Tag: Seattle Condo Market
June Seattle Condo Market Update
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. While the year-over-year…
May Seattle Condo Market Update
May continued to exhibit an active condo market with double digit increases in units sold city-wide. Interestingly, NE Seattle and West Seattle showed the greatest increase in unit sales, mostly attributable to a robust resale market. City-wide, condos appreciated approximately 6% based on average sales price. However, across the board, median prices took a tumble…
Entry-Level Inventory Shrinkage
The Seattle Times recently had an interesting graph on the availability of entry-level condos over the past 15 years. The last few years have seen a drastic decrease in sub $200,000 properties. The majority of buyers that my team and I work with are first-time homebuyers and we definitely feel the squeeze. In fact, under…
Seattle Condo Expo – recap
Amid great fanfare the Seattle Condo Expo was held this past weekend. The event provided a great opportunity for potential buyers to get a feel of the upcoming condominium projects in the downtown & Bellevue areas. And, many of the presentations provided useful and insightful information about the future of Seattle’s condo market. For consumers…
April Condo Market Update
Month to month results from March to April, were less than stellar. Citywide, condo sales increased 7.8% with downtown seeing a 82% increase in sold units compared to March. However, sold prices remained flat overall. In a few core neighborhoods, prices reflect a downturn from the previous month. Compared to a year ago, the Seattle…
Friday Odds and Ends – 4/27
On the Horizon Eastlake area – Ruby Condominiums (website) at northern tip of Eastlake Ave E at E. Allison. Lower Queen Anne – Luxe Condominiums (website) at 500 5th Ave W. Thirty-nine flats starting from the low $300,000s. Escala Unveils Revamped Website Escala unveiled a new website with additional features including home floor plans,…
Seattle Condo Market Update
First Quarter Condo Market Performance Seattle’s first quarter 2007 condo sales figures exhibited a healthy market performance compared to the same period last year. The chart below shows Sold information for city-wide condo sales as well as selected downtown core neighborhoods. March 2007 Condo Market Performance The one month figures from February to March…
Friday Odds and Ends – April 6th
Urban Real Estate + 2 There are many indicators to gauge the state of the housing market – new construction, the economy, job growth, appreciation and so forth. Well, add another barometer. Sources indicate two new real estate offices will open in Belltown soon – a 2nd Windermere office and a Re/Max office. John L.…
Daily Journal of Commerce Condo Special
The Daily Journal of Commerce just released a condominium special covering a number of topics from conversions, space, market forecasts to ventilation. The DJC is subscription-based but the special report should be available without a subscription. The articles were written by the principals of condo marketing firms, developers and an architectural firm and there is…
More Market Info – NWMLS March Update
The NWMLS March update press release is out and it does confirm a strong start for the year, especially for the condo market. Figures for February show system-wide gains in both pending sales (offers made and accepted, but not yet closed) and sales prices compared to a year ago. Results were mixed among the 19…
