April 2010 numbers are in for the Seattle condo market and they're strong, really strong.  There was probably a lot of mojo from the first-time homebuyer's tax credit which expired on May 1 so will be interesting to see how things pan out this month but if it's anything like April, we're doing a happy dance.

Some April highlights:

  • Overall, Seattle condo pending sales were up 65% and closed sales were up 80% versus last year. This was the seventh straight month of positive year over year closed sales.
  • Belltown/Downtown was on fire.  Seriously.  Belltown/Downtown pending sales were up 210% versus April 2009.  Belltown/Downtown closed sales were up 160% versus April 2009.  Meanwhile, bubble watchers should find some comfort in the fact that despite all the activity, prices remained stable and up only 2.61% versus last year.
  • Not every neighborhood was in perfect shape.  Ballard/Greenlake closed sales were up but "only" 8% versus last year. Ballard/Greenlake median closed prices took a hit at over 20% lower than April 2009.