ballard/greenlake CONDO - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 3.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 8% VS 2023
▲ 88% VS 2023
▼ 1.4% VS 2023
▼ 20% VS 2023
There were 60 condo listings in Ballard/Greenlake in November, 22% below October and 88% higher than November 2023. November condo sales decreased by 38% month-over-month, to 16, and were 20% below November 2023. The months of inventory for condos in Ballard/Greenlake, at 3.8, reflected a sellers' market. The condo median price in November was $449,750, a 6% decrease from October and 1.4% below November 2023. The average sold price was $499,031, 3% above last month; the average PSF sale price was $573, up 2% 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
16 60
20 32
-1.4% 134% -20% 88%
26 77
2% 3% -6% 27% -38% -22%
$573 $499,031 $449,750 3.8
$625 $460,168 $456,250 1.6
$560 $483,683 $479,000 3.0
-8% 8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
49
71
80
77
60
42
51
61
60
38
40
33
32
42 25
27
26
24
24
21
21
27
20
16
20
17
17
7
14
$479K
$465K
$470K
$456K
$458K
$450K
$450K
$450K
$450K
$440K
$440K
$430K
$420K
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.
4.0
50
4+ bdrms
40
2.5
1 1
30
3 bdrms
20
10
2 bdrms
27
10
0
5
<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
32
13 52 4.0
2 5 2.5
0 1 n/a
1 0 n/a
0 2 n/a
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. 9 ●
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