These are some interesting “Seattle Crime Rate” maps, which might be helpful to review when choosing which neighborhood to purchase in. http://www.seattle.gov/police/crime/onlinecrimemaps.htm
This is a very cool, interactive graph that rates the U.S. metropolitan areas where it’s $better to buy versus rent.
Below is an excerpt from an interesting article, http://www.peoplepoweredmovement.org/site/index.php/site/blog/3953/:
“RSG also cross-referenced the closing prices on real estate with the Walk Score of those locations. On average, the property values of homes in walkable neighborhoods were $6,500 higher than those in car-dependent areas. Add all those homes together and walkability added more than $350 million to the local economy”.
I would be curious as to the the home valuation differences between auto and non-auto dependent Seattle area neighborhoods. I believe that the “walkability” factor contributes to differences in median prices, but let’s *compare two similar (similar age range of homes, Mill Creek contains a few larger lots) north end communities to see:
(19) Mill Creek: Has a walkscore of 34 (out of 100), so is “car dependent”. In 2011 – 19 homes sold with a $279,950 median sold price and 112 median days on market. The median square footage was 2042sf. The result is $137.09 per square foot.
(15) Edmonds Bowl/Downtown Edmonds: Has a walkscore of 50 (out of 100), so is “somewhat walkable”. In 2011 – 68 homes sold with a $452,000 median sold price and 82 median days on market. The median square footage was 2617sf. That comes out to $172.71 per square foot.
* Calculations above were based on numbers derived from the Northwest Multiple Listing Services. They are deemed reliable, but not guaranteed.
2011 has been another year of home value decreases, according to Fiserv, who states that modest appreciation in values should begin in 2012, with values starting to stablilize in 2012. link to article. I was very encouraged when I read the footnotes, about Olympia, Spokane and a few other Washington Cities. Will King, Snohomish and Kitsap Cities follow suit?