Strong real estate sales are dependent on a strong economy. Waterfront home sales, in particular, rely upon a strong supply of high-income executive and senior management-level employment to sustain sales.
It's looking like Seattle's current economy is fairly strong, relative to the overall stagnant economy in the U.S. Our metropolitan area had the top-ranked economy out of over 350 markets in the country, according to one research firm. While the labor market here might not be as bright as in years past, it's got a bit more shine than most.
Puget Sound Business Journal (Seattle)
A study by a Florida research firm says that the Seattle area's economy is the best in the country.According to Policom Corp., an independent economic research firm that specializes in analyzing local and state economies, out of the nation's 366 metropolitan statistical areas, Seattle-Tacoma Bellevue rates No. 1, moving up from last year's No. 12 ranking. In 2006, Seattle-Tacoma-Bellevue ranked No. 51 in the country. The company uses 23 different economic factors to create its rankings.
According to Policom, the highest-ranked areas have had rapid, consistent growth in both size and quality for an extended period of time. The lowest ranked areas have been in volatile decline for an extended period of time and Policom has created economic strength rankings since 1996.
Here are the nation's top 10 markets of all 366 markets.
2010 Ten Strongest Among 366 Metropolitan Areas
1. Seattle-Tacoma-Bellevue.
2. Washington, D.C.-Arlington, Va.-Alexandria, W.V.
3. Denver-Aurora-Broomfield, Colo.
4. Houston-Sugar Land-Baytown, Texas.
5. Sacramento-Arden-Arcade-Roseville, Calif.
6. Salt Lake City, Utah.
7. Des Moines-West Des Moines, Iowa.
8. San Diego-Carlsbad-San Marcos, Calif.
9. Madison, Wisc.
10. Dallas-Fort Worth-Arlington, Texas.
Current Listings:
Seattle Homes For Sale
Seattle Waterfront Homes
Seattle Houseboats and Floating Homes
Sam DeBord is a Realtor and real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro. Sam can be contacted at (206) 658-3225 or Sam(at)SeattleHome.com. Listing and photos courtesy NWMLS and Patrick Ross, Quantum Group. The Northwest Multiple Listing Service did not compile or publish this information.
Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros
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