What is the Current Market for Real Estate in Arlington?
October 19, 2017
The value of Seattle area homes has been rising at more than twice the United States average since July of this year. The market for real estate in Arlington and adjacent metropolitan areas is hotter than ever.
The Case-Shiller National Home Price Index reveals that prices of homes in Seattle has risen 13.5% from year to year. As a matter of fact, the city of Seattle ranks 7th in the nation with the number of $1 million neighborhoods, with a total of 38, as stated by Zillow. Unfortunately, an additional report by Zillow reports that partially due to lack of housing, there is also a growing population of displaced individuals.
Savvy construction developers continue to erect apartments at a rapid rate but demand for housing seems to be higher than supply due to the constant incursion of new residents and business professionals and probable buyers who must rent until affordable homes become available.
There is a great deal of competition for homes in the lower price ranges, while pricing for luxurious houses is more static, according to Case-Shiller data. Current trends indicate that prices are evening out somewhat, which is good news for buyers in every location and budget.
For up-to-date information on real estate in Arlington and surrounding communities no matter what your price range, neighborhood or list of amenities, contact Lacey Lingenfelter at New House Match by calling our office at (425)268-0347. We have the necessary expertise and resources to locate the home of your dreams without exceeding your existing funds.