NW Seattle Prices: What Doom? What Gloom?
Amidst the national doom-and-gloom reporting about tanking home prices, area 705 in Seattle is a little ray of sunshine.
Single-family home prices are up nearly 10% year-on-year, with condo prices, which bobbled a bit early in the summer, eking out a 2.69% gain.
| Area 705 | August 07 median | 1 month ago | change | 4 months ago | change | Year ago | change |
| All | $433,000 | $453,000 | -4.62% | $444,000 | -2.54% | $439,725 | -1.53% |
| Houses | $494,500 | $487,975 | 1.38% | $475,000 | 4.11% | $450,000 | 9.89% |
| Condos | $305,000 | $284,950 | 7.04% | $295,500 | 3.21% | $297,000 | 2.69% |
Of course, that sun is only shining on sellers. If you’re a buyer, perhaps you’re hoping for a few clouds and rain showers to brighten the affordability picture.
You’ll find Northwest Multiple Listing Service numbers here. Click on the link to King County Breakouts to see area 705 specifics. My post last month on area 705 prices was, unfortunately, lost forever due to some faulty assumptions on my part regarding templates and weblog behavior.
Note: All information from sources deemed reliable but not guaranteed.
