Posts tagged San Francisco
Seattle's 18-Month Ride is Still Far from Over

Now halfway into its second year, Seattle’s nationwide lead on the S&P CoreLogic Case-Shiller Home Price Index is once again widening on a monthly basis. Gains that seemed to be slipping away last summer have rebounded, with February’s monthly increase exceeding that of January by 1.74 percent to 0.72 percent, for a 12-month average gain of one percent per month.

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The respite is over; Seattle home prices regain their blistering pace upward

While Seattle’s lead over other Pacific Coast gateway cities slipped slightly in September and October 2017, by December, the city had recovered its monthly lead over home prices in San Francisco and San Diego. The Puget Sound region ends the year with a record 16th consecutive month leading the nation on the S&P CoreLogic Case-Shiller Home Price Index.

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San Francisco Nips at Seattle's Heels in Latest Case Shiller Index Results

Having briefly subsided from September into October, residential prices in Seattle resumed their upward trek, with the index turning positive by 0.18% in November. The official report from Case Shiller noted that “Seattle, Las Vegas, and San Francisco reported the highest year-over-year gains among the 20 cities. In November, Seattle led the way with a 12.7% year-over-year price increase, followed by Las Vegas with a 10.6% increase, and San Francisco with a 9.1% increase.”

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Seattle Home Prices Still Leading Year-Over-Year, But Inch Downward for a Second Month in a Row

S&P/Case-Shiller’s Home Price Index for October 2017 showed the Seattle Metropolitan Area as remaining 12.7 percent higher than twelve months ago, and continuing to lead all Pacific Coast gateway cities as well as cities across the nation. However, this was the second straight month in which the Seattle index declined on a monthly basis, although by a shallower percentage (-0.07%) than the -0.28% seen in September. October’s decline appears to confirm the end of the historic 31-month streak of continuous price growth in the Puget Sound region, even while it retains its nationwide lead for a 14th consecutive month.

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FutureCast Forum's After Hours Event Furthers a Discussion About Seattle in 2020 and Beyond

Scores of guests assembled at MG2 Architecture in downtown Seattle during an evening reception on September 28th about the future of the Seattle and Bellevue metro area in the next decade. The town hall-like event was a continuation of provocative conversations started during the BISNOW “State of the Market” event hosted earlier in the week, which was attended by more than 400 industry stakeholders and local media.

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