King County housing market kicks off 2018 even hotter than before, as Seattle breaks price record | The Seattle Times

The King County real-estate market finished 2017 as the priciest year in history. And 2018 is off to an even hotter start.

Single-family-home prices across the county surged nearly 20 percent in January compared with a year prior, the biggest such annual increase in two years, according to monthly home-sale data released Monday by the Northwest Multiple Listing Service.

The price increases left no area untouched: Home values grew 28 percent in the northern part of the county, 19 percent in Seattle, 18 percent on the Eastside, and from 11 to 17 percent across the south end of King County.

Seattle’s median price hit $757,000, the most ever, surpassing the previous record set last summer.

In West Bellevue, the region’s priciest area, prices surged an unthinkable 93 percent in a year, hitting a record high of $2.72 million for the median house.

The typical price across the Eastside — $938,000 — was just a couple of hundred bucks shy of the record set a month prior.

Looking for something cheaper? Unfortunately, there’s more bad news. Condo prices surged 23 percent from a year ago.

 

Source: King County housing market kicks off 2018 even hotter than before, as Seattle breaks price record | The Seattle Times

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