Community Post

Home prices up 12-15% since last year in 98122

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For single family homes in 98122 priced below $800,000:  2 years ago there were 70 homes for sale.  1 year ago there were 40.  Today there are 16.

Prices are up 15% (12% based on price per square foot) in the 98122 zipcode for houses priced less than $800,000.  This also happens to be approximately 15-20% more than homes were worth in 2005.

Two years ago there were 70 houses for sale in our area.  One year ago there were 40.  Today there are 16.  The number of sales has remained steady in a range of 15-20 sales per month for the past two years.  I believe that we are on the verge of a severe supply and demand imbalance which will result in dramatic price increases in the next few months.

If you have any questions at all call Dan Sanchez at John L Scott Real Estate at 206-499-9025

The above information is based on my own opinion of the statistics that I gathered and should not be used for any purpose unless independently verified by the reader.

 

3 thoughts on “Home prices up 12-15% since last year in 98122”

  1. Dan, seriously, we can live without the ads. If you want to promote your business, then pay this website to run an ad rather than inserting a make believe “story” to do it. This is the cheapskate’s way and it will win you NO friends in the community.

    • Looks like news to me. An accurate summary of conditions in our neighborhood. My townhouse will be for sale next month.

  2. Actually its true..if you want I will send you the backup numbers. Thank you for your feedback.