Belltown Condo Report – November 2023

The Downtown Seattle/Belltown condo market (hereafter referred to as Belltown), like the rest of the greater Seattle real estate market, has less sales transactions than a year ago, but prices are up.  Last November, there were 24 sales in Belltown for a median price of just under $525,000.  In November 2023, there were 19 sales with a median price of $595,000.  

Last year, there were more Seattle luxury condo sales.  There were two off-market deals for over $2 million including a sale by Ewing & Clark.   That sale was for 2,800+ sq ft condo In Waterfront Landings that closed for $2.320 million.  While there were large off market sales last November, there was only one listed condo that sold for over $1 million.  That was an Insignia condo that closed for $1,069,000.  In contrast, this November, there were 3 sales over $1 million, but the highest sale was $1,175,000 versus the two unlisted $2 million sales last year.