Luxury Real Estate Tax Seattle

There are more homes for sale than there are active buyers in the seattle real estate market.

Luxury real estate tax seattle.

If the luxury real estate market crashes will the people of seattle be stuck holding the bag. Seattle home values have gone up 2 2 over the past year and zillow predicts they will fall within the next year. But in april 2019 the washington state senate approved a change to the tax according to the seattle times. After the bubble of 2008 cranes stopped in mid air for years in luxury housing havens like new york.

A new graduated rate structure goes into effect on jan. So the luxury real estate tax is one of the many promises voters will hear about in this year s seattle mayor s race. Snyder has more than thirty years of real estate experience specializing in luxury and estate properties. The latest seattle real estate market forecast is that the home prices may decrease by 1 7 in the next twelve months.

In the past month 1192 homes have been sold in seattle. Seattle has long been defined by water rivers lakes and canals that cut though its steep green hills and by the flow of the ocean tides that once anchored its economic life. She represents seattle luxury real estate in broadmoor the highlands madison park washington park denny blaine broadview downtown seattle and the islands. In addition to houses in seattle there were also 1160 condos 643 townhouses and 107 multi family units for sale in seattle last month.

Seattle is a fairly walkable city in washington with a walk score of 74. But for now it won t happen because the city s hands are tied. Leverage washington s real estate excise tax to capture more value.