Report also uncovers where the quarterbacks, rookies, and super fans could afford to live in each city
Seattle, WA – Jan. 21, 2014 (PRNewswire) Redfin (www.redfin.com), the technology-powered real estate brokerage, today released a report comparing Denver and Seattle when it comes to home prices, types of homes, and other city characteristics. The report also looked at where the quarterbacks, rookies, and super fans could afford to live in each city.
What are the fans like? Healthy, wealthy and wise.
Outside of the stadium, Denver fans and Seattle fans would probably get along. According to the American College of Sports Medicine’s most recent American Fitness Index, Seattle is the #8 most “fit and healthy” city, while Denver ranks #9. Both cities are located near mountain ranges that offer a host of outdoor activities, which helps to keep each city fit.
Denver and Seattle also have a healthy economy, with numerous technology companies headquartered in the region. However, Seattleites bring home more income. According to the latest Census data, the median household income in Seattle is $63,470, vs. $49,091 in Denver. And all those high-tech jobs require a college education; in Seattle, 58% of people over the age of 25 have a bachelor’s degree or higher, and in Denver 45% of people do.
How do they live? In 1,600 square feet.
Around half the people in Denver and Seattle own a home (50.4% vs. 47.3% respectively). And it’s a good thing people in Seattle have a higher income, because Seattleites pay a lot more than those in the mile high city. According to Redfin data, the median sale price of homes sold in 2013 was $403,402 for Seattle and $260,547 for Denver.
What do they get for that price? The homes in each city are about the same size, with a median square footage of around 1,600. However, people in Denver have bigger yards, with a median lot size of 6,250 square feet vs. Seattle’s 5,500. What Seattle homes lack in yard space they make up for in views. According to data that Redfin pulled from the multiple listing service, 63% of Seattle homes sold in 2013 mentioned a view in the listing description, vs. 14% of Denver homes.
Where could their quarterbacks, rookies and super fans live?
According to Spotrac, the Bronco’s Peyton Manning earns $19.2 million annually. After joining the Broncos, he purchased this beautiful home in Cherry Hills Village for $4.575 million. The estate spans more than 16,400 square feet, with seven bedrooms and 7.5 baths. It features a gun room/safe house, billiard room with full bar, home theater, an AMX home computer system, and an elevator to all three levels. If he’s looking to upgrade after this year’s big game, Redfin suggests the home at 4603 S Denice Dr, which is currently on the market for $9.5 million. It spans 21,000 square feet and has all the amenities of his current home, plus a giant pool and spa.
The Seahawks’ Russell Wilson earns just $749,176 annually, but it’s likely this quarterback phenom will get a huge raise in his next contract and might be looking to trade up into bigger digs in the near future. If he wants to stay close to the stadium, he could purchase this modern home only two miles away for $789,000. If he wants to move near the Seattle Children’s Hospital where he volunteers, there’s this home in Laurelhurst for $1.399 million.
Rookies Montee Ball and Luke Willson
Montee Ball, the rookie running back for the Broncos, brings home $866,082 annually, which is more than Russell Wilson. With that kind of income, Ball could purchase a beautiful three-bedroom home in Lone Tree, CO, for $870,550. On the Seahawks side, rookie tight end Luke Willson makes $584,633 annually. For that kind of money, Redfin suggests a unit in the brand new Solo Lofts building, close to Ballard nightlife.
One of the most talked about players this year is Richard Sherman, the Seahawks’ cornerback who taunted 49ers players in a post game interview after the NFC Championship. According to the July 2013 issue of Sports Illustrated, Sherman lives in the suburbs of Seattle, near a forested area that attracts deer and other wildlife. He makes an average of $555,606 annually, but that’s surely going to increase after this tremendous year. When he’s ready to upgrade, Redfin suggests the estate at 20515 SE 388th St, listed for $1.1 million. The 7,200 square foot home is surrounded by 10 forested acres, and offers plenty of space for entertaining friends and family after the big game.
For the Fans
Super fans who want to live within two miles of the stadium have plenty of options in both cities. There are 299 homes for sale near the Mile High Stadium, with a median list price of $489,000. Redfin suggests the home at 3319 W. 20th Ave, just four blocks from the stadium, with an asking price of $449,900. There are 194 homes for sale near CenturyLink Field, with a median list price of $537,000. One option is the renovated condo at 1119 1st Ave, #301, which is on the market for $245,000 and just a short walk to the stadium.
To read the full report, complete with images, click or paste the following link: blog.redfin.com.
Redfin (www.redfin.com) is a technology-powered real estate broker that represents people buying and selling homes. Founded and run by technologists, Redfin has a team of experienced, full-service real estate agents who are advocates, not sales-people, earning customer-satisfaction bonuses, not commissions. Redfin.com features all the broker-listed homes for sale, as well as for-sale-by-owner properties that don’t pay brokers a commission. Redfin also offers online tools that make the entire process of buying or selling a home easier and more fun. The company serves 22 U.S. markets and has closed more than $13 billion in home sales. In 2012, Redfin was named one of The DIGITAL 100: World’s Most Valuable Private Tech Companies by Business Insider.