February 2012 Seattle condo market data is in.  Here are the most interesting takeaways and some nice charts.

Good News

  • Number of sales from January 2012 to February 2012 was up about 5%.
  • Year-over-year sale volume from February 2011 to February 2012 were up about 15%.

 Mixed News

  • Prices overall looked weak with February 2012 median prices coming in at $202,000 (last few months of 2011 were in the $230-40K range).
  • West Seattle and Ballard/Green Lake had the biggest pricing pressure with median closed sale prices sinking from $202K to $112K in West Seattle and from $209K to $147K in Ballard/Green Lake.
  • Not all neighborhoods faired badly.  In fact, median prices in Belltown/Downtown jumped considerably from $363K in January to $405K in February.  Queen Anne/Magnolia also showed nice strength in pricing with median closed prices rising from $171K to $190K from January to February.

Feb 2012 Neighborhood Stats

Seattle Condo Sales M-O-M

Seattle Condo Sales  Y-O-Y

Seattle Condo Median Prices M-O-M

Seattle Condo Median Prices Y-O-Y

Seattle Condo Listings M-O-M

Seattle Condo Listings Y-O-Y 

By Wendy Leung with Seattle Condo Review. A guide to Seattle condos exclusively for buyers and sellers.