As a follow-up to the December Market Update post I’ve included charts comparing the monthly median condo price of various neighborhoods for 2006 and 2007 by MLS area. I also calculated the annual median price appreciation rate based on closed sales for 2007.
For the year, Downtown, Capitol Hill and West Seattle underperformed with single-digit appreciation rates. West Seattle was particularly disappointing, eeking out a 1% increase in value. However, the North Seattle neighborhoods and Queen Anne performed exceptionally well.
Capitol Hill / Madison Park / Central - MLS Area 390
Annual Median Price Appreciation 2007: 3.1%
