real estate mercer island Seattle eastside luxury market residential stats waterfront Condo - Windermere Mercer Island

Condo

Q2 2017 REVIEW

Condo Report

The Q2 median sale price increased by 14.6% in Seattle and 17.2% on the Eastside over Q2 2016. The total number of condo sales on the Eastside remained about the same (829) while the number of units sold in Seattle (845) was down 17% from Q2 of last year. Fewer units available for sale in Seattle was the biggest contributing factor.

In Q2, East Lake Sammamish had the newest condos with an average year built of 1998. The largest 2-bedroom condos, with an average of 1,371 square feet, were in the Downtown/Belltown area. The most affordable condos, with 2-bedroom units sold for around $247,000, can be found in the Lake Forest Park-Kenmore neighborhood. The highest priced condos were in Downtown Seattle-Belltown condos sold for an average sale price of $905,000.

This report contains information on condo sales by neighborhood for the entire Seattle-Eastside region. The data includes average sale 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. While every condo building is unique unto itself, looking at overall prices within a region can show general growth trends.

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

 

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.