National statistics are meaningful, but in real estate "location, location, location" means local trends trump all.
comparison 2006-2007: Prices soaring -- the
bubble's still inflating
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.
different because the market has continued to increase," says Whitman.
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."
there are plenty of townhomes, Seattle has few houses available for $399,000 in
the city limits, she says.
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.
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.