belevue
PREVIOUSLY-OW NED CONDO -JULY2023
AVERAGEPSF PRICE
HOMES FOR SALE
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKETSUMMARY Therewere57previouslyowned condohom esfor salein Seatlein July,4% higherthan Juneand 46% lowerthan July2022. July'spreviouslyowned condoclosed saleswere 37% lowerm onth-over-m onth (to27),and were down 31% year-over-year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 17% VS 2022
▼ 11% VS 2022
▼ 46% VS 2022
▼ 31% VS 2022
▼ 11% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
Therewere2.1m onthsofinventoryin July, reflecting selers'm arketconditions.
No. % Change
-11% -17% -11% -22% -31% -46% No. % Change
27 57
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
43 55
-3% 8% 3% 65% -37% 4%
$696 $967,510 $775,000 2.7 39 106
Thepreviouslyowned condom edian sold pricein Julywas$690,000,3% aboveJune,and 11% below vsJuly2022. Theaveragesold pricewas$806,274,8% above lastm onth,theaveragePSF salespricewas$620, down 3% from lastm onth.
$620 $806,274 $690,000 2.1
$639 $748,629 $670,000 1.3
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$696
$620
$775,000
$737,500
$540 $551
$690,000
$672,000
$535,844
$659,500
$602,500
106
98
91
88
68
56
54
53
55
49 44 44
57 27
50 44
46 43
39
38 38
30
27 23 18 29
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
6.0
4
3+ bdrms
16
10
4.0
19
3.0
2 bdrms
31
2.5
5
2.0
1.2
4
0.6
<2 bdrms
0
10
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
4 1 4.0
7 11 0.6
7 6 1.2
10 4 2.5
4 2 2.0
6 1 6.0
6 2 3.0
M onthsofInv. Closed Sales H om esforSale
13 0
Copyright© 2023renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust2 ,2023.Aldatafrom NorthwestMultipleListingService& Rennie.W hiletheinform ationanddatacontained 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 ationcontainedwithinthisreportshould notbeused asanopinionofvalue,suchopinionsshouldandcanbeobtained from arennieand as ociatesadvisor.Alinform ation issubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
10
Made with FlippingBook - professional solution for displaying marketing and sales documents online