In Seattle, million-dollar homes are suddenly everywhere

KUOW | By Bill Radke

Published May 23, 2016 at 2:50 PM AKDT

The boxy-style house on the left has been finished since this photo was taken in the summer of 2015. The house sold for $1,145,000, according to county records. Greenwood — This Greenwood house, now finished, sold for $1.15 million according to county records.

The number of million-dollar homes in the Seattle area has tripled over the past four years, according to a Seattle Times analysis of data from the real estate website Trulia.

Bill Radke speaks with Seattle Times economics columnist Jon Talton about how and why we've seen such a steep increase in the worth of single-family homes and whether Seattle is becoming the next San Francisco.