kingcounty CONDO -JUNE2023
AVERAGEPSF PRICE
HOMES FOR SALE ▼ 11% VS 2022
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKETSUMMARY Therewere874 new construction condo hom esforsalein KingCountyin June,8% higherthan M ayand 11% lowerthan June 2022. June'snew construction condo closed sales were11% higherm onth-over-m onth (at554), and weredown 17% year-over-year. Therewere1.6m onthsofinventoryin June, reflecting selers'm arketconditions. Thenew construction condom edian sold price in Junewas$529,382,3% aboveM ay,and 5% abovevsJune2022. Theaveragesold pricewas$621,173,1.1% abovelastm onth,theaveragePSF salesprice was$564,up 5% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 5% VS 2022
▲ 2% VS 2022
▼ 17% VS 2022
- VS 2022
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No.
No. % Change
671 981 -17% -11% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
554 874
499 808
5% 1.1% 3% -3% 11% 8%
$564 $621,173 $529,382 1.6
$535 $614,406 $513,500 1.6
$566 $607,591 $505,000 1.5
0% 2% 5% 8%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$500,000 $529,382
$505,000
$646 $655
$485,000 $487,475 $469,500
$475,000
$566
$564
1,083 1,022 1,078 1,076
981
915
874
746
715
671
661
808 499
622 592
554
567
531
450
554
431
421
347 322
360
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
7.9
120
200
3+ bdrms
172
150
5.1
269
2 bdrms
100
410
2.6
2.0 2.0
50
1.5
165
1.2 1.2
<2 bdrms
292
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
187 157 1.2
211 173 1.2
181 121 1.5
93 46 2.0
46 23 2.0
42 16 2.6
51 10 5.1
63 8 7.9
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.
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