Seattle’s average sale price for residential homes actually rose to 101% of the listed price–driven by intense competition and multiple offers throughout much of the market.
The cost per square foot remained relatively unchanged while the average sales price of $533,972 is up 12.5% from $474,633 for the same quarter last year. The median price of $455,000 is up 11.8% from the median of $407,000 last year. Seattle had 2447 residential homes close in the third quarter as compared to 1855 in the same period last year.
One could say the Seattle condo market is certainly recovering well from the economic crisis of days gone by! Condominium sales are up–with an average cost per square foot of $347 for the quarter compared to $312 during the same quarter a year ago. Average sales prices are up 10.7% to $331,666 and median prices up 13.9% to $279,000 compared with the same quarter last year.
Click here for the full report and to see how prices have changed in your neighborhood!
© Copyright 2013, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.