Redfin, the Seattle-based real estate brokerage company, just released a list of the 30 most competitive neighborhoods in which to buy a home in tech-centric states. These neighborhoods are in Seattle, San Francisco, Boston and Portland, Oregon. According to the December 29th, 2015 article in GeekWire - the Seattle area is now home to 13 out of the 30 most competitive neighborhoods for home buying with multiple bid situations and limited inventory. Check out the last column in their chart - ratio of all cash offers nearing 50% in certain Seattle area communities.
On the Eastside of Lake Washington, all the neighborhoods can be found within commutable distance to Microsoft, Nintendo and Google's offices. The Lake Washington School District (LWSD) serves these neighborhoods - with the exception of Newport falling into the Bellevue School District and highly regarded Newport High School. LWSD is the fastest growing school district in the state - going from the 5th largest to the 3rd in just one year. The LWSD district is hoping to pass a school bond measure next election, as all have failed over the past 5 years. School facilities have not kept up with demand and several schools have severe overcrowding and are in need of upgrades.
For the Seattle city neighborhoods, the majority on the list fall within the Northwest boundaries of the city and feed into the well regarded and more urban Roosevelt High School and Ballard High School. Again, the district is feeling the squeeze with school overcrowding and rethinking boundaries with more families of school age children moving into Seattle neighborhoods.
For families with children, it continues to be important to look at schools, district management and potential boundary adjustments as an important part of your housing decision.