ballard/greenlake CONDO - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 3.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.0% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 11% VS 2023
▲ 19% VS 2023
▲ 126% VS 2023
▲ 30% VS 2023
There were 77 condo listings in Ballard/Greenlake in October, 4% below September and 126% higher than October 2023. October condo sales increased by 53% month-over-month, to 26, and were 30% above October 2023. The months of inventory for condos in Ballard/Greenlake, at 3.0, reflected a sellers' market. The condo median price in October was $479,000, a 14% increase from September and 19% above October 2023. The average sold price was $483,683, 9% above last month; the average PSF sale price was $560, up 3% 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
26 77
20 34
0% 11% 19% 74% 30% 126%
17 80
3% 9% 14% -37% 53% -4%
$560 $483,683 $479,000 3.0
$560 $435,450 $403,500 1.7
$542 $444,676 $420,000 4.7
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
52
77
71
80
60
51
61
42
39
40
21 33
32
42 25
34
27
24
24
21
26
20
27
20
20
17
17
7
14
$479K
$465K
$470K
$456K
$458K
$450K
$450K
$450K
$440K
$440K
$430K
$420K
$404K
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.
70
3.1
60
4+ bdrms
2.3
50
1 1
40
3 bdrms
1.0
30
10
20
2 bdrms
34
10
0
15
<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
42
21 66 3.1
4 9 2.3
1 1 1.0
0 1 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. 9 ●
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