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| 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.
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