40 percent of Seattle area homes sell above listAugust 2, 2014 @ 10:13 am
SEATTLE (AP) -- Almost 40 percent of homes sold for above list price between April and June in King and Snohomish counties.
The Seattle Times reports (http://is.gd/Q6z47y ) bidding wars are pushing up home prices in many, but not all, Seattle-area neighborhoods.
In the second quarter, the Seattle metro's housing market ranked sixth nationally for the share of homes sold above list. That puts Seattle behind only five places in and around the San Francisco Bay Area.
Real-estate brokerage Redfin says bidding wars are common in certain neighborhoods where there are few, well-located nice homes for sale.
Bellevue, Issaquah, Newcastle and Kenmore were the only cities in the region where more than half the single-family homes that sold went for above list price. In Seattle, nearly half the homes sold did.
Information from: The Seattle Times, http://www.seattletimes.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Councilwoman Kshama Sawant is upset that Boeing pays less for electricity than residents
What We Learned
Danny O'Neil says the gap between Seattle & the rest of the NFL isn't as big as we thought
Why investors are shifting away from cancer and heart disease research
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.