Steady as she goes. The Seattle-Metro residential market has grown in very incremental steps with a modest 8% increase in average cost per square foot.
Average sale prices were up 4% to $570,263 from $548,011 during the second quarter of last year. Multiple offers tend to be the norm in most Seattle price ranges causing the average list price to sales price ratio to climb to a noteworthy 102%.
Seattle condo sales have been booming with 761 units sold in the second quarter compared to 723 for the same period last year. The average cost per square foot has increased to $388 from $342 during that same period.
Click here for the full report and to see how prices have changed in your neighborhood!
© Copyright 2014, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.