Tag: Seattle Condo Appreciation
First quarter 2009 condo market update
The first quarter results confirm what most people already know about Seattle’s condo market – it continues to struggle. Citywide, the number of closed sales are down about 46% from first quarter last year while values have decreased 9.7%.
March 2009 Condo Update
Sales activity picked up last month while the citywide median price and inventory supply rate held steady compared to February. Though, year-over-year figures show the market continues to underperform.
February 2009 condo market update
The Seattle condo market’s February results were underwhelming. From a record high $335,000 citywide median price in January, February came in at $274,000, the lowest level since June 2006.
January 2009 Seattle condo market update
The median Seattle condo price rose to $335,000 last month, a record high and an 9.84% increase over January of last year. Unfortunately, that was due to high-end unit closings in downtown (MLS area 701) rather than an overall market improvement.
2008 Seattle condo appreciation rates
Citywide, the 2008 median price for Seattle condos depreciated by just 0.9%, from $315,000 to $312,000. Most areas did see declines but a handful of neighborhoods realized healthy gains.
December 2008 Condo Market Update
Bucking conventional wisdom December results turned out better than had been prognosticated. The median price rose to the second highest monthly level in 2008, the inventory supply continued to fall and more offers were went under contract.
Third quarter 2008 condo market update
Third quarter results showed no Earth shattering revelations about the market – prices and sales are down. Seattle’s condo median price for Q3 2008 was $305,000, down 5.3% from the same period last year.
Condo values holding firm…
Seattle’s condo market has experienced considerable fluidity, yet through first eight months this year the citywide condo values have remained on par with 2007.
May 2008 Condo Market Update
May’s condo market performance reflected an improvement over April marking the second year-over-year increase in median price this year. At $320,000, Seattle’s condo median price increased 2.4% over April and 4.1% over May of last year.
Seattle Condo Performance & Appreciation for 2007
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…
