Seattle Market Review – MARKET HIGHLIGHTS 
By Steve Fuller, Seattle Times
Labor Market: Seattle sets national example for job growth
Retail Market: Southcenter adds retailers
Regional Development: Construction of $2.3 billion Bellevue project begins
Travel: Alaska Airlines says it’s the most fuel-efficient airline
Economy: Seattle-area inflation is lower than national rate
Real Estate Market: Seattle home prices up 11.8 percent over year
Area Stores Opening
• Altstadt to open in Pioneer Square (Seattle)
• Aragona to open in October (Seattle)
• Barnacle to open soon (Seattle)
• Brimmer & Heeltap to open soon (Seattle)
• Hollywood Tavern to open in Woodinville
• La Bodega pop-up to open permanent home (Seattle)
• Le Petit Cochon to open in Freemont (Seattle)
• Liam’s to open in U-Village (Seattle)
• Loulay to open soon near 6th and Union (Seattle)
• Miller’s Guild to open in Hotel Max before the holidays (Seattle)
• Roux to open in Fremont (Seattle)
• The Container store coming to Southcenter (Tukwila)
• JCrew coming to Southcenter (Tukwila)
• Aveda coming to Southcenter (Tukwila)
• Yankee Candle coming to Southcenter (Tukwila)
• Buffalo Wild Wings coming to Southcenter (Tukwila)
• The Joint Corp (chiropractic) opening the first of 23 Seattle area locations in Redmond
• Molly Moon’s headed to University Village this fall (Seattle)
• Ethan Stowell to open “mkt” in Seattle
• Cone and Steirner to open “corner market” on Capitol Hill (Seattle)
Area Stores Moving/Renovation/other
• None
Area Stores Closing
• Francine Seders Gallery to close after nearly 5 decades (Seattle)
Seattle ranks number 2 for overall wage growth among big U.S cities:
http://www.theatlanticcities.com/
Seattle ranked 5th best tech startup city in US:
http://www.entrepreneur.com/article/227829
SEATTLE-AREA HOME SUPPLY SLOWLY INCREASING
By Aubrey Cohen, Seattle PI
There were a few more homes for sale in the Seattle area last month than in July, although the situation remained tight.
Seattle had 1.6 months worth of homes for sale at the current sales pace in August, up from 1.5 months of inventory in
July. King County had 1.9 months of inventory, up from 1.7 months.
But both were down from more than two months of supply a year earlier and well below the four to six months generally
considered balanced between supply and demand.
“What these numbers tell us loud and clear is that buyer demand in the Puget Sound region is still incredibly strong,”
Windermere Real Estate President OB Jacobi said in a listing service news release.
The median price of a house that sold in August was $457,000 in Seattle and $430,000 countywide. That was up 11 percent
and 13.8 percent, respectively, from a year earlier, but down 1.7 percent and 0.9 percent from July.
The median condo price was $297,500 in Seattle and $255,000 countywide. That was up 19 percent in the city
and 31 percent in the county from a year earlier, and 5.5 percent and 10.4 percent, respectively, from July.
In the listing service news release, Prudential Northwest Realty Associates President and CEO Mike Gain said rising prices
and interest rates are not deterring sales because “homes are still more affordable than they have been in decades.”
laurawhitehomes 