January 2010 outshines January 2009 home prices: rising 3.8% in the city for King County.
This shifts the median price from $400,000 to $415,000. Median being half the homes are lower and half the homes are higher than this figure.
According to a Seattle Times article today, people are searching for homes that are closer to the city’s amenities because now homes are more affordable. They want to live closer to work, their friends, schools, and community. So buyers want the whole package and now they can take their pick from some amazing homes on the market right now.
At Cooper Jacobs, we’ve noticed walkability has been a big trendsetter lately. Our buyers want to walk to grocery stores, bus stops, theaters, great local restaurants and even schools. We use www.walkscore.com frequently to help our buyers get a better idea of what is less than 1 mile around the property.
Unfortunately, the suburbs have dipped a bit in the red, dropping 2%. High gas prices back in 2007 didn’t help homes being foreclosed on in these areas either. Less time in the car is what people want. They no longer have to drive until they find a home to financial afford.