bellevue PREVIOUSLY - OWNED CONDO - SEPTEMBER 2 0 2 3
MONTHS OF INVENTORY 1.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 13% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▼ 13% VS 2022
▼ 15% VS 2022
▼ 17% VS 2022
▼ 2% VS 2022
There were 82 condo listings in Bellevue in September, 9% above August and 17% lower than September 2022. September condo sales decreased by 14% month-over-month, to 44, and were 2% below September 2022. The months of inventory for condos in Bellevue, at 1.9, reflected a sellers' market. The condo median price in September was $681,000, a 0.9% increase from August and 15% below September 2022. The average sold price was $836,133, 21% below last month; the average PSF sale price was $621, down 12% 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
44 82
45 99
-13% -13% -15% -15% -2% -17%
51 75
-12% -21% 0.9% 27% -14% 9%
$621 $836,133 $681,000 1.9
$712 $965,040 $800,000 220%
$705 $1,059,979 $674,900 1.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
22
99
92
82
75
68
64
73
60
67
65
51
47
56
15
39
45
51
51 29
44
46
41
25
33
29
28
11
18
$800K
$765K
$700K
$685K
$681K
$675K
$660K
$646K
$610K
$565K
$551K
$536K
$485K
Sep-22
Aug-23
Sep-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.
25
1
4.0
4.0
4+ bdrms
20
7
15
2.3
2.3
2.2
3 bdrms
11
1.6
1.3
1.3
10
29
0.5
2 bdrms
48
5
0
7
<2 bdrms
<$400K $400-$499K $500-$599K $600-699K $700-799K $800-899K $800-999K $1.0M-1.24M $1.25M + MOI INVENTORY SALES
23
3 7 2.3
7 9 1.3
8 4 0.5
6 8 1.3
5 11 2.2
5 8 1.6
1 4 4.0
3 7 2.3
6 24 4.0
Copyright © October 16, 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 October 16, 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. 12 ●
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