sodo/beacon hill TOWNHOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.0% VS 2023
▼ 3% VS 2023
▼ 16% VS 2023
▼ 38% VS 2023
There were 16 townhome listings in SODO/Beacon Hill in April, 7% above March and 16% lower than April 2023. April townhome sales decreased by 17% month-over-month, to 10, and were 38% below April 2023. The months of inventory for townhomes in SODO/Beacon Hill, at 1.6, re+ected a sellers' market. The townhome median price in April was $600,000, a 8% decrease from March and 0.0% above April 2023. The average sold price was $590,385, 16% below last month; the average PSF sale price was $530, down 0.3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
% Change
No.
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10 16
16 19
4% -3% 0% 35% -38% -16%
12 15
-0.3% -16% -8% 28% -17% 7%
$530 $590,385 $600,000 1.6
$512 $610,919 $599,950 1.19
$531 $705,478 $655,000 1.3
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
22
58
21
23
20
54
19
19
17
16
18
15
16
17
17
13
14
15
12
11
10
10
34
9
8
6
6
6
3
$700K
$690K
$655K
$660K
$655K
$650K
$640K
$632K
$635K
$625K
$615K
$600K
$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.
14
2.2
12
4+ bdrms
1
10
2
8
3 bdrms
10
6
8
4
2 bdrms
5
2
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 4 0 n/a 6 13 2.2 0 3 n/a
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. 4 7 ●
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