Although there’s no way to establish a trend from one new townhouse project, the Northwest Multiple Listing Service has released their full set of data for July, showing a 7.55% increase in price on closed sales in the Central Area.
Median sale price was $570,000, compared to $530,000 a year ago. Note that the data includes pricey waterfront areas of Leschi and Madrona, which accounts for the high price levels.
That came on top of a 25% increase in the number of closed sales, and an 8% increase in total listing activity.
Redfin’s data shows a mix of up and down prices for smaller chunks of the neighborhood: (note that the number of sales gets small at this level, leading to larger swings in the data)