belevue
RESIDENTIAL-OCTOBER202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE ▲ 385% VS 2021
MONTHS OF INVENTORY 2.4 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein Belevuein O ctober,at189,was4% lower than lastm onth and 385% higherthan last year. W ith 79 in O ctober,residentialclosed sales were19% lowerm onth-over-m onth,and down 32% year-over-year. Therewas2.4m onthsofinventoryfor residentialhom esin O ctober,reflecting selers'm arketconditions. Them edian sold pricein O ctoberwas $1,480,000,10% below Septem ber,and 8% below vsO ctober2021. Theaveragesold pricewas$1,892,812,1% below lastm onth,and 10% lowerthan last year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 8% VS 2021
▼ 10% VS 2021
▼ 32% VS 2021
PREVIOUSYEAR
PREVIOUSMONTH
THISMONTH No. $1,892,812 $1,480,000 2.4 79 189 -
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$2,104,634 $1,600,000 0.3 117 39 -
-10% -8% 618% -32% 385%
$1,920,943 $1,650,000 2.0 97 197
-1.5% -10% 18% -19% -4%
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
2.40
2.34
2.24
$1,835,000 $1,870,230
$2,110,609
$1,600,000
$1,480,000
$1,600,000 $1,650,000
199
189
197
177
189
117
125
102
103
104
97
95
73
77 73
123
79
44 47
92
15
13
54
39
20 31
O ct.-21 Sep.-22 O ct.-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
60 70
7.6
50
6.0
40
30
2.8
2.5
20
2.1
1.5
0 10
1.2
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
M onthsofInv. Closed Sales H om esforSale
3 2 1.5
6 1 6.0
43 36 1.2
36 13 2.8
15 6 2.5
25 12 2.1
61 8 7.6
0 1
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