It’s Friday, let’s sweep! | a guest blogger + signs of spring?

Feb 19th, 2019. Out of curiosity I’ve started pulling these stats from time to time to get a running snapshot of how the market is starting to change as we head into the spring. I just looked at closed stats for the past two weeks within the Seattle city limits, broken down by houses & townhomes vs. condos. Here’s what I found:

Houses & townhomes:

• There were 93 total closings in the last 2 weeks
• 24 (26%) sold for 1% or more over list
• 21 (22%) sold for 99-101% of list
• 15 (16%) sold for 95-99% of list
• 20 (22%) sold for 90-95% of list
• 13 (14%) sold for less than 90% of list

 

• Taking all of that into account, in the past two weeks 26% of houses and townhomes in Seattle closed above list, 22% closed at list or within 1% of it, and 52% closed below list.
• Of the houses that closed for more than list, 14 of them (58% of the total) closed for 1-5% over list; 4 (16%) sold for 5-10% over list; 5 (21%) sold for 10-20% over list; and 1 house (1400905) sold for 23.3% over list.

Condos:

• There were 37 total closings in the last 2 weeks
• 4 (11%) sold for 1% or more over list
• 13 (35%) sold for 99-101% of list
• 6 (16%) sold for 95-99% of list
• 6 (16%) sold for 90-95% of list
• 8 (22%) sold for less than 90% of list

 

• Taking all of that into account, in the past two weeks 11% of condos in Seattle closed above list, 35% closed at list or within 1% of it, and 54% closed below list.
• Of the condos that sold for more than list price, three sold for between 1-2% over list and one (1404681) sold for 3.8% over list.

Sol Villarreal
Broker, Windermere Real Estate
206-765-6108 | solvillarreal.com