The Seattle market has become a very strong seller's market with an average list-to-sale price ratio of 100% and bidding wars occurring more often than not.
The median price of $420,000 is up 15% from $366,000 a year ago. The average sales price is up about 9% for the same period. The cost per square foot increased to $236 from $215 in the same quarter last year.
Condominium sales have been very brisk with the median sales price up an incredible 31% over the 1st quarter of 2012. The average condo cost per sq ft in Seattle now averages $352–up from $314 last year.
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© Copyright 2013, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.