{"id":10032,"date":"2010-03-15T13:00:02","date_gmt":"2010-03-15T20:00:02","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=10032"},"modified":"2010-03-15T13:16:11","modified_gmt":"2010-03-15T20:16:11","slug":"buyers-getting-more-house-for-their-money-even-as-median-prices-rise","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/","title":{"rendered":"Buyers Getting More House for Their Money Even as Median Prices Rise"},"content":{"rendered":"<p>In our conversation last week about median prices, David Losh brought up <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/03\/10\/declines-in-kings-median-price-softened-by-sales-shifts\/#comment-96406\" title=\"Comment by David Losh\">an interesting question<\/a>:<\/p>\n<blockquote><p>It would be interesting to see what the median price buys you this year compared to last year, or the year before.<\/p><\/blockquote>\n<style>.CNNTable {margin: 5px auto 15px;} .CNNTable td {padding: 0px 5px; text-align: center; font-size: .9em;} .CNNTable th {text-align: center;} .top_row {font-weight: bold;} .CNNTable img {border:0;margin:0;}<\/style>\n<p>With <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/03\/09\/median-prices-still-crashing-in-some-neighborhoods\/\" title=\"Median Prices Still Crashing in Some Neighborhoods\">some neighborhoods around Seattle showing year-over-year gains in their median prices<\/a>, it would be informative to see just what kind of houses people are buying at the median price compared to a year ago.<\/p>\n<p>Since I don&#8217;t have full access to a database with all the details for every home sold over the last few years, this exercise will be anecdotal, but I still think it will interesting.<\/p>\n<p>For this post, we will examine the King County NWMLS areas listed in the following table.  The single-family home (SFH) median prices listed below are an average of December through February in order to smooth out the noise that results from such small sample sizes.<\/p>\n<p>Click the description of an area to jump to that area in the post below.<\/p>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th>Area #<\/th>\n<th>Description<\/th>\n<th>Feb.09 Med.<\/th>\n<th>Feb.10 Med.<\/th>\n<th>YOY<\/th>\n<\/tr>\n<tr>\n<td>705<\/td>\n<td><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/#705\">Ballard, Greenlake, Greenwood<\/a><\/td>\n<td>$407,500<\/td>\n<td>$400,350<\/td>\n<td style=\"color:#FF0000;\">-1.8%<\/td>\n<\/tr>\n<tr>\n<td>710<\/td>\n<td><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/#710\">U District, Wedgewood, Lake City<\/a><\/td>\n<td>$446,563<\/td>\n<td>$442,333<\/td>\n<td style=\"color:#FF0000;\">-0.9%<\/td>\n<\/tr>\n<tr>\n<td>390<\/td>\n<td><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/#390\">Capitol Hill, Madison Park<\/a><\/td>\n<td>$503,500<\/td>\n<td>$531,083<\/td>\n<td style=\"color:#008000;\">+5.5%<\/td>\n<\/tr>\n<tr>\n<td>540<\/td>\n<td><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/#540\">East of Lake Sammamish<\/a><\/td>\n<td>$544,333<\/td>\n<td>$509,225<\/td>\n<td style=\"color:#FF0000;\">-6.4%<\/td>\n<\/tr>\n<tr>\n<td>560<\/td>\n<td><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/#560\">Kirkland, Bridle Trails, Rose Hill<\/a><\/td>\n<td>$665,528*<\/td>\n<td>$540,779*<\/td>\n<td style=\"color:#FF0000;\">-18.7%<\/td>\n<\/tr>\n<\/table>\n<p><span style=\"font-size:85%; float:right; margin-top:-15px;\">*6-month rolling average<\/span><\/p>\n<div style=\"clear:both;\"><\/div>\n<p>In my anecdotal analysis of thirty SFH sales scattered around King County, I found that even in areas where the median prices are flat or going up, buyers seem to be getting more home for their money.  The 2010 benefit ranged from 3% larger homes (for 19% less money) in Kirkland to a whopping 65% more square footage for roughly the same price as 2009 in the Greenlake area.<\/p>\n<p>Below you will find the full sampling of three SFH sales in each of the above areas from January\/February 2009 and three from January\/February 2010.  I&#8217;ll be looking for closed sales that fall within &#0177;5% of the above-listed 3-month average of the median.<\/p>\n<p>Hit the jump for the detailed tables and analysis.<br \/>\n<!--more--><\/p>\n<h3 id=\"705\">Ballard, Greenlake, Greenwood (705)<\/h3>\n<h4 style=\"margin-bottom:0;\">2009<\/h4>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th width=\"175\">Address<\/th>\n<th>Date<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/8060-17th-Ave-NW-98117\/home\/165647\">8060 17th Ave NW<\/a><\/td>\n<td>02\/17\/2009<\/td>\n<td>$392,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>1,150<\/td>\n<td>3,700<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/4673-1st-Ave-NE-98105\/home\/117833\">4673 1st Ave NE<\/a><\/td>\n<td>02\/11\/2009<\/td>\n<td>$388,000<\/td>\n<td>2<\/td>\n<td>1<\/td>\n<td>1,150<\/td>\n<td>2,940<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/6407-1st-Ave-NE-98115\/home\/304066\">6407 1st Ave NE<\/a><\/td>\n<td>02\/12\/2009<\/td>\n<td>$411,000<\/td>\n<td>3<\/td>\n<td>1<\/td>\n<td>992<\/td>\n<td>4,230<\/td>\n<\/tr>\n<\/table>\n<h4 style=\"margin-bottom:0;\">2010<\/h4>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th width=\"175\">Address<\/th>\n<th>Date<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/657-NW-87th-St-98117\/home\/100164\">657 NW 87th St<\/a><\/td>\n<td>02\/16\/2010<\/td>\n<td>$397,000<\/td>\n<td>3<\/td>\n<td>1.75<\/td>\n<td>1,800<\/td>\n<td>4,600<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/8247-Wallingford-Ave-N-98103\/home\/307384\">8247 Wallingford Ave N<\/a><\/td>\n<td>02\/11\/2010<\/td>\n<td>$399,500<\/td>\n<td>3<\/td>\n<td>1<\/td>\n<td>1,910<\/td>\n<td>4,455<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/5835-Woodlawn-Ave-N-98103\/home\/304502\">5835 Woodlawn Ave N<\/a><\/td>\n<td>02\/16\/2010<\/td>\n<td>$410,000<\/td>\n<td>4<\/td>\n<td>1.75<\/td>\n<td>1,750<\/td>\n<td>3,000<\/td>\n<\/tr>\n<\/table>\n<p>In our sampling of the Ballard \/ Greenlake \/ Greenwood area, the average early 2009 buyer paid $397,000 for 2.3 bedrooms and 1 bathroom in 1,097 square feet on a 3,623 square foot lot.  The average early 2010 buyer paid $402,167 for 3.3 bedrooms and 1.5 bathrooms in 1,820 square feet on a 4,018 square foot lot.  In other words, the 2010 buyers got roughly 65% larger houses than the 2009 buyers for nearly the same price.<\/p>\n<h3 id=\"710\">U District, Wedgewood, Lake City (710)<\/h3>\n<h4 style=\"margin-bottom:0;\">2009<\/h4>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th width=\"175\">Address<\/th>\n<th>Date<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/8046-40th-Ave-NE-98115\/home\/316973\">8046 40th Ave NE<\/a><\/td>\n<td>01\/12\/2009<\/td>\n<td>$450,000<\/td>\n<td>2<\/td>\n<td>2<\/td>\n<td>1,720<\/td>\n<td>5,300<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/7748-20th-Ave-NE-98115\/home\/309923\">7748 20th Ave NE<\/a><\/td>\n<td>2\/20\/2009<\/td>\n<td>$450,000<\/td>\n<td>3<\/td>\n<td>1.75<\/td>\n<td>2,150<\/td>\n<td>5,116<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/1218-NE-Ravenna-Blvd-98105\/home\/308564\">1218 NE Ravenna Blvd<\/a><\/td>\n<td>01\/23\/2009<\/td>\n<td>$445,000<\/td>\n<td>3<\/td>\n<td>1<\/td>\n<td>1,390<\/td>\n<td>3,200<\/td>\n<\/tr>\n<\/table>\n<h4 style=\"margin-bottom:0;\">2010<\/h4>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th width=\"175\">Address<\/th>\n<th>Date<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/7346-20th-Ave-NE-98115\/home\/310077\">7346 20th Ave NE<\/a><\/td>\n<td>02\/11\/2010<\/td>\n<td>$434,000<\/td>\n<td>3<\/td>\n<td>2<\/td>\n<td>2,060<\/td>\n<td>7,200<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/6842-38th-Ave-NE-98115\/home\/315014\">6842 38th Ave NE<\/a><\/td>\n<td>02\/12\/2010<\/td>\n<td>$440,000<\/td>\n<td>4<\/td>\n<td>2<\/td>\n<td>2,040<\/td>\n<td>4,510<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/5757-40th-Ave-NE-98105\/home\/314141\">5757 40th Ave NE<\/a><\/td>\n<td>02\/26\/2010<\/td>\n<td>$450,000<\/td>\n<td>2<\/td>\n<td>1.75<\/td>\n<td>2,350<\/td>\n<td>3,735<\/td>\n<\/tr>\n<\/table>\n<p>In our sampling of the U District \/ Wedgewood \/ Lake City area, the average early 2009 buyer paid $448,333 for 2.7 bedrooms and 1.6 bathrooms in 1,753 square feet on a 4,539 square foot lot.  The average early 2010 buyer paid $441,333 for 3 bedrooms and 1.9 bathrooms in 2,150 square feet on a 5,148 square foot lot.  In other words, the 2010 buyers got roughly 15% more house than the 2009 buyers for nearly the same price.<\/p>\n<h3 id=\"390\">Capitol Hill, Madison Park (390)<\/h3>\n<h4 style=\"margin-bottom:0;\">2009<\/h4>\n<p><em>Note: I had to go a little bit outside the date and price range to find three sales for 390.<\/em><\/p>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th width=\"175\">Address<\/th>\n<th>Date<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/945-20th-Ave-98122\/home\/144114\">945 20th Ave<\/a><\/td>\n<td>12\/03\/2008<\/td>\n<td>$518,000<\/td>\n<td>3<\/td>\n<td>1.5<\/td>\n<td>1,970<\/td>\n<td>3,630<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/318-29th-Ave-E-98112\/home\/146122\">318 29th Ave E<\/a><\/td>\n<td>12\/15\/2008<\/td>\n<td>$525,000<\/td>\n<td>3<\/td>\n<td>1.5<\/td>\n<td>2,230<\/td>\n<td>4,800<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/2814-E-Thomas-St-98112\/home\/145877\">2814 E Thomas St<\/a><\/td>\n<td>02\/12\/2009<\/td>\n<td>$475,000<\/td>\n<td>3<\/td>\n<td>1<\/td>\n<td>2,060<\/td>\n<td>3,440<\/td>\n<\/tr>\n<\/table>\n<h4 style=\"margin-bottom:0;\">2010<\/h4>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th width=\"175\">Address<\/th>\n<th>Date<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/1222-24th-Ave-E-98112\/home\/146634\">1222 24th Ave E<\/a><\/td>\n<td>01\/21\/2010<\/td>\n<td>$546,000<\/td>\n<td>6<\/td>\n<td>2.5<\/td>\n<td>3,430<\/td>\n<td>4,800<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/2015-25th-Ave-E-98112\/home\/138266\">2015 25th Ave E<\/a><\/td>\n<td>01\/28\/2010<\/td>\n<td>$505,000<\/td>\n<td>3<\/td>\n<td>1.75<\/td>\n<td>1,920<\/td>\n<td>3,279<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Seattle\/1900-E-Denny-Way-98122\/home\/142845\">1900 E Denny Way<\/a><\/td>\n<td>02\/24\/2010<\/td>\n<td>$517,000<\/td>\n<td>2<\/td>\n<td>2<\/td>\n<td>2,500<\/td>\n<td>2,320<\/td>\n<\/tr>\n<\/table>\n<p>In our sampling of the Capitol Hill \/ Madison Park area, the average early 2009 buyer paid $506,000 for 3 bedrooms and 1.3 bathrooms in 2,087 square feet on a 3,957 square foot lot.  The average early 2010 buyer paid $522,667 for 3.7 bedrooms and 2.1 bathrooms in 2,617 square feet on a 3,466 square foot lot.  In other words, the 2010 buyers got roughly 30% more house (but about 10% less land) than the 2009 buyers for a slightly higher price (3.3%).<\/p>\n<h3 id=\"540\">East of Lake Sammamish (540)<\/h3>\n<h4 style=\"margin-bottom:0;\">2009<\/h4>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th width=\"175\">Address<\/th>\n<th>Date<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Sammamish\/1248-236th-Pl-NE-98074\/home\/2082130\">1248 236th Pl NE<\/a><\/td>\n<td>01\/14\/2009<\/td>\n<td>$575,000<\/td>\n<td>3<\/td>\n<td>2.75<\/td>\n<td>2,100<\/td>\n<td>3,606<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Sammamish\/2439-222nd-Ave-NE-98074\/home\/264411\">2439 222nd Ave NE<\/a><\/td>\n<td>02\/19\/2009<\/td>\n<td>$520,000<\/td>\n<td>4<\/td>\n<td>2.5<\/td>\n<td>2,530<\/td>\n<td>13,939<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Sammamish\/3122-Sahalee-Dr-W-98074\/home\/262073\">3122 Sahalee Dr W<\/a><\/td>\n<td>02\/19\/2009<\/td>\n<td>$540,000<\/td>\n<td>4<\/td>\n<td>2.5<\/td>\n<td>2,430<\/td>\n<td>12,197<\/td>\n<\/tr>\n<\/table>\n<h4 style=\"margin-bottom:0;\">2010<\/h4>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th width=\"175\">Address<\/th>\n<th>Date<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Sammamish\/2418-236th-Ave-NE-98074\/home\/261726\">2418 236th Ave NE<\/a><\/td>\n<td>01\/15\/2010<\/td>\n<td>$503,000<\/td>\n<td>4<\/td>\n<td>2.5<\/td>\n<td>2,410<\/td>\n<td>8,688<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Sammamish\/1213-207th-Pl-NE-98074\/home\/268909\">1213 207 Pl NE<\/a><\/td>\n<td>02\/26\/2010<\/td>\n<td>$512,500<\/td>\n<td>4<\/td>\n<td>2.5<\/td>\n<td>2,870<\/td>\n<td>9,750<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Sammamish\/4308-201st-Ave-NE-98074\/home\/262564\">4308 201st Ave NE<\/a><\/td>\n<td>01\/15\/2010<\/td>\n<td>$519,470<\/td>\n<td>4<\/td>\n<td>2.75<\/td>\n<td>2,370<\/td>\n<td>8,254<\/td>\n<\/tr>\n<\/table>\n<p>In our sampling of the area east of Lake Sammamish, the average early 2009 buyer paid $545,000 for 3.7 bedrooms and 2.6 bathrooms in 2,353 square feet on a 9,914 square foot lot.  The average early 2010 buyer paid $511,657 for 4 bedrooms and 2.6 bathrooms in 2,550 square feet on a 8,897 square foot lot.  In other words, the 2010 buyers got roughly 8% bigger houses (on 10% less land) than the 2009 buyers for 6% lower prices.<\/p>\n<h3 id=\"560\">Kirkland, Bridle Trails, Rose Hill (560)<\/h3>\n<h4 style=\"margin-bottom:0;\">2009<\/h4>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th width=\"175\">Address<\/th>\n<th>Date<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Kirkland\/11228-NE-67th-St-98033\/home\/460054\">11228 NE 67th St<\/a><\/td>\n<td>02\/12\/2009<\/td>\n<td>$658,000<\/td>\n<td>4<\/td>\n<td>3.5<\/td>\n<td>3,594<\/td>\n<td>3,612<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Kirkland\/348-Slater-St-S-98033\/home\/462360\">348 Slater St S<\/a><\/td>\n<td>02\/10\/2009<\/td>\n<td>$685,000<\/td>\n<td>4<\/td>\n<td>3.5<\/td>\n<td>2,535<\/td>\n<td>16,117<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Kirkland\/12316-NE-97th-St-98033\/home\/513234\">12316 NE 97 St<\/a><\/td>\n<td>02\/25\/2009<\/td>\n<td>$650,000<\/td>\n<td>3<\/td>\n<td>2.5<\/td>\n<td>2,763<\/td>\n<td>7,303<\/td>\n<\/tr>\n<\/table>\n<h4 style=\"margin-bottom:0;\">2010<\/h4>\n<table class=\"CNNTable sortable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\">\n<tr class=\"top_row\">\n<th width=\"175\">Address<\/th>\n<th>Date<\/th>\n<th>Price<\/th>\n<th>Beds<\/th>\n<th>Baths<\/th>\n<th>SqFt<\/th>\n<th>Lot Size<\/th>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Kirkland\/7025-117th-Pl-NE-98033\/home\/514256\">7025 117th Pl NE<\/a><\/td>\n<td>02\/18\/2010<\/td>\n<td>$531,646<\/td>\n<td>4<\/td>\n<td>3.5<\/td>\n<td>3,570<\/td>\n<td>3,600<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Kirkland\/5920-114th-Ave-NE-98033\/home\/459769\">5920 114th Ave NE<\/a><\/td>\n<td>01\/27\/2010<\/td>\n<td>$540,000<\/td>\n<td>4<\/td>\n<td>2.75<\/td>\n<td>3,060<\/td>\n<td>10,212<\/td>\n<\/tr>\n<tr>\n<td><a href=\"http:\/\/www.redfin.com\/WA\/Kirkland\/4304-105th-Ave-NE-98033\/home\/459542\">4304 105th Ave NE<\/a><\/td>\n<td>02\/24\/2010<\/td>\n<td>$545,000<\/td>\n<td>4<\/td>\n<td>2.75<\/td>\n<td>2,500<\/td>\n<td>8,873<\/td>\n<\/tr>\n<\/table>\n<p>In our sampling of the Kirkland \/ Bridle Trails \/ Rose Hill area, the average early 2009 buyer paid $664,333 for 3.7 bedrooms and 3.2 bathrooms in 2,964 square feet on a 9,011 square foot lot.  The average early 2010 buyer paid $538,882 for 4 bedrooms and 3 bathrooms in 3,043 square feet on a 7,562 square foot lot.  In other words, the 2010 buyers on average paid roughly 19% less for slightly larger houses on slightly smaller lots.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our conversation last week about median prices, David Losh brought up an interesting question: It would be interesting to see what the median price buys you this year compared to last year, or the year before. With some neighborhoods around Seattle showing year-over-year gains in their median prices, it would be informative to see&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,217],"tags":[5,149,1120,6,200],"coauthors":[],"class_list":["post-10032","post","type-post","status-publish","format-standard","hentry","category-stats","category-neighborhoods","tag-anecdote","tag-median","tag-neighborhoods","tag-nwmls","tag-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buyers Getting More House for Their Money Even as Median Prices Rise \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Buyers Getting More House for Their Money Even as Median Prices Rise \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"In our conversation last week about median prices, David Losh brought up an interesting question: It would be interesting to see what the median price buys you this year compared to last year, or the year before. With some neighborhoods around Seattle showing year-over-year gains in their median prices, it would be informative to see...\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/\",\"name\":\"Buyers Getting More House for Their Money Even as Median Prices Rise \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"datePublished\":\"2010-03-15T20:00:02+00:00\",\"dateModified\":\"2010-03-15T20:16:11+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2010\/03\/15\/buyers-getting-more-house-for-their-money-even-as-median-prices-rise\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Buyers Getting More House for Their Money Even as Median Prices Rise\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. 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