Seattle, Washington Real Estate Market Spotlight

As Featured on the Sotheby's International Realty Blog

Written by Morissa Wagner Szmyt

Image Courtesy of SIR

In her blog post about the real estate market in Seattle, Szmyt writes, “Dean Jones, principal of Realogics Sotheby’s International Realty says the supply and demand imbalance is most noted in downtown Seattle amidst robust job growth and within unique and inherently limited product segments such as luxury waterfront and high-rise penthouses. 'There’s a flight to quality,' he said. 'The inventory is dwindling because sales are picking up while would-be sellers are holding out for an expected bounce in values.” Greater liquidity in resale, a gold rush on remaining new construction product and a rise in both interstate and international buyers are credited for the firm becoming a top-ranked real estate office for total sales volume in the Metro Seattle area year-to-date 2012.'"