kingcounty CONDO -AUGUST202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 17% VS 2021
MONTHS OF INVENTORY 1.8 SELLERS' MARKET
▶ MARKETSUMMARY Therewere1,011 new construction condo hom esforsalein KingCountyin August,8% lowerthan Julyand 17% higherthan August 2021. A ugust'snew construction condoclosed sales were3% higherm onth-over-m onth (at569), and weredown 32% year-over-year. Therewere1.8m onthsofinventoryin A ugust,reflecting selers'm arketconditions. Thenew construction condom edian sold price in Augustwas$485,000,aboutthesam eas July,and 4% abovevsAugust2021. Theaveragesold pricewas$591,710,1.9% abovelastm onth,theaveragePSF salesprice was$536,down 0.7% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 4% VS 2021
▲ 4% VS 2021
▼ 32% VS 2021
▲ 1.7% VS 2021
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No. $536 $591,710 $485,000 1.8 569 1,011
No. % Change
840 865 1.7% 4% 4% 73% -32% 17% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$540 $580,832 $485,000 2.0 553 1,102
-0.7% 1.9% 0% -11% 3% -8%
$527 $571,270 $467,500 1.0
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$633 $633
$520,000 $525,000 $505,000
$536
$527
$485,000
$467,500 $475,000 $460,000
1,102
986
841
1,011
865
714 752 671
725
724
691
601
836
840
557
553
731
569
671
405
539
517
462
347 306 368
KING COUNTY SEAT LE
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
7.1
100
300
3+ bdrms
196
4.5
200
299
2 bdrms
3.4
491
2.5 2.3
100
2.2
1.6
170
1.0
<2 bdrms
324
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
179 183 1.0
316 197 1.6
224 89 2.5
113 49 2.3
58 26 2.2
34 10 3.4
36 8 4.5
50 7 7.1
M onthsofInv. Closed Sales H om esforSale
Copyright© 202 renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofSeptem ber14,202 .Aldatafrom NorthwestMultipleListingService & Rennie.W hiletheinform ationand datacontainedhereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsasthe recipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontained withinthisreportshould notbeused asanopinionofvalue,suchopinionsshouldand canbeobtained from arennieandas ociatesadvisor.Alinform ation issubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
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