Did prices drop less in Greenlake than the Seattle average?

seabuyer

I've been looking at houses for quite some time now and whenever an interesting listing appears in Greenlake it never seems to be close to the 30% off peak average in Seattle.

Is Greenlake "special"? Are homes losing less value in that neighborhood?

ira s

Absolutely, prices in Greenlake have dropped less than the county average since the 2007 peak. There are a few Seattle neighborhoods that have held their own better than others. They include Greenlake, Phinney, Ravenna, Wallingford, Queen Anne. They've all dropped, but nowhere near the 30%+ that other areas have.