Seattle Condo Sold Median Price is Down 12.7% Over Last Five Years
When I first moved to Seattle in 1985 to attend college at the University of Washington, the real estate market in Seattle was significantly different. During the last five years from 2008 to 2013 it may surprise some people that the median for Seattle condos sold is down 12.7% during the last five years:
Demand remains fierce. There were 1,283 Seattle condos sold in 2008 down to 573 sold in 2013. This is a 55.3% decrease.
What does this mean if you want to buy a condo in Seattle?
It means you should be prepared for high demand and lower inventory. As of October 10, 2013 there are 556 condos for sale in Seattle ranging in listing price from $44,900 to $8 million.
Whether buying or selling in Seattle Washington contact me for a free market analysis at (425) 290-3114.
I am a graduate of the University of Washington in Seattle and know the area well.
* Source: Northwest Multiple Listing Service (NWMLS.) The NWMLS did not compile or publish this information. Information is believed to be accurate but should not be relied upon without verification.
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