Multiple offers are driving Seattle condo pricing higher. We took at a look at the last 30 days of sales in Downtown Seattle, Queen Anne and Capitol Hill. The numbers do not lie. Low inventory and the incredible demand for affordable units have contributed to an all out bidding war.
So what do the numbers 20, 20 and 19 all have in common? These are the number of offers that were full price or higher in each market. It is an incredible indicator to how the Seattle market is doing in real time. In Capitol Hill as an example, 90% of all sales over the last 30 days were full asking price or higher. We’ve broken down each statistic below.
Number of full price or above asking price sales in each market: