83,000 new jobs +/- in the tri-county region surrounding Seattle have certainly made their presence felt. Couple that with crazy-low interest rates and it’s no wonder that housing demand is so strong. The neighborhoods of North Seattle and Queen Anne-Magnolia stood apart from the crowd with record year-over-year increases in the average sale price for Q3—but other Seattle communities still fared quite nicely with Seattle posting an overall 12.4% Q3 gain.
North Seattle (22.1%) saw the highest gain in year-over-year average sale price, followed by Queen Anne-Magnolia (17.6%), Mount Baker-Beacon Hill (14.3%), Madison Park-Capitol Hill (12.6%), West Seattle (10.3%), Ballard-Greenlake (9.8%), Lake Forest Park-Kenmore (6.9%), and Richmond Beach-Shoreline (3.9%).
Click here for the full report and to see how prices have changed in your neighborhood!
© Copyright 2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.