university district CONDO - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 17.0 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE - VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▼ 19% VS 2023
- VS 2023
There were 17 condo listings in University District in December, 23% below November and 19% lower than December 2023. December condo sales decreased by 67% month-over-month, to 1, and were above December 2023. The months of inventory for condos in University District, at 17.0, re$ected a buyers' market. The condo median price in December was $365,000, a 27% decrease from November and no change to December 2023. The average sold price was $365,000, 25% below last month; the average PSF sale price was $488, down 21% to last month.
VS 2023
VS 2023
PREVIOUS YEAR
No.
No. - $0 $0 0.0 0 21
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$488 $365,000 $365,000 17.0 1 17
% % % % % -19%
$615 $489,333 $500,000 7.3 3 22
-21% -25% -27% 132% -67% -23%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
59
96
53
53
44
37
33
40
28
32
22
26
21
17
8
8
5
5
4
3
3
3
1
1
2
1
$535K
$525K
$500K
$477K
$475K
$472K
$470K
$460K
$448K
$430K
$375K
$365K
10
Dec-23
Nov-24
Dec-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
4+ bdrms
15
10
3 bdrms
3
5
1
2 bdrms
14
0
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 1 0 n/a 0 17 n/a
<2 bdrms
Copyright © 2025 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 January 13, 2025. All data from Association of Interior Realtors & 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. 44 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online