condo appreciation rate: Seattle Condo Update - March 2008 - 04/19/08 05:55 PM
Last month’s market performance figures reflected continued confidence in Seattle’s condo market. The city-wide condo median price rose to a high of $329,975, a 4.1% increase over the same period last year, reversing a two month slide. The condo inventory supply, or absorption rate, decreased for the second consecutive month while … (0 comments)

condo appreciation rate: February 2008 Condo Update - 03/19/08 05:13 PM
February performance results exhibited the buoyancy of Seattle’s condo market. As we’d expect moving towards Spring the market is beginning to pickup with increases in the number of sales, closings and median price. Compared to January there was a 20.7% increase in the number of properties going under contract (pendings), a … (4 comments)

condo appreciation rate: Northeast Seattle Condo Appreciation 2007 - 01/17/08 02:24 AM
Condos in Seattle's Northeast neighborhoods realized a respectable 7.4% increase in appreciation, closely matching the citywide rate of 7.2%.  The Northeast area (MLS Area 710) includes the U-district, Lake City, Northgate, Sand Point and the Pinehurst neighborhoods.  While the demographics vary widely in this area, collectively, it's the most affordable area … (0 comments)

condo appreciation rate: Northwest Seattle Condo Appreciation 2007 - 01/17/08 02:18 AM
Seattle's real estate market is made up of many mico-markets with different characteristics and performance results.  The best performing area for condos in 2007 was in Seattle's Northwest neighborhoods of Ballard, Greenwood, Green Lake, Fremont, Wallingford and Bitter Lake (MLS Area 705).  The Northwest area realized a fantastic 16.7% appreciation rate … (0 comments)

condo appreciation rate: West Seattle Condo Appreciation 2007 - 01/17/08 02:06 AM
Perhaps the most disappointing condo appreciation result was in West Seattle which managed to eek out a 1% increase in annual median price for 2007.  West Seattle had a tough year with two developments converting to apartments.  As for 2008, it's a toss up as to what will happen.  On one … (0 comments)

condo appreciation rate: Downtown Seattle Condo Appreciation 2007 - 01/17/08 01:58 AM
One neighborhood that underperformed in 2007 was the Downtown Seattle/Belltown area (MLS area 701) which posted a modest 6.0% increase in appreciation.  Actually, 6% is pretty good, however, many expected the downtown area to reach 9% or 10%.  In reality, if it wasn't for year end closings at a couple of … (0 comments)

condo appreciation rate: Queen Anne Condo Appreciation 2007 - 01/17/08 01:52 AM
Seattle's distinctive and historic Queen Anne neighborhood realized an extremely healthy 14.2% increase in condo value in 2007 (based on median price).  Queen Anne and downtown were the only two neighborhoods where the median price exceeded the city's condo median price of $315,000.  Overall, Seattle condos appreciated 7.2% in 2007.
Source: NWMLS.  … (0 comments)

condo appreciation rate: Capitol Hill Condo Appreciation 2007 - 01/17/08 01:46 AM
Seattle's Capitol Hill (MLS Area 390) condo market performed respectably in 2007.  Though, the slowing market and increase in lower-end condo conversion sales impacted values.  As a result, Capitol Hill's annual median price appreciation for 2007 increased only 3.1%, well below the citywide 7.2% appreciation rate.
Source: NWMLS.  Appreciated rate based on … (0 comments)

 
Real Estate Agent: Ben Kakimoto - Seattle Condo Specialist (John L. Scott - Seattle | Belltown)
Ben Kakimoto - Seattle Condo Specialist
Seattle, WA
More about me…
John L. Scott - Seattle | Belltown

Office Phone: (206) 295-4683
Cell Phone: (206) 295-4683
Email Me

Ben is a Seattle condominium specialist located in downtown Seattle and is the founder and author of the popular Seattle Condo Blog

Ben also maintains the Seattle real estate blog - Seattle Housing Buzz.

Ben specializes in urban Seattle real estate.






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