seattle
NEW CONSTRUCT ION CONDO JUNE
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
30 % DOWN
15 % DOWN
13 % DOWN
10 % UP
175 % UP
2.9 SELLER’S
There were 96 new construction condo homes for sale in Seattle in June, 7% above May but 13% lower vs June 2020. June’s new construction condo closed sales were 22% higher month-over-month (at 33) and were up 175% year-over-year. There was 2.9 months of inventory in June, reflect- ing seller’s market conditions. The new construction condo median sold price in June was $576,167, 6% below May but 10% higher vs June 2020. The average sold price was $726,083, 1.8% below last month; the average PSF sales price was $649, down 13% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 110
% Change
HOMES FOR SALE
96 33
90 27
7%
-13% 175% -68%
CLOSED SALES
22% -13%
12
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
2.9
3.3
9.2
$576,167 $610,000 $726,083 $739,223
-6% $522,495
10%
-1.8% $1,035,915 -30%
AVERAGE PRICE PSF
$649
$746
-13%
$767
-15%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$943,965
$680,000
$670,000 $700,000
$576,167
$621,204
$527,500
$522,495
122
110
106
96
91
89
72
33
23
23
20
12
12
6
SEATTLE
KING COUNTY
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
SELLER'S MARKET
BALANCED
8
BUYER'S MARKET
3+ bdrms
16
16
2 bdrms
35
9
. . . . 0 0 0 0 QD QD
<2 bdrms
45
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2021 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 July 14, 2021. All data from Northwest Multiple Listing Serivce & Rennie. 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. 7
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