snohomish county CONDO - AUGUST 2 0 2 4
MONTHS OF INVENTORY 1.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 15% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 15% VS 2023
▲ 2% VS 2023
▲ 19% VS 2023
▼ 34% VS 2023
There were 74 condo listings in Snohomish County in August, no change to July and 19% higher than August 2023. August condo sales decreased by 32% month-over-month, to 40, and were 34% below August 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Snohomish County, at 1.9, re(ected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
40 74
61 62
15% 15% 2% 82% -34% 19%
59 74
2% -1.9% 2% 48% -32% 0%
The condo median price in August was $414,500, a 2% increase from July and 2% above August 2023. The average sold price was $506,598, 1.9% below last month; the average PSF sale price was $472, up 2% to last month.
$472 $506,598 $414,500 1.9
$409 $442,060 $405,000 1.0
$461 $516,620 $405,000 1.3
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
77
39
74
72
81
74
65
35
64
34
59
55
53
62
52
61
61
49
45
44
52
50
48
42
40
40
38
36
35
$462K
$418K
$415K
$410K
$405K
$405K
$402K
$400K
$400K
$390K
$390K
$387K
$385K
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.
70
3.0
60
4+ bdrms
2.1
50
7
40
3 bdrms
11
1.0
30
0.5
0.3
27
20
2 bdrms
54
10
0
6
<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 2 n/a 31 65 2.1 4 1 0.3 1 3 3.0 2 2 1.0 2 1 0.5
9
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. 55 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online