A Tale of Two Super Bowl Cities

Chances are you know which team you’re rooting for this Sunday, but how do Seattle and Denver stack up off the field? In preparation for Super Bowl XLVIII, here’s a deeper look at real estate — and a few bragging rights — in Seahawks and Broncos territories.

from Zillow

from Zillow

 

Mile High city vs. waterfront living

Denver is known for its elevation a mile above sea level with close proximity to hiking trails and top ski resorts. Seattle, by contrast, is a city surrounded by water. Elliott Bay sits to the west and several lakes in and around the city provide residents an urban lifestyle as well as easy access to boating, hiking and skiing. The popular rom-com, “Sleepless in Seattle” also gave notice to the Emerald City’s fun and funky real estate offering: floating homes. Both cities are known for their charming, livable neighborhoods.

1133 14th St Unit 2630, Denver, CO
For sale: $1.7 million

from Zillow

from Zillow

This luxury condo above Denver’s Four Seasons Hotel affords prime mountain and city views from a private, 373-square-foot balcony. The interior has been outfitted with sleek finishes including a mosaic stone fireplace, standalone sculptured bathtub and maple-wood floors.

2031 Fairview Ave E #P, Seattle, WA
For sale: $775,000

from Zillow

from Zillow

This floating home on Lake Union is the epitome of Seattle waterfront living. The 1,100-square-foot abode has its own rooftop deck and hip garage door that can be swung open for indoor/outdoor entertaining. Best of all, you can canoe or kayak from the front door.
 

Sleeper vs. spite house

Beyond Denver and Seattle’s mountain and water landscapes, the real estate scene in both cities is marked by a few standout properties with their own unique stories.

855 Visionary Trl, Golden, CO
Last sold: $1.529 million

from Zillow

from Zillow

About 30 miles outside of Denver in Golden, CO, is a modern phenomenon that fans of the 1973 film “Sleeper” will immediately recognize. This futuristic home (above) in the Genesee neighborhood was used in the sci-fi comedy starring Woody Allen and Diane Keaton. While its real estate track record has been mixed — it avoided foreclosure in 2009 but eventually sold at an auction in 2010 — Denver real estate agent Scott Nordby says it remains a standout property with locals calling it “Spaceship Genesee.”

2022 24th Ave E, Seattle, WA
For sale: $384,500

from Zillow

from Zillow

This home wasn’t always a pie-shaped wedge. But its unusual shape and size (15 feet wide) are reminders of the home’s unforgettable roots. The story goes that the man who originally owned the property wanted to sell it to some folks who were building next door, thinking it could expand their property and have use as a garden. However the neighbors thought he was selling out of desperation, so they offered a counter price well below his ask. The man was furious as a result and set out to prove them wrong. He built a new home on the “unbuildable” land and, as a final touch of spite, painted the wall facing the neighbors solid black. The 830-square-foot home hit the Montlake real estate market in October and has been making headlines as the “Spite House” ever since.
 

By the numbers

For a side-by-side comparison of the Denver and Seattle real estate markets, here’s a few stats and fun facts to boost your Broncos or Seahawks pride.

Denver

Seattle

Median home value $253,300 $430,700
Median list price $319,900 $410,000
Population 603,372 611,803
Median age 35 37
Homes with kids 21.8% 18.2%
Avg. commute time (mins) 26 27
Major pro sports teams 5 4
4-year colleges 6 9
Known for… Rocky Mountain oysters, Denver Mint, Coors Beer, mountain views, sun, snow Starbucks Coffee, Salmon, Space Needle, Microsoft, water views, rain

This article was originally published by Catherine Sherman on Zillow Blog. See the original article here

Catherine Sherman, a real estate writer for Zillow Blog, covers real estate news, industry trends and home design. Read more of her work here.

Advertisements

How Much is a Midsize Home Around the Country?

When shopping for a car, it’s common to focus on the size you want, such as a midsize sedan, and then see what different makes and models are going to cost you. Home shopping can be the same. To help you get started, we’ve found homes for sale measuring close to the median U.S. home size of 1,598 square feet. Check out these real estate makes and models to find the right price and location for you.

New York triplex

242 E 7th St APT 5, New York, NY
For sale: $2.375 million
Square feet: 1,600

from Zillow

from Zillow

With luxurious homes and historical appeal, Manhattan’s East Village is the Cadillac of real estate. Originally a synagogue, this converted triplex shows off early 1900s architecture and contemporary updates. The final product isn’t cheap, however. Compared with the national median value per square foot of $102, the median New York home is currently valued at $292 per square foot.

Los Angeles bungalow

912 Hyperion Ave, Los Angeles, CA
For sale: $995,000
Square feet: 1,606

from Zillow

from Zillow

With close proximity to Sunset Junction and Silver Lake, this home is in a prime Los Angeles neighborhood with a median home value of $758,600. The 1,606-square-foot bungalow has 4 bedrooms, a den and 2.5 baths for an asking price of $995,000. Using Zillow’s mortgage calculator, this would mean a monthly payment around $3,834, assuming 20 percent down on a 30-year fixed mortgage.

Chicago apartment

3314 N Lake Shore Dr APT 7A, Chicago, IL
For sale: $565,000
Square feet: 1,600

from Zillow

from Zillow

In Chicago, you’ll find the architectural charm of New York City without the Big Apple price tag. For $565,000, a 1,600-square-foot apartment is for sale in a Belmont Harbor beaux-arts building. With aWalk Score® of 92/100 and sweeping views of Lake Michigan, this 2-bedroom home is ideal for an urban dweller.

Seattle craftsman

330 NE 55th St, Seattle, WA
For sale: $529,999
Square feet: 1,600

from Zillow

from Zillow

With close proximity to Green Lake and local restaurants, Wallingford is a highly sought-after Seattle neighborhood. A midsize craftsman measuring 1,600 square feet is on the market for $529,999, which is below the Wallingford median home value of $571,500. If you’re after the same size home for a little less in Seattle, neighborhoods farther north such as Greenwood are good places to look.

Houston town house

1624 W 25th St UNIT D, Houston, TX
For sale: $299,000
Square feet: 1,586

from Zillow

from Zillow

A town home in The Heights is on the market for $299,000, which is more than the area’s median home value but significantly less than a similarly sized home in Los Angeles or Seattle. Built in 2004, the home is a newer construction with 3 bedrooms, 2 baths and a balcony over the garage.

Nashville colonial

1232 Brenner Dr, Nashville, TN
For sale: $194,000
Square feet: 1,612

from Zillow

from Zillow

In the South, you can find large lots for a fraction of what it costs to live in Northeast metros. This South Hampton-area property spans a third of an acre and is currently priced at $194,000. Compared with Nashville home values as a whole, this is more than the median, but the home is in a good location on a quiet tree-lined street with top-rated schools nearby.

This article was originally published by Catherine Sherman on Zillow Blog. See the original article here.

See the Top 5 Sellers’ Markets in the U.S.

With all signs pointing to an ongoing housing recovery, many home owners across the country are wondering if now is finally the time to sell. The answer is — as is so often the case with this recovery — “it depends.”

top5

Market conditions are highly variable, but usingrealtor.com’s site listing data, we’ve identified five markets where low median age of inventory combined with rising listing prices indicates that the answer to the selling question may very well be yes.

5. Seattle, WA

A home listed in Seattle today will spend less than a month on the market, a pace that ties for fifth fastest in the nation. Add in rising median listing prices — $379,950  as of last month, up 19% from last year — and the Emerald City’s recovery on the seller side comes into sharp focus.

4. Denver, CO
Homes in the mile-high city also spend a median of 29 days on market, a number that has plunged 42% as the market has heated up over the past year. Median listing prices have risen to $282,000 as of April, up a relatively modest 4.48% over last year but still strong enough to cement Denver’s position as a top sellers’ market.

3. San Francisco, CA
The city by the Bay sets the pace for the top three sellers’ markets, all of which are in the San Francisco Bay Area. With median days on inventory at 28, and median prices up 20% year over year to $819,900, San Francisco proves itself to be a resilient market that continues to bounce back.

2. San Jose, CA
Silicon Valley is on the rise again, and with the continued success of tech companies and stocks comes a hot real estate market. Median days on market are down to 27, half the time of 2012, and median prices are up 35% year over year, reaching $675,000 in April.

1. Oakland, CA
To say that the torrid Oakland market is hot is an understatement. A seller listing a home in Oakland can expect the house to spend just 15 days on the market (a full 12 days fewer than San Jose) and to net a median price of $484,900 — up a whopping 47% from a year ago. With these numbers, it’s easy to see why Oakland is the top sellers’ market in the U.S.

This article was published on May 22, 2013 by Scott Garner on realtor.com. See the original article here