Tips on Buying a Luxury Home in Seattle in 2024

Buying a Luxury home in Seattle in 2024 is such a nuanced process. For instance a home on the waterfront in Seward Park is totally different from a high end Built Green townhome on Capitol Hill. Or a dated mid-century home in Laurelhurst is going to have a different focus than a grand old estate in Mt. Baker. Unfortunately we only have one term to talk about the upper economic levels of our market and that term is “Luxury.”

Oh and if you are moving here from a more affordable region in the country our version of luxury is going to be different than yours. The average price for a home in Seattle hovers between $850K – $1.1M depending on the neighborhood. One million dollars is not luxury. It is a mid-range price point for homes in Seattle.

Before we get started here are some blogs and other content to help you navigate our luxury market in Seattle in 2024.

Start Here – How to Buy a Luxury Home in Seattle in 2024

<<coming soon video about buying a home in Seattle>>

Make sure to read the blog below about the nuances of how to win in this market. But before you go any further you need to educate yourself about the home buying process. The smartest Diva Dwellers are the ones who do a deep dive into each step it takes to buy a home in Seattle this year.

Tips From Team Diva on Buying a Luxury Home in Seattle in 2024

Many of our buyers are buying up to their “Forever” home aka luxury home in Seattle these last few years. And we have a lot of clients we are relocating to Seattle from California’s tech hubs who are also in this market. Each of them are a bit different. Before you start your adventure buying your luxury home in Seattle, aka $3,000,000 or higher, dive into the advice from the Team below.

Kim Colaprete’s Advice for Buying a Luxury Home in Seattle in 2024

“Even though the luxury market has seen a spike in inventory and slowing in sales, this market is still solid. Sellers at these price points are used to their homes being on the market longer and they often have less pressure to sell. That said, prices and demand have dropped a little since 2022. So this could be a good year to make that big leap. And remember, rates may be high, but you can refi down the road!” – Kim Colaprete

Roy Powell’s Advice for Buying a Luxury Home in Seattle in 2024

“Luxury homes are abundant but not cheap. It is unlikely we will see steep price drops because luxury sellers will often hold onto the home if it won’t sell. Investigating a home’s condition is paramount when buying luxury. Maintaining a luxury home is expensive and it’s often easier to sell than to do the repairs. When we go looking for these highly unique and highly custom homes, let’s make sure we have a plan for what you need and want.” – Roy Powell

Lindsy Russell-Mitchell’s Advice for Buying a Luxury Home in Seattle in 2024

“Patience is key when buying a luxury home. These types of homes are very unique and sometimes it just comes down to the right timing and the right property.” – Lindsy Russell-Mitchell

Donna Burns’s Advice for Buying a Luxury Home in Seattle in 2024

“A luxury home can be a significant life purchase so make sure you prepare well. Choose your areas, and attend multiple open houses since ‘luxury’ has a variety of interpretations. Choose a real estate broker who is familiar with luxury home purchases as it is important to know how this area of the market works!” – Donna Burns

Hannah Wilson-Hillard’s Advice for Buying a Luxury Home in Seattle in 2024

“Know the other types of homes available in the area around the same price point. It is important to know the comparable properties before submitting an offer so that you know what similar homes sell for. Just because it’s a luxury home doesn’t mean you need to overpay for it. Also don’t waive the home inspection and sewer scope; knowing what is beneath the beautiful finishes is just as important as what the home looks like on the outside!” – Hannah Wilson-Hillard

Thank You For Learning Our Tips From Team Diva on Buying a Luxury Home in Seattle in 2024

Buying a luxury home in Seattle in 2024 is a very nuanced process. For example, a high-end Built Green townhouse in Capitol HIll is totally different from a home on the waterfront in Seward Park. What is considered luxury in Seattle is also going to be different than in other cities. The average price for a home in Seattle hovers between $850K – $1.1M, depending on the neighborhood. In Seattle, $1 million is not luxury; it is a mid-range price point for homes in Seattle.

Before we get started here are some blogs and other content to help you navigate our luxury market in Seattle in 2024.

Learn More About Buying a Luxury Home in Seattle in 2024

If you’d like even more resources about the nuances of buying a luxury home in this market, we have a ton of helpful resources. Our most successful Diva Dwellers are the ones who take the time to educate themselves on this process.

Be a Smart & Savvy Home Buyer & Seller in 2024

Check out our home buyer and seller guides for 2024:

We are here to help. Our team understands that this process can take a year or two. And we are more than willing to give you a personalized plan to get the ball rolling. Feel free to contact us directly at thediva@teamedivarealestate.com or call/text 206-271-0264.