Q1 2017 Seattle Area Condo Report

Click to view the quarterly condo report for Mercer Island, Seattle and the Greater Eastside.
Published April 2017

Condo Report

Seattle area condos saw the Q1 median sale price increase by 14.5% over Q1 2016, while Eastside condos rose 17.3%. Both regions continue to experience stronger appreciation in condos than in single-family homes—a clear sign that affordability and in-city living are strong drivers in the local housing market.

Downtown Seattle-Belltown, Madison Park-Capitol Hill, and Juanita-Woodinville were nearly tied for the most sales in the Greater Seattle-Eastside region with each having just shy of 120 units sold in Q1.

Overall, the newest condos can be found in Downtown Seattle-Belltown with an average year built of 1998. The largest 2-bedroom condos, with an average of 1,562 square feet, are in West Bellevue.

The most affordable condos, with 2 bedroom units sold for around $259,750, can be found in the Richland Beach-Shoreline neighborhood. On the other hand, Downtown Seattle-Belltown condos sold for an average sale price of $1,150,000.

This report contains information on condo sales by neighborhood for the entire Seattle-Eastside region. The data includes average sale prices; typical size, bedroom count and age of condo buildings in each area; the number of units sold annually; and the average cost per square foot. While every condo building is unique unto itself, looking at overall prices within a region can show general growth trends.

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

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

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