ballard/greenlake CONDO - MARCH 2 0 2 4
MONTHS OF INVENTORY 1.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 11% VS 2023
▲ 6% VS 2023
▲ 60% VS 2023
▲ 26% VS 2023
There were 40 condo listings in Ballard/Greenlake in March, 29% above February and 60% higher than March 2023. March condo sales increased by 14% month-over-month, to 24, and were 26% above March 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Ballard/Greenlake, at 1.7, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24 40
19 25
5% 11% 6% 27% 26% 60%
21 31
13% 14% 29%
The condo median price in March was $465,000, a 6% increase from February and 6% above March 2023. The average sold price was $508,183, 5% above last month; the average PSF sale price was $622, up 9% to last month.
$622 $508,183 $465,000 1.7
$594 $456,653 $440,000 1.32
$569 $483,560 $440,000 1.5
9% 5% 6%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
47
41
40
40
39
34
40
34
33
28
27
26
32
26
31
29
25
21
21
24
20
24
17
19
20
17
14
14
7
$495K
$495K
$480K
$465K
$458K
$456K
$450K
$449K
$440K
$438K
$440K
$440K
$404K
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.
35
4.0
4+ bdrms
30
25
20
3 bdrms
1.8
1
15
10
10
0.5
2 bdrms
18
5
0
14
<$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 0 n/a 20 35 1.8 1 4 4.0 2 1 0.5
<2 bdrms
21
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. 9 ●
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