The real estate site Zillow released a map today that shows the changes in home values (as calculated by Zillow) over the last year.
If I’m reading the map correctly, most of Ballard, Phinney and Fremont are down 1-3%, yet Sunset Hill is down 1% or less. As far as the Seattle metro area goes, North Seattle has held its value like few other neighborhoods.
For kicks, compare it to Los Angeles, for example, where the “best” areas dropped 11% or less. Or better yet, check out Stockton, CA, where the best neighborhoods dropped 28% or less. Wow.
It's a super tough market. We getting a lot of people looking but nobody is buying. It's time to get a second job!