King County Home Appreciation

AppreciationThe Seattle Times put together an informative graphic that illustrates homes home appreciated by neighborhood between 2003 and 2004. No surprise in that every single neighborhood in King County experienced increase values:

Thanks to low interest rates, last year was a record-breaker that saw 31,333 single-family home sales and 9.8 percent appreciation on a per-square-foot basis. That’s the highest since 1999 and well above 2003’s 4.2 percent. But one thing remained constant: Appreciation varied greatly among neighborhoods, ranging from 31.6 percent in Newport Shores and Kennydale to 3.2 percent in Lake Youngs, between Kent and Renton.

The top five neighborhoods in terms of appreciation were Newport Shores/Kennydale (31.6%), South Central West Seattle (22.7%), Madison Park (22.6%), West Shoreline (17.1%), and East Ballard (15.1%).