queen anne/magnolia TOWNHOME - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 2.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 57% VS 2023
▲ 13% VS 2023
▼ 18% VS 2023
▼ 14% VS 2023
There were 44 townhome listings in Queen Anne/Magnolia in October, 25% below September and 57% higher than October 2023. October townhome sales increased by 6% month-over-month, to 18, and were 13% above October 2023. The months of inventory for townhomes in Queen Anne/Magnolia, at 2.4, reflected a sellers' market. The townhome median price in October was $835,000, a 11% decrease from September and 14% below October 2023. The average sold price was $932,742, 13% below last month; the average PSF sale price was $620, down 2% 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
18 44
16 28
-2% -18% -14% 40% 13% 57%
17 59
-2% -13% -11% -30% 6% -25%
$620 $932,742 $835,000 2.4
$635 $1,141,559 $975,500 1.8
$635 $1,066,400 $939,000 3.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
59
47
51
50
40
45
38
44
35
39
31
28
25
28
23
19
17
16
18
21
21
19
14
11
11
11
10
9
7
$1.13M
$1.02M
$985K
$976K
$939K
$895K
$887K
$875K
$835K
$821K
$825K
$780K
$775K
Oct-23
Sep-24
Oct-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.
12
3.0
3
4+ bdrms
7
10
2.4
2.3
2.0
8
5
1.5
3 bdrms
20
6
4
10
2 bdrms
16
2
0
<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
1
2 4 2.0
6 9 1.5
5 12 2.4
0 3 n/a
3 7 2.3
2 6 3.0
0 3 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 November 12, 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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online