west seattle TOWNHOME - MARCH 2 0 2 4
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 14% VS 2023
▲ 17% VS 2023
▲ 39% VS 2023
▼ 30% VS 2023
There were 50 townhome listings in West Seattle in March, 25% above February and 39% higher than March 2023. March townhome sales increased by 37% month-over-month, to 37, and were 30% below March 2023. The months of inventory for townhomes in West Seattle, at 1.4, reflected a sellers' market. The townhome median price in March was $700,000, a 0.0% increase from February and 17% above March 2023. The average sold price was $726,396, 5% below last month; the average PSF sale price was $544, up 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
% Change
No.
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
37 50
53 36
5% 14% 17% 99% -30% 39%
27 40
2% -5% 0% -9% 37% 25%
$544 $726,396 $700,000 1.4
$519 $636,460 $599,999 0.68
$532 $763,678 $699,950 1.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
52
53
60
51
58
50
47
44
40
38
37
44
42
41
33
40
36
31
36
27
32
30
30
26
17
20
20
10
8
$762K
$735K
$728K
$720K
$700K
$700K
$685K
$674K
$649K
$637K
$640K
$600K
$577K
Mar-23
Feb-24
Mar-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.
20
2.3
1
4+ bdrms
3
15
1.4
17
1.0
3 bdrms
0.9
19
10
0.7
19
2 bdrms
5
26
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
2
12 11 0.9
14 20 1.4
6 14 2.3
2 2 1.0
3 2 0.7
0 1 n/a
Copyright © April 10, 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 April 10, 2024. All data from Northwest Multiple Listing Service & 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. 5 0 ●
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