Belltown condo prices increase in 2009

In a small ray of light among many darker clouds, the Belltown neighborhood of Seattle had a median price increase of 2.8% comparing Year-To-Date 2009 vs. YTD 2008. The median home price sold in Belltown was $427,000 in at this point in 2008 vs. $439,000 today.

A lot of factors could be contributing to this increase, including high-priced new construction condos coming on the market and a much lower number of total transactions, skewing the median upward. The total number of homes sold in Belltown during this same timeframe was off by more than half, which quickly rains on the very short parade of price appreciation.

Belltown condos for sale

Belltown's waterfront condos

Belltown is at the North end of downtown Seattle, and doesn't have a lot of waterfront real estate, but there are a handful of condo buildings that are technically on the water.

At the moment, there are just 2 condos in Belltown listed as waterfront, but they're both surprisingly affordable. Both come in under $320,000, which is below the median price point in Belltown overall. These are smaller condos (a 1 bedroom and a studio), but this is entry-level pricing for Seattle waterfront living.

Belltown waterfront condos for sale