Luxury Market Upswing

Posted: February 12th, 2015 by Brad

Further evidence of a housing recovery is reflected in high-end sales. Northwest MLS members reported 2,069 sales of single family homes priced at $1 million or more, up nearly 28 percent from the 2013 total of 1,621 “luxury” sales. Condos priced at $1 million and up accounted for another 152 sales. A total of 878 condos commanded sales prices of $500,000 or more, up 20 percent from the figure for 2013.  

The highest-priced single family home that sold during 2014 by a member of Northwest MLS was a Medina home that commanded $11.3 million:Topping the chart of high end, highrise living for 2014 was a downtown Seattle condominium that sold for $6.1 million at the Four Seasons:Wondering what your home is worth today or just curious as to how the market is performing in your neighborhood? Give us a call (866) 766.7325 for your complimentary consultation.

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