sodo/beacon hill TOWNHOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 5.2 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 13% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 11% VS 2023
▲ 11% VS 2023
▲ 35% VS 2023
0.0% VS 2023
There were 31 townhome listings in SODO/Beacon Hill in August, 16% below July and 35% higher than August 2023. August townhome sales decreased by 33% month-over-month, to 6, and were the same in August 2023. The months of inventory for townhomes in SODO/Beacon Hill, at 5.2, re+ected a balanced market. The townhome median price in August was $709,500, a 10% increase from July and 11% above August 2023. The average sold price was $703,000, 7% above last month; the average PSF sale price was $458, down 10% 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
$458 $703,000 $709,500 5.2 6 31
$528 $633,308 $639,950 3.8 6 23
-13% 11% 11% 35% 0% 35%
$511 $658,216 $645,000 4.1 9 37
-10% 7% 10% 26% -33% -16%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
37
54
31
31
26
24
22
23
23
22
20
20
15
34
13
12
16
11
32
10
9
12
10
6
6
8
2
6
3
$709K
$700K
$690K
$665K
$655K
$660K
$655K
$650K
$648K
$645K
$640K
$635K
$600K
▶ 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
6.0
4+ bdrms
3
15
3.8
5
3 bdrms
10
16
1
5
2 bdrms
12
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 0 6 n/a 1 6 6.0 5 19 3.8
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. 47 ●
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