
Seattle, WA and Bellevue, WA Home Buyers Are Finding More Space (Square Footage & Negotiating Room) In The Luxury Home Market
A few years ago, the young tech crowd moving into the Seattle and Bellevue housing markets had their eyes on a downtown address with an easy commute and access to urban amenities. After the 2020 health crisis, quarantine orders and business shut-downs have brought to light how valuable more interior square footage can be and many young adults and families are fleeing the urban, rental life and looking for their first homes in North Seattle neighborhoods like Shoreline, Lynnwood, Bothell, and even Everett, WA. This is putting a squeeze on the sub-million dollar home market, but luxury homes above $1.5 million don't seem to be seeing such pressure with multiple offers and homes selling for 20% over asking price.