queen anne/magnolia TOWNHOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 4.5 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.1% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 79% VS 2023
▼ 10% VS 2023
▼ 19% VS 2023
0.0% VS 2023
There were 50 townhome listings in Queen Anne/Magnolia in June, 28% above May and 79% higher than June 2023. June townhome sales decreased by 52% month-over-month, to 11, and were the same in June 2023. The months of inventory for townhomes in Queen Anne/Magnolia, at 4.5, re(ected a balanced market. The townhome median price in June was $825,000, a 0.5% increase from May and 19% below June 2023. The average sold price was $908,818, 0.2% above last month; the average PSF sale price was $614, down 6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11 50
11 28
0.1% -10% -19% 79% 0% 79%
23 39
-6% 0.2% 0.5% 168% -52% 28%
$614 $908,818 $825,000 4.5
$614 $1,005,905 $1,020,000 2.5
$655 $907,156 $820,500 1.7
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
65
50
35
39
31
30
28
25
23
23
29
29
28 16
19
15
21
14
19
19
37
11
35
11
14
11
9
9
7
$1.13M
$1.02M
$1.02M
$985K
$976K
$925K
$935K
$895K
$875K
$875K
$821K
$825K
$780K
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.
12
8.0
2
4+ bdrms
4
10
6.0
8
5.0
1
3 bdrms
4.0
20
6
4
2.0
8
2 bdrms
23
2
0
<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 3 n/a 1 5 5.0 1 6 6.0 0 4 n/a 0 2 n/a 1 8 8.0 3 12 4.0 5 10 2.0
3
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. 40 ●
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