Uptown Seattle Washington Real Estate

Zip Codes: 98109, 98119

Uptown Seattle Washington Real Estate General Info

There is no better way to get educated about Seattle real estate than to learn about the neighborhoods The neighborhood of Uptown is located just north of the neighborhood of Belltown and just at the bottom of the neighborhood of Uptown. Uptown is also commonly referred to as “Lower Uptown”. View Current Uptown Real Estate Statistics

Real estate in Seattle’s Uptown neighborhood is in high demand. This is shown to be true by the average number of days a home stays on the market. As of April 2007, the average number of days a home stays on the market is 47 with a median of 35 days. What this means is when you find a piece of real estate in Uptown that interests you, and you truly are in the market, you need to make an offer before someone else beats you to it.

The boundaries for Uptown range from west of highway 99 at Ward Street to Uptown Avenue and then south to Roy Street. The northern boundary continues west on Roy Street and cuts towards the water to Elliott Bay Park and then south to where Western Avenue meets Denny Avenue. From there, it follows Denny to Broad and wraps around the Seattle Science Center back up to Highway 99 at Ward Street.

Uptown Seattle Washington Real Estate Is Poppin’

Uptown is a fairly dense neighborhood. There aren’t any single family homes to speak of but only a couple. The rest of what you will find are condos and apartments. There is a fair balance between “mixed use” property and not.

Let’s face it. Uptown is literally ten minutes north of Downtown Seattle and therefore is going to be a little busier than not. It can be a little noisy at any time of the day and night. I believe this is what gives Uptown its charm and character. This is a neighborhood that there is always something going on.

On any given day, you can leave your condo or apartment and find a multitude of activities going on. The proximity of the Seattle Center and Key Arena ensures that there is either a community or sporting event taking place. View map of the Seattle Science Center.

Uptown Seattle Washington Real Estate - Condos

As of 3.15.07 there are 1285 condos in the neighborhood of Uptown in Seattle. The average year built for condos in Uptown is 1976 with an average size of 846 square feet. Fifty-nine of these condos are located in two-story buildings. The remaining 1226 condos are located in buildings that are taller than two and a half stories.

The average length of ownership for a condo in Uptown is six years. The majority of condos (705) are owned for five years or less. For condos owned between five and ten years there are 274. There are almost just as many (240) condos that have been owned for ten years or more. The average property taxes for condos in Uptown are $2,322.

There are 673 owner occupied condos and 612 non-owner occupied in Uptown.

So far in 2007 (as of 3.15.07), there have been eighteen condo sales in Uptown. This represents less than a 2% turnover rate. This turnover rate is one of the lowest in any Seattle neighborhood.

The average sales price for a condo in Uptown during this year is $398,748. The low price was $244,000 and the high price was $753,000. This brings the average cost per square foot for a condo in Uptown at $408.

Last year, in 2006, there were 152 condos sold in Uptown. This was a respectable 12% turnover rate. The average sales price for these condos was $320,698. The lowest sales price was $130,000 and the high price was 1.25 Million. The average price per square foot was $409.

In 2005 there were 142 condos sold in Uptown. This represents an 11% turnover rate. The average sales price for these condos was $380,966. The lowest sales price was $114,000 and the highest priced sold condo was 2.1 Million. The average price per square foot was $378.

Uptown Seattle Washington Real Estate - Assessed Market Values

Of the 1285 condos in Uptown, 784 of them are assessed below $281,000. During the past twelve months 110 ten of these condos have been sold. The average sales price was 399% higher than the assessed values.

During the same twelve-month period, of the condos that were assessed between 281k and 561k, 47 of them were sold for an average 117% higher price than the assessed value.

Uptown Seattle Washington Real Estate - Single Family Homes

There are 222 single-family residences in Uptown, Seattle. The average year built for these homes is 1920. The average home is 3,544 square feet in size. The average home in Uptown has four beds and two baths. There are 33 single story homes, 34 homes that are one and a half stories, 125 homes that are two stories and, five homes that are greater than two and a half stories tall.

Of the 222 homes in Uptown, 219 of them have basements. The average basement size is 1208 square feet. Thirty-five of these homes have garages that average 350 square feet in size.

The average length of ownership in Uptown is eight years. Eighty of these homes have been owned for five years or less. There are 48 homes that have been owned between five and ten years. Fifty-nine homes have been owned for more than ten years.

There are 185 “owner-occupied” home and 37 “non-owner occupied” homes.

The average property taxes for Uptown are $10,737.

To date in 2007 (4.25.07) there have been two homes in Uptown sold. The average sales price was 1.145 Million. The low price was $866,000 and the high price was 1.425 Million. The average price per square foot was $339.

In 2006 there were 15 homes sold. This represents a 7% turnover in Uptown. The average sales price was just under 1.3 Million. The low price was $741,000 and the high price was 3.35 Million. The average cost per square foot was $405.

In 2005, 10 homes were sold. These 10 homes represented 5% of the Uptown market. The average sales price was right around $1.2 Million. The low price was $370,000 and the high price was $2.98 Million. The average cost per square foot was $400.

This neighborhood is a great area to be searching for Seattle Washington real estate.

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