King County Homes See Double Digit Rise

Washington Park Home listed for $3,895,000

This has been the third straight month in a row that we’ve seen a year over year price increase in King County, and it’s definitely the largest! According to the Seattle Times, for the first time in five years, we’ve seen a double digit increase, with the median value in homes estimated at $380,000, a 10.1% rise since June of last year. The last time there was a year over year double digit increase was back in 2007, when the median also hit an all time high of $481,000.

After the high, the inevitable countrywide median housing drop occurred, falling nearly 36% nationwide, dropping down to $308,125  this past February. According to the Times, this June was a jaw dropper, with 23 or 29 King County areas experiencing a year over year increase, with 13 of them in the double digits! While not as impressive as King County, Snohomish and Kitsap County also saw slight increases, and condo prices in King County went up nearly 5% as well. For more information on the price of homes in King County, visit Ewing & Clark Inc.

Washington Park Home: $6,950,000

This remarkable private estate in the Washington Park neighborhood was recently listed for $6,950,000, and is noted for it’s stunning Colonial design, and unobstructed views of Mt Rainier, the Cascades and Lake Washington.

This 5 bed, 4.25 bath on E Prospect St has an open floor plan with excellent natural sun filled rooms, great exposure to landscape views and massive floor to ceiling french doors and walls of glass in the entryway. It has a large outdoor pool, a chef’s kitchen and luxury master suite for the Mr. and Mrs. The 3 car garage is a key feature all on it’s own, with an impressive 900+sf of space, so if you’re in the market for a new place in Madison Park, contact Ewing & Clark for more information.

Status:	For Sale
Bed/Bath:	5/4.25
Price:	$6,950,000