According to the Seattle Condo Blog, Seattle Condo market showed robust activity through the first quarter of 2012 (January – March). Compared to first quarter 2011, closed condo sales increased 9.2% to 404 units. In different neighborhoods, “South and Northeast Seattle reflected highest increase in closed sales, doubling the number of units sold. Queen Anne / Magnolia and the downtown area realized fewer sales in the quarter compared to last year. South Seattle was the only area in the city that exhibited improvement in the median sales price, while Queen Anne / Magnolia had the largest decline. The blog also pointed out that the market has changed significantly over the past 2 months and the initial numbers for April sales are showing a great deal of improvement comparing to the first quarter.
Like Seattle, condominiums in downtown Bellevue also suggested rather positive sales trend the first quarter as well. Here is some statistics for the three remaining new construction condominiums in downtown.
” 1. Bellevue Towers
Sales Activity 2012: 55
Total Sales %: 58% Sold
2. One Main Street
Sales Activity 2012: 6
Total Sales %: 96% with 5 homes remaining
3. Washington Square
Sales Activity 2012: 55
Total Sales %: 58% sold.
Links:
First Quarter 2012 Seattle Condo Report
Seattle “New” Condo Round-Up
