Market Updates
2007 State of Downtown
The Downtown Seattle Association (DSA) held its 2007 State of Downtown Economic Forum on Feb. 9th providing an overview of current and future downtown livability issues, planning and development. The forum focused on four areas of commerce – the commercial market, residential market, transportation and tourism and was highlighted by featured speakers, Chris Ludeman, CEO…
January Condo update from the NWMLS
Per the January 2007 NWMLS market release: That condominiums are becoming an attractive option for more buyers is underscored by some of the statistics: In King County, condos accounted for more than 29 percent of last month’s pending sales. The median price for January’s closed sales of condos in King County was $274,900, up $45,000…
King County Growth Report
The NWReporter, a publication of the Northwest MLS, reported on findings from the 2006 King County Growth Report. Among the information pertaining to the economy and real estate market include: Strained housing affordability and traffic congestion seem to be the inevitable consequences of the desirability of King County as a place to live and do…
The downtown high life
Pacific Northwest Magazine (Seattle Times) had an interesting article on the state of the downtown condo market – who’s moving into downtown, reasons they’re downsizing, etc. Matt at urbnlivn.com beat me to punch on posting about it, so I’ll just link over to his post rather than duplicate coverage. By the way, I was interviewed…
Capitol Hill Condo Market Update
July was a great month for condo sales on Capitol Hill with both pendings sales and solds increasing. The number of pending sales increased from 15 to 34 from June to July while solds increased 36 to 50 during the same time period. The number of active condo listings remained the same at 112. The…
Queen Anne Market Update
In July, the number of active condo listings (97) and sold listings (53) remained the same as in June, while the number of pending sales increased significantly from 8 to 27 (number of sales that went to pending status during the month). Additionally, the average number of days on market decreased slightly from 36 to…
Downtown Market Update
July saw an increase in condo inventory in the Downtown, Belltown & Pioneer Square areas from 89 to 131 active listings. Pending sales also increased 8.9% from 35 to 39. Interestingly, with the increased inventory, buyers had more choices and it resonated with them as the average days on market fell from 78 to 52…
2005 Condo Appreciation Rates
The Seattle Times reported that King County condos have surpassed single family homes in appreciation during the first half of this year. Condos now make up 25% percent of the total home sales in the county. Condo Appreciation Rates for selected neighborhoods: Source: Seattle Times
Not Condo related, necessarily
Nevertheless, if you’re looking to buy or sell your condo or loft, it’s useful to have all the information and tools at your disposal. So, here’s a plug for my company, John L. Scott Real Estate. Over the past month, John L. Scott has been rolling out new features empowering buyers and sellers to make…
