seatle NEW CONSTRUCTION CONDO -AUGUST202
AVERAGEPSF PRICE
HOMES FOR SALE ▼ 21% VS 2021
MONTHS OF INVENTORY 5.3 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Therewere100 new construction condo hom esforsalein Seatlein August,4% higher than Julyand 21% lowerthan August2021. A ugust'snew construction condoclosed sales were58% higherm onth-over-m onth (at19), and weredown 37% year-over-year. Therewere5.3m onthsofinventoryin A ugust,reflecting balanced m arketconditions. Thenew construction condom edian sold price in Augustwas$725,000,8% below July,and 1.8% below vsAugust2021. Theaveragesold pricewas$840,378,3% below lastm onth,theaveragePSF salesprice was$842,up 8% from lastm onth
▼ 1.8% VS 2021
▲ 6% VS 2021
▼ 37% VS 2021
▼ 12% VS 2021
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No. $842 $840,378 $725,000 5.3 19 100
No. % Change
-37% -21% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
12 96
8% -3% -8% -34% 58% 4%
$960 $796,498 $738,625 4.2 30 127
$778 $863,909 $787,500 8.0
-12% 6% -1.8% 24%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$960
$784,000
$842
$819,990 $857,500
$725,000
$738,625
$722,000
$690,000
$527 $536
127
105
99 93
98 93
93
100
84 93
77 75
96
56
52
12
39
19
34 40
31
36 35 28
30
28
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
40
11.0
2
3+ bdrms
24
30
7.5
10
20
2 bdrms
5.3
5.0
48
3.7
10
7
<2 bdrms
1.0
28
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
1 1 1.0
10 2 5.0
37 10 3.7
16 3 5.3
15 2 7.5
11 1 11.0
M onthsofInv. Closed Sales H om esforSale
6 0
4 0
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