Amazon's basic salary has risen to 350,000, can the cost-effective listings around the headquarters still be grabbed?

On Friday, the company's stock soared 13.5 percent after Amazon's quarterly earnings report, its largest single-day gain ever, when the company's market capitalization grew by about $190 billion, pushing Amazon's total market capitalization to $1.6 trillion, making it the fifth-largest company in the world by market capitalization.

Amazon's business is still expanding strongly, and recently said it would hire an additional 55,000 people worldwide for positions in areas including robotics, research and engineering. And, just a day ago, Amazon announced raising its base salary cap for white-collar workers from $160,000 to $350,000. For the elite, the booming tech giant undoubtedly has a magnet-like appeal.

The red label is home to Amazon's Seattle headquarters

Market trends

In particular, Amazon's headquarters in Seattle is a pilgrimage site in the hearts of many scientific and technological talents. Growing employees have also brought the surrounding real estate market to life. Seattle's housing market is rated by Redfin as a highly competitive 82, and usually popular listings sell within 5 days of listing, with a price increase of more than 5%.

As of December 2021, seattle's median apartment prices were up 13 percent year-over-year, and transaction volumes were up 32 percent. As the market climbs rapidly, the number of listings available for rent and sale has dropped dramatically. The scarcity of quality housing has always been a popular property in the areas around Amazon's headquarters in popular areas for rent and sale, and 2022 is bound to usher in another wave of growth.

Today, the editor of YMG Meidi Real Estate has selected 3 sets of boutique apartments priced at 650,000-800,000 US dollars to recommend to everyone, and the driving distance from Amazon headquarters is within 5 minutes, and it is suitable for investment and self-occupation!

Listing 1: 1 bedroom 1 bath Condo

Basic information

MLS Number:	1815899
Region:	Seattle,WA
Property Type:	Condo
Asking Price of Property:	$675,000
Property Unit Price:	$754/sq ft
Number of floors:	1st floor
Number of rooms:	1 room
Number of bathrooms:	1 bath
parking space:	1 pcs
Property management fee:	$814/month
Indoor area:	895sqft（83㎡） Garage and indoor staircase area are not included
Site Area:	Pool
Year Built:	In 2009

Traffic index

Live-action pictures

Listing 2: 2 bedroom 2 bath Condo

	1880993
	Seattle, WA
	$592/sq. ft
	2 rooms
	2 baths
	$692/month
	1,141sqft（106㎡）
	In 2006

Listing 3: 2 bedroom 2 bath Condo

	1881079
	$780,000
	$712/sq. ft
	2 pcs
	$496/month
	1,096sqft（102㎡）