Keller Williams Greater Seattle, Ben Kakimoto, Seattle Condo Agent

June Seattle Condo Market Update

By on July 9, 2007 in Market Updates, Real Estate with 0 Comments

Seattle’s condo market continued to show growth through June. Compared to a year ago, city-wide median prices for condos increased 9.9% to $301,950 along with a 6.5% increase in closed unit sales. Queen Anne, Capitol Hill, North Seattle and West Seattle realized a double-digit increase in median price over the prior year.

June 2007 Seattle Condo Market Update

While the year-over-year figures do show a robust market, the trend is showing a softening of the market. Compared to the prior month, city-wide, the number of active listings increased 14.3% while closed sales reflected a 3.4% decrease. Median prices, for the most part, remained stagnant.

With the exception of Northwest Seattle, most areas realized fewer closed sales compared to the prior month. However, the spike in the Northwest Seattle figures likely include a recently completed condo project and conversions.

June 2007 Seattle Condo Market

Source: NWMLS, information obtained from but not compiled by the NWMLS. Data based on closed sales information reported as of July 7, 2007. Information deemed reliable but not guaranteed.

Tags:

About the Author

About the Author: Ben Kakimoto is a Seattle condo and urban real estate marketing & listing specialist. Contact Ben to learn more about the Seattle condo and loft real estate market or about buying or selling a Seattle area condo. Find Ben on Google+, Twitter and Facebook. .

Subscribe

If you enjoyed this article, subscribe now to receive more just like it.

Post a Comment

Your email address will not be published. Required fields are marked *

Top