Belltown Seattle Washington Real Estate
Belltown Seattle Photo Gallery
Belltown Seattle Washington Real Estate
If you’re looking for a Belltown Seattle condo, there can be a lot to know. Why would anyone want to consider living in Belltown? Convenience! Living in a Belltown condo affords you many amenities. There are numerous restaurants, nightclubs, bars, and bistros within a five minutes walk. Pike Street Public market is only a few minutes away.
Belltown Seattle Washington real estate is hot. There are many new condo developments going up. A well placed Belltown Seattle condo offers an excellent view of Downtown Seattle, Elliott Bay, and the Olympic Mountains.
Because of the convenience and views, a Belltown Seattle condo is in very high demand. However, Belltown Seattle hasn’t always been a hot spot. Belltown went through a major transformation process during the mid 90’s due to the dot com boom. Most people involved in this boom worked, lived, and played in Belltown Seattle. Many new Belltown Seattle condos were built ranging from tiny studios to giant penthouses.
Belltown Seattle Washington Real Estate - Condos
As of 3.14.07 there are 630 condo units available in Belltown Seattle. The average year built for these condos is 1981. The average Belltown condo is 873 square feet in size. All 630 of these condos in Belltown are in buildings that are over three stories tall.
The average length of ownership for a Belltown Seattle condo is 7.1 years. This lengthy ownership is what helps keep condo prices in Belltown high. Of the 630 condos, 273 of them have been owned for five years or less. For condos that have been owned between five and ten years, the count is 144. There are 157 condos in Belltown that have been owned for more than ten years.
Other ownership statistics for a Belltown Seattle condo are that 376 of these condos are “owner occupied”. The remaining 254 Belltown condos are not.
So far in 2007, there have been ten condos sold. This represents less than 10% of the condos available in Belltown Seattle. The average selling price so far this year for a Belltown Seattle condo is $539,940. The lowest price this year was $235,000 and the high price was 2.2 Million. The average price per square foot for 2007 is $619.
In 2006 there were 42 condos sold in Belltown Seattle. This represented a 7% turnover rate for the neighborhood. The average price for a Belltown condo was $449,637. The low price was a meager $172,000 and the high price was 1.8 Million. The average cost per square foot was $467.
In 2005 there was a six-year high of 59 condos sold in Belltown. These 59 condos represented a 9% turnover rate for the neighborhood. The average price for Belltown condo during this year was $396,541. The lowest price was $119,000 and the highest price being $925,000. The average price per square foot was $433.
Currently there are 529 condos with assessed values under $502,000. This represents 84% of the condos available in Belltown. During the past 12 months 43 of the condos sold in Belltown had an average selling price of $366,012. This average selling price for a Belltown condo was “on average” 1,294% greater than the assessed value.
There are 84 condos in Belltown Seattle ranging in the assessed values of $502,000 to $1,002,000. There were five of these sold during the past 12 months. The average selling price for a Belltown condo was $977,250. This average selling price was 140% greater than the assessed value.
This neighborhood is a great area to be searching for Seattle Washington real estate.
Back To Search For Seattle Washington Real Estate