These Seattle neighborhoods took the cake 2017, and are starting strong with staggering figures in January 2018. Overall, the Greater Seattle Region has seen increasingly low inventory, raising home prices and heightening competition for homes – and while these issues aren’t unique to Seattle, we are experiencing it most prevalently.
Seattle has grown in several areas in the past year, including the grand reopening of our beloved Pike Place Market and the 2018 reopening of the highly anticipated remastering of the Seattle Space Needle – and the city towers are growing right alongside other areas of economic growth. Check out a three-year time lapse of Seattle’s astounding growth.
But, which areas have growth more than others, in terms of home price or bang for your buck? We’ve compiled a list of Seattle great-growth neighborhoods in Seattle’s not-so sleep streets.
Neighborhood #5 NORTH SEATTLE, with an average of 14.3% increase.
Laurelhurst is a coveted residential neighborhood in northeast Seattle near the University of Washington (UW) and Seattle Children’s Hospital. Waterfront homes enjoy frontage on Union Bay, a part of Lake Washington. The Laurelhurst Beach Club (private) and Laurelhurst Community Center (public) are popular community hubs while nearby University Village offers a hip shopping, dining and social venue for residents and UW students alike. To the north, Wedgwood (map), is a more modest local neighborhood that is undergoing much transition as homeowners rebuild or remodel its predominantly 1950’s homes to transform them into modern and more functional structures suitable for today’s needs. Click here for the full article.
Neighborhood #4 The greater BALLARD are, including neighborhoods such Fremont, Phinney Ridge, Ballard and Wallingford, averaging 14.6% home gains.
Ballard is one of the hippest and most coveted neighborhoods in Seattle. Its close proximity to the burgeoning tech industry in neighboring Fremont and reasonable access to the Eastside via 520 makes Ballard an extremely convenient place to call home. Located in the northwestern part of the city, Ballard houses a vibrant working waterfront and looks out upon Fisherman’s Terminal, the home base for the North Pacific Fishing Fleet. The terminal offers a collection of delicious dining options and is a great place to purchase the freshest seafood. The Ballard Locks enable boat traffic to move from freshwater Lake Union to the salt water of Puget Sound-a 26-foot grade change. Pass a sunny day watching the parade of sailboats, motorboats, tugs, barges and yachts come into the locks, and the water level is adjusted to allow their safe passage to the lake or sound. Shilshole Bay Marina offers moorage for 1,500 recreational boats, a waterfront promenade, and fabulous views of Puget Sound and the Olympic Mountains beyond. Promenade users can stroll over to Golden Gardens Park, a popular beachfront park. Click here for the full article.
Neighborhood # 3 WEST SEATTLE saw a 17% increase from 2016.
West Seattle is aptly named—it represents all of the city located west of the Duwamish River. It is the birth place of Seattle, being the first place settlers established themselves. Gorgeous views from West Seattle of the Seattle skyline, Puget Sound, along with the Cascade and Olympic mountains, have contributed to residents’ love for the area and make this a favorite Puget Sound destination. Alki Point, and its immensely popular Alki Beach, offers sandy beach, lawn, fire pits, volleyball nets and a flat bike and pedestrian trail runs the length of the beach—people who use this trail are treated to some of the most amazing views in the region. Low tides offer extraordinary opportunities to explore tide pools of Puget Sound marine life. Click here for the full article.
Neighborhood #2 SHORELINE, though not entirely within Seattle jurisdiction, saw 19.6% home gains.
North Seattle includes the Cedar Park, Jackson Park, Lake City, Maple Leaf, Meadowbrook, North Matthews Beach, Northgate, Olympic Hills, Pinehurst, and Victory Heights neighborhoods. To the northwest along Puget Sound the city of Shoreline (map) boasts and incredible 404 acres of parkland enjoyed by residents and visitors alike. Its saltwater shoreline, botanical garden, interurban trail, athletic fields, courts and playgrounds draw people to this popular north Seattle community. Homeowners in the North Seattle region have benefited from a surge of sales activity and buyer demand for their modest, affordable homes conveniently located to Seattle’s metro employment centers. Click here for the full article.
Neighborhood #1 And the number one increase from 2016 to 2017 was the BEACON HILL & MOUNT BAKER neighborhoods, who saw a staggering 20% increase year over year.
Beacon Hill in South Seattle, with its distinctive views of the Olympics and Cascades, has tremendous appeal to people who work downtown and commercial developers alike. It is currently a hotbed of activity undergoing significant revitalization as an affordable community close to the Seattle core. To the east, Seward Park, named for the park located on Bailey Peninsula near the south end of Lake Washington, offers coveted waterfront views and access. Between them, Columbia City is an urban center with ample shopping and many cultural local restaurants. Beacon Hill is served by light rail direct to downtown Seattle. The average downtown commute to about 12 minutes, car-free. Given its convenient proximity to I-5 and Interstate 90, a relatively affordable housing market, and its sweeping mountain and Puget Sound views, Beacon Hill has a lot to offer. Click here for the full article.
What areas of Seattle are you keeping a keen eye on? Let us know and let you know what fabulous in that area!