SEATTLE REAL ESTATE MARKET UPDATE

Real Estate is constantly in the media and there is a lot of discussion about what will happen with our housing market in Seattle. While nationally, the housing market is undergoing many changes, locally here in Seattle those changes are not as prevalent as they are in many other areas. We are fortunate that Seattle’s economy is thriving and that the outlook is positive for future growth.

Our current real estate statistics show that appreciation rates are still rising.

Single Family Residential Resale Appreciation Rates by zip code in the Seattle area

• 98102 - July 2007-2006 change 9%
• 98103 - July 2007-2006 change 10%
• 98105 - July 2007-2006 change 8%
• 98106 - July 2007-2006 change 10%
• 98107 - July 2007-2006 change 20%
• 98109 - July 2007-2006 change 14%
• 98112 - July 2007-2006 change 13%
• 98115 - July 2007-2006 change 11%
• 98116 - July 2007-2006 change 12%
• 98119 - July 2007-2006 change 11%
• 98122 - July 2007-2006 change 16%
• 98125 - July 2007-2006 change 7%
• 98126 - July 2007-2006 change 7%
• 98199 - July 2007-2006 change 13%

Condominium Resale Appreciation Report by zip code

• 98101 - July 2007-2006 change 45%
• 98102 - July 2007-2006 change 11%
• 98103 - July 2007-2006 change 28%
• 98105 - July 2007-2006 change 15%
• 98106 - July 2007-2006 change 15%
• 98107 - July 2007-2006 change 15%
• 98109 - July 2007-2006 change 14%
• 98112 - July 2007-2006 change 14%
• 98115 - July 2007-2006 change 11%
• 98116 - July 2007-2006 change -7%
• 98119 - July 2007-2006 change 16%
• 98122 - July 2007-2006 change 17%
• 98125 - July 2007-2006 change 9%
• 98126 - July 2007-2006 change 8%
• 98199 - July 2007-2006 change 14%