Downtown Seattle Condo Market Numbers - May 2009
There are 147 active condo listings in Downtown Seattle right now that are available for sale! They range in price from $199,950 for a zero bedroom/1 bath Downtown Seattle Studio just on the other side of I-5 to a private residence at the Four Seasons for $8,706,000 with a couple more luxury Downtown Seattle Condos over that 8 million dollar mark. Despite those glorious luxury condos with full on Puget Sound views over the bay, the average listing price right now for Downtown Seattle real estate is $1,152,934 and the median is $629,000. Average square footage is 1475 and median is 1151.
Prices have come down this year in the downtown area. That combined with the sheer volume of listings at this time is making it appealing for someone wanting to get their foot into this market. You can buy a very nice Downtown Seattle condo in the $400,000 to $500,000 range right now!
There are currently 25 pending Downtown Seattle condos in the MLS as of today. They range in price from $249,000 to $11,000,000 with an average of $1,521,199 and a median list price of $775,000. The average days on market for these pending sales that have not closed yet is 75 days with a range of 0 to 305 and median of 35 days.
Sales for the year so far are at 21 condos in the Downtown area with a few biggies in there, but one in particular which was listed for 12,000,000 and sold for $9,750,000 apparently on the same day it was listed and for cash. Final sales prices for these closed sales range 
from $215,000 to $9,750.000 with an average of $1,361,590 and a median of $535,000. The average days on market was 75 days with a range of 0 days to 225 and a median of 56 days. Average listing price per square feet on these was $841 and average selling price per square feet is $771.
Nearby Seattle real estate by neighborhood:
Pioneer Square lofts, Belltown condos, Capitol Hill homes, Eastlake real estate
Are you interested in other Seattle homes? realestate@cooperjacobs.com
Courtney Cooper
Seattle Realtor, Owner/Designated Broker/EcoBroker
Cooper Jacobs Real Estate
206-850-8841
(Seattle real estate - search all MLS listings from all companies for FREE), SeattleAfloat.com (Seattle Houseboats), GreenLakeLoop.com (Green Lake Blog), QueenAnneBoulevard.com (Queen Anne Blog), MagnoliaView.com (Magnolia Neighborhood Blog)
About Me:
Seattle real estate has been a big part of my life for well over a decade since I began my career in real estate,but also before that time when I was in the process of purchasing my own first home. Buying your first home can be quite overwhelming,but I have managed to help many first time home buyers along the way.
Move up Seattle buyers and other types of specialized purchasing is a great passion of mine! I love Seattle houseboats and you can find me down on the docks of Lake Union and Portage Bay several times a week. Other aspects of Seattle real estate that I adore include Queen Anne Real Estate,Wallingford Real Estate, Ballard Real Estate, Green Lake Real Estate, Laurelhurst Real Estate, Magnolia Real Estate,andSeattle Waterfront Real Estate.
In addition to being a Seattle residential broker and founder of Cooper Jacobs & Seattle Afloat, I am also a member of CBA (Commercial Brokers Association) and head of the Cooper Jacobs Commercial Division in an effort to provide excellent commercial real estate services to the Seattle commercial real estate industry. With a background in accounting and management, it is my great pleasure to coordinate our Seattle commercial brokers.
About Cooper Jacobs Real Estate's Seattle Branch:
My office at Cooper Jacobs Real Estate LLC is located centrally near all my favorite Puget Sound neighborhoods just a few blocks up from Lake Union in Seattle’s Wallingford. Cooper Jacobs Real Estate is a wonderful place filled with talented Seattle real estate brokers and I count myself extremely lucky that I get to spend so much time with these wonderful people. We specialize in different Seattle neighborhoods and suburbs in both residential and commercial real estate and are all very passionate and excited about each of our favorite Seattle neighborhoods and industries!
©Courtney Cooper ©Cooper Jacobs Real Estate LLC
