Luxury Market Report

Posted: April 10th, 2014 by Brad

Luxury home sales are alive and well in King County. Luxury refers to residential real estate valued at $750,000 or greater. Whether homes or condos, the luxury market appears to be well balanced between buyers and sellers with inventory around three and a half to five months of supply. The following stats provide a quick snapshot of each market.
 
King County Luxe Homes
Months of Supply: 3.4
Median Sale Price: $1.136 Million
Highest 1st Quarter Sale Price: $9.1 Million
Hunts Point Waterfront Home
 
King County Luxe Condos
Months of Supply: 4.9
Median Sale Price: $1.119
Highest 1st Quarter Sale Price: $2.275 Million
Downtown Seattle Water View Condo

Curious about current market conditions in your neighborhood or what you’re home is worth? Give us a call 866.766.7325.

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