seatle NEW CONSTRUCTION CONDO -SEPTEMBER202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 11% VS 2021
MONTHS OF INVENTORY 3.4 SELLERS' MARKET
▶ MARKETSUMMARY Therewere110 new construction condo hom esforsalein Seatlein Septem ber,15% higherthan Augustand 11% higherthan Septem ber2021. Septem ber'snew construction condo closed saleswere78% higherm onth-over-m onth (at 32),and weredown 43% year-over-year. Therewere3.4m onthsofinventoryin Septem ber,reflecting selers'm arket conditions. Thenew construction condom edian sold price in Septem berwas$715,000,0% aboveAugust, and 1.1% abovevsSeptem ber2021. Theaveragesold pricewas$807,145,2% below lastm onth,theaveragePSF salesprice was$747,down 9% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 1.1% VS 2021
▼ 7% VS 2021
▼ 43% VS 2021
▼ 24% VS 2021
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No. $747 $807,145 $715,000 3.4 32 110
No. % Change
56 99 -24% -7% 1.1% 94% -43% 11% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
18 96
78% 15%
$825 $822,623 $712,475 5.3
-9% -1.9% 0.4% -36%
$980 $865,451 $706,950 1.8
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$980
$792,650 $787,500
$747
$724,950
$715,000
$706,950
$692,500
$643,500
$528 $550
110
100
99 93
93
92 95 89
90 96
77 74 81
56
52
18
32
12
39
34 40
31
36 35 28
28
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
8.0
11
3+ bdrms
31
30
14
20
2 bdrms
52
3.5
3.0 3.0
2.8
10
2.0
7
<2 bdrms
27
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
16 8 2.0
35 10 3.5
22 8 2.8
16 2 8.0
3 1 3.0
6 2 3.0
M onthsofInv. Closed Sales H om esforSale
0 1
12 0
Copyright© 202 renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofOctober12,202 .Aldatafrom NorthwestMultipleListingService& Rennie.W hiletheinform ationand datacontained hereinhasbe 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,suchopinionsshould and canbeobtained from arennieand as ociatesadvisor.Alinform ation issubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
●
7
Made with FlippingBook - professional solution for displaying marketing and sales documents online