Study: Nearly a third of Seattle homes for sale are listed above $1M
Nearly one-third of the homes for sale in Seattle have a listed asking-price of at least $1 million, according to a new study by an international real estate search portal.
The study, done by Point2, examined the number of "luxury homes" for sale in the 30 biggest cities in the U.S. Seattle was ranked number seven on the list, with 28.1% of listings above $1 million. San Francisco claimed the top spot, with 64.1% of listings above $1 million.
San Francisco also beat out the other 29 cities with the number of homes listed above $3 million (34.2%), while Los Angeles boasts the largest number of homes listed above $5 million (11%). Only 3.2% of Seattle’s available homes are listed above $3 million, and just 1.1% of available homes are listed above $5 million.
The study also examined the number of luxury homes for sale in mid-sized and small cities. The study defines mid-sized cities as ones with a population of at least 150,000, and small cities as ones with a population of at least 50,000.
https://www.seattlepi.com/realestate/article/more-Seattle-homes-for-sale-over-one-million-16350620.php
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