The Seattle Times just published their annual home values review in King County. Here is some interesting data for condominiums. Since 2000, condominiums have outperformed single-family houses two out of five years in King County. And even when they haven’t, their appreciation has been strong.
Income required for condos in Belltown is $81,728. Income required for Capitol Hill and Queen Anne, Fremont, and Ballard is around the same at $60,000’s. Check out the full article.
Neighborhood Median price Avg. price change Avg. annual
2005 2004-2005 5 yr change
Belltown $359,990 23.2% 6.1%
Downtown/First Hill $324,900 6.4% 3.6%
Lower Queen Anne $299,975 16.5% 6.0%
Queen Anne $293,000 12.4% 7.8%
Lake Union $300,750 1.4% 5.5%
Capitol Hill/ $270,000 22.3% 6.6%
Central District/ $232,000 23.9% 6.9%
Source: Seattle Times
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