While many real estate markets across the U.S. continue to struggle, a handful of cities are on the leading edge of the real estate recovery. We've seen increasingly strong signs in the Seattle market in 2012, from sales and prices increasing to inventory dropping to record lows.
A new study also puts Seattle as one of the top cities for investment purposes. Housing Predictor listed the top five cities for price gains over the next five years, and Seattle came in at #4, with an expected increase in prices of nearly 15 percent.
Fourth-best market: Seattle
Expected five-year price gain:14.9%"Seattle has weathered the housing downturn better than the majority of the nation, despite a sizable decline in home values," Colpitts says.
He adds that the Emerald City's stable of large, well-paying tech firms -- from Amazon to Microsoft -- bodes well for real estate prices in the 3.4-million person metro area.
"Higher salaries paid to workers should bolster the housing market," the expert says.
Realtor.com lists roughly 1,800 Seattle homes for sale, from a $60,000 two-bedroom condo to an $18 million waterfront estate.
© Seattle Homes, LLC: - Sam DeBord, Managing Broker, Realtor
Coldwell Banker Seattle: Coldwell Banker Danforth & Associates
Twitter | Facebook | LinkedIn | Sam (at) SeattleHome.com
Data Source: NWMLS - The Northwest Multiple Listing Service did not compile or publish this information.
Comments(0)