Friday, July 6, 2007

Alki Beach Seattle Washington Real Estate


Alki Beach Seattle Real Estate

Alki Beach Real Estate is a beautiful, highly desired area of Seattle Washington. Along Alki Beach are newly built condos that offer beautiful views of Elliott Bay, the city of Seattle, and the Olympic Mountains.

To get to Alki Beach from Seattle you must cross over the West Seattle Bridge. As you make your way along Harbor Avenue you get to see one of the most spectacular views of the city of Seattle looking east. This view of the city of Seattle is what you will find on the majority of postcards. You are able to see from south Seattle and the stadiums to Queen Anne and Magnolia and everything in between including the Space Needle.

On any given sunny day in Seattle and (and there are more than you think), you will find Alki Beach teaming with people. The only down side is that Alki Drive gets crowded. However, nobody seems to be in a hurry because the views of Elliott Bay and the city of Seattle are amazing. Also, while you cruise down Alki Drive you are able to see the beautiful condos that line the street and envision what the views must be like.

Alki Beach is one of the only areas in the city of Seattle you can actually call a beach. There is sand, waves, and there used to be a genuine boardwalk. During the summer months, Alki Beach is full of people playing volleyball, building sand castles, and sitting watching the waves roll in.

Alki Beach Real Estate

Alki Beach Seattle has 247 single-family homes. The average year these Alki Beach homes were built was 1938. The average home in Alki Beach is 1976 square feet in size with three bedrooms and two bathrooms. There are 137 single story homes in Alki Beach, 31 homes that are one and a half stories, 65 two-story homes, and 13 homes that are two and a half stories or taller.

There are 163 homes in Alki Beach that have basements. These basements in Alki Beach are an average of 902 square feet in size. There are only 32 homes in Alki Beach that have garages. The garages are an average of 383 square feet in size.

The average length of for a home in Alki Beach is 8.7 years. Of the 247 homes in Alki Beach, 89 have been owned for five years or less, 49 homes have been owned between five and ten years, and 74 homes in Alki Beach have been owned for ten years or more. The average property taxes for a home in Alki Beach are $4845.

There are 159 homes in Alki Beach that are owner occupied and 88 homes that are non-owner occupied.

So far in 2007, there have been 10 homes sold in Alki Beach. The average selling price for a home in Alki Beach is $672,286. The lowest price this year is $376,410. The highest selling price has been $985,500. The average cost per square is $366.

In 2006, there were 15 homes sold in Alki Beach. The average selling price for these Alki Beach homes was $718,309. The lowest price was $230,000. The highest selling price was $1,500,000. The average cost per square feet was $377.

For 2005, there were 19 homes sold in Alki Beach. This was a turnover rate of 8%. The average selling price was $565,772. The lowest selling price was $300,000. The highest selling price was $970,000. The average price per square foot was $325.

During the past 12 months, there have only been two homes sold in Alki Beach. The average selling price was $378,205. This was an average of 155% of the assessed value. During the same 12 month period, there have been 17 homes sold for an average of $651,006 in Alki Beach. These selling prices were an average of 147% of the assessed value.

Alki Beach Condos

There are 457 condos in Alki Beach. The average year these condos were built was 1982. The average size of an Alki Beach condo is 1369 square feet with two beds and two bathrooms. All of these condos are in buildings that are two stories or taller.

The average length of ownership of an Alki Beach condo is 6.8 years. There are 188 condos in Alki Beach that have been owned for five years or less. Of the remaining condos in Alki Beach, 140 have been owned for between five and ten years, and 103 have been owned for ten years or more.

There are 302 condos in Alki Beach that are owner occupied. The remaining 155 Alki Beach condos are non-owner occupied.

So far in 2007, there have been ten condos sold in Alki Beach. The average selling price so far is $606,325. The lowest selling price was $315,000. The highest selling price for an Alki Beach condo is $1,321,850. The average cost per square foot is $467.

In 2006, there were 31 condos sold in Alki Beach. The average selling price for these condos was $613,555. The lowest selling price was $252,000. The highest selling price was $1,475,000. The average cost per square foot was $425.

For 2005, there were 32 condos sold in Alki Beach. This was a turnover rate of only 7%. The average selling price for these condos was $565,368. The lowest selling price was $204,000. The highest selling price was $1,190,000. The average cost per square foot was $424.

During the past 12 months, there have been five Alki Beach condos sold. The average selling price for these condos was $309,667. These selling prices are an average of 150% above the assessed value. During the same 12-month period, there were 14 condos sold for an average of $463,800. These selling prices were an average of 135% of the assessed value.

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