Gentrification has played a significant role in shaping Seattle's real estate market in recent years. As wealthier residents move into lower-income neighborhoods, property values tend to increase, leading to the displacement of long-time residents and changes in the neighborhood's character.

One example of gentrification in Seattle is the Central District, historically a predominantly African American neighborhood. As wealthier individuals and families have moved in, the area has seen a rise in property prices and a decrease in the African American population. This has led to concerns about the loss of cultural identity and community ties.

Additionally, the impact of gentrification can be seen in the Ballard neighborhood, where older homes have been replaced with higher-priced condominiums and townhouses, pricing out many long-time residents.

References:

• Smith, N. (1996). The New Urban Frontier: Gentrification and the Revanchist City. Routledge.
• Freeman, L. (2005). Displacement or Succession? Residential Mobility in Gentrifying Neighborhoods. Urban Affairs Review, 40(4), 463–491.