A house in Wallingford you probably can’t afford. Photo via Wikipedia

You Can’t Afford It: 40 Percent of All Homes for Sale in Seattle Are Listed at More Than $1 Million

But, hey, at least it’s not Mercer Island.

Confirmed: You can’t afford a house in Seattle.

The real estate website Estately has released a report showing that nearly 40 percent of all houses on the market in Seattle are listed at more that $1 million. What’s more, by this metric, Seattle ranks only 10th among King County cities.

If you’re selling a house in Mercer Island, it is quite likely that it costs at least $1 million— as in 95 percent likely. Bellevue is second with with 81 percent and Sammamish third with 66.7.

The data is drawn from February listings, meaning it’s a snapshot in time. According to the data, no house in SeaTac, Maple Valley, and Kenmore were listed at more than $1 million.

If it makes you feel better, buying a house in King County is pricey but still not as bad as in California.

According to a 2016 Coldwell Banker Home Listing Report, the Golden State monopolizes the top-10 of most expensive real state markets in the U.S. Bellevue, with an average of roughly $1.08 million, comes as No. 20 and Seattle is No. 94 with a $.73-million average.

 photo febseattlestats_zpsxvxu9n26.png

More in News & Comment

Maleng Regional Justice Center in Kent. Photo courtesy King County
King County Could Ban Solitary Confinement for Youth in Detention

Last week, a lawsuit was filed over the practice; this week, King County scrambled to respond.

Welcome to the Bliss Jungle

A party house in Shoreline served as a home base for a community of hippies. It was also, according to multiple alleged victims, the scene of numerous rapes.

Is the State Transportation Commission Irrelevant?

A report says the citizen panel often is ignored, and its duties overlap with the Transportation Department.

Tommy Le’s family, joined by their lawyers, held a press conference in September to discuss autopsy results that showed the Burien man was shot in the back. Photo by Daniel Person
Family of Burien Man Killed by Police Calls Inquest Process a Whitewash

Tommy Le was shot by officers who believed he posed a threat. That’s just one side of the story, says the family attorney.

Matthew Davis, lawyer for lead plaintiff Michael Kunath, argues against the income tax Friday.
Income Tax Hearing Brings a Big Crowd and Few Surprises

A decision is likely to come before Thanksgiving.

Covington Man Charged For Threatening Seattle Church

The King County Prosecuting Attorney’s office charged a 25-year-old man for emailing pastors: “Time to engage the artillery and kill you all.”

Tent City 5 Campers Move to Interbay Tiny House Village

About 65 homeless people move to a new location in the neighborhood where they’re guaranteed electricity, heat, and a roof over their heads.

Photo by Nathalie Graham
Battle Lines Are Drawn in the Income Tax Court Fight

On Friday, the City’s attempt at a more progressive tax system begins a journey that is likely to end at the state Supreme Court. Here is a preview of the fight ahead.

Most Read