Seattle recently surpassed Boston as the most expensive U.S. housing market not in California, with its median value of $401,000 topping Boston's $400,000. GeekWire staffer Kurt Schlosser reports on how the housing market in Seattle got it's boost thanks to the growing tech market, strict building rules, and even it's close geographical proximity to California.
The economy, propelled by the tech market, has many people moving Seattle, which drives the demand for homes to the benefit of those selling:
“Want-to-be home owners in Seattle are facing extremely tough competition and often have to put in a few offers before getting a home,” Terrazas said. “Sellers have the luxury of being able to list their home ‘as-is’, without fixing it up because they know demand for homes in the area is so high.”