seatle NEW CONSTRUCTION CONDO -FEBRUARY2023
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 17% VS 2022
MONTHS OF INVENTORY 3.0 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Therewere98 new construction condohom es forsalein Seatlein February,16% lowerthan Januaryand 17% higherthan February2022. February'snew construction condo closed saleswere313% higherm onth-over-m onth (at 33),and weredown 37% year-over-year.
▼ 3% VS 2022
▼ 7% VS 2022
▼ 37% VS 2022
▲ 3% VS 2022
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No.
Therewere3.0m onthsofinventoryin February,reflecting selers'm arketconditions.
No. % Change
52 84 3% -7% -3% 84% -37% 17% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
33 98
$658 $845,125 $713,500 14.5 8 116
7% -14% -1.9% -80% 313% -16%
Thenew construction condom edian sold price in Februarywas$699,950,1.9% below January,and 3% below vsFebruary2022. Theaveragesold pricewas$728,668,14% below lastm onth,theaveragePSF salesprice was$701,up 7% from lastm onth
$701 $728,668 $699,950 3.0
$683 $779,926 $722,000 1.6
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$701
$683
$579
$819,990 $857,500
$525
$712,475 $789,000
$722,000
$660,000 $699,950
123
116
113
106
101
102
98
98 90
94 100
84 95
52
39 34 40
33
28
31 25
27
12 18
11
8
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
30
7.0
8
3+ bdrms
25
24
20
5.0
13
4.0
15
2 bdrms
43
3.0
10
1.6 1.7
0 5
12
<2 bdrms
31
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
5 1 5.0
16 10 1.6
27 16 1.7
21 3 7.0
4 1 4.0
6 2 3.0
M onthsofInv. Closed Sales H om esforSale
7 0
12 0
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