What Does Median Price Buy you in Each Area Around Puget Sound?

Recently the Seattle Times published an article about Seattle being the hottest real estate market in the country. This phenomenon has been taking place for over a year and experts don’t see this slowing down. According to the Case-Schiller Index, over the last 5 years since the market started to recover from the downturn, there has been an 80% increase in prices! I thought it would be interesting to take a look at the median price in each of our market areas to illustrate the price differentiation and affordability. If you are curious how this increase relates to your home, please contact me. It is my goal to help keep my clients informed and empower strong decisions.

North Snohomish County

Sale Price:  $380,000
Bedrooms/Bathrooms:  3/2
Square Footage:  1,551
Year over Year Appreciation:  13%

South Snohomish County

Sale Price:  $500,000
Bedrooms/Bathrooms: 3/1.75
Square Footage:  1,784
Year over Year Appreciation:  14%

North King County

Sale Price:  $715,000
Bedrooms/Bathrooms:  3/1.75
Square Footage:  1,980
Year over Year Appreciation:  14%

Seattle Metro

Sale Price:  $725,000
Bedrooms/Bathrooms:  3/1.75
Square Footage:  1,780
Year over Year Appreciation:  14%

Eastside

Sale Price:  $855,000
Bedrooms/Bathrooms:  4/2.5
Square Footage:  2,170
Year over Year Appreciation:  14%

South King County

Sale Price:  $400,000
Bedrooms/Bathrooms:  3/3.75
Square Footage:  2,400
Year over Year Appreciation:  13%