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Re: It CAN'T be as expensive as Boston areas
Posted by WMiller (more from WMiller) on Thu, 14 Apr 2005 05:18:04
In Reply to: It CAN'T be as expensive as Boston areas, NickR, Thu, 14 Apr 2005 04:27:52
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Probably not - it _was_ still better than when I lived in San Jose in 1997 - but the market in Seattle is a pretty ferocious sellers market, and prices are rising obscenely fast (faster than could possibly be healthy, IMHO).
I just sold a home on the Sammamish plateau (just a short but slow commute east of Redmond), 198o's construction in pretty decent condition, although needs a kitchen remodel IMHO, decent sized lot (read: not a zero lot line home) with 4 bedrooms, 2200+ sq ft for over 425K (which was well more than I bought it for 18 mos previous, and took under 10 _hours_ to sell). Check out the Seattle Times - median home price in East King County ("the Eastside") is over $350K now.
King County suffers from two things - rapid growth and seriously constrained land availability. There is Puget Sound to the west, rapidly ascending mountains to the east, and dense city for miles to the south and north. There just isn't a ton of real estate available for a rapidly growing market. As a result, most newer homes are either very expensive (>$600K) if they have any sort of lot, but most new homes on the eastside I started noticing a few years ago were being built as "zero lot line" homes - aka "garden homes", aka "you better really like your neighbor". Or you commute in from far, far away, have some land, but pay for it in a harder commute.
All my negativity aside, I still love the Seattle area - and if you can find a job that pays well enough to validate living there (getting harder, just like the Bay Area has been for some time) it's a great place to live and raise a family.
posted by 207.235....
Posts in this Thread:
- off-topic: Redmond Washington quality of life, nt moore, Wed, 13 Apr 2005 16:28:02
- thanks!, nt moore, Thu, 14 Apr 2005 09:23:15
- Re: thanks!, Ted M. (Seattle), Thu, 14 Apr 2005 12:11:45
- Re: off-topic: Redmond Washington quality of life, WMiller, Wed, 13 Apr 2005 20:58:40
- Great quality, not cheap, getting crowded., EricG, Wed, 13 Apr 2005 18:13:17
- Not many of these homes, Sam, Wed, 13 Apr 2005 17:21:05
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