kingcounty CONDO -FEBRUARY2023
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 60% VS 2022
MONTHS OF INVENTORY 1.7 SELLERS' MARKET
▶ MARKETSUMMARY Therewere602 new construction condo hom esforsalein KingCountyin February,8% lowerthan Januaryand 60% higherthan February2022. February'snew construction condo closed saleswere63% higherm onth-over-m onth (at 363),and weredown 35% year-over-year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 8% VS 2022
▼ 9% VS 2022
▼ 35% VS 2022
▼ 9% VS 2022
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No.
No. % Change
557 377 145% -35% 60% No. % Change
Therewere1.7m onthsofinventoryin February,reflecting selers'm arketconditions.
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
363 602
223 656
6% 7% 7% -44% 63% -8%
Thenew construction condom edian sold price in Februarywas$479,900,7% aboveJanuary, and 8% below vsFebruary2022.
$525 $554,482 $479,900 1.7
$493 $518,367 $450,000 2.9
$579 $611,229 $520,000 0.7
-9% -9% -8%
Theaveragesold pricewas$554,482,7% abovelastm onth,theaveragePSF salesprice was$525,up 6% from lastm onth
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$639 $624
$579
$520,000 $525,000 $505,000
$485,000 $487,475 $469,500 $479,900
$525
1,083
1,070 1,013
1,076
973
927
714 753 671
724
682 656
602
557
554
567 531
675
450
347 322
363
553
477
223
377
KING COUNTY SEAT LE
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
38.0
65
3+ bdrms
128
150
191
100
2 bdrms
283
50
6.2 6.6
2.8 3.0
107
0.9 1.3 1.8
<2 bdrms
191
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
105 115 0.9
173 138 1.3
117 64 1.8
71 25 2.8
27 9 3.0
37 6 6.2
33 5 6.6
38 1 38.0
M onthsofInv. Closed Sales H om esforSale
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