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Seattle’s $1,000,000 house

So, how long can our home prices rise?  Will the bubble burst?

Look at this newly built mansion in the no man’s zone between Northgate and Lake City. Territorial views of teriyaki places on 15th? A million dollars for a cracker box nest to it twin on a half lot.  Meanwhile San Francisco Bay Area may be showing us the future. Median house prices there now top $830,000 and one-bedroom rentals are averaging $3,500 per month in San Francisco.

The pin pricks ready to prick this bubble are salaries and the politics that make it hard for developers to build anything at an affordable price in the Bay Area.  Read more about Frisco

: 4 bed, 2.5 bath, 2426 sq. ft. house located at 11040 19th Ave NE, Seattle, WA 98125 on sale for $969,000. MLS# 897207. Built Green 5-Star Net-Zero home defines the Seattle eco-lifestyle! …
WWW.REDFIN.COM|BY REDFIN

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