Seattle condo sales are in for December. Sales increased 16% over last month.
There were 44 sales in December ranging from $205,000 t0 a $2,267,650 sale at Four Seasons. The average price per square foot was up to $639.23 from $632 in November. The average price per unit was $736,970. A remarkable stat that we covered just before Christmas, is the list to sale price ratio. During the month of December, sellers received 98.76% of their asking price. 24 sales had full asking price or above asking price offers – indicating a strong sellers market.
With the success of Insignia Towers and the severely limited inventory, we expect Downtown Seattle will have a new condo project announcement soon. Both job growth and wage expansion continue to make Seattle one of the best real estate markets in the country.
Thinking about selling your condo? Our team is ready to help – contact us.
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