eastside south TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 1.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 90% VS 2023
▲ 54% VS 2023
▼ 3% VS 2023
▼ 6% VS 2023
There were 19 townhome listings in Eastside South in July, 5% below June and 90% higher than July 2023. July townhome sales increased by 100% month-over-month, to 20, and were 54% above July 2023. The months of inventory for townhomes in Eastside South, at 1.0, reflected a sellers' market. The townhome median price in July was $840,000, a 17% increase from June and 6% below July 2023. The average sold price was $853,575, 4% above last month; the average PSF sale price was $538, down 6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20 19
13 10
2% -3% -6% 23% 54% 90%
10 20
-6% 4% 17% -53% 100% -5%
$538 $853,575 $840,000 1.0
$525 $877,077 $890,000 0.8
$571 $817,601 $720,000 2.0
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
22
38
20
20
36
18
35
19
17
16
14
13
12
12
13
13
10
12
10
11
8
10
8
8
8
4 7
4
3
$906K
$890K
$873K
$855K
$840K
$823K
$749K
$714K
$720K
$666K
$635K
$605K
$579K
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.
7
3.5
4+ bdrms
6
3
5
9
4
3 bdrms
10
1.0
3
0.8
0.5
11
2
2 bdrms
0.2
6
1
0
<2 bdrms
<$300K $300K-399K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES
0 1 n/a
1 0 n/a
0 2 n/a
4 3 0.8
2 2 1.0
5 1 0.2
6 3 0.5
2 7 3.5
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. 26 ●
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