belevue
PREVIOUSLY-OW NEDCONDO -JUNE2023
AVERAGEPSF PRICE
HOMES FOR SALE
MONTHS OF INVENTORY 1.3 SELLERS' MARKET
▶ MARKETSUMMARY Therewere55previouslyowned condohom esfor salein Seatlein June,4% lowerthan M ayand 29% lowerthan June2022. June'spreviouslyowned condoclosed saleswere 7% lowerm onth-over-m onth (to43),and were down 19% year-over-year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 15% VS 2022
▼ 9% VS 2022
▼ 29% VS 2022
▼ 19% VS 2022
▼ 5% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
Therewere1.3m onthsofinventoryin June, reflecting selers'm arketconditions.
No. % Change
53 77 -12% -19% -29% No. % Change
43 55
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
46 57
-7% -4%
Thepreviouslyowned condom edian sold pricein Junewas$670,000,1.6% aboveM ay,and 9% below vsJune2022. Theaveragesold pricewas$748,629,7% above lastm onth,theaveragePSF salespricewas$639, up 9% from lastm onth
$639 $748,629 $670,000 1.3
$587 $699,820 $659,500 1.2
9% 7% 1.6% 3%
$676 $885,501 $735,000 1.5
-5% -15% -9%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$676
$639
$750,000
$566 $564
$670,000
$735,000
$675,000
$550,000 $565,000
106
98
$485,000
91
88
77
68
55 46 43 57
54
53
49 44 44
53
50 44
39
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
7.0
8
3+ bdrms
6.0
13
10
25
2 bdrms
3.0
29
5
1.3
1.0
1.0
10
0.6
0.3
<2 bdrms
0
13
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
6 6 1.0
8 13 0.6
10 10 1.0
8 6 1.3
1 3 0.3
9 3 3.0
6 1 6.0
7 1 7.0
M onthsofInv. Closed Sales H om esforSale
Copyright© 2023renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofJuly18,2023.Aldatafrom NorthwestMultipleListingService& Rennie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsasthe recipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontained withinthisreportshould notbeused asanopinionofvalue,suchopinionsshould and canbeobtained from arennieand as ociatesadvisor.Alinform ation issubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
●
10
Made with FlippingBook - professional solution for displaying marketing and sales documents online