kingcounty CONDO -AUGUST2023
AVERAGEPSF PRICE
HOMES FOR SALE ▼ 6% VS 2022
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKETSUMMARY Therewere956 new construction condo hom esforsalein KingCountyin August,0.8% higherthan Julyand 6% lowerthan August 2022. A ugust'snew construction condoclosed sales were1.9% higherm onth-over-m onth (at487), and weredown 14% year-over-year. Therewere2.0m onthsofinventoryin A ugust,reflecting selers'm arketconditions. Thenew construction condom edian sold price in Augustwas$524,000,3% aboveJuly,and 8% abovevsAugust2022. Theaveragesold pricewas$686,657,8% abovelastm onth,theaveragePSF salesprice was$571,up 4% from lastm onth.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 8% VS 2022
▲ 16% VS 2022
▼ 14% VS 2022
- VS 2022
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No.
No. % Change
8% 9% -14% -6% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
487 956
478 948
4% 8% 3% -1.0% 1.9% 0.8%
$536 $591,214 $485,000 1.8 567 1,022
$571 $686,657 $524,000 2.0
$551 $636,262 $511,000 2.0
7% 16%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$500,000 $526,000 $524,000
$633 $653
$485,000 $487,475 $469,500
$475,000
$571
$536
1,022 1,076 1,075
956
948
913
883
797
739
711
660
567
619 591
557
531
501
478 487
450
431
421
347 322
359
223
KING COUNTY SEAT LE
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
4.0
101
250
3+ bdrms
3.6
189
200
2.9
2.7
2.7
252
150
2 bdrms
2.0
464
1.7
100
1.4
0 50
134
<2 bdrms
303
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
194 135 1.4
263 155 1.7
186 93 2.0
112 42 2.7
56 14 4.0
48 18 2.7
47 13 3.6
50 17 2.9
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.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online