kingcounty CONDO -SEPTEMBER202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 31% VS 2021
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKETSUMMARY Therewere1,096 new construction condo hom esforsalein KingCountyin Septem ber, 7% higherthan Augustand 31% higherthan Septem ber2021. Septem ber'snew construction condo closed saleswere7% lowerm onth-over-m onth (at 526),and weredown 37% year-over-year. Therewere2.1m onthsofinventoryin Septem ber,reflecting selers'm arket conditions. Thenew construction condom edian sold price in Septem berwas$485,000,aboutthesam eas August,and 2% abovevsSeptem ber2021. Theaveragesold pricewas$595,640,0.7% abovelastm onth,theaveragePSF salesprice was$550,up 2.6% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 2% VS 2021
▲ 5% VS 2021
▼ 37% VS 2021
▲ 4.2% VS 2021
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No. $550 $595,640 $485,000 2.1 526 1,096
No. % Change
841 837 109% -37% 31% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$536 $591,214 $485,000 1.8 567 1,028
2.6% 0.7% 0% 15% -7% 7%
$528 $569,835 $475,000 1.0
4% 5% 2%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$666
$642
$549,950 $535,000
$550
$528
$486,000 $485,000
$475,000 $465,000 $465,000
1,086 1,028
1,096
970
841
714 752 671
724
724
691
601
837
557
553
567
731
667
526
405
539
517
464
347 306 365
KING COUNTY SEAT LE
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
8.0
106
3+ bdrms
300
207
5.4
255
200
2 bdrms
564
3.5
2.8 2.5
2.8
100
1.9
165
1.2
<2 bdrms
325
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
198 172 1.2
343 180 1.9
236 85 2.8
118 47 2.5
72 9 8.0
28 10 2.8
46 13 3.5
54 10 5.4
M onthsofInv. Closed Sales H om esforSale
Copyright© 202 renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofOctober12,202 .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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