I took a look at March 2013 data and pretty much every neighborhood has the same story. Sales up. Median prices up. Inventory flat.
If you were one of those condo investors waiting for the market to pick up to avoid having to have a unit sit on the market too long, your time may have come. You'll not reap huge windfalls from a pricing point of view but you'll certainly see some action and at a price that's considerably more than you would have gotten a year ago.
In terms of neighborhoods, Belltown/Downtown and Queen Anne/Magnolia both had almost double the units sold in March as they did in Feb but number of listings available was either flat or down versus February.
Queen Anne/ Magnolia
Capitol Hill/ Madison/ Central
( Data from NWMLS and are deemed reliable but not guaranteed. )
By Wendy Leung with Seattle Condo Review: A guide to Seattle Condos and Downtown Seattle Condos exclusively for buyers and sellers.
Wow. Hopefully, that isn’t just a one-time swing. It would seem that the season is just starting too so here’s hoping to a strong year. The Belltown median price seems like a new high