queen anne/magnolia TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 4.9 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 13% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 69% VS 2023
▲ 11% VS 2023
▼ 30% VS 2023
▼ 4% VS 2023
There were 49 townhome listings in Queen Anne/Magnolia in July, no change to June and 69% higher than July 2023. July townhome sales decreased by 9% month-over-month, to 10, and were 11% above July 2023. The months of inventory for townhomes in Queen Anne/Magnolia, at 4.9, reflected a balanced market. The townhome median price in July was $886,500, a 7% increase from June and 4% below July 2023. The average sold price was $929,183, 2% above last month; the average PSF sale price was $614, down 0.0% 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
10 49
$709 $1,332,121 $925,000 3.2 9 29
-13% -30% -4% 52% 11% 69%
11 49
0% 2% 7% 10% -9% 0%
$614 $929,183 $886,500 4.9
$614 $908,818 $825,000 4.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
49
49
37
35
38
35
31
31
28
29
25
29 19
23
28 16
19
15
11 21
21
19
14
10
9
11
9
7
$1.13M
$1.02M
$985K
$976K
$925K
$935K
$895K
$887K
$875K
$875K
$821K
$825K
$780K
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.
14
9.0
2
4+ bdrms
12
6
10
2
5.0
8
3 bdrms
4.7
18
4.0
6
3.3
3.0
5
4
2 bdrms
19
2
0
1
<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
6
1 9 9.0
3 10 3.3
3 14 4.7
1 5 5.0
1 3 3.0
1 4 4.0
0 4 n/a
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. 40 ●
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