be within walking distance of the new transportation hubs. Coincidentally, one of my listings currently is in the UDistrict, three blocks from the rail station.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Housing starts – the number of units builders would begin if development kept pace for the next 12 months – increased 19% nationally to a seasonally adjusted annual rate of 1.7 and are on the high side for the unit size, with a median price per square foot of roughly $1045 from a sampling of active listings. We are on the right track.

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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

This dynamic of private vehicle vs. public transportation will play out first in dense areas – like Seattle, Bellevue, Federal Way – and will be interesting to watch. POLLUTED PIPES We cap this month’s news with yet another “P” story. The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586).