Seattle Rental Scene Heats Up

Seattle ApartmentAccording to Bloomberg.com, U.S. apartment and rental vacancies have decreased over the last few months, which have allowed landlords and apartment buildings to increase rental rates.  There have been a large amount of families relocating to Seattle with companies such as Amazon, Fred Hutchinson, local hospitals, and other companies going through hiring frenzies.  Many of these families are in no rush to purchase since they aren’t sure which Seattle neighborhoods they would prefer to live in and most have the luxury of temporary housing.  Larger companies tend to offer temporary housing which allows tenants the time to learn more about which neighborhoods they would prefer to live in and at the same time leads to a decrease in Seattle apartment vacancies.  Owners of single family rental homes throughout the Puget Sound area have benefited from those tenants looking for the perfect home for their family and preferring a house over an apartment.  These owners benefit due to a lack of inventory and a large amount of families searching, which consequently has allowed landlords to obtain higher rental rates. To read more about a decrease in vacancies and an increase in the Seattle rental rates, please read the article here.

Elegant Eastlake Rental- AVAILABLE

This elegantly appointed 2 bed, 2.5 bath Eastlake condo also includes a den and has views of Lake Union and Downtown Seattle. From its sophisticated aesthetic to its steel and concrete structure, this home offers the finest materials and design. This newly painted condo has an amazing open floor plan with European hardwoods, 9.5 foot ceilings, and gas fireplace. The kitchen contains stainless steel appliances and granite counter-tops. The condo has over 30 feet of roof top deck with full Western Views.  Please follow the links to find full listing details and photos of the home, check out Craigslist Seattle or search other Seattle luxury rentals.

Status: For Rent
Bed/Bath 2/2.5
List Price: $3,499/mo

Elegant Eastlake Rental- AVAILABLE

This elegantly appointed 2 bed, 2.5 bath Eastlake condo also includes a den and has views of Lake Union and Downtown Seattle. From its sophisticated aesthetic to its steel and concrete structure, this home offers the finest materials and design. This newly painted condo has an amazing open floor plan with European hardwoods, 9.5 foot ceilings, and gas fireplace. The kitchen contains stainless steel appliances and granite counter-tops. The condo has over 30 feet of roof top deck with full Western Views.  Please follow the links to find full listing details and photos of the home, check out Craigslist Seattle or search other Seattle luxury rentals.

Status: For Rent
Bed/Bath 2/2.5
List Price: $3,499/mo

Two Downtown Seattle Rentals- AVAILABLE

Ewing & Clark has two one bedroom rentals currently available at the Newmark Tower. One of the rentals is a completely remodeled  condo unit of the 23rd floor, south facing with beautiful view of Downtown Seattle and partial view of Puget Sound. Floor to ceiling windows to allow natural light all day long. Enjoy the view from the Juliet deck or from either the living room or bedroom. Parking and storage included with rent. The second unit is a 1 bedroom + den on the 7th floor. Building amenities include: 24 hour concierge and security, indoor pool, business center, fitness center, hot tub, sauna, and common deck. One block away from the Pike Place Market. To learn more information about these properties, please contact Ridge Marshall.

Stunning Leschi Home w/ Views – RENTED

This beautiful Craftsman-style Leschi home with sweeping Lake & Mountain views was just rented by Ewing & Clark, Inc. This rental featured a main floor-living room with gas fireplace, formal dining room with access to view deck, kitchen with granite counters and top appliances, family room off kitchen with sliders to rear deck and yard, half bath and gleaming hardwood floors throughout. Please contact Garrett McGuire or Nate Pearson if you would like assistance in renting your home.

Status: Rented
Bed/Bath 5/3.5
Last List Price: $3,295/mo

Stunning Leschi Home w/ Views – RENTED

This beautiful Craftsman-style Leschi home with sweeping Lake & Mountain views was just rented by Ewing & Clark, Inc. This rental featured a main floor-living room with gas fireplace, formal dining room with access to view deck, kitchen with granite counters and top appliances, family room off kitchen with sliders to rear deck and yard, half bath and gleaming hardwood floors throughout. Please contact Garrett McGuire or Nate Pearson if you would like assistance in renting your home.

Status: Rented
Bed/Bath 5/3.5
Last List Price: $3,295/mo

New Scam in the Seattle Apartment Market

According to the Seattle Times, there’s a new scam in the housing market. Online scammers advertise listed homes and foreclosed properties as for rent on popular rental websites such as Craigslist, with potential renters sending a deposit before receiving the keys. Be wary if the deal looks to be good to be true and/or the “property manager” asks you to wire funds through Western Union or Moneygram without letting you see the rental unit. For more details and tips, please read the article here.

Seattle Apartment Construction Improving Seattle Housing Market

Due to the influx of apartment construction, 2011 will be the first year since 2007 where housing construction will help the economy grow. There has been a surge in apartment construction, as signaled by the cranes in Ballard and South Lake Union, as well as an increase in permits, signaling future construction in Seattle.

For every new home that is built, it creates three jobs and adds $90,000 in taxes. For more details, read the Seattle Times article.

Seattle Apartment Construction Improving Seattle Housing Market

Due to the influx of apartment construction, 2011 will be the first year since 2007 where housing construction will help the economy grow. There has been a surge in apartment construction, as signaled by the cranes in Ballard and South Lake Union, as well as an increase in permits, signaling future construction in Seattle.

For every new home that is built, it creates three jobs and adds $90,000 in taxes. For more details, read the Seattle Times article.