Seattle -One Of Top Ten Places Millennials Are Buying Homes

via CNN Money

Seattle’s high-paying tech jobs attract lots of young workers — and its vast coffee culture keeps them firing on all cylinders.

Contemp for Blog

  • Median home price: $340,000
  • Job growth: 2.6%

Major employers like Amazon (AMZN, Tech30), Microsoft (MSFT, Tech30) and, of course,Starbucks (SBUX) have long sustained the local economy. But there are plenty of start ups and other smaller outfits that are creating jobs and attracting young talent, said Karin Zaugg Black, spokeswoman for the city’s Office of Economic Development.

Between 2010 and 2012, 28% of all people moving into the city were Millennials, five percentage points higher than the average major city, according to the National Association of Realtors.

And even though home prices — at a median of $340,000 — are pretty steep, they aren’t completely out of reach for many young, well-paid buyers, according to NAR.

There are also many more listings to choose from in Seattle than there are in city’s like San Francisco or New York where supply is tight. – via CNN Money.

Footnote by AbbottRealGroup- This growth is shared by the Eastside as well. Sales in Bellevue, Kirkland, Redmond, Isssaquah, and up & down the I-405 corridor are fueled by the Eastside’s home of Microsoft and other tech start-ups. Top school ratings also figure into location choices.

 AbbottRealGroup.com – Windermere Real Estate

Greg Abbott | Managing Broker |  425.466.8786 | grega@windermere.com

Lonnie Abbott Cartmell | Broker |  425.890.3310 | lonnie@windermere.com

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Tour a sample of a homes listed & sold by AbbottRealGroup-Windermere.

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