seattle
NEW CONSTRUCT ION CONDO - MAY 2021
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
5 % DOWN
14 % DOWN
8 % UP
12 % UP
85 % UP
3.9 SELLER’S
There were 94 new construction condo homes for sale in Seattle in May, 4% below April and 14% lower vs May 2020. May’s new construction condo closed sales were 4% higher month-over-month (at 24) and were up 85% year-over-year. There was 3.9 months of inventory in May, reflect- ing seller’s market conditions. The new construction condo median sold price in May was $615,000, 12% below April but 12% higher vs May 2020. The average sold price was $754,254, 4% below last month; the average PSF sales price was $735, down 6% from last month.
VS 2020
VS 2020
VS 2020
VS 2020
VS 2020
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 109
% Change
HOMES FOR SALE
94 24
98 23
-4%
-14% 85% -53% 12%
CLOSED SALES
4%
13
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
3.9
4.3
-8%
8.4
$615,000 $700,000 $754,254 $789,656
-12% $549,990 -4% $701,249
8%
$735
$779
-6%
$776
-5%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$943,965
$775,000
$770,872
$635,496 $615,000
$599,990
$549,990
124
113
109
100
94
90
86
25
24
20
18
16
13
12
SEATTLE
KING COUNTY
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
SELLER'S MARKET
BALANCED
11
BUYER'S MARKET
3+ bdrms
17
3
2 bdrms
32
10
. . . . 0 0 0 0 QD QD
<2 bdrms
45
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2021 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 June 14, 2021. All data from Northwest Multiple Listing Serivce & 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. 7
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