Seattle Soars: Ranked Top Real Estate Market in 2018

(Repost from pwc)

Seattle is the top-ranked market based on a survey conducted by pwc. Seattle is known for being home to tech giants, however, Seattle was identified as being strong across a number of factors, including liveability, and cost.

Seattle (Repost from pwc)

Local property/Market outlook

• Positive outlook for all property sectors in Seattle, with the strongest outlook for investment and development in Industrial and Single Family housing
• Local economic outlook, strong investor demand and an abundance of capital available for real estate investment and development

Demographics and livability

• Population growth in Seattle is twice the national rate and the market is expected to gain nearly 29,000 new residents a year over the next five years, with the population aged 15–34 rising by a total of 17.3% during that same period
• Seattle has a young, educated population (17% with graduate or professional degrees and 37% with associates or bachelors degrees)
• Top ranking for outdoor activities, with 93% of residents with walkable access to a city park
• Seattle is rated as a top 5 culinary market
• Top rated microbrew market with 1 brewery per 19,000 residents

Cost

• High productivity market with the cost of doing business of 103%
• 5-year disposable income growth is projected to be good
• Home prices are at 123% of previous peak
• Affordability index at 106.2, rent as a % of household income 20.8%

Do you live or plan to move to Seattle? Did your quality of life improve in the last 4–5 years? I’d love to hear your thoughts in the comments section below.