Video Transcript – January 2025 Seattle Rental Market Update:
Aaron Janus: As you know, the team at RE/MAX Integrity Property Management team is here to keep you in the know about the Seattle area rental market. As always, for those of you who are interested in owning rental property and curious about what that looks like, we would love to chat with you. In the meantime, we thought we would take a look at some different data this month. Just for fun, we pulled this from Zillow, which is apparently looking at the Seattle Area Rental Market. First of all, they call the market “warm”. Ok, I’ll buy that. It’s certainly warming up now that we’re past the holidays. Next, looking at the median rental price over time. While it does not note the criteria, I’m assuming this is all rentals. Frankly, this seems a little low. The next data point they published are price ranges. This one had me curious. According to Zillow, the range is between $300 and almost $30,000. Now, when I pull up data from the MLS, I see a low end of $1000, for this beut found in the U–district… [showpic]… that’s the front door, by the way, so I’d watch your step. Oh boy. On the other end of the spectrum, the highest price rental I see is in the Bravern in Bellevue [show pic]… this nearly 6000 SF penthouse is currently available for… wait for it… $33,000/mo!
If you are curious about the rental market, or know of anyone interested in exploring real estate, and the amazing investment opportunity that it is, please have them reach out to our PM team at RE/MAXIntegrity Property Management.
Diane Davi: Once again, Happy 2025 everybody and thank you for joining us for our January Market Update. Do you have any questions about the information we shared today? Are you planning to buy, sell, and/or invest in real estate in the near or far future? Call, text, DM us today! We would love to hear about your house goals and how we can be of service to you. Even if you are in the preliminary, sort–of, thinking about it stage of any of the above, still give us a call. It’s never too early to create an outline for your future real estate plans.
Aaron Janus: And finally but certainly not least, Are you looking to purchase a home you can make your own, or thinking of giving your home a fresh update before renting or selling? Our in–house Design Team, JGDesign Solutions is at your service. Have a great rest of your January and we’ll see you next month!
