Whether you’re considering buying, selling, investing, or just playing the waiting game, in an ever-changing (and competitive) market having the most up to date trends are imperative. This year, Realogics Sotheby’s International Realty
presents two reports to inform buyers and sellers in the Puget Sound real estate market. The 2021 Exclusive Report looks at how Seattle’s booming and diverse economy has spurred unprecedented development and population growth with a clear urbanization trend.
Thanks to leading employers on the front lines of enabling essential services and work-from-home plans, Seattle weathered the COVID-19 challenges of 2020 better than many U.S. metros. As we look to the year ahead, this comprehensive report also covers a hot topic that could have an impact on our local market. If signed into law, a new capital gains tax on stocks, bonds, and other capital assets where the profit is in excess of $250,000 annually may be imposed come 2022 (turn to page 24 for more insight into this).
In the second exclusive report, the Case Shiller Market Watch observes a year of strong home price growth amid a shift to remote work. The Index reported that Seattle ended the year ranked second in the nation for residential price growth for an eleventh straight month. The mix of urban, suburban, and exurban development within the metro area means that the Case-Shiller index for Seattle does not only reflect residential prices inside the city but also prices in suburban and exurban towns beyond.
Take a look at our reports below to better understand local market trends, and how this may affect your goals. As always, I'd be happy to connect and answer any questions you may have!