Talk to any real estate professional and you’ll soon realize the importance of location for home values.
Home prices can literally double by moving a few miles closer to a major city or big employer.
But how do home prices differ when comparing coasts? The answer might surprise you.
The Mortgage Reports teamed up with real estate agent and YouTube influencer Matt Leighton to compare what $500,000 gets you in Washington, D.C. compared to Seattle.
Let’s take a look.
West: Brand-new condo in super-hot Seattle
Listed at: $499,000
- 1 bedroom
- 600 square feet
- $500/mo condo fee
- Close to downtown Seattle in the popular Capitol Hill neighborhood
- Corner unit
- 2 killer outdoor decks w/breathtaking views of Seattle
East: Washington, D.C. condo in the heart of it all
Listed at: $535,000
- 2 bedroom
- 567 square feet
- $440/mo condo fee
- Northwest Washington D.C., close to shopping, entertainment and more
- Vaulted cielings, natural light
- Off-street parking
So, what do you think? If you had ultimate flexibility which coast would you live in? East or West?
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If you’re in the market to buy a home, don’t delay. Rates are good and home prices are leveling off in many areas of the country.
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