seattle
NEW CONSTRUCT ION CONDO - MARCH 2021
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
15 % DOWN
26 % DOWN
12 % UP
36 % UP
1.0 % UP
3.9 SELLERS
There were 98 new construction condo homes for sale in Seattle in March, 2% above February and 1.0% higher vs March 2020. March’s new construction condo closed sales increased by 25% month-over-month (to 25) but were down 26% year-over-year. There was 3.9 months of inventory in March, reflecting balanced market conditions. The new construction condo median sold price in March was $649,990, 3% below February but 36% higher vs March 2020. The average sold price was $741,374, 6% above last month; the average PSF sales price was $705, down 1.9% from last month.
VS 2020
VS 2020
VS 2020
VS 2020
VS 2020
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
HOMES FOR SALE
98 25
96 20
2%
97 34
1.0% -26% 37% 36% 12% -15%
CLOSED SALES
25% -18%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
3.9
4.8
2.9
$649,990 $670,000 $741,374 $696,307
-3% $477,995 6% $663,600 -1.9% $829
$705
$719
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$943,965
$775,000
$770,872
$649,990
$599,990
$549,970
$477,995
117
107
102
97
98
86
86
34
25
20
18
16
12
12
SEATTLE
KING COUNTY
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
SELLER'S MARKET
BALANCED
10
BUYER'S MARKET
3+ bdrms
13
7
2 bdrms
32
8
. . . . 0 0 0 0 QD QD QD QD
<2 bdrms
53
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2021 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 April 13, 2021. All data from Northwest Multiple Listing Serivce & Rennie. 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. 7
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