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PREVIOUSLY-OW NEDCONDO -AUGUST2023
AVERAGEPSF PRICE
HOMES FOR SALE
MONTHS OF INVENTORY 1.3 SELLERS' MARKET
▶ MARKETSUMMARY Therewere67previouslyowned condohom esfor salein Seatlein August,20% higherthan July and 26% lowerthan August2022. August'spreviouslyowned condoclosed sales were85% higherm onth-over-m onth (to50),and w erethesam eyear-over-year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 35% VS 2022
0% VS 2022
▼ 26% VS 2022
0% VS 2022
▲ 12% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
Therewere1.3m onthsofinventoryin August, reflecting selers'm arketconditions.
No. % Change
50 91 12% 35% 0% -26% 0% -26% No. % Change
50 67
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
27 56
14% 34% -2% -35% 85% 20%
Thepreviouslyowned condom edian sold pricein Augustwas$674,950,2% below July,and the sam easAugust2022. Theaveragesold pricewas$1,077,578,34% abovelastm onth,theaveragePSF salespricewas $705,up 14% from lastm onth.
$705 $1,077,578 $674,950 1.3
$620 $806,274 $690,000 2.1
$630 $796,797 $675,000 1.8
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$705
$630
$571
$750,000
$536
$675,000
$670,000 $674,950
$550,000 $565,000
$485,000
98
91
88
68
56
67 50
54
53
55
49 44 44
56 27
50 44
46 43
38 38
30
27 23 18 29
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
15
4.7
8
4.3
3+ bdrms
15
10
32
2.5
2 bdrms
35
5
1.5
1.1
0.8
10
0.6
0.6
<2 bdrms
0
17
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
5 8 0.6
12 11 1.1
8 14 0.6
14 3 4.7
6 4 1.5
13 3 4.3
5 2 2.5
4 5 0.8
M onthsofInv. Closed Sales H om esforSale
Copyright© 2023renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofSeptem ber20,2023.Aldatafrom NorthwestMultipleListing Service& Rennie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontained withinthisreportshould notbeused asanopinionofvalue,suchopinionsshould and canbeobtained from arennieand as ociatesadvisor.Al inform ationissubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
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