Monday, August 3, 2009

King County Condominium Sales Data - July 2009 & 2008

In July 2009, 384 condos sold in King County. The median sales price was $250,000 or $247 per square foot and a median days on the market of 50 days.

This compare with the previous July where 459 condos sold, for a median price of $268,000 or $276 per square foot and a median of 49 days on the market.

When comparing July 2009 with July 2008, the days on the market went almost unchanged (up only 1 day from 2008), but the total sales were down and the price per square foot was down a little over 10%.

The July 2009 numbers are very similar from the previous month's numbers (see my blog dated July 7th on the June data). The number with the biggest change is the number of units sold which is down about 5% from the 406 condos sold in June 2009, but compared to last June and July that is a minor drop in the number of sales when sales dropped over 12%.

From this data, one could conclude that prices have been steady the last two months and the pricing is reasonable especially when compared to last year.


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