bellevue RESIDENTIAL - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2022
▲ 11% VS 2022
▼ 34% VS 2022
▼ 3% VS 2022
There were 96 residential listings in Bellevue in November, 25% below October and 34% lower than November 2022. November residential sales decreased by 28% month-over-month, to 68, and were 3% below November 2022. The months of inventory for residential in Bellevue, at 1.4, reflected a sellers' market. The residential median price in November was $1,733,000, a 7% increase from October and 11% above November 2022. The average sold price was $2,011,071, 9% below last month and up 3% to November 2022.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
68 96
$1,946,584 $1,561,000 209% 70 146
3% 11% -32% -3% -34%
$2,208,408 $1,623,000 1.4 94 128
-28% -25%
$2,011,071 $1,733,000 1.4
-9% 7% 4%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
152
13
142
146
128
128
144
108
104
99
94
91
106
84
100
96
96
73
89
85
70
59
73
68
68
62
7
7
34
$1.96M
$1.83M
$1.74M $1.85M
$1.68M
$1.66M $1.53M
$1.64M $1.65M $1.62M $1.73M
$1.56M
$1.37M
Nov-22
Oct-23
Nov-23
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
50
5.1
40
30
3.0
20
2.0
2.0
1.6
10
0.4
0.4
0.4
0.4
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M +
MOI INVENTORY SALES
1 3 3.0
1 2 2.0
9 4 0.4
13 5 0.4
11 4 0.4
8 3 0.4
8 13 1.6
8 16 2.0
9 46 5.1
Copyright © December 13, 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of December 13, 2023. All data from Northwest Multiple Listing Service & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
●
10
Made with FlippingBook - professional solution for displaying marketing and sales documents online