You Cant Afford It: 40 Percent of All Homes for Sale in Seattle Are Listed at More Than $1 Million
Confirmed: You can’t afford a house in Seattle.
The real estate website Estately has released a report showing that nearly 40 percent of all houses on the market in Seattle are listed at more that $1 million. What’s more, by this metric, Seattle ranks only 10th among King County cities.
If you’re selling a house in Mercer Island, it is quite likely that it costs at least $1 million— as in 95 percent likely. Bellevue is second with with 81 percent and Sammamish third with 66.7.
The data is drawn from February listings, meaning it’s a snapshot in time. According to the data, no house in SeaTac, Maple Valley, and Kenmore were listed at more than $1 million.
If it makes you feel better, buying a house in King County is pricey but still not as bad as in California.
Read more: http://www.seattleweekly.com/news/you-cant-afford-it-40-percent-of-all-homes-for-sale-in-seattle-are-listed-at-more-that-1-million/