belevue
RESIDENTIAL-AUGUST202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE ▲ 258% VS 2021
MONTHS OF INVENTORY 2.4 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein Belevuein August,at186,was10% lower than lastm onth and 258% higherthan last year. W ith 76 in A ugust,residentialclosed sales were3% lowerm onth-over-m onth,and down 44% year-over-year. Therewas2.4m onthsofinventoryfor residentialhom esin A ugust,reflecting selers' m arketconditions. Them edian sold pricein Augustwas $1,590,000,6% below July,and 6% abovevs August2021. Theaveragesold pricewas$1,744,011,15% below lastm onth,and 16% lowerthan last year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 6% VS 2021
▼ 16% VS 2021
▼ 44% VS 2021
PREVIOUSYEAR
PREVIOUSMONTH
THISMONTH No. $1,744,011 $1,590,000 2.4 76 186 -
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$2,066,071 $1,503,300 0.4 136 52 -
-16% 6% 540% -44% 258%
$2,048,228 $1,700,000 2.6 78 206
-15% -6% -7% -3% -10%
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
2.36
2.30
2.04
$2,110,609
$1,835,000 $1,880,000
$1,650,000
$1,590,000
$1,503,300 $1,600,000
206
180
186
136 134 117
127
103
103
104
95
73
123
76
44 47
93
78
52
15
13
54
51 39
20 31
Aug.-21 Jul.-22 Aug.-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
50 60
8.8
40
5.8
30
20
2.1
1.7
1.4
1.3
0 10
0.5
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
M onthsofInv. Closed Sales H om esforSale
2 4 0.5
4 3 1.3
45 27 1.7
42 20 2.1
17 12 1.4
23 4 5.8
53 6 8.8
0 0
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