bellevue PREVIOUSLY - OWNED CONDO - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 7% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 7% VS 2022
▼ 5% VS 2022
▼ 7% VS 2022
▼ 7% VS 2022
There were 63 condo listings in Bellevue in November, 11% below October and 7% lower than November 2022. November condo sales decreased by 12% month-over-month, to 30, and were 7% above November 2022. The months of inventory for condos in Bellevue, at 2.1, reflected a sellers' market. The condo median price in November was $601,750, a 0.8% decrease from October and 7% below November 2022. The average sold price was $712,977, 10% below last month; the average PSF sale price was $609, down 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
30 63
28 68
-7% -5% -7% -14% 7% -7%
34 71
-2% -10% -0.8% 0.6% -12% -11%
$609 $712,977 $601,750 2.1
$658 $750,723 $646,000 243%
$623 $794,437 $606,500 2.1
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
78
27
71
68
24
63
67
55 46
55
52
51
56
44
53
49
39
47
44
44
41
25
30
34
28
29
29
18
12
$765K
$700K
$685K
$681K
$675K
$660K
$646K
$610K
$607K
$602K
$565K
$536K
$485K
Nov-22
Oct-23
Nov-23
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
20
1
5.0
4+ bdrms
15
3.5
3.5
3
3.0
3 bdrms
11
10
1.6
1.5
1.2
1.0
18
2 bdrms
5
36
0
8
<2 bdrms
<$400K $400-$499K $500-$599K $600-699K $700-799K $800-899K $800-999K $1.0M-1.24M $1.25M + MOI INVENTORY SALES
16
4 6 1.5
6 6 1.0
5 8 1.6
5 6 1.2
2 7 3.5
1 3 3.0
1 0 n/a
2 7 3.5
4 20 5.0
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. 11 ●
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