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Tucked into a quiet nook, Denny Blaine Beach is a tiny park with a pocket beach. (Image: Rebecca Mongrain/Seattle Refined)

Curious about the fastest growing neighborhoods in Seattle?

The real estate situation in Seattle is a joke. Because it's so ridiculous, you just have to laugh - if you don't, you might just cry.

But it's still really interesting to follow along the spikes, and see just what is happening in which neighborhoods. According to the Seattle Times, the city’s population growth is now twice the national average.

The Times also predicted that Seattle will be America’s hottest real estate market in 2018.

Property Shark reported that at the end of Q3 in 2017, Seattle’s median home price increased 82 percent from 2012. To dig a little deeper, Property Shark went to the neighborhood level to see which neighborhoods had the most growth. They analyzed residential transactions to close in the city during the first three quarters of 2012 and them compared them with all the transactions in the first three quarters of 2017.

Phew, what a mouth full. You got all that? Here’s what they came up with as far as fastest growing neighborhoods:

1. Harrison/Denny-Blaine

Median sale price: $1,660,000
Change in median sale price compared to 2012: $913,750
Number of recorded transactions: 63

2. Laurelhurst

Median sale price: $1,450,000
Change in median sale price compared to 2012: $630,000
Number of recorded transactions: 60

3. Madison Park

Median sale price: $1,350,000
Change in median sale price compared to 2012: $529,125
Number of recorded transactions: 112

4. Mann

Median sale price: $750,000
Change in median sale price compared to 2012: $448,000
Number of recorded transactions: 112

5. Madrona

Median sale price: $993,000
Change in median sale price compared to 2012: $431,125
Number of recorded transactions: 65

To see a further analysis of neighborhood growth, please visit Property Shark’s article!


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