Are you looking to buy in 2018?
Wondering which neighborhood (in Seattle) is going to appreciate so you can increase your investment in just 12 months? Yes, just 12 short months!
Then keep reading…
Seattle Magazine & Zillow just published an article last week for their predictions in 2018 – some starting (and not so startling) neighborhoods made the list!
Belltown, 7.8 percent
Delridge, the Industrial District (i.e., SoDo), Highland Park and Riverview, 7.2 percent
Beacon Hill, Georgetown and South Park, 7 percent
Still Appreciating – just not as rapidly!
University District, Laurelhurst, Windermere and Bryant, 3.5 percent
Montlake, Madison Park and Denny-Llaine, 4.2 percent
West Seattle, Alki and North Admiral, 4.4 percent
If you want to move into a neighborhood where the homes are appreciating more quickly than other places, the median home prices in these neighborhoods have had the fastest year-over-year appreciation between December 2016 and December 2017.
Northgate, 25.2 percent
Belltown, 24.9 percent
In some areas of the country, the average home appreciation of these neighborhoods would seem impressive. But in Seattle, median home prices increased most slowly in these areas.
Madison Park, 5.5 percent
Hawthorne Hills, 9.2 percent
Olympic Manor, 9.4 percent
If you are looking to invest in 2018 (and stop wasting your money on expensive rent) then, follow these price points to see where you’re likely to find a house in your range, and where homes are likely to appreciate the most. All figures are for median home prices.
Rainier View, $389,500
South Park, $392,400
Neighborhoods with Homes at about $500,000
Holly Park, $523,200
Neighborhoods with Homes at about $750,000
Maple Leaf, $749,100
Central District, $751,300
Olympic Manor, $972,900
Hawthorne Hills, $1,080,700
Want to dive deeper? Curious about what is on the market in your price range? Shoot us a message, we are happy to help and guide you through the Real Estate process here in Seattle!