Seattle Times predicting that 2007 home prices are back!

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If you are in the market for a new home or suddenly find yourself relocating to the Seattle area for your dream job, finding a new place to call home for a reasonable price may be difficult. Two of Seattle’s hottest areas are Queen Anne/Magnolia and Ballard/Greenlake/Greenwood. These neighborhoods are seeing gains of up to 19% over last year.

In an article written on July 16, 204, The Seattle Times is predicting that the housing prices of 2007 are back.

 

In the first six months of the year, the median sale price of single-family homes in King County was $430,000, about 5 percent shy of the peak set in 2007.

In the second quarter, the average price of King County single-family homes sold was $545,886, 10 percent higher than a year ago.

 

A combination of companies such as Amazon, Google and Facebook attracting a strong workforce to the area, low interest rates and a low supply of buildable land is contributing to the rise in home prices.

For the full Seattle Times article please use this link http://seattletimes.com/html/businesstechnology/2024088084_homesalesq2xml.html