bellevue
RES IDENT IAL MAY
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
6 % DOWN
8 % DOWN
41 % DOWN
56 % DOWN
-
2.3 SELLER’S
There were 156 residential homes for sale in the Bellevue market area in May, 22% above last month but 41% lower vs May 2019. Residential closed sales increased by 3% month-over-month, to 68, but were 56% lower year-over-year. There was 2.3 months of inventory for residential homes in May, reflecting seller’s market conditions. The median sold price in May was $1.01M, 7% below the previous month and an 8% decrease vs last year. The average sold price for residential homes was $1.20M, 8% lower month-over-month and 6% lower vs May of last year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 128
% Change
No. 264 155 1.7
% Change
HOMES FOR SALE
156
22%
-41% -56% 35%
CLOSED SALES
68
66
3%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
2.3
1.9
18%
$1,014,500 $1,095,000 $1,198,082 $1,304,758
-7% $1,100,000 -8% $1,273,809
-8% -6%
AVERAGE PRICE PSF
-
-
-
-
-
RATIO OF MEDIAN PRICES ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
MILLIONS
$1.37
$1.21
$1.14 $1.14
$1.10
$1.06
$1.01
1.85
1.80
1.63
264
251
223
156
134
128
155
134
68
103
81
75
68
42
May-19
Apr-20
May-20
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2020 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 June 12, 2020. All data from Northwest Multiple Listing Serivce & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 8
Made with FlippingBook - professional solution for displaying marketing and sales documents online