Bellevue 2nd Most Livable City

Bellevue

Where is the most livable city in the U.S.? Is it by sun-soaked beaches, near majestic mountains, or smack-dab in the middle of the country where temperatures fall into single digits in winter and snow piles up by the foot? 

2. BELLEVUE, WA

Boasting some of the best schools in the country along with Bellevue College and City University of Seattle, the city offers a small-town environment but many entertainment options and events, such as the annual Bellevue Arts and Crafts Fair. It often hosts technology companies which has helped develop its downtown.

Population: 128,209

Median Household Income: $90,333

Median Home Price: $525,000


25. KIRKLAND, WASHINGTON 

On the coast of Lake Washington, Kirkland offers a host of enviable features from a charming downtown to an abundance of trails and a dynamic economy. Residents enjoy pools, community centers, nearby wineries and fine restaurants.

Population: 75,835
Median Household Income: $87,480

Median Home Price: $415,300

If you guessed beaches or mountains, a recent ranking of the most livable small cities in the U.S. may surprise you.

An annual study from Livability, a marketing company that helps cities attract residents and businesses, finds that Rochester, Minnesota, is the most livable small city in the U.S. The top 25 cities are located in just 13 states, with California having the most at five, followed by Colorado (4) and Washington (3). Only two cities are located on the East Coast — one each in Maryland and Virginia — while 14 are along the West Coast.

Of the top 25, only nine had populations over 100,000, while three came in under 50,000. The average population among the 25 cities is 91,574. The median household income among them is $65,149, with only one city recording median income over $100,000. The median price of a home for all 25 is $373,756.

Other characteristics found among the 25 top cities include strong local economies with big employers, the existence of major universities or other research institutions, and dynamic downtowns that provide residents with an array of dining, shopping and cultural experiences. Beautiful outdoors and recreational activities also popped up frequently.

Livability ranked 2,000 cities with populations between 20,000 and 350,000 to come up with its top 100 places to live in its third annual ranking. It considered more than 40 data points in eight categories: amenities, demographics, economy, education, health care, housing, social and civil capital and transportation and infrastructure.

~Janna Herron, Fiscal Times

State of the Market – 2015

The NW Multiple Listing Service recently sent out their annual summary of the year that was in Western Washington real estate. We probably don’t need to tell you that most of those numbers are up, up, up. Especially if you’ve been trying to buy a house all year long. We perused the report, which was chocked full of numbers, and picked out some of the most shocking, revealing and fascinating numbers within.

home

  1. 2015 saw 88,331 closed sales amongst NWMLS members in 2015, up 14.3 percent from 77,276 in 2014.
  2. The value of every NWMLS member single-family home & condo sale was over $34 billion, up almost 23 percent from 2014.
  3. Both of those numbers are higher than the previous highs of 2007 when the housing market peaked.
  4. Average area-wide supply was 2.4 month, down from the 3.5 months number of 2014. King County was the lowest of all, averaging only 1.3 months of supply. 4-to-6 month supply is considered a balanced housing market.
  5. 2,676 single family homes sold at $1 million or more, which was up over 29 percent from 2014. Add 237 condos priced at $1 million and up in as well.
  6. The median price for a 3-BR home was $283,250, about 7.9 percent higher than 2014. Highest median price for 3-BRs came courtesy of San Juan County with $452,500.
  7. Six of every 10 condo sales (61.9 percent) were located in King County.
  8. As well as older sales did, new construction sales did even better. 8,548 newly-built single family homes sold for a median price of $425,000 while 1,018 new condos sold for a median price of $449,950.
  9. The highest-priced single family home sold in 2015 by a NWMLS member? This $13.8 million Mercer Island estate. Topping the chart of high-priced condos was an Escala 3-BR that went for just over $3.1M.
  10. There was a tie atop the list of cities with the most $5M+ home sales. Mercer Island and Bellevue both saw seven, while Clyde Hill (5), Medina (4) and Seattle (4) were close behind.

~ Sean Keeley