SeattlePI.com reports:

Seattle-area home prices rose 1.2 percent in October from October 2006, making it third out of 25 cities for appreciation, according to a new report.

Seattle homes cost $221.56 a square foot – seventh highest on the list from Radar Logic, a New York research and analysis company. Prices ranged from $90.60 cents a square foot in the St. Louis area to $456.27 in San Jose.

Seattle had the fourth highest condo appreciation, with prices up 6.9 percent from a year earlier and a price per square foot of $257.79.

Charlotte topped Radar Logic's home appreciation list, with a year-to-year change of 4.6 percent, followed by New York, which was up 2.7 percent.

Radar Logic considered Milwaukee, San Francisco and Philadelphia neutral, because their prices were up or down by less than 1 percent. Prices in the remaining 19 markets dropped by at least 1.2 percent, with the biggest decline, 18.2 percent, in Sacramento.

The biggest increase in condo prices was 22.8 percent, in the New York area. Radar Logic attributed this to Manhattan sales making up a larger percentage of the area's overall sales.