Real Estate demand has increased with Soundview ferry construction commencing at Clason Point Park.
Ferry service is coming to Soundview by the end of 2018. Because of this, neighborhood demand for 1-4 bedroom rentals are increasing.
A recent 4-bedroom at Horizon Lane swiftly leased out at $3,000 per month. The result was a swift transaction, leasing out in the course of just 24 hours. “I was shut out for other 3 bedroom condominiums that were renting. This new opportunity through CFLuxe came and I knew I had act quickly before the market pasted me by”, stated Annie Burrell, a medical professional.
The ferry route should give rise to higher real estate prices for neighborhood condominiums and two family homes. Duplex 3 bedroom condominium prices have produced bidding wars that have driven rental prices to $2,950. The 4 bedroom portion of two-families that have been available for lease 8 months ago were settling at $2,800. However according to this current trend, we could see 4 bedroom rental prices surpassing $3,500 this year.