This Queen Anne Dutch Colonial is currently on the market for the first time since 1952. You can tell this home has only had 2 owners since its construction in 1919. Even though this house has been updated to have all the right quartz, and all the right tile, in all the right places… it’s still easy to fancy what the house was like when it was first built.
After beginning the year very low, interest rates rose briskly to 4.25% in the last weeks of 2016. The annual average for a conventional 30-year fixed rate mortgage was 3.65% in 2016.
The Seattle real estate market saw the median sale price of single-family homes increase by 12.7% in 2016. The average cost per square foot of Seattle homes increased 13.4% to $353.
Five years into a strong seller’s market, with demand unabated, it appears we will see much of the same in 2017.
There were 8,766 Seattle homes sold in 2016. Of those sales, 2,527 sold below $500,000 and 1,078 had a sale price above $1,000,000.
The median home sale price in Seattle was $620,000.