Home prices in Seattle and the surrounding areas are escalating at a record breaking pace. The Wall Street Journal recently called Seattle “The New San Francisco.” Most feel that conditions won’t change any time soon (or ever), and that Seattle is becoming permanently unaffordable to many would-be buyers, especially those creative artists and artisans who helped build this unique and increasingly desirable metropolis. Even when the market does eventually slow from its current breakneck pace and inventory balances out, prices will not likely ever come down below where they are now. Prices have risen more than 20% in the last year and show no signs of slowing:
As more and more people move into dense urban areas, and access to light rail and other public transit continues to improve, West Seattle’s close proximity to the city’s downtown core will making it more and more desirable and drive up property values at a rapid rate. Purchasing this property right now is a fantastic opportunity for us to secure our family’s beautiful home and a desirable low-risk investment for someone with available capital to lend. If you are interested in investing, or would like more information, please get in touch.