We’re back with another market update for Area 701—Which is known as: Downtown, Belltown, Pioneer Square, and South Lake Union.
• Area 701 currently has 232 active condos on the market—about 49 coming from the new construction buildings—leaving us with the resale number around 183 condos.
• In the last 14 days we’ve about 21 condos go pending giving us a total of 52 pending.
• 19 homes have sold in the last 14 days, with an average of 38 days on market.
• They’re also selling at 96 percent of their list price, which means there is some room for negotiation and inventory to choose from for buyers.
• SELLERS: Budget for that 30-60 days on market window as long as you’re priced where you need to be—and working with an agent who understands the downtown market.
• BUYERS: If you see something that catches your eye, go ahead and jump on it because it might not be there for you as homeowners choose to take their properties off the market as we head into September-October.
Please reach out if you have any questions or would like to chat about navigating the market this year. We’re ready to help and lend our expertise.