The Seattle housing market is tough to beat when it comes to real estate prices. When you go looking for investment properties in the Seattle housing market, it’s not hard to catch a clue of what the Seattle housing market is all about! It’s about the crème de la crème of real estate. When trying to compare two real estate markets together in order to help you decide which real estate market to go for, you must run a complete analytical research to ensure the safety and minimize the risk of your investment. So, let’s take the Las Vegas housing market and compare its stats to Seattle real estate. Is investing in Seattle real estate a smarter real estate investment decision than investing in the Las Vegas housing market?
The Seattle housing market
Seattle real estate dominated the US real estate market for more than two years. Real estate appreciation was a major player with Seattle real estate. Real estate prices have had a steady increase of 13.6 percent monthly. This was the major factor in driving the prices of major counties in Seattle up and keeping them that way! Keep in mind that the Seattle housing market is a tough one to beat thanks to the overflow of properties on and off the market.
Mashvisor’s analytical stats
Let’s take a closer look at Seattle real estate with Mashvisor’s analytical stats:
- Median Property Price: $891,907
- Airbnb Cap Rate: 1.72%
- Airbnb Rental Income: $3,473
- Traditional Rental Income: $2,408
Of course, real estate investment properties are yielding great rental incomes to match the somewhat inflated real estate prices. With an Airbnb rental income reaching $3,400, you better start investing in Seattle real estate to make use of this ever-expanding market.
According to Zillow.com, real estate prices in Seattle have witnessed a slowdown in real estate property values. Of course, the real estate market niche that was affected the most in this whole process is the single-family properties.
If you’re looking to invest in Seattle and unsure about your optimal rental strategy, read this blog post: What Is the Optimal Rental Strategy for the Seattle Real Estate Market 2018?
The Las Vegas housing market
Let’s move on to the simply-fabulous sin city of Las Vegas. With Las Vegas real estate taking a hit from the market crash in the last decade, properties have decreased in value by up to 60%! It was definitely tough being a real estate investor or a homeowner in the city during the market crash, but for those who survived it, it was definitely worth their while!
When it comes to a single case of supply and demand, Las Vegas played it right to get property prices back on track! With low inventory and rising home sales, Las Vegas real estate has increased in values tremendously to cover and exceed the toll taken by the crash in 2008. This success can be also accredited to the employment and population growth. With Las Vegas topping the US cities in both population and employment growth, it makes perfect sense that it does so in real estate values as well! Keep in mind that having jobs, population, and a good supply of real estate can bring any city to life!
Mashvisor’s analytical stats
Let’s take a look at Mashvisor’s analytical stats to better grasp the state of the Las Vegas housing market:
- Median Property Price: $396,956
- Airbnb Cap Rate: 3.68%
- Traditional Cap Rate: 1.33%
- Airbnb Rental Income: $2,475
- Traditional Rental Income: $1,340
The Las Vegas housing market does not need any real estate investor or analyst to vouch for it! Its real estate data can give a grand image of what the market is all about! With an Airbnb cap rate of 3.68%, it makes for the best Airbnb rentals as well as positive cash flow traditional rentals.
Looking to invest in Airbnb Las Vegas? Read this blog post: Airbnb Las Vegas Regulations 2018: What Investors Need to Know.
If you’re looking to buy an investment property to generate some extra cash flow, use Mashvisor’s investment property analysis to find an investment property through the property finder feature. Give it a shot and make use of the 14-day free trial by clicking here.
Seattle real estate vs Las Vegas housing market
Comparing these top-dollar real estate markets and coming up with a sustainable analogy of what both can offer real estate investors in the long-run is not an easy task to accomplish! Let’s take the median property value in the Las Vegas housing market which sits at $396,956. Meanwhile, Seattle real estate properties have a median price of $891,907.
At first sight, one can notice that these two real estate markets sit at different price points. Accordingly, the Seattle real estate market is a saturated market with a slowdown always on the horizon. Keep in mind that the higher a property has appreciated, it might not have enough numerical space to appreciate a little further. Moreover, after real estate appreciation has taken its effect, the real estate market slows down and real estate prices steadily increase along the way. For this reason, the Las Vegas housing market has surpassed the growth rate of Seattle real estate!
Should you still invest in Seattle real estate?
Seattle’s real estate is still a great investment choice when it comes to real estate investing. Any real estate investor can start making money in Seattle real estate through any real estate investment strategy, whether you’re going for wholesaling real estate or just the good old-fashioned buy-and-holds.
It’s always a good idea to conduct a real estate market analysis, no matter what real estate market you’re choosing to invest in. Through a real estate market analysis, a real estate investor can find out the cap rate, cash on cash return, and even the Airbnb occupancy rate for any possible investment property.
Read this blog post to know further about a real estate market analysis: Why Is It Crucial for Every Real Estate Investor to Do a Real Estate Market Analysis?
Final Thoughts
Real estate investing and making money in real estate is not an easy task to achieve without proper knowledge. So, take the time and learn about real estate investment markets and how you can work the market statistics to your advantage, and ultimately, your pocket! Start real estate investing today for tomorrow’s return on investment!
If you have any more insights on the topic, please share them with us in the comments section below.
