queen anne/magnolia CONDO - JULY 2 0 2 4
MONTHS OF INVENTORY 6.3 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 11% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 34% VS 2023
▲ 93% VS 2023
▼ 11% VS 2023
▼ 5% VS 2023
There were 114 condo listings in Queen Anne/Magnolia in July, 18% above June and 93% higher than July 2023.
July condo sales decreased by 36% month-over-month, to 18, and were 5% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Queen Anne/Magnolia, at 6.3, reflected a buyers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$662 $757,589 $455,250 6.3 18 114
19 59
-11% 104% -5% 93%
28 97
11% 40% 4% 83% -36% 18%
The condo median price in July was $455,250, a 4% increase from June and 11% below July 2023. The average sold price was $757,589, 40% above last month; the average PSF sale price was $662, up 11% to last month.
$596 $565,929 $512,000 3.1
$597 $542,375 $436,250 3.5
11% 34%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
57
114
91
50
97
64
63
73
41
59
62
55
53 26
30
20 44
28
41
27
23
37
19
26
18
10
9
19
18
$655K
$543K
$530K
$520K
$512K
$512K
$493K
$487K
$452K
$455K
$440K
$436K
$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.
80
6.1
4+ bdrms
70
5.0
5.0
1
60
50
2
3.0
3.0
3 bdrms
11
40
30
7
1.0
2 bdrms
20
40
10
0
9
<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
62
13 79 6.1
0 15 n/a
1 5 5.0
1 3 3.0
1 3 3.0
1 1 1.0
0 3 n/a
1 5 5.0
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. 41 ●
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