Demand for homes priced above $1.5million is on the rise!
As executives from Silicon Valley migrate north to fill Seattle jobs, the effects on the real estate market are tangible. Inventory is low and demand is up, specifically for luxury homes above $1.5million.
Over the past couple years, local giants Amazon and Microsoft have expanded their footprint, and companies like Alibaba, Google, Facebook, Twitter, HBO, and Hulu have opened or announced offices in the Seattle-metro area.
Over the last 12 months price per square foot for homes above $1.5mm has increased over 10%!
Read more on this story by the Wall Street Journal.