seatle NEW CONSTRUCTION CONDO -JULY2023
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 54% VS 2022
MONTHS OF INVENTORY 3.1 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Therewere154 new construction condo hom esforsalein Seatlein July,7% higher than Juneand 54% higherthan July2022. July'snew construction condo closed sales were16% lowerm onth-over-m onth (at49), and wereup 308% year-over-year. Therewere3.1m onthsofinventoryin July, reflecting selers'm arketconditions. Thenew construction condom edian sold price in Julywas$699,950,0.1% aboveJune,and 11% below vsJuly2022. Theaveragesold pricewas$779,533,10% below lastm onth,theaveragePSF salesprice was$714,down 10% lastm onth.
▼ 11% VS 2022
▼ 10% VS 2022
▲ 308% VS 2022
▼ 8% VS 2022
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No. $714 $779,533 $699,950 3.1 49 154
No. % Change
-8% -10% -11% -62% 308% 54% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$795 $869,551 $699,475 2.5 58 144
-10% -10% 0.1% 27% -16% 7%
$778 $863,909 $787,500 8.3 12 100
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$778
$787,500
$714
$770,000
$705,000 $679,000 $713,500
$699,950
$627,500
$540 $551
144
154
123
123
112
107
107
103
103
95
100 105
94
58
36
32
49
31 41
31
27
25
12 18
11
8
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
50 60
14.0
10
13.0
3+ bdrms
44
40
10.0
31
30
2 bdrms
74
20
2.9 2.6
0 10
8
2.3 2.3
1.5
<2 bdrms
36
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
7 3 2.3
28 12 2.3
53 18 2.9
23 9 2.6
14 1 14.0
6 4 1.5
13 1 13.0
10 1 10.0
M onthsofInv. Closed Sales H om esforSale
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