Stock photo

Stock photo

Condominium property values up across King County in 2020

Highest median value jump of 9% in South King County

Median condominium property values rose in 2020 throughout King County, with the largest increases occurring in south and east county communities.

Median value increases were up 9% in South King County, the largest jump in any area, according to a July 15 news release from King County Assessor John Wilson. The median value jump was 8.4% in the northeast part of the county from Kirkland to Woodinville and Duvall.

The King County Assessor’s office is in the process of mailing annual property valuation notices to taxpayers. Notices to condominium owners will be arriving across the county soon.

Each year, county assessors set values on every commercial and residential property value in the state. These values – set effective as of Jan. 1 by state law – are then applied to the next year’s tax bill. Property values are being set as of Jan. 1, 2021, for taxes due in 2022.

Data indicates that home sale prices and overall home values have risen sharply in most King County neighborhoods, despite the economic impacts of the COVID-19 pandemic.

“No one knew what to expect a little over a year ago when this public health emergency began,” Wilson said. “Now it is clear that a primary impact on property values has been caused by homeowners not wanting to sell at this time, leading to reduced supply and big price and value increases.”

Condo median value increase

• Capitol Hill 3.8%

• Downtown Seattle 2.2%

• Queen Anne/Magnolia 3.8%

• I-90 corridor (Renton to Snoqualmie) 7.1%

• Northeast (Kirkland to Woodinville, Duvall) 8.4%

• Northwest (Ballard to Northgate) 3.2%

• South Seattle 3.9%

• South King County 9.0%


In consideration of how we voice our opinions in the modern world, we’ve closed comments on our websites. We value the opinions of our readers and we encourage you to keep the conversation going.

Please feel free to share your story tips by emailing editor@issaquahreporter.com.

To share your opinion for publication, submit a letter through our website https://www.issaquahreporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 300 words or less, we won’t ask you to shorten it.

More in Northwest

File photo
Black drivers disproportionately pulled over by WSP in King, Pierce counties

A study by WSU researchers examined over 3 million traffic stops performed by WSP officers.

t
More than 129,000 kids in state receive first dose of COVID-19 vaccine

During first month of eligibility for those ages 5 to 11; expects to slow spread, protect children

Keith Wagoner
Senator becomes first GOP candidate for secretary of state

Sen. Keith Wagoner will challenge Democrat Steve Hobbs, who was appointed to the statewide post in November

t
Task force recommends reforms to improve state’s response to sexual assault

Recommendations include addressing shortage of sexual assault trauma nurses

File photo
As new COVID-19 variant looms, vaccination disparities linger in King County

County data shows gaps among age, geography and race.

Example of what it can look like when you replace a grass lawn with native plants. Photo by Henry Stewart-Wood/Sound Publishing
Tired of mowing the lawn? Consider using native plants

Replacing your lawn with Northwest vegetation can be beneficial to homeowners and wildlife alike.

Stock photo
Seattle-area pair indicted for defrauding COVID-19 benefit programs

Amount exceeds $1 million; including $500,000 from state Employment Security Department

Sen. Steve Hobbs. File photo
Sen. Steve Hobbs named secretary of state

Gov. Jay Inslee appointed the Snohomish County Democrat to succeed departing Republican Kim Wyman.

Stock photo
Children ages 5 to 11 eligible for Pfizer-BioNTech COVID-19 vaccine

State DOH officials say pediatric vaccine will help protect children, slow disease spread

Most Read