seattle
NEW CONSTRUCT ION CONDO APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE 4 % DOWN
CLOSED SALES
MONTHS OF INVENTORY 3.9 BALANCED
MARKET SUMMARY ›
6 % DOWN
11 % UP
36 % UP
92 % UP
There were 98 new construction condo homes for sale in Seattle in April, 7% below March and 4% lower vs April 2020. April’s new construction condo closed sales were unchanged month-over-month (at 25) and were up 92% year-over-year. There was 3.9 months of inventory in April, reflect- ing balanced market conditions. The new construction condo median sold price in April was $700,000, 10% above March and 36% higher vs April 2020. The average sold price was $781,882, 6% above last month; the average PSF sales price was $755, up 8% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 105
% Change
No. 102
% Change
HOMES FOR SALE
98 25
-7%
-4% 92% -50% 36% 11% -6%
CLOSED SALES
25
0.0%
13
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
3.9
4.2
-7%
7.8
$700,000 $635,496 $781,882 $734,657
10% $515,038 6% $703,860
$755
$698
8%
$806
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$943,965
$680,000
$670,000 $700,000
$621,204
$515,038
$527,500
$522,495
114
102
103
101
102
98
69
25
23
20
13
12
12
6
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
11
BUYER'S MARKET
3+ bdrms
17
2
2 bdrms
34
12
. . . . 0 0 0 0 QD QD
<2 bdrms
47
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 May 11, 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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