seattle
PREVIOUSLY OWNED CONDO FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE 84 % UP
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
0.0 %
2 % DOWN
0.7 % UP
8 % UP
2.4 SELLER’S
There were 485 previously owned condo homes for sale in Seattle in February, 4% below January but 84% higher vs February 2020. February’s previously owned condo closed sales increased by 39% month-over-month (to 202) and were up 8% year-over-year. There was 2.4 months of inventory in February, reflecting seller’s market conditions. The previously owned condo median sold price in February was $450,000, 3% below January and 2% lower vs February 2020. The average sold price was $545,732, 1.1% above last month; the average PSF sales price was $581, up 2% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 504 145 3.5
% Change
No. 264 187 1.4
% Change
HOMES FOR SALE
485 202 2.4
-4% 39% -31%
84%
CLOSED SALES
8%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
70% -2% 0.0% 0.7%
$450,000 $465,000 $545,732 $540,027
-3% $460,000 1.1% $545,468
AVERAGE PRICE PSF
$581
$569
2%
$577
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$460,000 $458,000 $449,250 $485,000 $469,000 $429,500 $450,000
870
789
544
548
485
373
264
227
227
202
186
187
166
133
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
10
BUYER'S MARKET
3+ bdrms
28
90
2 bdrms
206
102
. . . . 0 0 0 0
<2 bdrms
251
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. 8
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