Home prices soar again; some buyers camp out to lay claim to a future condo

The row of campers first started settling in Friday night in Belltown. By early Saturday morning, a line of about 130 people stretched around the block.

They weren’t waiting for the latest iPhone or the opening of some hot new restaurant; they came with $5,000 checks to reserve new condos that start at more than $300,000 and aren’t opening until 2019.

The frenzy over a high-rise residential building that hasn’t even broken ground yet is the latest sign of a Seattle housing market that continues to get even more brutal for homebuyers.

Going up

Median single-family home-price increases over the past year:

+41%

Sodo/Beacon Hill

+16.4%

King County

+14.5%

Seattle area

New home-sale numbers released Monday show that for the fourth straight month, King County has set a record for prices, with the

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