Seattle rennie review - May 2022

bellevue

NEW CONSTRUCTION CONDO - APRIL 2022

AVERAGE PRICE

AVERAGE PSF PRICE

MEDIAN PRICE

HOMES FOR SALE

CLOSED SALES

MONTHS OF INVENTORY 2.0 BALANCED

MARKET SUMMARY ›

20 % DOWN

91 % DOWN

42 % DOWN

17 % DOWN

86 % DOWN

The number of new construction condo homes for sale in Bellevue, at 2, is up 100% vs March, and 86% lower year-over-year. April’s new construction condo closed sales, at 1, was 86% lower than last month’s 7 sales and 91% lower than April 2021. There was 2.0 months of inventory in April, reflect- ing seller’s market conditions. The new construction condo median sold price in April was $1.28M, down 4% vs March, and down 17% from April 2021. The average sold price was $1.28M with an average PSF sales price of $771 (down 6% and down 8%, respectively, vs March).

VS 2021

VS 2021

VS 2021

VS 2021

VS 2021

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AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND ›

CLOSED SALES

HOMES FOR SALE

MEDIAN PRICE















 

























HOMES FOR SALE & CLOSED SALES BY PRICE RANGE

NUMBER OF BEDROOMS ›

CLOSED SALES

HOMES FOR SALE

MONTHS OF INVENTORY

CLOSED SALES HOMES FOR SALE



  





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Copyright © 2021 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 May 10, 2022. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 10

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