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Parking Spots Selling For $20-$50k

By August 25, 2015

How much is a parking spot worth to you?

King5 recently took a look at the issue, Seattle homebuyers weighing value of parking spots:

“In Seattle … there were 6 or 7 sells of deeded parking spaces in the last 12 months and they’ve sold anywhere from $20,000 to $50,000 depending on the location.”

Krigsman said higher-end condominiums downtown in the urban core can fetch $50,000 for a parking spot. In Queen Anne or Capitol Hill, that can be in the $30,000 range. In addition, the numbers range depending on if the spot is in a garage, is covered or is unsecured.

I don’t know about you but I struggle with paying more for my parking spot than my car.