seatle NEW CONSTRUCTION CONDO -DECEMBER202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 24% VS 2021
MONTHS OF INVENTORY 3.6 SELLERS' MARKET
▶ MARKETSUMMARY Therewere98 new construction condohom es forsalein Seatlein D ecem ber,14% lower than N ovem berand 24% higherthan D ecem ber2021. D ecem ber'snew construction condo closed saleswere145% higherm onth-over-m onth (at 27),and weredown 23% year-over-year. Therewere3.6m onthsofinventoryin D ecem ber,reflecting selers'm arket conditions. Thenew construction condom edian sold price in D ecem berwas$660,000,3% below N ovem ber,and 4.3% below vsD ecem ber 2021. Theaveragesold pricewas$719,198,13% below lastm onth,theaveragePSF salesprice was$632,down 18% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 4% VS 2021
▼ 6% VS 2021
▼ 23% VS 2021
▼ 24% VS 2021
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No.
No. % Change
35 79 -24% -6% -4% 61% -23% 24% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
27 98
$769 $826,308 $679,000 10.4 11 114
-18% -13% -3% -65% 145% -14%
$632 $719,198 $660,000 3.6
$827 $767,751 $690,000 2.3
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$827
$789,000
$632
$819,990 $857,500
$712,475
$516 $510
$722,000
$690,000
$660,000
124
114
100
103
92 95 88
88 95
98
79 74 81
31
25
52
18
27
12
39
11
35 28
34 40
28
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
6.0
7
3+ bdrms
30
23
4.2
20
16
2 bdrms
3.0
44
2.2
2.0
10
4
<2 bdrms
31
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
20 9 2.2
33 11 3.0
21 5 4.2
6 1 6.0
2 1 2.0
M onthsofInv. Closed Sales H om esforSale
2 0
3 0
11 0
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