capitol hill/central seattle CONDO - MAY 2 0 2 4
▶ MARKET SUMMARY There were 149 condo listings in Capitol Hill/Central Seattle in May, 24% above April and 84% higher than May 2023.
MONTHS OF INVENTORY 3.7
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5%
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 11%
▼ 0.8%
▲ 84%
▼ 20%
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
VS 2023
May condo sales decreased by 2% month-over-month, to 40, and were 20% below May 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Capitol Hill/Central Seattle, at 3.7, reflected a sellers' market.
$685 $575,338 $476,000 3.7 40 149
50 81
5% -11% -0.8% 130% -20% 84%
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$687 $600,023 $450,000 2.9 41 120
-0.3% -4% 6% 27% -2% 24%
The condo median price in May was $476,000, a 6% increase from April and 0.8% below May 2023.
$650 $645,328 $480,000 1.6
The average sold price was $575,338, 4% below last month; the average PSF sale price was $685, down 0.3% to last month.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
46
149
43
120
41
111
120
97
84
102
101
81
87
85
83
64
41
50
37
33
30
30
40
41
32
24
22
20
19
$535K
$525K
$528K
$500K
$500K
$480K
$480K
$475K
$476K
$457K
$458K
$450K
$430K
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.
120
8.0
100
4+ bdrms
2
80
3 bdrms
4.0
3.9
60
5
40
2.0
2.0
21
2 bdrms
1.0
52
20
0
19
<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 28 110 3.9 8 16 2.0 1 8 8.0 1 4 4.0 1 2 2.0 0 4 n/a 1 1 1.0 0 4 n/a
90
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. 21 ●
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