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How Far Do Your Real Estate Dollars Go?

Posted by Johnine Larsen on July 11, 2016
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Home prices keeps rising. In fact, Washington State home prices are rising faster than in any other state in the Union—Washington now ranks among the top five states for priciest homes overall. We sit right below Hawaii and California.

Of course, price and price-rise differs wildly across the state. Take San Juan Island, for instance. The median home there costs a staggering one million dollars. Yet in Grays Harbor, median home price bottoms out at $141,000. Across the state, median home price hovers just above $305,000 (note: this is the first time Washington as a state has passed the real estate highs of 2007).

How about the price-rise? Well, state-wide, that $305,000 median price represents a 37-percent increase from four years ago. Just in the past year, home prices in metro areas have jumped 5 percent. The exception: Wenatchee, where prices dropped 3 percent. If you want cheap housing: Grays Harbor and Wenatchee, folks.

But for those of you who want to stay in King County, you’re looking at a median home price of $508,000. Let’s break that down further, shall we? We’ll do this two ways: (1) we’ll look at median price in various neighborhoods, and (2) we’ll look what $1,000,000 gets you in various neighborhoods.

 

Median Real Estate Price Across King County

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Capitol Hill: $528 per square foot (average). Typical home: 3 bedroom, 2.5 bath, 1,320 square feet. Views of Mt. Rainier and the Cascades. $699,000.

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Medina: $697 per square foot (average). Typical home: 4 bedroom, 3.25 bath, 4,043 square feet. 1993 rambler on 0.37 acres. $2,819,000.

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Bellevue: $442 per square foot (average) Typical home: 3 bedroom, 1.75 bath, 1,830 square feet One-story home built in 1952 on a 0.26 acre lot.

 

$1,000,000 Across King County

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Haller Lake: 4 bedroom, 3.5 bath, 3,633 square feet. Brand-new, modern house. $1,025,000.

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Denny Triangle: 2 bedroom, 2 bath, 1,296 square feet condo. Located inside a hotel (read: include perks), and with a private deck overlooking South Lake Union. $1,040,000.

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Broadview: 4 bedroom, 3.5 bath, 3,080 square feet. Views of the Puget Sound. $1,050,000.

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Greenwood: 3 bedroom, 2.25 bath, 2,700 square feet. Passive House Certification. $1,050,000.

1_952393_15_1464765039.0Cedar Park: 5 bedroom, 2.5 bath, 3,150 square feet. 1962 midcentury home. $1,025,000.

 

  • Sarah Donaldson
    Sarah Donaldson
    18:44 18 Jul 19
    Darcie was such a joy to work with. She felt like family during the sale of our house and the search for our new home. We may have found our forever home, but if we ever need a Realtor in future, Darcie from Real Estate Gals will be our first call.
    Brian Heagler
    Brian Heagler
    16:55 02 Jun 19
    I have worked with Johnine and her team for 19 years and have always received personal, knowledgeable and professional service and attention! There is never and pressure and they will guide you away from a property when appropriate, which is always appreciated when a market is hot and the tendency is to move quickly. I trust them and have never been let down!
    Anne Slater
    Anne Slater
    18:03 25 May 19
    Johnine Larsen is fabulous! She listened and came up with ways we could get what we wanted in a house and stay within our limited budget. When we found the house we wanted, she moved super fast to get the house inspected and implemented creative ideas to make our offer appealing. And out of 13 offers, we were selected and got our house. I recommend her to anyone buying a home.
    Amy Burdick
    Amy Burdick
    19:13 24 May 19
    Real Estate Gals made sure we found our perfect house! Then, when we were up against other bidders, Johnine worked tirelessly to ensure we were tops! Her extensive real estate experience combined with exceptional character and integrity provided peace of mind throughout the process. She also made sure we received the right value as a seller and got the transaction done quickly and efficiently. Simply stated: there is nobody better to help you find your dream home.
    Bill Hollman
    Bill Hollman
    22:21 19 May 19
    I'd give Real Estate Gals 6 stars if I could. We have used them multiple times, both in selling and buying homes in Seattle and the surrounding area. I can't say enough about the professionalism, knowledge, and patience they bring to the task of buying a new home, or selling your current residence. And they know the Seattle area so well, they'll offer valuable insights into the pros and cons of any location you may be to considering. Look no further, call Johnine at Real Estate Gals. You will be glad you did!
    Beth Guerra
    Beth Guerra
    01:14 18 May 19
    Johnine was a breath of fresh air in the real estate market. She listened intently to our wishes and goals, and was tireless in her search for our perfect house. She is well versed in both Seattle and the surrounding areas. She made sure all the details were taken care of after the inspection, and made the closing process seamless. She even gifted us with a housewarming present. Nearly 7 years later, we still receive holiday cards and well wishes. I highly recommend Real Estate Gals and will look no further in the future.
    Aidan Key
    Aidan Key
    15:44 17 May 19
    Johnine and the Real Estate Gals brilliantly took us through the home buying process two different times. Their willingness to educate (I was new), hear our home hopes, and support us through the process are a few of the reasons that I highly recommend this team. Speaking of a team, I love their collaborative business model - it meant that we--the home buyers--always had a returned phone call and an ability to look at a house on OUR schedule. Truly felt like they place the customer first!
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