queen anne/magnolia CONDO - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 2.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 38% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 19% VS 2023
▲ 100% VS 2023
▼ 25% VS 2023
▼ 10% VS 2023
There were 57 condo listings in Queen Anne/Magnolia in November, 42% below October and 10% lower than November 2023. November condo sales decreased by 13% month-over-month, to 20, and were 100% above November 2023. The months of inventory for condos in Queen Anne/Magnolia, at 2.9, reflected a sellers' market. The condo median price in November was $492,500, a 19% decrease from October and 25% below November 2023. The average sold price was $775,625, 5% below last month; the average PSF sale price was $873, up 31% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20 57
10 63
-25% -55% 100% -10%
23 98
31% -5% -19% -33% -13% -42%
$873 $775,625 $492,500 2.9
$631 $650,945 $655,000 6.3
$667 $812,365 $605,000 4.3
38% 19%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
114
108
60
59
98
91
103
97
48
63
73
57
55
20 44
28
41
27
23
37
22
20
26
9
19
18
18
10
17
$655K
$605K
$552K
$543K
$530K
$493K
$493K
$487K
$485K
$452K
$455K
$436K
$430K
Nov-23
Oct-24
Nov-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
3.5
40
4+ bdrms
3.0
3.0
30
2.0
3 bdrms
7
20
10
2 bdrms
10
27
0
10
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES
23
14 42 3.0
2 7 3.5
0 3 n/a
1 0 n/a
1 2 2.0
1 0 n/a
1 3 3.0
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 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 December 9, 2024. 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. 41 ●
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