Zillow released its market reports for the fourth quarter of 2009 today, and the news continues to be grim for Seattle, which got caught in the housing downturn a little later in the game than much of the rest of the nation.
But homes in Maple Leaf continue to be valued higher than those in the Seattle metro area as a whole, although the year-over-year decrease is just a smidge worse.
According to the company’s home value index, home prices in the Seattle area ended the year at $300,400, compared with $369,200 for Maple Leaf. For the entire metropolitan area, prices in the fourth quarter were down 5.8% from the same time a year ago, ending 2009 with a 0.5% decrease from November to December. In Maple Leaf, prices are down 6% from a year ago, but the monthly loss is 0.4%.
Meanwhile, the nation as a whole didn’t fare quite so badly. Home prices nationwide fell 5% from the fourth quarter of 2008 to the fourth quarter of 2009, and the monthly decrease was 0.21% from November to December.
Are you worried about the drop in home prices in Maple Leaf and throughout the city, or are you confident prices will soon regain their value?
