Originally published September 10, 2007 at 12:00 AM | Page modified September 10, 2007 at 5:48 PM
Local home prices keep rising, but at slower pace
Local home prices continued rising in August, but at a slower pace, the Northwest Multiple Listing Service reported today. The Puget Sound region...
Seattle Times business reporter
Local home prices continued rising in August, but at a slower pace, the Northwest Multiple Listing Service reported today.
The Puget Sound region overall saw a 5 percent increase in selling prices from last year.
Single-family home prices in Seattle broke the half-million mark, rising about 10 percent to a median $501,000, up from $455,000 in August 2006. Seattle condos sold for a median price of $327,500, a 5.7 percent increase from last August's $309,950.
King County single-family homes sold for a median price of $477,345 in August, 9.7 percent higher than the $435,000 reported last August. Meanwhile, median condo prices in King County rose 5.8 percent to $285,000, from $269,500 a year ago.
The median selling price for single-family homes in Pierce County rose 6 percent to $291,500 from $275,000 last year. Condos in Pierce County sold for a median price of $219,900, up 7.3 percent compared with $205,000 last August.
Kitsap County had a 5 percent increase in single-family home prices from last August, to $299,500 from $285,000. Kitsap saw a sizable increase in condo prices, with the median price at $340,000 this August, up from $210,500 last year. But the sample size of condos sold is relatively small; about 65 condos were sold in Kitsap County this August, up from 38 last year.
Snohomish County saw a 4.5 percent increase in prices for single-family homes to $375,000 this August, rising from $358,875 the same month in 2006. Snohomish condos had a median price of $242,639, up 12.9 percent from $214,900 last August.
Bibeka Shrestha: 206-515-5632 or bshrestha@seattletimes.com
Copyright © 2007 The Seattle Times Company
Nintendo re-enlists Mario, savior of video-game industry
Verizon-Frontier deal stirs concern among consumers
Brier Dudley: 'Guitar Hero' founder excited about future
Gaps for consumers in Democrat health care bills
Hutch gets $10M from Bezos family for immunotherapy research

Real Salt Lake wins MLS Cup
Real Salt Lake defeated the Los Angeles Galaxy with penalty kicks after 120 minutes of play at Qwest Field in Seattle.
nwjobs

Post a comment

Michelle Goodman blogs about work/life balance.
How to tell your office you're gravely ill
Post a comment
nwautos

Choosing a new sedan? Weigh the impact of your choice on your wallet and on the planet.
Post a comment
- 'The Road' takes Viggo Mortensen to Mount St. Helens and Astoria, Ore.
- Tugboat sinks at Seattle waterfront pier
- Illegal workers quietly let go
- Child-support error costs nearly $21,000
- Vikings easily beat the Seahawks
- Craigslist adoption ad: A plea by young mother-to-be? A scam?
- Chase shrugs off loss of CD investors
- Woman stabbed by stranger in North Seattle
- Snow piles up on Cascade slopes
- Denny Triangle gains skyline, but tenants slow to come
- Vikings easily beat the Seahawks
147 - Child-support error costs nearly $21,000
132 - Palin excitement builds in Tri-Cities
129 - Tight Senate vote launches health care over hurdle
124 - Cutting through breast-cancer confusion
99 - Illegal workers quietly let go
94 - Historic health care bill clears Senate hurdle
90 - Game thread
70 - New York terror trials will restore faith in rule of law
69 - Chase shrugs off loss of CD investors
55
- Sprouts, raw fish on attorney's 'do not eat' list
- 'The Road' takes Viggo Mortensen to Mount St. Helens and Astoria, Ore.
- Child-support error costs nearly $21,000
- It's possible to recover a life lost to hoarding
- Rediscovering Moab, 'the most beautiful place on Earth'
- Food-safety lawyer's wish: Put me out of business
- Washington state wines make annual best-of list
- Illegal workers quietly let go
- Tattoos at Mill Creek church pierce skin, soul
- Banff: powder, peaks & purity





