queen anne/magnolia TOWNHOME - MAY 2 0 2 4
▶ MARKET SUMMARY
MONTHS OF INVENTORY 1.7
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4%
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 12%
▼ 13%
▲ 81%
▲ 28%
There were 38 townhome listings in Queen Anne/Magnolia in May, 9% above April and 81% higher than May 2023. May townhome sales increased by 64% month-over-month, to 23, and were 28% above May 2023.
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 Queen Anne/Magnolia, at 1.7, reflected a sellers' market.
23 38
18 21
4% -12% -13% 42% 28% 81%
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14 35
1.8% -20% -20% -34% 64% 9%
The townhome median price in May was $820,500, a 20% decrease from April and 13% below May 2023.
$655 $907,156 $820,500 1.7
$631 $1,032,894 $942,500 1.2
$644 $1,137,857 $1,024,500 2.5
The average sold price was $907,156, 20% below last month; the average PSF sale price was $655, up 1.8% to last month.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
45
38
35
31
30
28
25
29
29
35
28
23
23
19
18 21
31
21
16
15
19
19
11
14
14
11
9
9
7
$1.13M
$1.02M
$1.02M
$985K
$976K
$943K
$925K
$935K
$895K
$875K
$875K
$821K
$780K
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.
10
3.0
1
4+ bdrms
5
8
2.0
7
6
3 bdrms
1.3
14
0.9
0.8
4
13
2 bdrms
17
2
0
2
<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 1 3 3.0 8 10 1.3 9 8 0.9 4 3 0.8 0 5 n/a 0 5 n/a 1 2 2.0 0 2 n/a
2
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. 40 ●
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