Co-ops sell for 49% less than condos.
Co-ops are a different beast from condos. The differences are far and wide, and we will cover that in a different blog. For today, let’s look at the average sold price for condos and co-ops in Seattle over the past years:
As you can see, co-ops follow the same progression of market ups and downs, but do so at a much lower price point. 49% lower to be exact:
Can we now see why Co-ops are so much less expensive than condos?