Jul 30 2006
Condos Overtake Houses in Appreciation
The Seattle Times recently reported that condos in King County has surpassed single family homes in appreciation. Part of the reason is due to a new mentality about condo living, that it’s no longer for people who can’t afford single family homes. As new condos are being built in downtown areas, it’s becoming a lifestyle choice.
In the first six months of this year, condos in King County have appreciated 21.9 percent a square foot compared with the same period in 2005. That’s slightly faster than the 19.7 percent that single-family homes appreciated in the first half of this year.
