Seattle named #1 real estate development market!
Project Start Date: January, 2018
Project Cost: $1,167,500 per home, including cost of lot. Total of 3 homes $3,502,500
All Homes Under Contract: Total gross sales price for 3 homes: $5,625,000
Price Waterhouse Cooper’s Emerging Trends, now in its 40th year of respected market research, shows Seattle as a top city in the US for growth in both real estate and jobs. Known as home to tech giants and having a well-educated labor force, Seattle has many remarkable strengths:
Population growth in Seattle is twice the national rate
Seattle is expected to gain 29,000 new residents per year over the next 5 years
Positive outlook for all property sectors, with the strongest being investment and real estate development
Seattle is rated as a Top 5 in the United States Culinary Market - this draws young professionals, along with Seattle’s top ranking for outdoor activities
Around a third of people in the U.S. rent. However, in Seattle, the rate is over half. This is partially due to the cost of homes in the Seattle housing market.
These homes are located in a sweet spot of Seattle, just around the corner from the expansive wilderness trails of Discovery Park and across the street from the lovely Ship Canal, but also a very short commute to downtown Seattle.
Below are photos of one of the finished homes!
