Tuesday, June 17, 2014

Luxury Home Sales in Seattle

Seattle ranks No. 7 in the country for the number of million-dollar homes sold from January 2012 through March 2013, according to real estate broker Redfin.

The Eastside 98004 zip code, which includes Clyde Hill, Hunt’s Point, Yarrow Point and Northwest neighborhoods, had 268 million-dollar-plus homes sold over the 15-month period, making it the most luxurious market in the Seattle-area, Redfin reported.

Seattle's 98112 zip code, which includes Capitol Hill, had 122 million-dollar-plus homes sold in the last year, which is the toniest zip code in the Seattle city limits.

The market for luxury homes has rebounded faster than the U.S. housing market as a whole. Sales of these million-dollar-plus homes increased 34 percent, compared to the overall market’s 5 percent increase, according to Redfin.

Redfin’s analysis of luxury home sales also included four California neighborhoods, which took the top four spots. San Francisco was ranked No. 1 with 474 in million-dollar-plus home sales, followed by Los Angeles with 469, Silicon Valley with 430 and San Diego with 415.

Baltimore, Md. and Houston, Texas fell at the bottom of the list of 22 markets, with 44 and 24 million-dollar-plus homes sold, respectively.

Happy Investing!

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