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As of March 15, 2007 there were 397 condos in the neighborhood of Downtown Seattle. The real estate market history of the Downtown neighborhood is as follows:
Downtown Condos – Property Characteristics
• The average Downtown Seattle condos was built in 1987
• The average size is 841 square feet
• The average condo has 1 bedroom
• The average condo has 1 bathroom
• 397 Downtown condos are in buildings 2.5 stories or taller |
Downtown Condos – Ownership Statistics
• The average Downtown condo is owned for 7.7 years
• 171 condos have been owned between 0 and 5 years
• 80 condos have been owned between 5 and 10 years
• 140 Downtown condos have been owned for over 10 years
• 244 Downtown Seattle condos are owner occupied
• 153 Downtown Seattle condos are non owner occupied
• The average property taxes for a condo are $3,033 |
2007
• 7 Downtown condos sold | 2% of total market
• $503 price per square foot
• $240,000 lowest selling price
• $510,350 average selling price
• $970,000 highest selling price |
2006
• 26 Downtown condos sold | 7% of total market
• $489 price per square foot
• $240,000 lowest selling price
• $436,508 average selling price
• $720,000 highest selling price |
2005
• 42 Downtown Seattle condos sold | 11% of total market
• $431 price per square foot
• $236,900 lowest selling price
• $380,638 average selling price
• $900,000 highest selling price |
2004
• 30 Downtown Seattle condos sold | 8% of total market
• $385 price per square foot
• $173,000 lowest selling price
• $325,260 average selling price
• $685,000 highest selling price |
2003
• 21 Downtown Seattle condos sold | 5% of total market
• $382 price per square foot
• $155,000 lowest selling price
• $355,124 average selling price
• $750,000 highest selling price |
2002
• 4 Downtown Seattle condos sold | 1% of total market
• $363 price per square foot
• $225,000 lowest selling price
• $300,625 average selling price
• $450,000 highest selling price |
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