bellevue
CONDO MAY
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
18 % DOWN
75 % DOWN
18 % UP
15 % UP
5 % UP
3.2 SELLER’S
The number of condo homes for sale in Bellevue, at 83, were up 6% month-over-month but fell 18% vs last year. May’s condo closed sales, at 26, were 42% below last month and 75% lower than last year. There was 3.2 months of inventory for condos in May, reflecting seller’s market conditions. The condo median sold price in May was $620,500, up 1.9% vs April and a 5% increase from May 2019. The average sold price was $828,177 with an aver- age PSF sales price of $626 (16% and 5% higher, respectively, vs April).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 101 102 1.0
% Change
HOMES FOR SALE
83 26
78 45
6%
-18% -75% 222%
CLOSED SALES
-42% 84%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
3.2
1.7
$620,500 $609,000 $828,177 $715,295
1.9% $593,100 16% $699,658
5%
18% 15%
$626
$594
5%
$542
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$665,000
$620,500
$593,100 $622,000 $607,500
$572,500
$484,000
114
102
96
83
73
101
62
32 32
60
55
54
47
26
BELLEVUE KING COUNTY
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS ›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
5
3+ bdrms
21
SELLER'S MARKET
BALANCED
13
BUYER'S MARKET
2 bdrms
41
8
. . . . 0 0 0 0 QD
<2 bdrms
21
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 9
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