As football fans everywhere look forward to a Seattle Seahawks/Denver Broncos Super Bowl, real estate experts are again pitting the two cities against each other in terms of their burgeoning real estate markets. Yes, it’s time for a hard-fought Real Estate Super Bowl.
Last year, Seattle dominated categories like median household income and education level. 58% of Seattleites over age 25 have a bachelor’s degree or higher, versus 45% of Denver residents. The teams were almost neck-and-neck in population (612,916 for Seattle; 604,356 for Denver) and average square footage (1622 for Seattle, 1671 for Denver). Forty-nine extra square feet doesn’t equate to a lot of yardage for Denver, but the Mile-High City did surge ahead in categories like average lot size (6250 vs. Seattle’s 5500) and number of homes for sale near the city’s football stadium (299 vs. Seattle’s 194). It was indeed a close contest overall.
This year will be another close call. According to projections, Denver’s “players” move the fastest—the median number of days a home spends on the market is just 18 days in Denver, vs. 32 in Seattle. Seattle, however, has the most valuable players, if you measure value in terms of a home’s selling price: Seattle’s average home price is $285,849, compared to $259,000 for Denver. Seattle also has significantly more veteran players—it has a higher ratio of existing homes on the market compared to new construction. This kind of matchup should make for a riveting Real Estate Super Bowl. Who will come out ahead?
To make an accurate prediction, it’s necessary to look beyond figures and investigate more subjective categories. Seattle leads in two such areas: coaching staff and home-field advantage. Seattle’s superior coaching staff consists of real estate agents who are deeply knowledgeable and totally committed to finding buyers the home of their dreams.
Seattle’s home-field advantage is equally impressive. While the football Super Bowl is taking place at MetLife Stadium in New Jersey, the Real Estate Super Bowl takes place on the home field of each competing city, and the Seattle waterfront home field is considerably more appealing than Denver’s. Ocean views and a wide variety of bay and lakeside homes put the Emerald City decisively ahead. Only in Seattle can home buyers find stunning properties overlooking Puget Sound, and amazing waterfront houses bordering Lake Washington and the other breathtaking bodies of water that dot the Seattle metro area. This is going to be the game clincher for Seattle.