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Q3 2016 Seattle Area Condo Report

 

While every condo building is unique unto itself, looking at overall prices within a region can show general growth trends. Looking at regional prices, the average sale price of Seattle area condos was 20.6% higher than in Q3 of 2015, and Eastside condos rose 9.5% during the same period.

The average sale price of a typical 2-bedroom condo was up the highest in the Seattle communities of Madison Park-Capitol Hill (25.5%), North Seattle (24.9%), and Downtown-Belltown (23.1%) over Q3 2015. On the Eastside, West Bellevue (24.2%), Juanita-Woodinville (22.5%), and South Bellevue-Issaquah (21.4%) posted the highest year-over-year gains.

When it comes to the overall volume of sales, Seattle at a record-breaking 1202 sales in Q3, was up nearly 18% over the strong second quarter of this year. The Eastside, with 785 sales, was down from 839 sales in Q2.

Looking for a small studio? You’re most likely to find one in Madison Park or Capitol Hill. Want to stretch out into a spacious 3-bedroom floor plan? East of Lake Sammamish is where the largest units can be found.

Check out all of these factoids and more in the full condo report.

 

© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

Posted on October 10, 2016 at 8:16 am
Julie Barrows | Category: Condo Reports, Real Estate | Tagged , , , , , ,

Q2 2016 Seattle Area Condo Report

Condo buildings are like neighborhoods all unto their own. Each has its own unique characteristics that make up the flavor of the individual units that reside there. Be it modern and edgy or traditional and quaint, fresh-looking or dated, well-maintained or in need of a little TLC, the condominium association and its members together decide what their “neighborhood” will look and feel like. Couple that with reserve studies, savings for capital improvements, usage restrictions, and lending regulations which decide which condos will be approved for financing and which won’t, it’s easy to see why a broad overview of data and appreciation rates might miss the mark. Some condo neighborhoods with favorable conditions and amenities will be a hotbed of activity while other may sit stagnant for months.

Looking at prices from the thousand-foot level, Seattle area condos appreciated 16.1% from Q2 of 2015 to Q2 of 2016 while Eastside condos rose 9.7% during the same period. The Seattle communities of Beacon Hill, Leschi, Mount Baker, Seward Park and Lake Forest Park-Kenmore were hotbeds of activity and saw prices increase 30% or more overall (keeping in mind that some buildings faired far better than others). On the Eastside, the South Bellevue, Issaquah, Lakemont, Juanita and Woodinville areas all had sale prices that were 28-30% higher than those of Q2 2015.

Madison Park, Capitol Hill, Richland, and Shoreline had the smallest increase in average sale price in Seattle while Redmond-Carnation and Kirkland-Bridle Trails had the smallest increase on the Eastside for Q2.

Downtown Seattle-Belltown led the pack with 270 closed sales for the quarter, followed by Madison Park-Capitol Hill (203) and East Lake Sammamish (183). Overall, the newest condos can be found in Ballard-Greenlake and East Lake Sammamish while the largest ones can be found in West Bellevue and Downtown-Belltown. Looking for a small studio? You’re most likely to find one in Madison Park or Capitol Hill. Want to stretch out into a spacious 3-bedroom floor plan? East of Lake Sammamish is where the largest units can be found.

Check out all of these factoids and more in the full condo report.

 

© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

Posted on July 13, 2016 at 2:46 pm
Julie Barrows | Category: Condo Reports, Real Estate | Tagged , , , , , , , , , , , , , , , ,

Q1 2016 Seattle Area Condo Report

The Q1 2016 Condo Report contains information on condo sales by neighborhood for the entire Seattle-Eastside region. The data includes average prices; typical size, bedroom count and age of condo buildings in each area; the number of units sold annually; and the average cost per square foot. It is an invaluable resource to utilize in your condo search.

Click here for the full report!


© Copyright 2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

Posted on April 13, 2016 at 2:07 pm
Julie Barrows | Category: Condo Reports, Real Estate | Tagged , , , , , , , , , , , , , , ,

2015 Condo Report for Greater Seattle and the Eastside

The 2015 Condo Report contains information on condo sales by neighborhood for the entire Seattle-Eastside region. The data includes average prices; typical size, bedroom count and age of condo buildings in each area; the number of units sold annually; and the average cost per square foot. It is an invaluable resource to utilize in your condo search.

Click here for the full report!


 

© Copyright 2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

Posted on January 15, 2016 at 7:52 am
Julie Barrows | Category: Condo Reports, Real Estate | Tagged , , , , , , , , , , , , , , ,

2014 Seattle-Eastside Condo Report

The 2014 Condo Report contains information on condo sales by neighborhood for the entire Seattle-Eastside region. The data includes average prices; typical size, bedroom count and age of condo buildings in each area; the number of units sold annually and the average cost per square foot. It is an invaluable resource to utilize in your condo search.

Click here for the full report!

© Copyright 2015, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

Posted on January 12, 2015 at 4:54 pm
Julie Barrows | Category: Condo Reports, Real Estate | Tagged , , , , , , , , , , , , , , , , ,