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The Sweet Spot
People sometimes ask me what I think is 'the sweet spot' in today's Greater Seattle - Bellevue real estate market. In response I have usually mentioned some areas and criteria that might fit the question, but hadn't really thought it through. So here's a little better cut at it. I think a 'sweet spot' home might be defined by three parameters: First, a nice-looking consistent neighborhood that will hold its value and be a pleasant place to live over a span of years, Second, one with homes built with modern floor plans - commonly post-1985 with large kitchens and full master suites, that are easily upgraded and kept current, and Third, homes priced in the $600,000 to $700,000 range that deliver the most home for your dollar within the low interest rate/low down payment range of conventional mortgages. A quick search of the MLS shows at least 100 properties of that type currently available - here's a map to give you an idea of where: As you can see, they are heavily concentrated on the east side, as would be expected if you have read my earlier post on History and Housing Trends of the Greater Seattle Area.
Many of them ... more

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