The Condo Market is very hot right now. We are seeing condos go on the market and if priced right they are receiving offers within days. Well maintained buildings with a healthy reserve fund have received top dollar for their units in the past month.
The most sales for 2014 occurred with prices in the $200-300 range but the $300-400 range is a very close 2nd! The average list price for the past 3 months is around $355,000.
With May just getting underway, the Magnolia and Queen Anne neighborhoods already have a combined 79 units that have gone on the market. The Downtown and Belltown areas have a combined 122 listings so far for the month of May.
There are 8 units that have closed already in Belltown & Downtown, and there are 6 listings that have already closed in the Magnolia/Queen Anne Neighborhood. So there are still plenty of units to view but be quick as they are selling fast! If you’re interested in learning more about the Seattle condo market, feel free to contact me at anytime.