Parking Spots Selling For $20-$50k
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.