Condos
After a big jump in condo inventory back in May on Seattle's Eastside, the number of condos for sales continues to slowly creep up. Pending condo sales were up slightly each of the past few months, but seemed to have peaked back in the spring. Still, over 50% of the condos sold last month. The average market time was 36 days and median pricing war, $265,000. The most active month so far this year was back in April, when 95% of the condos for sale sold! It's still a good market.
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!
A Healthy Market for Condo Sales in July on Seattle’s Eastside
Seattle Eastside Condo sales are still strong with 60% of the available condos selling in July. The average market time was 29 days and median pricing was about the same as last year, $270,000. The most active month so far this year was back in April, when 95% of the condos for sale sold! It's still a good market. More than 1/2 the condos sold last month, a very good and healthy number of sales.
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!
Seattle Eastside Condo Sales Remain Steady in June
Numbers have been holding more steady in the last couple of months for Seattle Eastside Condo sales as the pattern is not all that different from May to June. Although, slightly more condos were for sale and slightly fewer sold in June.
In June 63% of the condos sold. Median pricing for condos stood at $291,000 up from $279,000 in 2011. Condos took 32 days to sell on average and sold for 99% of the asking price.
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!
A Slight Shift in The Condo Market on Seattle’s Eastside?
Has there been a shift in the Seattle Eastside condominium market? What could be a shift is shown by the big jump in inventory to 375 available condos from 288 in April and the slight decline in sales over the last couple of months. Seattle Eastside condo sales are still fabulous, although more condos sold in March and April than in May.
The pattern we saw in 2013 is playing out once again. The real estate market is always at its most frenetic during the first quarter of the year. As the year progresses, more property becomes available, giving buyers more choices. Add in our usually gorgeous summer weather when people spend more time playing and traveling than searching for homes, and we'll see a strong market through the summer, but not as crazy as the spring.
In May 68% of the condos sold, a very solid number and in many years over the last decade, this number would have been phenomenal. Given the past couple of years with sales off the charts, 68% is a very respectable and healthy number of sales.
Median pricing for condos was similar to March and stood at $270,000. Condos took 30 days to sell on average and sold for 99% of the asking price.
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!
Almost Every Listed Condo on Seattle’s Eastside Sold In March!
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!