How about a market update?
I have two things to share with you guys this morning. One, selfishly, a client of mine just reduced the price on his 1 bedroom condo in Belltown. I think this is one of the best 1 bedrooms on the market right now – it has a HUGE view as well. Take a look!
Secondly, I wanted to provide a market update for you guys. Inventory has been quietly decreasing over the last 30 days. Some of that is seasonal, but there have been 14 pending sales in just 30 days. Bringing the total number of condos for sale in the Downtown Seattle core to 168 units.
As you can see in the chart above, the number of condos for sale in downtown has decreased from 224 to 183. Now some of that is from units at Spire (new construction condo project). With that said and you will see me echo this in the video, I think we are setting up for another good year in Seattle real estate. If we see a Santa Claus rally on Wall Street, I think there will be even more optimism heading into the new year!
Hope you guys enjoy the video. As always, get in touch if you have questions on the market, buying, selling or just want to talk real estate! Have a great weekend!