university district CONDO - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 32.0 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 18% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 113% VS 2023
▼ 30% VS 2023
▼ 27% VS 2023
▼ 75% VS 2023
There were 32 condo listings in University District in September, 27% below August and 113% higher than September 2023. September condo sales decreased by 80% month-over-month, to 1, and were 75% below September 2023. The months of inventory for condos in University District, at 32.0, re'ected a buyers' market. The condo median price in September was $375,000, a 13% decrease from August and 27% below September 2023. The average sold price was $375,000, 10% below last month; the average PSF sale price was $391, down 31% to last month.
PREVIOUS YEAR
No.
No.
% Change -18% -30% -27% 753% -75% 113%
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$391 $375,000 $375,000 32.0 1 32
$476 $536,750 $512,500 3.8 4 15
$571 $418,900 $430,000 8.8 5 44
-31% -10% -13% 264% -80% -27%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
59
115
53
53
44
37
33
40
86
28
32
19
69
21
15
15
8
8
5
5
4
3
3
4
2
2
1
$535K
$525K
$513K
$479K
$477K
$475K
$472K
$460K
$448K
$430K
$375K
Sep-23
Aug-24
Sep-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
4.0
25
4+ bdrms
20
15
3 bdrms
11
10
1
2 bdrms
5
19
0
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 1 4 4.0 0 26 n/a 0 2 n/a
<2 bdrms
2
Copyright © 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 October 9, 2024. All data from Association of Interior Realtors & Rennie. 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. 44 ●
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