I just returned from a trip to Seattle. My wife and I had a fabulous visit, but while there I was struck by how much it costs to purchase a house there.
In doing a bit of research on Realtor.com and Redfin, I learned that the average sale price in Seattle over the past month is $696,000 and the price per square foot is $450.
Consider that second stat for a moment. Say you want to purchase a modest home of about 1,200 square feet. That means you could be looking at a home priced at about $540,000. That's a pretty good chunk of change, even if you work for one of the tech giants that are based in Seattle. Two other interesting stats about Seattle real estate: Homes usually sell for 99 percent of the list price with 20 days on market being the average.