Seattle Is the Nation's Hottest Housing Market… Still

Can you count to 15?

That's how many months the City of Seattle has worn the increasingly heavy crown of hottest U.S. housing market. The median home in Seattle now costs more than $718,000, a 16.2 percent rise over the last 12 months according to Zillow. The Seattle-based real estate company does predict the city's massive gains to simmer down to just 5.7 percent over the next 12 months.

Still, 15 months is an impressive streak. And that got us thinking—which streaks have we beat as the nation's fastest-growing residential market in the country, behind first- and second-place losers Las Vegas and San Francisco?

Lance Armstrong recorded seven straight Tour de France victories from 1999 to 2005. I forget what happened after that.

Retired NBA center Chris Dudley once missed 13 straight free throws in a row, one of which included an air ball.

Pro surfer and Baywatch alum Kelly Slater won 11 world surfing championships, including five in a row from 1994 to 1998.

Okay, maybe we're not quite at legendary status yet, but hey, give it time.

The Seattle-based epicenter of explosive home prices has for some time been distributing its affluent ash across the region, covering the greater Puget Sound landscape with extravagant home prices and happy homeowners—and despondent home buyers. But that's life in the Pacific Northwest right now.

Even while Amazon looks to expand its lush landscape and make traffic stand still elsewhere, plenty more workers will be testing our rich soil in the coming months and maybe years, though they'll be paying a hefty price for a spot in our Emerald garden.

Where might one find their dream home in the foggy future?

MBAKS member Quadrant Homes, for one, is looking to build 63 single-family residences near Laurelhurst on the 17.8 acres currently housing the Talaris Conference Center. If all goes according to Quadrant's plan, the homes would be hot property, with individual lots averaging 5,500 square feet upon which homeowners could enjoy high-end residential living and easy access to everything.

While we wait, we can keep counting months and finding new records to compare to…

Contact:
Master Builders Association of King and Snohomish Counties
p 425.457.7067
pr@mbaks.com

FOR IMMEDIATE RELEASE

Master Builders Association of King and Snohomish Counties Wins Awards for Best Service to Members and Best Community Service Project Conducted

BELLEVUE, Wash., June 12, 2024—MBAKS has been recognized for its outstanding Community Stewardship and GRIP programs with two Awards of Excellence from the Executive Officers Council (EOC) of the National Association of Home Builders (NAHB).

“What an honor it is to have our team recognized for all the work they do to make home happen,” said Jerry Hall, Executive Director. “I’m so proud of the ways in which we’ve been able to give back, through a number of community stewardship projects as well as through the benefits our members receive from the GRIP program."

MBAKS offers member companies an opportunity to gain reimbursements for cultivating safe working environments through GRIP. Over the years, the program has constantly evolved to provide the highest level of service for the lowest cost while prioritizing the safety of member participants.

Since its inception, MBAKS’ Community Stewardship has given back to local communities through volunteer based projects as well as financial contributions. Through two flagship projects, Rampathon and Painting A Better Tomorrow, staff and member volunteers have improved homes and community spaces across the region, including constructing over 600 ramps for individuals and families with mobility issues and refreshing the interiors of more than 20 local nonprofit organizations.

The Association Excellence Awards is an annual program designed to recognize the outstanding accomplishments of state and local home builders’ associations and executive officers in the field of association management. EOC membership is comprised of the staff executives who direct more than 590 NAHB-affiliated state and local home builders’ associations representing more than 130,000 home builders in communities across the United States.

“I am inspired by the outstanding achievements of our local associations that won AEA honors this year. Their dedication to excellence, innovation, and community impact sets a high standard for all of us,” said Natalie Fryer, EOC President and Executive Officer of the HBA of Fayetteville. “These associations are shining examples of what can be accomplished with vision, hard work, and a commitment to quality. Congratulations to all the award-winning associations for their well-deserved recognition. Your accomplishments not only benefit your members but also enhance the entire Federation.”

The winning entries will be added to the NAHB website, so that other executives and associations across the country can access and learn from them in order to provide better service to their own members and community.

For more information on the Master Builders Association of King and Snohomish Counties go to mbaks.com or contact pr@mbaks.com. Learn more about the Association Excellence Awards. 

About MBAKS

The Master Builders Association of King and Snohomish Counties (MBAKS) is the nation’s oldest and largest local homebuilders association, helping to make home happen since 1909. 

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