burien/normandy park TOWNHOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 4.4 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 37% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 21% VS 2023
▲ 16% VS 2023
▲ 91% VS 2023
▲ 25% VS 2023
There were 44 townhome listings in Burien/Normandy Park in August, 4% below July and 91% higher than August 2023. August townhome sales decreased by 33% month-over-month, to 10, and were 25% above August 2023. The months of inventory for townhomes in Burien/Normandy Park, at 4.4, re)ected a balanced market. The townhome median price in August was $435,000, a 18% decrease from July and 16% above August 2023. The average sold price was $468,195, 4% below last month; the average PSF sale price was $378, up 1.8% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change 37% 21% 16% 53% 25% 91%
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10 44
$276 $387,919 $374,975 2.9 8 23
15 46
1.8% -4% -18% 43% -33% -4%
$378 $468,195 $435,000 4.4
$372 $489,926 $530,000 3.1
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
76
44
46
39
39
63
33
24
53
21
23
19
22
15
15
13
11
10
9
8
8 8
10
8
8
5
6
4
$573K
$535K
$530K
$515K
$480K
$465K
$437K
$435K
$412K
$375K
$370K
$318K
Aug-23
Jul-24
Aug-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
20.0
4+ bdrms
13
15
6
3 bdrms
22
10
4
2 bdrms
5
8
3.3
1.3
1.0
0
<2 bdrms
<$300K $300K-399K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES 1 20 20.0 0 4 n/a 0 3 n/a 2 2 1.0 4 5 1.3 3 10 3.3
1
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 September 9, 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. 17 ●
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