capitol hill/central seattle CONDO - JUNE 2 0 2 4
MONTHS OF INVENTORY 4.0 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 84% VS 2023
▼ 16% VS 2023
▼ 4% VS 2023
▼ 7% VS 2023
There were 153 condo listings in Capitol Hill/Central Seattle in June, 3% above May and 84% higher than June 2023. June condo sales decreased by 5% month-over-month, to 38, and were 7% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Capitol Hill/Central Seattle, at 4.0, re*ected a balanced market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$672 $577,714 $477,950 4.0 38 153
41 83
-0.5% -16% -4% 99% -7% 84%
$685 $575,338 $476,000 3.7 40 149
-1.9% 0.4% 0.4% 8% -5% 3%
The condo median price in June was $477,950, a 0.4% increase from May and 4% below June 2023. The average sold price was $577,714, 0.4% above last month; the average PSF sale price was $672, down 1.9% to last month.
$675 $689,044 $500,000 2.0
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
60
153
149
120
112
120
98
85
102
101
43
83
42
88
85
65 30
41
40
37
33
41
30
38
32
24
22
20
19
$535K
$525K
$528K
$500K
$500K
$480K
$475K
$476K
$478K
$457K
$458K
$450K
$430K
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.
4.0
100
4+ bdrms
3.3
2
3.2
3.0
80
1
3 bdrms
60
7
1.0
40
12
2 bdrms
57
20
0
25
<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 26 105 4.0 6 19 3.2 3 10 3.3 2 6 3.0 0 6 n/a 0 3 n/a 1 1 1.0 0 3 n/a
87
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. 21 ●
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