June 2022
Madison Park Times
Serving East-Central Seattle since 1983
Real Estate
MADISON PARK - WASHINGTON PARK - MADISON VALLEY - DENNY-BLAINE - MADRONA - LESCHI www .M adison P ark T imes . com
A stable investment amid uncertainty W
Even downtown ho would Seattle, a recent have victim of neglect, thought has turned a corner. in 2019 that a global If you have not pandemic would been downtown lead to a real estate lately, go. Start with boom? Today, we a morning at the are faced with a new Pike Place Market, set of uncertainand then walk up to ties: rising inflation, Toby Lumpkin Nordstrom to buy a correction in the Property Views a new outfit. You’ll tech sector of the notice the streets are stock market. cleaner and more welcoming than All of this does not necessarthey were even six months ago. ily mean doom and gloom for This all brings us back to real the Northwest real estate market. The region is fortunate to be estate. Over the mid- and longbuoyed by two of the world’s great term, real estate is a terrific hedge companies, Amazon and Microagainst inflation, and if your soft, and a plethora of smaller timeline is over five years, there is tech companies that offer great very little chance your home will compensation and require a wide decrease in value. According to range of services and professions the Case-Shiller Index, over the past five years, the average home to support them. We also still in Seattle has gone up 82 percent build airplanes, launch new ships with an annualized rate of return and produce a diverse array of of 13 percent. Since 1990, the outstanding wood products.
annualized home price increase has been 6.07 percent for a total return of over 558 percent. During that same period, beginning in 1990, for your home to end up down in value after five years, you had to buy your home between April 2007 and December 2008. In short, your home is a safe and stable investment. It turns out that the greatest
Madison Park | The Reed Estate Waterfrtont Residence: $35,000,000
MOIRA E. HOLLEY
moirα@moirαpresents.com 206.612.5771 moirαpresents.com
return on homeownership may not be monetary. I bought my first home in 1994. Since then, I have raised two curious and energetic children, made countless friends, served on the McGilvra School PTA, coached youth soccer teams and had thousands of informal conversations on the sidewalk with neighbors and people passing by.
Homeownership creates a strong civic and social fabric. Homeownership provides more than a home; it provides a sense of home. Toby Lumpkin | Broker Realogics Sotheby’s International Realty| Madison Park 206-786-2035 tobylumpkin.rsir.com