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Million-dollar homes are becoming the new norm in Seattle

  • ​​​A recent report shows that there are 38 ZIP codes in the Seattle area with at least 10 percent of homes valued at $1 million or more. Given the significant increase in population, coupled with arguably the strongest economy in the country. Seattle continues to see a surge in home values. 20 ZIP codes have been added to the list in the last three years.
  • Low inventory and strong demand has made Seattle one of hottest markets in the U.S. Home values in the region grew more than 12.0 percent year-over-year and are expected to increase more than 5.0 percent over the next 12 months. 
  • All sectors of real estate are performing well in Seattle. Office vacancy is currently at 8.5 percent, retail at 3.6 percent, multi-family at 3.3 percent and industrial at 2.5 percent.

Source: JLL Research, PSBJ, Zillow​

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