November 2019 Real Estate Report for Seattle Neighborhoods
Although it is too soon to predict whether home prices will continue to increase, Seattle’s increasing home prices are rising at a slower rate than the rest of the country. This November, the number of closed residential home listings increased substantially, with the average sale price higher than 2018’s as well. Condominium sales, on the other hand, decreased.
November of this year saw an increase from 2018’s November residential home listings, from one listing in 2018 to 15 closed home listings this year. The average sale price for residential homes that sold this November was $783,560, a bit more expensive than last November’s listing sale price of $515,000, keeping in mind that 2018 only had one residential home listing. This month the highest sold listing sold at a price of $1,537,000.
Only three condominium sales closed this November, compared to the five listings in November of 2018. The average sale price for condos last month was significantly less than last year’s average, at $422,483 — almost half of last year’s average sale price of $827,357. The three condos listed this November sold at $337,500, $460,000, and $469,950.
As of today, there are a total of 979 active and available real estate listings, with 550 Seattle home and condo listings that are pending sale.
When you’re ready to list your home for sale or begin searching for your next dream home, professional expertise is key. Ewing and Clark’s knowledgeable and experienced brokers and leasing agents are just the partners you need to navigate Seattle’s busy real estate market. Contact us to get started!