Ready to Invest in a Seattle Home? These Facts on Seattle Appreciation May Surprise You
- Matt Miner,
- April 7, 2016
Recently, I discovered a new tool that actually allows me to look at a certain neighborhood with the home’s appreciation rates broken down by era home, size home, bedroom counts, etc.
Of course, you can do this on the MLS too, but the amount of time it would take to do it for each zip code would be quite the undertaking, to say the least. Furthermore, the tool I found uses same house sold twice to calculate the data. This allows me to see trends in the market easier than testing it on the MLS for accuracy… which I’m doing.
It’s a bit preliminary, but I’m already noticing a pattern as I look at the numbers. Here are a few of my observations:
If the pattern I’m noticing turns out to be true, this will be the first time I’ve seen this pattern in Seattle’s real estate market. The cause of this could be simply that single family homes have been driven from affordability by the bulk of Seattle’s buyers resulting in buyers shifting to smaller, more affordable units.
I’ll have more results next week for everyone!
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