capitol hill/central seattle CONDO - JULY 2 0 2 4
MONTHS OF INVENTORY 5.2 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 12% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 19% VS 2023
▲ 4% VS 2023
▲ 78% VS 2023
▼ 3% VS 2023
There were 160 condo listings in Capitol Hill/Central Seattle in July, 5% above June and 78% higher than July 2023. July condo sales decreased by 26% month-over-month, to 31, and were 3% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Capitol Hill/Central Seattle, at 5.2, reflected a balanced market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$721 $653,618 $475,000 5.2 31 160
32 90
12% 19% 4% 84% -3% 78%
$682 $570,456 $485,000 3.6 42 153
6% 15% -2% 42% -26% 5%
The condo median price in July was $475,000, a 2% decrease from June and 4% above July 2023. The average sold price was $653,618, 15% above last month; the average PSF sale price was $721, up 6% to last month.
$643 $551,122 $457,000 2.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
53
160
149
50
153
49
127
121
109
120
92
108
101
90
95
73
43
42
41
37
33
30
30
32
31
24
22
20
19
$535K
$525K
$528K
$500K
$480K
$485K
$475K
$477K
$475K
$457K
$458K
$450K
$430K
Jul-23
Jun-24
Jul-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
120
6.7
4+ bdrms
100
2
5.0
80
1
3 bdrms
6
60
2.7
40
8
1.0
2 bdrms
60
20
0
22
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 23 115 5.0 3 20 6.7 3 8 2.7 0 6 n/a 0 4 n/a 0 4 n/a 0 1 n/a 2 2 1.0
92
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 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 August 6, 2024. 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. 21 ●
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