October 23, 2007
NW Seattle Sales: Condos Come On Strong
The pendulum’s swung in Area 705. Condos were in the dumps early this summer, with median prices falling then staying flat. Now there’s been a huge uptick, while single-family home prices slid from summer highs back to where they were this spring.
| Area 705 | September 07 median | 1 month ago | change | 3 months ago | change | Year ago | change |
| All | $425,000 | $433,000 | -1.85% | $436,750 | -2.69% | $419,875 | 1.22% |
| Houses | $474,950 | $494,500 | -3.95% | $490,000 | -3.07% | $450,000 | 5.54% |
| Condos | $319,900 | $305,000 | 4.89% | $284,950 | 12.27% | $273,950 | 16.77% |
There is price growth overall, however, when you look at year-on-year figures. In fact, I’d call Area 705 condo prices red hot, especially compared to the September-to-September gain of 7.57% for all of Seattle combined.
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 is here.
Note: All information from sources deemed reliable but not guaranteed.
