Seattle rennie review - October 2021

seattle

NEW CONSTRUCT ION CONDO - SEPTEMBER 2021

AVERAGE PRICE

AVERAGE PSF PRICE

MEDIAN PRICE

HOMES FOR SALE

CLOSED SALES

MONTHS OF INVENTORY

MARKET SUMMARY ›

45 % UP

8 % DOWN

1.1 % DOWN

31 % DOWN

181 % UP

1.8 SELLER’S

There were 82 new construction condo homes for sale in Seattle in September, 25% below August, and 31% lower than August 2020. September’s new construction condo closed sales were 50% higher month-over-month (at 45), and were up 181% year-over-year. There was 1.8 months of inventory in September, reflecting sellers’ market conditions. The new construction condo median sold price in September was $714,000, 3% below August, and 8% lower vs September 2020. The average sold price was $878,764, 10% above last month; the average PSF sales price was $993, up 3% from last month.

VS 2020

VS 2020

VS 2020

VS 2020

VS 2020

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AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND ›

CLOSED SALES

HOMES FOR SALE

MEDIAN PRICE













































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





BUYER'S MARKET



3

3+ bdrms



14















12



2 bdrms

35









. . . . 0 0 0 0        QD                

30

MONTHS OF INV. CLOSED SALES HOMES FOR SALE

<2 bdrms

33

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 October 05, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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