capitol hill/central seattle CONDO - APRIL 2 0 2 4
MONTHS OF INVENTORY 2.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 18% VS 2023
▲ 69% VS 2023
▲ 41% VS 2023
▼ 3% VS 2023
There were 120 condo listings in Capitol Hill/Central Seattle in April, 19% above March and 69% higher than April 2023. April condo sales increased by 11% month-over-month, to 41, and were 41% above April 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
% Change
No.
No.
% Change
The months of inventory for condos in Capitol Hill/Central Seattle, at 2.9, re*ected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$687 $600,023 $450,000 2.9 41 120
29 71
9% 18% -3% 20% 41% 69%
$754 $587,569 $475,000 2.7 37 101
-9% 2% -5% 7% 11% 19%
The condo median price in April was $450,000, a 5% decrease from March and 3% below April 2023. The average sold price was $600,023, 2% above last month; the average PSF sale price was $687, down 9% to last month.
$628 $506,502 $465,000 2.45
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
119
41
120
110
40
40
96
102
101
83
81
86
85
83
71
50
63
41
37
33
41
30
30
32
29
24
22
20
19
$535K
$525K
$528K
$500K
$500K
$480K
$480K
$475K
$465K
$457K
$458K
$450K
$430K
Apr-23
Mar-24
Apr-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.
80
5.0
4+ bdrms
1
4.0
3.5
60
3.3
3 3
2.7
3 bdrms
2.0
40
14
2 bdrms
20
50
0
24
<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 1 2 2.0 0 1 n/a 1 4 4.0 30 80 2.7 6 20 3.3 2 7 3.5 1 5 5.0
66
Copyright © May 8, 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 May 8, 2024. All data from Northwest Multiple Listing Service & 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 or revised at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 2 1 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online