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Real Estate Guide 2007
Analysis by region
National statistics are meaningful, but in real estate "location, location, location" means local trends trump all.
Analysis by region
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Seattle
Price comparison 2006-2007: Prices soaring -- the bubble's still inflating
In Seattle this year, $400,000 will buy much less house -- and it will likely be a town house rather than a single-family home, says Eve Whitman, a Realtor with Windermere Real Estate. The median home price at the end of 2005 was $335,000 versus $372,900 at the end of 2006 -- an 11 percent jump.

"It's significantly different because the market has continued to increase," says Whitman.

"What you could get last year for $400,000 would have been around 2,200 square feet and still within the city limits," she says. "To get that same thing now would take up to $500,000 or more."

While there are plenty of townhomes, Seattle has few houses available for $399,000 in the city limits, she says.
Seattle
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Property value: $399,500

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Property description

This contemporary townhome, built in 2003, features wood floors throughout the main level, a spacious entryway, formal dining room and living room with a fireplace and custom shelves. "The separate formal spaces are very unusual for townhomes in this area" says Whitman. It also has a large master suite, with seating area, and large closets. Situated in a neighborhood in the south metro area, the home also comes with a two-car garage, a security system and a dog run.
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Amenities

3-bedroom, 2½ baths

1,760 square feet

High-tech cabling

Features: A dining room and living room with fireplace and custom shelves. The kitchen features stainless-steel appliances, granite countertops, a pantry, an eating nook and opens to deck.
Click on a photo to see details.
  


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