west seattle CONDO - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 2.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 17% VS 2023
▲ 44% VS 2023
▲ 52% VS 2023
▲ 50% VS 2023
There were 32 condo listings in West Seattle in November, 26% below October and 52% higher than November 2023. November condo sales decreased by 37% month-over-month, to 12, and were 50% above November 2023. The months of inventory for condos in West Seattle, at 2.7, reflected a sellers' market. The condo median price in November was $648,500, a 1.7% decrease from October and 44% above November 2023. The average sold price was $598,429, 19% below last month; the average PSF sale price was $558, down 14% 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
12 32
$545 $512,594 $449,750 2.6 8 21
2% 17% 44% 1.6% 50% 52%
19 43
-14% -19% -1.7% 18% -37% -26%
$558 $598,429 $648,500 2.7
$651 $740,682 $660,000 2.3
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
83
34
39
35
32
24
29
19
21
16
15
14
11
11 10
11
15
46
12
12
8
10
39
9
9
9
9
5
$895K
$780K
$710K
$660K
$655K
$649K
$530K
$510K
$510K
$500K
$480K
$450K
$450K
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.
20
3.8
4+ bdrms
15
3 bdrms
1.5
10
3
0.8
8
5
2 bdrms
15
0
4
<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 5 19 3.8 5 4 0.8 2 3 1.5 0 2 n/a 0 2 n/a 0 2 n/a
14
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. 52 ●
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