seatle NEW CONSTRUCTION CONDO -OCTOBER202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 36% VS 2021
MONTHS OF INVENTORY 5.1 BALANCED MARKET
▶ MARKETSUMMARY Therewere128 new construction condo hom esforsalein Seatlein O ctober,16% higherthan Septem berand 36% higherthan October2021. O ctober'snew construction condo closed sales were19% lowerm onth-over-m onth (at25), and weredown 19% year-over-year. Therewere5.1m onthsofinventoryin O ctober,reflecting balanced m arket conditions. Thenew construction condom edian sold price in Octoberwas$789,000,12% above Septem ber,and 0.6% abovevsO ctober2021. Theaveragesold pricewas$885,773,10% abovelastm onth,theaveragePSF salesprice was$756,up 0.3% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 0.6% VS 2021
▼ 4% VS 2021
▼ 19% VS 2021
▼ 18% VS 2021
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No. $756 $885,773 $789,000 5.1 25 128
No. % Change
31 94 -18% -4% 0.6% 69% -19% 36% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$754 $807,375 $705,000 3.5 31 110
0.3% 10% 12% 44% -19% 16%
$923 $922,221 $784,000 3.0
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$784,000
$923
$819,990 $857,500
$756
$712,475 $789,000
$722,000
$690,000
$513 $536
128
101
110
94
94
92 96 90
89 95
78 74 81
31
52
18
31
12
39
25
34 40
36 35 28
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
12.0
9
40
3+ bdrms
32
30
8
2 bdrms
6.0
6.0
20
57
5.0 5.4
4.7
10
8
2.0
1.5
<2 bdrms
39
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
2 1 2.0
24 4 6.0
40 8 5.0
27 5 5.4
14 3 4.7
3 2 1.5
6 1 6.0
12 1 12.0
M onthsofInv. Closed Sales H om esforSale
Copyright© 202 renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofNovem ber9,202 .Aldatafrom NorthwestMultipleListingService & Rennie.W hiletheinform ationand datacontained hereinhasbe 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,suchopinionsshould and canbeobtained from arennieand as ociatesadvisor.Alinform ation issubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
●
7
Made with FlippingBook - professional solution for displaying marketing and sales documents online