Tag: Seattle Condo Market
February Condo Market Update
February rebounded from a slow January start with condos in Seattle’s core neighborhoods realizing healthy increases, based on median sold prices. Though, average sold prices did take a tumble. While I didn’t include it in the chart, the number of closed sales increased in February compared to January. Source: NWMLS, Information deemed accurate but not…
Seattle Core Neighborhood Condo Market Trends
Here’s some information readers may find useful. I’ve highlighted market trend activity for three core neighborhoods – Downtown, Capitol Hill and Queen Anne – as this is were the bulk of condos and lofts are located. Click on link below. There are three graphs for each neighborhood: Condos for Sale, Sold & Pending Average Price…
2006 Condo Appreciation – Seattle
2006 Condo Appreciation rates for selected Seattle neighborhoods as compared to 2005. Overall, 2006 was quite healthy for Seattle condos and many people who sold their units did well. Though, Queen Anne, surprisingly didn’t fare as well. Notes: Data compiled upon NWMLS sold listings. Data does not include for-sale-by-owner or closed pre-sale activity that were…
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…
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
