Puget Sound, a stunning coastal community in Washington State, stretches 95 miles along the Pacific Ocean and encompasses unparalleled natural beauty. Let’s explore why the Puget Sound region is an enticing destination for your consideration in 2024.
Seattle is a vibrant melting pot of culture, nature, and the arts. Exceptional coffee and exciting year-round events surround Seattle residents, and a steadily rising GDP promises opportunities for both workers and job creators.
Tacoma, home to art galleries, museums, and a variety of employment opportunities, is an outstanding destination to establish roots. The city offers a continuous array of music events and festivities, a trend likely to persist with Tacoma’s rising population.
Tangible enthusiasm resonates throughout the Puget Sound real estate scene, as highlighted by December 2023 data from Redfin. Tacoma, Seattle, Everett, and Bellevue emerge as hotspots with highly competitive markets. For starters, over 30% of homes in both Tacoma and Everett sell above their listing prices. And Seattle and Bellevue witness 18.4% and 19%, respectively, of homebuyers willing to pay more than the initial asking price.
Sellers overwhelmingly have the advantage in Puget Sound’s real estate market, as many homes receive multiple offers and exit the market in less than a month. Buyers seeking to get ahead of the curve may need to outbid their competition to secure their desired properties.