Suburban housing market gains from Seattle exodus

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Bellevue and Edmonds' home prices continue to benefit because of the exodus from Seattle. According to several real estate data sources, Bellevue median home prices reach as high as $1.9 million. Downtown Bellevue, mostly condos, is about $800,000.

“Most sellers are reluctant to put anything on the market because of the uncertainty right now,” Beard told MyNorthwest. “I will say that statistically, we have always experienced a lull coming into the holiday periods here with November and December. So that is normal.”

Beard and other real estate experts report the trend indicates Seattle home prices will go down as people leave the city. None of the realtors we spoke with wanted to be associated with the concept that crime continues to hurt the central Seattle market. They echo the position that until that is under control, the housing market will continue to decline.

 

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What a shock, people don't want to raise families around junkies or step on needles getting into their car only to sit in the broken glass on their seat because someone really needed the change in the cupholder.

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