seattle
NEW CONSTRUCT ION CONDO FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE 8 % UP
CLOSED SALES
MONTHS OF INVENTORY 5.1 BALANCED
MARKET SUMMARY ›
5 % DOWN
33 % DOWN
1.5 % UP
33 % UP
There were 92 new construction condo homes for sale in Seattle in February, 7% above January and 8% higher vs February 2020. February’s new construction condo closed sales decreased by 10% month-over-month (to 18) and were down 33% year-over-year. There was 5.1 months of inventory in February, reflecting balanced market conditions. The new construction condo median sold price in February was $639,995, 17% below January but 33% higher vs February 2020. The average sold price was $670,993, 40% below last month; the average PSF sales price was $719, down 26% from last month.
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VS
VS
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VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
HOMES FOR SALE
92 18
86 20
7%
85 27
8%
CLOSED SALES
-10% 19%
-33% 62% 33% 1.5%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
5.1
4.3
3.1
$639,995 $770,872
-17% $479,950
$670,993 $1,120,197 -40% $661,176
AVERAGE PRICE PSF
$719
$968
-26%
$755
-5%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$943,965
$680,000
$639,995
$621,204
$522,495
$479,950 $515,038
$527,500
112
101
100
100
92
85
69
27
23
18
13
12
12
6
SEATTLE
KING COUNTY
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
8
BUYER'S MARKET
3+ bdrms
14
1
2 bdrms
27
9
. . . . 0 0 0 0 QD QD QD QD
<2 bdrms
51
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
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 March 4, 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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