September '08 Average Seattle Condo Prices

By
Real Estate Agent with Windermere Real Estate

As promised here are the latest numbers for Seattle condo prices.  Below the graph is the raw data for the past four years.  Funny that the numbers are een more encouraging then those for single family home prices.  We are only off 4-5% from the hoghs of a year ago. 

As with single family home prices, the numbers vary greatly from neighborhood to neighborhood.  If you would like to see the data for a particular neighborhood, leave me a comment and I'll be happy to post it.

Average Seattle Condo Prices

 

Date 10/04 2/05 6/05 10/05 2/06 6/06 10/06 2/07 6/07 10/07 2/08 6/08 9/08

 

For Sale

 

758 622 513 560 502 670 927 902 1381 1642 1490 1631 1584

 

Sold

 

238 231 364 278 210 312 259 230 401 240 214 229 180
                         
Months of Inventory based on Closed Sales 3.2 2.7 1.4 2.0 2.4 2.1 3.6 3.9 3.4 6.8 7.0 7.1 8.8
                         
                         
Avg. Sld Price 271 292 310 341 301 322 347 356 351 371 364 399 340
                         
                         
Sold/Orig LP Diff. % 97 101 99 99 99 99 98 99 97 96 96 95 94
                         
Avg CDOM 0 0 43 35 45 33 38 58 47 66 81 87 107

 

Median Price

 

240 252 262 264 255 274 283 322 300 317 304 318 308

 

Posted by

Rob Graham, Managing Broker

Windermere Real Estate

206-321-6349

robgraham@windermere.com

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