98,000 Homes Needed by 2030?
Yes, it’s true. We’ll need an additional 98,000 homes in the Seattle area by 2030 according to a new report from the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA). We have seen many comparisons of the yearly and monthly increases in dwelling space, but now we have a glimpse of
Read More →Eastside Housing Market Update
Eastside Housing Market Update
June 2017 The hottest real estate market in the country just keeps getting hotter. Despite a large number of new listings, home prices in the Puget Sound area continued to set records in May. According to a Seattle Times article, “For the first time since the 2007 housing bubble, every county in the central Puget
Read More →Welcome to Bellevue Towers
Welcome to Bellevue Towers
NOW PENDING – Bellevue Towers 2712 Sleek urban design in this south facing two bed with nook featuring custom built-ins and a murphy bed. Rich in natural light with extensive upgrades throughout including solar shades, recessed lighting & dimmers, lighting fixtures, and more. Open great room floor plan, dining room, and a private balcony overlooking
Read More →Nation’s Hottest Housing Market
Nation’s Hottest Housing Market
No. 1: Seattle We are not surprised to see that Seattle (followed by Portland, OR) continues to be on the top of the list as the hottest housing market. According to GeekWire, “Seattle’s residential real estate saw a 12.9% year-over-year price increase making it the nation’s fastest-growing city for home prices for the eighth
Read More →The Nation’s Fastest-Rising Home Prices Award goes to …
The Nation’s Fastest-Rising Home Prices Award goes to …
The winner is Seattle! According to the Puget Sound Business Journal, Seattle has the fastest rising home prices in the country followed by Portland and Dallas. In March, Seattle was in the lead with a 12.3% year-over-year price increase. Due to extremely low inventory, the median sales price for a single-family residential home in Seattle was
Read More →Market Watch by your Condo Experts
Market Watch by your Condo Experts
Bellevue Condo Update At Urban Bellevue Living, we consistently stay engaged in all happenings within our community. One of our favorite aspects of doing so is by fielding questions from local residents who rely on our experience and market expertise to guide them in their real estate decisions. Lately, given our historically low inventory,
Read More →Chief Economist Predicts Seattle Recession
Chief Economist Predicts Seattle Recession
Windermere’s Chief Economist Predicts a Seattle Recession? Really?! According to the Puget Sound Business Journal, “Windermere Chief Economist Matthew Gardner anticipates a couple of years before a recession heads this direction.” Calm down! We know what you are thinking … NOT AGAIN! We are here to tell you not to panic. He is not talking
Read More →The new “mini-Seattle”
The new “mini-Seattle”
Downtown Bellevue Residential Projects are on the Rise According to the Seattle Times, Bellevue has become the fastest-growing neighborhood in the city by far with more than a dozen new apartment projects on the horizon. We can now say that downtown Bellevue is becoming a “mini-Seattle” with new apartment towers packing more residents into an
Read More →SAVE THE DATE – Market Update Social
SAVE THE DATE – Market Update Social
Urban Bellevue Living Event To further educate and answer any questions you may have about the local real estate market, Urban Bellevue Living invites you to join us for an evening of appetizers & beverages while listening to Chief Economist, Matthew Gardner talk about what the HECK is going on in today’s market! Free admission
Read More →Eastside Real Estate Forecast
Eastside Real Estate Forecast
Our region is experiencing an ever-expanding population, low inventory, soaring prices, and possible creeping interest rates — here’s some expert advice on what to expect in 2017. By Margo Greenman and Joanna Kresge Prices are on the rise across the Eastside “If you’re trying to buy something for say, under $750,000, you’re priced out of Bellevue
Read More →Welcome to Bellevue Towers!
Welcome to Bellevue Towers!
#NewListing! – 500 106th Ave NE 4th St. #3615, Bellevue BR + Den | 2 BA | 1,909 sf | mls# 1081043 | $1,795,000 Welcome to Bellevue Towers! Rare opportunity to capture one of the most desirable views downtown Bellevue has to offer. Phenomenal end-unit with a private SW facing wrap-around balcony overlooking Rainier
Read More →Eastside Rail Corridor Plan – Approved!
Eastside Rail Corridor Plan – Approved!
ERC Plan Approval As large companies continue to expand into the Seattle area, population growth continues to rise and as a result, the length in travel time for commuters continue to increase. In order to reduce travel time, additional transportation routes must be introduced to avoid congested streets and highways. According to the Bellevue Reporter,
Read More →Amazon’s Biggest Year for Hiring … EVER.
Amazon’s Biggest Year for Hiring … EVER.
Amazon Employee Growth According to the Puget Sound Business Journal, Amazon hired a total of 341,000 employees by the end of 2016. That’s an increase of 110,600 from the year before! Amazon CEO Jeff Bezos announced the plan of adding more than 100,000 employees by mid 2018. Some of those jobs will be headquarter jobs in
Read More →Tales from the Trenches
Tales from the Trenches
UBL Housing Market Reflection As we reflect on January 2017, we see a major increase in buyer activity and the biggest inventory shortage in over 20 years. It is not unusual for sellers in today’s market to receive up to 10 (sometimes 20) different offers. To be more competitive, buyers are waiving many
Read More →2016 Urban Bellevue Living Flash Back
2016 Urban Bellevue Living Flash Back
2016: Sold UBL Favorites With February already approaching, we have decided to do a small trip down memory lane and share with you some of our favorite 2016 Urban Bellevue Living sold listings! Let us know which ones are your favorite! Bellevue Towers 3805 Bellevue Towers 3811 Bellevue Towers 3102 Bellevue Towers 3014 Bellevue
Read More →NOW PENDING!
NOW PENDING!
Bellevue Towers #3605 500 106th Avenue NE #3605, Bellevue, WA 98004 Listing Price: $1,679,000 | 2 bed / 2.5 bath | 2,052 sf | MLS#1068983 The Urban Bellevue Living team is excited to announce that unit 3605 is now pending! This remarkable end-unit with two balconies is the epitome of Urban Bellevue Living. Inside
Read More →UBL 2017 Market Update
UBL 2017 Market Update
“Spring Fever” It may be cold outside, but it sure feels like Spring in our office! By Spring, I mean the Spring Real Estate market. Buyers are on the hunt early this year and are very deliberate with their search for property – but a lack of inventory has them frustrated. 2017 is shaping
Read More →Start Your New Year Off Right …
Start Your New Year Off Right …
Downtown Bellevue is host to some pretty great events throughout the month, that are sure to start your year off right … The holiday break can be taxing so why not treat yourself to a Parents’ Night Out? My Gym offers four hours of games, pizza, and fun for kids ages 2.5+ two Fridays every month. Their
Read More →How does 2017 compare to the projected 2018 real estate market?
How does 2017 compare to the projected 2018 real estate market?
As we transition into the new year the pertinent question is: what does this year bring in terms of market change? Thanks to Windermere, we have a famed economist who provides expert insight on the real estate markets and we happily share it with you: First time homebuyers took credit for 34% of housing purchases
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