Condo prices in King County tumbled again in March, recording the biggest year-over-year drop since the market peaked in mid 2007. Median condo sale prices slid 13.1 percent. Additionally, the number of closed condo sales dropped 44.9 percent year-over-year.
Southeast King County was the exception to the rule in all of this as the median condo prices increased 5.7 percent between March 2008 and March 2009. But this was not enough to keep the entire county above water as the median condo prices dropped in every other part of the county, usually by double digits.
King County has well over 250 cities within its boundaries with some of Washington’s most well known communities including Kirkland, Bellevue and Seattle.
