Seattle rennie review - February 2022

seattle

NEW CONSTRUCT ION CONDO - JANUARY 2022

AVERAGE PRICE

AVERAGE PSF PRICE

MEDIAN PRICE

HOMES FOR SALE

CLOSED SALES

MONTHS OF INVENTORY

MARKET SUMMARY ›

35 % UP

35 % DOWN

20 % DOWN

11 % DOWN

37 % DOWN

2.4 SELLER’S

There were 64 new construction condo homes for sale in Seattle in January, 4% below December, and 37% lower than January 2021. January’s new construction condo closed sales were 21% lower month-over-month (at 27), and were up 35% year-over-year. There was 2.4 months of inventory in January, reflecting sellers’ market conditions. The new construction condo median sold price in January was $685,000, 1.5% above December, and 11% below vs January 2021. The average sold price was $728,394, 5% below last month; the average PSF sales price was $770, down 6% from last month.

VS 2021

VS 2021

VS 2021

VS 2021

VS 2021

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AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND ›

CLOSED SALES

HOMES FOR SALE

MEDIAN PRICE



























 













HOMES FOR SALE & CLOSED SALES BY PRICE RANGE

NUMBER OF BEDROOMS

CLOSED SALES

HOMES FOR SALE

MONTHS OF INVENTORY

CLOSED SALES HOMES FOR SALE



  







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Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 10, 2022. All data from Northwest Multiple Listing Serivce & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 7

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