RE/MAX On Market’s managing broker and owner, John Manning, was recently quoted in this Forbes article on million dollar homes. The article discusses the wide range of homes a million dollars can get you in various major cities.
It’s interesting to note how the million dollar homes landscape has changed in Seattle over the past several years. Manning says,
“It was not so long ago that most of the $1 million homes in Seattle were concentrated in a few well-known neighborhoods such as Queen Anne or Laurelhurst. This changed around the same time that Amazon, Google, Facebook and other great technology companies began to exponentially expand their workforce presence in the city. Today, $1 million homes can be found in almost every Seattle neighborhood and surrounding cities.”
The Seattle median home price hit $820K this year in April, but growth has slowed considerably in the subsequent months. Still, year over year, home prices continue their upward trend.
Read the whole Forbes article here.
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