I recently looked at some current MLS data to see how different key Seattle condo neighborhoods compared at different price points.
Below is the chart and some key takeaways from my point of view. Hope it's helpful and interesting to you!
- Except for the >$800K segment, we are definitely in a sellers' market with only a few months of inventory for condos <$800k.
- The $300-500K price point in Belltown/Downtown and entry level price points in Capitol Hill, et al. are the hot segments right now from a number of units sold point of view.
- The one pro-buyer segment is the top end. If you are a buyer and are looking for a condo >$800K in Belltown/Downtown, you've got almost 50 units to choose from and sellers bracing themselves to have the units be on the market for almost half a year so take your pick. Everyone else in the <$800K segments will be more worried about finding a unit and real buyer competition.
(Data from NWMLS and are deemed reliable but not guaranteed. Co-op's are removed from the data. Sold listings refer to listings sold over the last 6 months. )