Flurry Of Million Dollar Condos Selling In Downtown Seattle, 65% Are All Cash Buyers
We are noticing a growing trend in Downtown Seattle – condos selling for well over $1m. Year to date there have been 31 sales over $1m. Last year during this same time, there were 20 sold or 55% less. Just in the last week alone there were 5 sales between $1,065,000 and $2,350,000.
Here is an amazing statistic – 20 units out of the 31 sales this year were all cash buyers – no financing! That is 65% of all sales year to date.
We put together a graphic to show you guys the activity in the Seattle luxury condo market.
Jeff Reynolds
Administrator
My name is Jeff Reynolds and I’m a real estate broker with Compass Seattle. I’m the founder of UrbanCondoSpaces and I lead Seattle’s number one condo team. UCS is a blog specializing in Urban Living. Contact me to see homes for sale, to sell your condo or to simply learn more about the Seattle Real Estate market.
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Jeff Reynolds
Administrator
My name is Jeff Reynolds and I’m a real estate broker with Compass Seattle. I’m the founder of UrbanCondoSpaces and I lead Seattle’s number one condo team. UCS is a blog specializing in Urban Living. Contact me to see homes for sale, to sell your condo or to simply learn more about the Seattle Real Estate market.
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