Dupre + Scott: Rents up 8.2% in Last Year

20140921RentChange6Mo

Seattle Condo May Market Report

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Polaris Pacific, a real estate marketing firm in San Francisco, recently released their May report on the Seattle condo market. Highlights include: Median price increased 3.0 year-over-year Sales decreased 1.1% year-over-year Days on market decreased 12.5% year-over-year

Dupre + Scott Surveys the Rental Market

Vacancy Rate

Apartment research firm Dupre + Scott have completed their twice a year survey of 2,163 properties encompassing 223,100 units. Here are the high level points: The vacancy rate is 3.6%, down from 4% last fall. It has only been this low once before since 1980. Vacancies fell in all five counties over the past six… Read More

Seattle New Construction Update: 48 Units Left, 370 Coming

Last we checked in August there was 58 new construction condos for sale. Checking today we’re down to 48 new construction condos left on the market that you could buy and move into. There are also 370 condos that are not yet built but are being marketed. Still Selling Escala — 92.5% Sold 269 Units,… Read More

Seattle New Construction Update: 58 units left

Last we checked in March there was 62 new construction condos for sale. Checking today we’re down to 58 new construction condos left on the market (a search of Redfin shows 33 new construction condos for sale though same agents seem to be claiming that units built in 2006 are “new construction”). Still Selling Escala… Read More

June Condo Report: Prices +5.8%, Sales -20.7%, Inv -3.6%

Seattle Condo Market Report - June 2013 - num of condos for sale

Here’s our report on what happened with the Seattle condo market in June! The quick overview is that prices are up 5.8%, sales are down 20.7% and the number of condos for sale is down 3.6%. Compared to last year prices are up 9.3%, sales down 18.3% and the number of condos for sale is… Read More

What It Takes To Win

Seattle Offer Insights

Thought after doing an update on the market last week and how many new construction condos are left it’d be worthwhile taking a look at how hard it is to win an offer these days. The news seems to be mixed. For some homes in downtown Seattle, the ones on market a little longer, there… Read More

May Market Report: Prices -4.7%, Sales -13.3%, Inv +17.3%

Seattle Condo Market Report May 2013 - Num of Condos Sold

Here’s our report on what happened with Seattle condo market in May! The quick overview is that prices are down 4.7%, sales are down 13.3% and the number of condos for sale is up 17.3%. Compared to last year prices are up 1.4%, sales down 8.9% and the number of condos for sale is down… Read More

Seattle New Construction Update: 62 Units Left

Last we checked in March there was 97 new construction condos for sale. Checking today we’re down to 68 new construction condos left on the market (a search of Redfin shows 35 new construction condos for sale). Note that we didn’t receive updates for two projects so there are likely more sold than that. Million… Read More

April Market Report: Prices -3.2%, Sales +2%, Inv +3.4%

April 2013 Seattle Condo Market Report - Median Condo Sales Price

Here’s our report on what happened with Seattle condo market in April! The quick overview is that prices are down 3.2%, sales are up 2.0% and the number of condos for sale is up 3.4%. Compared to last year prices are up 13.3%, sales up 9.4% and the number of condos for sale is down… Read More

March Condo Report: Prices +8.2%, Sales +47%, Inventory -7%

March 2013 Seattle Condo Market Report - Condos Sold

Here’s our report on what happened with Seattle condo market in March. Prices are up 8.2%, sales are up 47.0% and the number of condos for sale is down 7.0%. Compared to last year prices are up 22.4%, sales up 37.2% and the number of condos for sale is down 49.1% Median Sale Price Increased… Read More

NWMLS #s: Prices Up 20% Y-o-Y

The Seattle Times reported yesterday afternoon on the jump in home prices, King County house prices jumped almost 20 percent over year: The median price of single-family homes sold in King County leapt in March to $392,000 as buyers, many waving all-cash offers, bid up the region’s tight inventory. With 40 percent fewer houses for… Read More

PSBJ: Rents Up 5.5%, Vacancy at 6 Year Low

PSBJ, Puget Sound renters still paying more. In Seattle, the vacancy rate is just under 3 percent. But add in the 2,300 recently completed units in projects that are still being leased, and vacancy climbs to 8 percent. One dark cloud for landlords is this: Mortgage payments for owners of midrange condos are 39 percent… Read More

How Hot Is the Market? 3 Offers Per Sale

offer insights

Last month Redfin release Offer Insights giving all of us an inside look at what it takes to buy a place these days. The situation for downtown Seattle is looking grim for buyers, great for sellers. Click to enlarge:

Feb ’13 Seattle Condos: Prices Up 8%, Sales Up 11.3%, For Sale Down 4.8%

January 2013 Seattle Condo Market Report - sale-to-list

Here’s our report on what happened with Seattle condo market in February. Prices are up 8.0%, sales are up 11.3% and the number of condos for sale is down 4.8%. Compared to last year prices are up 33.9%, sales up 21.9% and the number of condos for sale is down 50.7% Median Sale Price Increased… Read More

Seattle New Construction Update: ~97 Left

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Last we checked in December there was 133 condos for sale. Checking today we’ve sold about 20 in two and a half months leaving about 110 new construction condos left on the market (a search of Redfin shows 51 new construction condos for sale). Note that we didn’t receive updates for a few projects so… Read More

January 2013 Condo Market Report

January 2013 Seattle Condo Market Report - median condo sales price

Here’s our report on what happened with Seattle condo market in January. Prices are down 9.7%, sales are down 13.7% and the number of condos for sale is down 7.0%. The yearly summary is that prices are up 22.0%, sales up 25.8% and the number of condos for sale is down 51.0% Median Sale Price… Read More

December 2012 Seattle Condo Market Report

December 2012 Seattle Condo Market Report - months of supply

Here’s our report on what happened with Seattle condo market in December. Prices are up 11.0%, sales are down 4.5% and the number of condos for sale is down 16.9%. The yearly summary is that prices are up 18.1%, sales up 3.0% and the number of condos for sale is down 50.8% Median Sale Price… Read More

New Construction Update: ~133 Condos Left

As we prepare for 2013 we thought it’d be interesting to touch base on what new construction is left. Seems like about 133 units by our count. Still Selling Escala — 80% Sold 269 Total Units, 214 Closed (83 this year), 12 Pending, 43 Available Notes: Price increases planned for 2013? Yes, as the remaining… Read More

November 2012 Condo Market Report – Down Across the Board

November 2012 Seattle Condo Market Report - sale-to-list

Here’s our report on what happened with Seattle condo market in November. For starters, we disagree with Ben over at Seattle Condos and Lofts who reported on the NWMLS numbers, Seattle Condo Update: Market Recovers – November 2012: November marked another solid month for Seattle’s condo market recovery with robust sales activity and rising sale… Read More