kingcounty CONDO-NOVEMBER202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 81% VS 2021
MONTHS OF INVENTORY 2.7 SELLERS' MARKET
▶ MARKETSUMMARY Therewere941 new construction condo hom esforsalein KingCountyin N ovem ber, 15.5% lowerthan Octoberand 81% higher than N ovem ber2021. N ovem ber'snew construction condoclosed saleswere23% lowerm onth-over-m onth (at 348),and weredown 50% year-over-year. Therewere2.7m onthsofinventoryin N ovem ber,reflecting selers'm arket conditions. Thenew construction condom edian sold price in N ovem berwas$459,500,6% below O ctober,and 1.2% below vsN ovem ber2021. Theaveragesold pricewas$555,924,6.7% below lastm onth,theaveragePSF salesprice was$509,down 5% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 1.2% VS 2021
▼ 1.9% VS 2021
▼ 50% VS 2021
▼ 2% VS 2021
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No.
No. % Change
691 519 -1.7% -1.9% -1.2% 260% -50% 81% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
348 941
$535 $595,537 $487,475 2.5 450 1,114
-5% -6.7% -5.7% 9% -23% -15.5%
$509 $555,924 $459,500 2.7
$518 $566,674 $465,000 0.8
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$611
$584
$549,950 $535,000
$486,000 $485,000
$518
$509
$459,500
$465,000 $465,000
1,114
1,100
1,076 1,021
972
941
714 753 671
724
691
601
557
554
567
530
450
671
519
405
544
348
469
348 309 372
KING COUNTY SEAT LE
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
300
13.7
61
3+ bdrms
182
11.3
200
185
2 bdrms
480
100
4.1 4.1 4.4
2.5
102
2.4
1.5
<2 bdrms
279
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
192 130 1.5
295 116 2.5
202 49 4.1
99 24 4.1
48 11 4.4
29 12 2.4
34 3 11.3
41 3 13.7
M onthsofInv. Closed Sales H om esforSale
Copyright© 202 renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofDecem ber13,202 .Aldatafrom NorthwestMultipleListingService & Rennie.W hiletheinform ationand datacontainedhereinhasbe 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,suchopinionsshouldand canbeobtained from arennieandas ociatesadvisor.Alinform ation issubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
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