Seattle's Capitol Hill (MLS Area 390) condo market performed respectably in 2007. Though, the slowing market and increase in lower-end condo conversion sales impacted values. As a result, Capitol Hill's annual median price appreciation for 2007 increased only 3.1%, well below the citywide 7.2% appreciation rate.

Source: NWMLS. Appreciated rate based on closed sales reported as of 01/16/08.
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