Home News Releases Polaris Pacific: Seattle Condominium Market, June 2015

Polaris Pacific: Seattle Condominium Market, June 2015

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Annual Price and Sales Changes by District

The maps below (Figures 1 & 2) show annual percentage changes in median price and total sales by district. Most districts in Seattle experienced both an increase in median price and number of resales. The most notable year-over-year price increase occurred in District 2 (17.9%) and the most notable sales increase occurred in District 9 (45.9%).

Current Prices and Sales by District

Figure 3 shows a box-and-whisker plot of sales prices by district during the three-month period ending May 31, 2015, with wider boxes indicating more sales. As shown below, District 10 (Bellevue) had the highest median price ($550,000), while District 11 (Kirkland) had the lowest ($263,450). District 1 (Downtown / Belltown) and District 11 (Kirkland) experienced the most sales during this period (159 and 191 sales, respectively).

Historical Prices and Sales

During the three-month period ending May 31, the median price increased 5.4 percent from the prior year to $341,500. At the same time, the total volume of resales increased 6.2 percent. The median price has rebounded from 2012 (see Figure 4) and is expected to appreciate further.