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Sunday, July 30, 2006

Appreciation for condos: King County

Condominiums appreciated 13.5 percent a square foot in King County last year. That was slightly below the 16.3 percent appreciation rate for single-family homes. The median sales price for condos was considerably less than for single-family home ($215,000 compared with $371,380) but more expensive per square foot ($211 compared with $207). The map below shows condo appreciation rates for 41 areas in King County from 2004 to 2005. The area with the greatest appreciation last year was Central District/Madison Park at 23.9 percent, while the slowest was Ravenna/Wedgwood at 0.2 percent.

King County condo appreciation map

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41
BY MEDIAN PRICE BY AVERAGE PRICE CHANGE
Neighborhood Median Price 2005 Avg. price
change 04-05
1 Crown Hill/Greenwood/Shoreline $199,700 16.8%
2 Northgate $180,000 15.1%
3 Lake City/Lake Forest Park $169,590 8.8%
4 Kenmore/Bothell $189,000 14.8%
5 Woodinville $216,000 10.2%
6 Inglewood $194,250 19.5%
7 Juanita $178,000 13.8%
8 Kingsgate $137,000 6.6%
9 Redmond $256,268 16.2%
10 Overlake $142,375 6.8%
11 Kirkland $259,000 9.5%
12 Ravenna/Wedgwood $230,000 0.2%
13 Green Lake/Wallingford $260,000 1.1%
14 Ballard/Fremont $266,225 11.6%
15 Magnolia/Interbay $245,000 10.7%
16 Queen Anne $293,000 12.4%
17 Lower Queen Anne $299,975 16.5%
18 Lake Union $300,750 11.4%
19 Belltown $359,990 23.2%
20 Downtown/First Hill $324,900 6.4%
21 Capitol Hill/Montlake $270,000 22.3%
22 Central District/Madison Park $232,000 23.9%
23 West Bellevue/Medina $298,000 9.8%
24 East Bellevue $225,000 13.5%
25 Eastgate $224,770 17.9%
26 Sammamish $251,412 14.9%
27 Issaquah $229,495 16.9%
28 Newcastle/Kennydale $215,000 13.5%
29 Mercer Island $265,000 10.6%
30 Rainier Valley/Beacon Hill/Skyway $174,625 5.5%
31 Alki $254,975 6.3%
32 Delridge/Fauntleroy $195,000 13.1%
33 Burien $129,250 19.2%
34 Tukwila/Sea Tac $126,500 8.2%
35 Renton $167,226 6.7%
36 Fairwood $149,925 10.7%
37 Lea Hill/East Hill $155,300 16.6%
38 Kent $194,975 12.1%
39 Des Moines $149,950 10.8%
40 Federal Way $143,950 6.7%
41 Auburn $135,000 15.7%
Neighborhood Median Price 2005 Avg. price
change 04-05
22 Central District/Madison Park $232,000 23.9%
19 Belltown $359,990 23.2%
21 Capitol Hill/Montlake $270,000 22.3%
6 Inglewood $194,250 19.5%
33 Burien $129,250 19.2%
25 Eastgate $224,770 17.9%
27 Issaquah $229,495 16.9%
1 Crown Hill/Greenwood/Shoreline $199,700 16.8%
37 Lea Hill/East Hill $155,300 16.6%
17 Lower Queen Anne $299,975 16.5%
9 Redmond $256,268 16.2%
41 Auburn $135,000 15.7%
2 Northgate $180,000 15.1%
26 Sammamish $251,412 14.9%
4 Kenmore/Bothell $189,000 14.8%
7 Juanita $178,000 13.8%
28 Newcastle/Kennydale $215,000 13.5%
24 East Bellevue $225,000 13.5%
32 Delridge/Fauntleroy $195,000 13.1%
16 Queen Anne $293,000 12.4%
38 Kent $194,975 12.1%
14 Ballard/Fremont $266,225 11.6%
18 Lake Union $300,750 11.4%
39 Des Moines $149,950 10.8%
15 Magnolia/Interbay $245,000 10.7%
36 Fairwood $149,925 10.7%
29 Mercer Island $265,000 10.6%
5 Woodinville $216,000 10.2%
23 West Bellevue/Medina $298,000 9.8%
11 Kirkland $259,000 9.5%
3 Lake City/Lake Forest Park $169,590 8.8%
34 Tukwila/Sea Tac $126,500 8.2%
10 Overlake $142,375 6.8%
40 Federal Way $143,950 6.7%
35 Renton $167,226 6.7%
8 Kingsgate $137,000 6.6%
20 Downtown/First Hill $324,900 6.4%
31 Alki $254,975 6.3%
30 Rainier Valley/Beacon Hill/Skyway $174,625 5.5%
13 Green Lake/Wallingford $260,000 1.1%
12 Ravenna/Wedgwood $230,000 0.2%

Source: Seattle Times analysis of King County assessor's data, Northwest Multiple Listing Service