As one of the hottest real estate markets in the country, Seattle home values continue to rise; the Case-Shiller home price index recently reported that values are up 85 percent since 2012, and 12.7 percent since February last year.
The increase shows in the sales of homes and condos from last year as well. Not only have more homes and condos been listed in April 2018 versus 2017, the average sale price is greater by more than $100,000 for both single-family homes and condos.
In April last year, there were 416 houses listed for sale compared with 427 listings last month. The average sale price in April 2017 was $138,493 less than the average price last month: $1,045,199. Last month’s top three greatest sale prices were all higher than the top sale price in April last year, which was $3,050,000. The top sale price for a single-family home sold last month was $5,100,000.
A total of 211 condominiums were listed in April 2018, which was 27 more listings than those placed on the market in the same month last year. The average sale price last month was $628,249, up $108,259 from the April 2017 average sale price of $519,990. The most pricey condo sold in April 2018 was $3,542,025, compared with the top sale price in April last year: $2,250,000.
A total of 715 Seattle homes are active listings right now, with 784 listings pending sale.
Professional knowledge and guidance is crucial when you’re looking for your new home in Seattle. Our team of experienced, customer-focused brokers and leasing agents can help you navigate the process and find your next dream home. Contact us to get started!
This data is pulled from the NWMLS including neighborhoods Arboretum, Ballard, Beacon Hill, Belltown, Belvedere Terrace, Bitter Lake, Blue Ridge, Broadmoor, Broadview, Broadway, Capitol Hill, Cedar Park, Central Area, Columbia City, Crown Hill, Denny Blaine, Downtown, Dunlap, East Union, Eastlake, First Hill, Fort Lawton, Fremont, Georgetown, Green Lake, Greenwood, Haller Lake, Hawthorne Hills, Interbay, International District, Iverness, Jackson Park, Jefferson Park, Judkins, Lake City, Lake Union, Laurelhurst, Leschi, Licton Springs, Loyal Heights, Madison Park, Madison Valley, Madrona, Magnolia, Magnolia Bluff, Maple Leaf, Matthews Beach, Meadowbrook, Montlake, N. Beacon Hill, North Beach, North Capitol Hill, Northgate, Olympic Hills, Olympic Manor, Phinney Ridge, Pinehurst, Pioneer Square, Portage Bay, Queen Anne, Ravenna, Roanoke Park, Roosevelt, Safeco Field, Sand Point, Seattle, Sodo, South Lake Union, Sunset Hill, The Highlands, Times Square, University District, Victory Heights, View Ridge, Wallingford, Washington Park, Wedgwood, Westlake, Whittier, Windermere, and Woodland Park.