More condos sold in October than in September on Seattle's Eastside. In fact, October was one of the best months for condo real estate this year. There were 257 condo sales, 11 sales less than the top month of sales in August. Turn over has been excellent as the number of new properties for sale each month has remained strong, but with so many selling, the number of available condos stays low.
The number of condos for sale dropped, which is typical of this time of year. Many sellers think that fall is a slow time of year to sell, which is often not the case as this October demonstrates.
Median pricing dropped some this month back to $250,000. Median pricing peaked in the high 270's range in July. Pricing stayed fairly steady until October. We'll know if the drop in pricing in October was just an anomaly when we see how November and December condo real estate pans out.
If you'd like more information about the condo market or your condo in particular, please feel free to contact us. We're here to help!