Multiple Offers Still Driving Seattle Condo Market, 76% Full Price Or Higher
Would you believe me if I told you that 3 out of 4 condo sales in Downtown Seattle are getting full price or more? On average, in the month of September, sellers are getting nearly 5% more than their original asking price.
Of the 46 sales in the month of September, 76% of those sales sold at full price or above asking price. 12 sales sold for 10% or more of the asking price. On average, these condos are on the market for 23 days. However, if you remove a sale from Madison Tower, that took 388 days to sell, the average market time would be just 15 days. That is incredible. There is nothing more fantastic for a seller than a predicable market time and an above market price.
Let me show you a few outliers for the month that went well above the asking price.
If you missed our post yesterday with our monthly sales update, click the imagine below to see an overview of what happened last month.