In light of all the press about the increase in home sales in August, I thought I would provide a little analysis for my readers.
There were 432 single family home sales in Seattle in the past 30 days, with a median sale price of $383,000. These homes sold within 33 days of listing (median time) at 98.24% of the asking price. The median home sold with three bedrooms, 1.75 bathrooms and 2,015sf of living space, listed at $399,000.
63 of these sales (15%) were for bank-owned properties. Bank-owned properties sold for a median price of $159,000 for a 3-bedroom, 1.75-bath home with 1440sf of living space.
Non-REO home sales sold for a median price of $428,000 for a 3-bedroom, 2-bath home with 2179sf of living space.
The greatest number of sales (92) occurred in the $300,000 - $400,000 price range. 71% of the sales in Seattle were for homes built prior to 1978. More than half of all sales were for homes built prior to 1947.
There were 152 Seattle condominium sales within the same time frame. The median condominium sale was for a two bedroom, one-bath, 871sf condo listed at $232,450 which sold in 94 days for $226,250 or 96.43% of asking price. 36 of these sales (24%) were for bank-owned condos.
I am happy to do this analysis for any neighborhood in Seattle and will try to update this blog with neighborhood stats for Seattle's favorite neighborhoods. Send me your comments or requests! and Stay Tuned!
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