All you have to do is take a drive around Seattle to know there is a whole lot more condominium inventory around town right now then there was this time last year. But The Mark Company backs that feeling up with their newly-launched Condominium Pricing Index, which shows Seattle condo prices rose 15% in December 2013 over the previous year.
They put new condo pricing at $687/square foot in December, down 3% from November. That price drops to $531/square foot for resales.
New construction inventory was up over 400% from a year ago, with 321 units available thanks to newer projects such as Insignia and demand for reliable places like Escala and Four Seasons Residences. Check out these trends and more here.
· The Mark Company Trend Sheet [Rubenstein]