What does the year 2017 have instore for seattle apartment prices? (rental, condo)

[thatguy950]

Originally Posted by annonymous0381

Northgate is a short bus ride or drive to Ballard.

Yes, it's also a quick hop to Fremont, but prices sure are on a different level.

[annonymous0381]

Originally Posted by thatguy950

Yes, it's also a quick hop to Fremont, but prices sure are on a different level.

As long as i can get to downtown seattle,fremont,ballard and capital hill easily by bus from northgate im a happy camper.

[thatguy950]

Originally Posted by annonymous0381

As long as i can get to downtown seattle,fremont,ballard and capital hill easily by bus from northgate im a happy camper.

If I were a bus rider and renting in Seattle there is no way I'd live in Ballard or Fremont over Northgate for twoce the price, I'd be doing exactly what you are.

[annonymous0381]

Originally Posted by thatguy950

If I were a bus rider and renting in Seattle there is no way I'd live in Ballard or Fremont over Northgate for twoce the price, I'd be doing exactly what you are.

Paying twice the price living in Ballard or Fremont isnt worth the money. And yes i am a bus rider.

[annonymous0381]

When in lived in LA i had a car. A few months before moving to seattle my 1999 toyota camrys transmission went out.

[jakebarnes]

I expect that rent increases are going to slow in the central areas. (Not decrease though) I work in tech and not everybody who works for a tech company can afford 3k a month rent. There's more vacancy signs around Capitol Hill, especially in the newer buildings, so the high end may be seeing some softening.

[annonymous0381]

Originally Posted by jakebarnes

I expect that rent increases are going to slow in the central areas. (Not decrease though) I work in tech and not everybody who works for a tech company can afford 3k a month rent. There's more vacancy signs around Capitol Hill, especially in the newer buildings, so the high end may be seeing some softening.

In capital hill i have seen alot of older buildings built in the 1920s offering reduced rents.

[Bolo99]

Originally Posted by annonymous0381

Even though i already have a 1 bedroom apartment in northgate seattle that i have lived in since july 2015 im just curious as to what 2017 will be for seattle apartment prices?? My lease doesnt expire until august 2017.

I feel really sorry for my old friends amd x girlfriend struggling in the san fernando valley region of los angeles,California unable to find a one bedroom apartment for less than $2,000 a month. A friend of my moms has a son in woodland hills,California paying $2200 a month for a basic one bedroom apartment.

In northgate seattle i pay $1200 a month for a one bedroom with a washer and dryer inside the unit. Currentlyy landlord is charging $1300 a month for units silar to mine now.

I see apartment rent prices will continue to rise in the Seattle area.

[OneTimeSEALover]

Originally Posted by Hemlock140

There are many new high rise apartments being built that will be completed this year, but it won't help with prices. They will be in the $2,500-5,000 range. With so many people still moving here without the skills for the $100k+ jobs, the lower rent apartments will remain hard to find, and landlords will continue to raise the rent. I expect this to create more demand and higher rent in outlying areas, with longer commutes.

Wrong destination if your skills are down at minimum wage level. The country really needs more training so that people earn enough money for moderately priced housing. Nobody seems to build anything but upscale.

[mhays25]

Seattle is creating much of its housing price problem.

A developer recently bought a piece of land for something around $100,000 per future unit. A few years ago half of that price would have been amazing. The huge price is because only 15% of the city allows multifamily, and most of the sites with willing sellers are taken.

So god forbid we allow accessory units in single-family areas, small areas of upzones, and so on.

Rezones in the U District etc. will help but on nothing like the scale we need.