Home prices have risen fastest in South Seattle, as citywide median nears $820,000

JLS Broker Moose Math (based out of the JLS Renton office) shows a property in South Seattle. Photo credit: Seattle Times.

Mike Rosenberg | Seattle Times

South Seattle neighborhoods have taken the brunt of the region’s biggest home-price increases, pricing some people out of an area that had long been an affordable option for those not making huge incomes.

…“And even if they make that much, they’re still getting beat out, because the competition is so fierce. Every single time, we deal with multiple offers,” said Mustafa “Moose” Math of John L. Scott, who’s been a broker in South Seattle for 12 years. He recalled a buyer who just lost a bid on a South Seattle home listed at $849,000 — his client bid $920,000 but lost to someone who offered $1 million, including $80,000 in nonrefundable earnest money.

Read the full story: Home prices have risen fastest in South Seattle