Q3 2016 Seattle Area Condo Report

While every condo building is unique unto itself, looking at overall prices within a region can show general growth trends. Looking at regional prices, the average sale price of Seattle area condos was 20.6% higher than in Q3 of 2015, and Eastside condos rose 9.5% during the same period.

The average sale price of a typical 2-bedroom condo was up the highest in the Seattle communities of Madison Park-Capitol Hill (25.5%), North Seattle (24.9%), and Downtown-Belltown (23.1%) over Q3 2015. On the Eastside, West Bellevue (24.2%), Juanita-Woodinville (22.5%), and South Bellevue-Issaquah (21.4%) posted the highest year-over-year gains.

When it comes to the overall volume of sales, Seattle at a record-breaking 1202 sales in Q3, was up nearly 18% over the strong second quarter of this year. The Eastside, with 785 sales, was down from 839 sales in Q2.

Looking for a small studio? You’re most likely to find one in Madison Park or Capitol Hill. Want to stretch out into a spacious 3-bedroom floor plan? East of Lake Sammamish is where the largest units can be found.

Check out all of these factoids and more in the full condo report.

© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

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