ballard/greenlake CONDO - AUGUST 2 0 2 4
MONTHS OF INVENTORY 4.2 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 12% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 78% VS 2023
▼ 21% VS 2023
▼ 10% VS 2023
▼ 37% VS 2023
There were 71 condo listings in Ballard/Greenlake in August, 16% above July and 78% higher than August 2023.
August condo sales decreased by 37% month-over-month, to 17, and were 37% below August 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Ballard/Greenlake, at 4.2, re(ected a balanced market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17 71
27 40
-12% -21% -10% 182% -37% 78%
27 61
-0.6% -10% -4% 85% -37% 16%
The condo median price in August was $430,000, a 4% decrease from July and 10% below August 2023. The average sold price was $428,529, 10% below last month; the average PSF sale price was $567, down 0.6% to last month.
$567 $428,529 $430,000 4.2
$645 $544,130 $480,000 1.5
$570 $476,148 $450,000 2.3
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
60
71
60
61
51
50
48
40
40
42 25
33
32
27
27
34
24
24
36
21
21
20
27
20
20
17
17
14
7
$495K
$480K
$470K
$465K
$456K
$458K
$450K
$450K
$450K
$440K
$440K
$430K
$404K
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.
60
5.5
4+ bdrms
50
3.9
40
1 1
3 bdrms
30
20
6
2 bdrms
28
10
0
10
<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 1 n/a 15 59 3.9 2 11 5.5
42
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. 9 ●
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