RIS Media sites Seattle #6 in their Report: America's Boom Towns Revealed.
This is what they say about Seattle:
6. 98121 Seattle - Larges Neighborhood: Belltown
The 98121 zip code is home to the largest proportion of residents in downtown Seattle, as well as the largest retail area. Ten percent of Seattle residents now live downtown, representing a 12 percent growth in population since 2010. New residential developments like the 707-unit Insignia Towers and the area's wide variety of restaurants, bars and cultural offerings, have made Belltown a major draw in recent years. This is especially true for employees of the area's major employers like Amazon, Microsoft and Starbucks, who are looking for close proximity work.
Zip code 98121 is expected to see households grow by 11.9 percent over the next five years. King County is expected to see more that 13,000 new housing starts and 21,000 new jobs formed in 2016, that's 3.1 times more new homes and 2.3 times more jobs than the average of the top 100 counties in the country, respectively.
What does this mean for surrounding areas?
As prices are being driven higher and higher by lack of inventory and multiple offers many families are searching for more economical places to call home. We are seeing a huge overflow of those people that work in downtown Seattle as they move into Snohomish County as far north as Arlington. This is having a similar effect on real estate and is escalating Snohomish County prices as well. The population of Snohomish County is estimated to have grown 8.3 percent in the 5 year span of 2010 to 2015. http://www.census.gov/quickfacts/table/PST045215/00,53061
Many new businesses are slated to move into Seattle and Bellevue as well as many current businesses have plans for great expansion. I see no end to this insane real estate market anytime soon! Buyers are going to continue to struggle to get into the few homes on the market. The good news is, once they get in, they should enjoy rapid appreciation over the next several years.
RE/MAX Metro Realty
Author:Marcy Spieker Phone: 425-218-1158 Dated: April 24th 2016 Views: 884 About Marcy: ...
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I believe that buying or selling a home is more than just a transaction; it’s a life-changing experience, and one that should be done right.
As your Seattle real estate professional, I’m dedicated to providing you with exceptional and personalized service. I take great pride in the relationships I build and I work relentlessly to help my clients achieve their real estate goals.
I’ve been involved with real estate for my entire life. My grandparents built a very successful real estate business here in Seattle, and I used their experience and advice to educate myself on real estate investing, economics, and property management. Their commitment and enthusiasm for real estate is what inspired me to become a licensed REALTOR®.
My grandparents taught me a lot about real estate, but the most important lesson I learned from them was that service doesn’t end at closing; rather, it’s a lifelong commitment.
I believe this philosophy is the main reason my family’s business is still thriving today, and it extends to how I operate as a professional. My job isn’t just to find you a home or sell your property; my role is to be your advocate, your ally, and your trusted advisor. I’m here to educate you and guide you through the process, and to provide you with a pleasant and stress-free experience.
Whether you are a first-time homebuyer, experienced investor, or are simply curious about your options in today’s market, give me a call and I’ll gladly be of service to you.
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I was born and raised in Redmond, WA, and have lived in Seattle for over 10 years. I graduated from the University of Washington with a degree in Psychology. I’ve combined my education and numerous years of real estate experience to helping others achieve their real estate goals. When I’m not selling real estate, you may find me at the gym, on the golf course, rooting for my favorite Seattle sports teams, or spending quality time with family and friends.