I realize that I should be moving on from reviewing real estate data from 2015 by now. We are 21 days into a new year and it’s time to move forward. But I just had one last question….
What is the most common price range in Seattle?
I know what price range most of my clients are in. I know that inventory is terribly tight in all price ranges under $1 million. But I wanted to know, in 2015, IN Seattle, where was the money really spent?
Single Family Homes:
The most “popular” price range for single family homes in Seattle was the $400,000 – $499,000 range with 1,460 total homes sold in that price range last year.
It blows my mind that we had 2 sales under $100,000 last year. It is also equally stunning that we had 524 homes sell for over $1.2 million. This is an expensive town we are in!
Condos in Seattle:
The most “popular” price range for condos was a $200,000 – $299,000 with 747 condos selling in that price range in 2015.
Condos have the most movement in the entry level price range. With almost 400 condos sold under $200,000 last year, condos are still the most accessible option for those searching for a lower price point.
So now we know. I wonder what these numbers will look like at the end of 2016???