capitol hill/central seattle TOWNHOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 3.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 16% VS 2023
▲ 23% VS 2023
▲ 44% VS 2023
▼ 38% VS 2023
There were 92 townhome listings in Capitol Hill/Central Seattle in June, 6% above May and 44% higher than June 2023. June townhome sales decreased by 55% month-over-month, to 24, and were 38% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for townhomes in Capitol Hill/Central Seattle, at 3.8, re*ected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24 92
39 64
134% -38% 44%
53 87
-1.9% -6% -3% 134% -55% 6%
The townhome median price in June was $960,000, a 3% decrease from May and 23% above June 2023. The average sold price was $944,615, 6% below last month; the average PSF sale price was $636, down 1.9% to last month.
$636 $944,615 $960,000 3.8
$619 $813,843 $780,000 1.6
$648 $1,007,786 $990,000 1.6
3% 16% 23%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
87
49
92
72
67
42
72
59
64
38
53
62
61
59
39
50
49
44
43 23
27
25
36
26
25
24
21
20
15
$990K
$960K
$890K
$865K
$855K
$845K
$802K
$799K
$797K
$780K
$777K
$770K
$725K
Jun-23
May-24
Jun-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
3.9
30
1
4+ bdrms
3.3
4
25
2.7
2.7
20
15
3 bdrms
40
15
10
6
2 bdrms
40
5
0
2
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 0 12 n/a 7 19 2.7 8 31 3.9 6 16 2.7 3 10 3.3 0 2 n/a 0 2 n/a
8
Information and statistics derived from Northwest Multiple Listing Service. Copyright © July 8, 2024 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 July 8, 2024. 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. 20 ●
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