Downtown Seattle Condo Appreciation 2007

One neighborhood that underperformed in 2007 was the Downtown Seattle/Belltown area (MLS area 701) which posted a modest 6.0% increase in appreciation. Actually, 6% is pretty good, however, many expected the downtown area to reach 9% or 10%. In reality, if it wasn't for year end closings at a couple of newly completed developments, we could have realized an even lower rate.

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