You know the condo real estate sales are hot when 95% of all the listed properties sell in one month. Of the 312 condos for sale, only 14 did not sell last month! Honestly, I've been working in Seattle eastside real estate since 1987, and I don't believe there has been a month when almost every condo sold.
Median pricing for condos stood at $274,000. Condos took 42 days to sell on average and sold for 99% of the asking price. Given the relatively small inventory of condos, none of these statistics is a big surprise.
So buyer, be armed and ready with a great offer to win one of the few condos for sale. Consider pre-inspections and make the cleanest offer possible when stepping up to the plate.
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!