2006 Condo Appreciation - Seattle
Feb 16th, 2007 by Ben_Kakimoto
2006 Condo Appreciation rates for selected Seattle neighborhoods as compared to 2005.
Overall, 2006 was quite healthy for Seattle condos and many people who sold their units did well. Though, Queen Anne, surprisingly didn’t fare as well.
Notes:
- Data compiled upon NWMLS sold listings.
- Data does not include for-sale-by-owner or closed pre-sale activity that were not listed in the NWMLS (e.g. The 2200).
- Data does not include current pre-sale pending transactions (e.g. Canal Station).
- Information is deemed accurate but not guaranteed.
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I agree, Queen Anne, compared to others is a head scratcher. Nice breakdown by neighborhood.
[…] The initial sticker shock of Seattle housing prices sort of forced us into looking cheap. Well, being that there is no real “cheap” available in Seattle, the next best thing was to look at condos (damn you Aspen!). And while we can’t rule out condos, our investment team has good experience with the fixer-upper strategy. It’s more time consuming in the search, and fraught with some level of risk, but the potential payoff is considerably larger. Especially for shorter-term investments where high appreciation rates are necessary just to recoup purchasing and loan fees. […]