Seattle’s Growing Strong, Despite US Recession

Seattle WA real estate is thriving. In fact, the city’s growing at such a rapid rate, it’s halfway to reaching its targeted housing growth for 20 years (in just over 3 years’ time!) Some of the neighborhoods – including Ballard, Eastlake, Greenlake, the Central Area, Lower Queen Anne and downtown – have already surpassed their 20-year targets. Ballard has had the fastest growth, adding 287 completed housing units, with 1,452 more under construction.

Councilmember Nick Licata says that the growth has been responsible, but there could be some improvements. “Now’s the time for us to step back and ask ourselves if we are accompanying that growth with improvements to our public services, cultural amenities and open spaces.”

In Eastlake, the second fastest growing neighborhood in Seattle real estate, they’re at 158% of its residential growth target. “While some Eastlake residents might mourn the change of their neighborhood, others appreciate the urban vitality they see growing up around them,” explains Eastlake Community Councilman Matthew Stubbs. “I would not day there is a universal cry to halt development but there are some common desires for our neighborhood that I hear repeatedly.”

He went on to say the people living in fast-growing Seattle WA real estate desire infrastructure to keep pace, reliable mass transit, access to neighborhood schools, well maintained green space and community gathering places.