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.