King County Home Prices Have Double Digit Rise!

This has been the third straight month in a row that we’ve seen a year over year price increase in King County, and it’s definitely the largest! According to the Seattle Times, for the first time in five years, we’ve seen a double digit increase, with the median value in homes estimated at $380,000, a 10.1% rise since June of last year. The last time there was a year over year double digit increase was back in 2007, when the median also hit an all time high of $481,000.

Denny Blaine Home listed for $3,895,000

After the high, the inevitable countrywide median housing drop occurred, falling nearly 36% nationwide, dropping down to $308,125  this past February. According to the Times, this June was a jaw dropper, with 23 or 29 King County areas experiencing a year over year increase, with 13 of them in the double digits! While not as impressive as King County, Snohomish and Kitsap County also saw slight increases, and condo prices in King County went up nearly 5% as well. For more information on the price of homes in King County, visit Ewing & Clark Inc.

Looking for a Unique Rental? Live in a Church!

If you’ve been searching for a rental unlike any other around town, check out this converted home on Ballard that was once an actual church! This quirky 6,300 sf Ballard landmark, located at 2007 NW 61st St is partially renovated for residential living quarters, and has that spooky haunted house/old spirits lurking around the church feel to it.

Photo Courtesy of RedFin

This 6 Bedroom, 3.25 bath is equipped with a bell tower, abandoned tricycles amidst the entryway and a relatively large attic space and can be your humble abode for $789,000. Find other listings in the Ballard neighborhood here.

Up and Coming Neighborhood for Renters & Buyers: Atlantic

The Atlantic neighborhood in Seattle, nestled in between Beacon Hill and Mt Baker is gaining popularity with younger home buyers and renters in recent months due to it’s convenient location, and up and coming amenities.

Not even five years ago, we remember when this neighborhood was experiencing mass redevelopment and construction of the 2nd I-90 bridge, leaving the Atlantic area is rubble, covered in a film of dirt. Left in the midst was abandoned housing, sky high dirt mounds and 23rd Ave S was closed to traffic. Today the neighborhood is home to trendy bars and restaurants like Dallas BBQ Soul Food & Catering and Farestart Cafe, has a light rail stop, is in close proximity to downtown and the Eastside, and has several trails for bikers and runners; even has it’s own dog park! The neighborhood started looking promising to buyers and renters a decade ago and today affordable pricing plays a huge role in the deciding factor.  According to the Seattle Times, in February this year the median value of all single family homes was estimated at $284,200, down 2.2% from the previous year. The median cost of rent in the neighborhood for a single family home was estimated at $1,674/mo, while apartments were estimated at $1,521/mo; up from the previous year, but significantly less than other areas around the city. If you’d like more information on for sale listings around the area visit Ewing & Clark, and find rentals around the neighborhood here.