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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