A new report from Zillow says that water front homes are worth more than non waterfront homes. Well its obvious that any home on water, whether its ocean or lake in most cases is going to be worth more than a home not on water, but by how much?
The median value of homes in Seattle not on the water is just under $500,000 and for those homes on the water it can be up to 250% more. That means that the average water front single family home is worth double, if not more than the median value of homes not on the water in Seattle. Wow, thats a big difference for a city that is surrounded by so much water. The numbers of course vary for areas like bellevue, Bainbridge or Mercer Island.
Seattle is one of the fastest growing cities in the US. From my office I can look outside at the city skyline and count over 20 cranes! Love this city, and all the water that surrounds it.
The median value of homes in Seattle not on the water is just under $500,000 and for those homes on the water it can be up to 250% more. That means that the average water front single family home is worth double, if not more than the median value of homes not on the water in Seattle. Wow, thats a big difference for a city that is surrounded by so much water. The numbers of course vary for areas like bellevue, Bainbridge or Mercer Island.
Seattle is one of the fastest growing cities in the US. From my office I can look outside at the city skyline and count over 20 cranes! Love this city, and all the water that surrounds it.
"The typical oceanfront or lakefront, single-family home is worth more than double the median value of all homes, and in some communities the median waterfront house could be worth ten or more times the median value of non-waterfront houses," says Zillow.
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