Washington ascends to 3rd most expensive state to buy homes

[M3 Mitch]

Originally Posted by pnwguy2

As the map clearly shows, this generally is a Seattle and suburbs issue. Washington State still has mostly affordable areas. Yakima and TriCities come to mind.

My little farm house on 13 acres of pasture, bought for about 60K back in 1991, is apparently now worth a half-million, according to one real estate gal I know. Maybe anything that does not crack 7 figures is considered "affordable" anymore.

The Seattle metro area is indeed nuts in terms of prices.

[dav51lin]

Originally Posted by rkcarguy

"Washington is the third-most expensive state in which to purchase a home according to January 2023 data, following California with a median home value price of $706,600, and Hawaii at $695,200."

Read more at: https://www.bellinghamherald.com/new...#storylink=cpy

Data from Zillow and Redfin, sorry for the paywall on BH article.

well they dont build any affordable small stand alone family homes just 4000 sq ft and up

[homesinseattle]

Perspective indeed, depends on where you come from. People moving here from the Bay Area regularly tell me that the home prices here feel like “half off” to them. Same for NYC relocating people or people from Europe.

[Transmition]

Originally Posted by dav51lin

well they dont build any affordable small stand alone family homes just 4000 sq ft and up

I see a lot at 2000 sq ft with no real yard, but even those are upwards of $500k even outside of King county.

[Snowman05]

Washington state will be one of the last areas to see a housing crash because of the high minimum wage and wealthy transplants. When it does I hope for some sweet deals to choose from. The only good thing about expensive housing is the property is able to prove what it could eventually be worth because it's already shown a high market value.