capitol hill/central seattle TOWNHOME - MAY 2 0 2 4
▶ MARKET SUMMARY There were 87 townhome listings in Capitol Hill/Central Seattle in May, 21% above April and 24% higher than May 2023. May townhome sales increased by 47% month-over-month, to 53, and were 1.9% above May 2023.
MONTHS OF INVENTORY 1.6
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.4%
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 18%
▲ 29%
▲ 24%
▲ 1.9%
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
VS 2023
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for townhomes in Capitol Hill/Central Seattle, at 1.6, reflected a sellers' market.
53 87
52 70
-1.4% 18% 29% 22% 1.9% 24%
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
36 72
7% 14% 16% -18% 47% 21%
The townhome median price in May was $990,000, a 16% increase from April and 29% above May 2023.
$648 $1,007,786 $990,000 1.6
$658 $857,006 $767,975 1.3
$604 $887,544 $855,000 2.0
The average sold price was $1,007,786, 14% above last month; the average PSF sale price was $648, up 7% to last month.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
42
87
72
39
38
67
70
72
59
64
53
52
62
61
59
50
39
49
44
43
27
25
36
23
26
25
21
20
15
$990K
$890K
$865K
$855K
$845K
$802K
$799K
$797K
$780K
$777K
$768K
$770K
$725K
May-23
Apr-24
May-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.
30
2.1
3
2.0
4+ bdrms
3
25
1.5
1.3
20
1.1
34
3 bdrms
42
15
10
16
2 bdrms
37
5
0
<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 0 6 n/a 15 23 1.5 14 30 2.1 18 19 1.1 4 5 1.3 1 2 2.0 1 0 n/a 0 2 n/a
5
Information and statistics derived from Northwest Multiple Listing Service. Copyright © June 10, 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 June 10, 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. 20 ●
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