As long as there are no major economic shocks or major geologic or geopolitical events Seattle will probably keep growing. Barring a real catastrophe any interruption will be temporary and a good time to buy if you are positioned for it. Seattle and puget sound are very well positioned and on our way to becoming a global player as a region. But I suspect that price appreciation is going to have to slow down. Its just getting too unaffordable for too many people too fast at least in close-in areas. That said there are a lot of cities with higher real estate prices, but they also tend to have denser overall housing, meaning you don't need to buy into as big of a patch of dirt. It will take decades for seattle to start looking like new york or hong kong, but it will eventually happen.
Look for a good location property (commuting, schools, neighbors, etc) in need of some elbow grease. How much depends on your skills, etc. But that gives you room to improve the value via your own efforts, and not just rely on the market continuing to appreciate. Maybe find something with subdivideable land in an area that is going to see urbanization/densification, hold it for a while and wait for the infill development to start; sell the extra land while keeping the home.
Just my opinions.
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