bellevue east of 405 TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 2.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 100% VS 2023
▼ 10% VS 2023
▼ 7% VS 2023
▼ 36% VS 2023
There were 20 townhome listings in Bellevue East of 405 in July, 23% below June and 100% higher than July 2023.
July townhome sales decreased by 63% month-over-month, to 7, and were 36% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for townhomes in Bellevue East of 405, at 2.9, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$528 $725,858 $703,005 2.9 7 20
11 10
-0.6% -10% -7% 214% -36% 100%
19 26
-15% -29% -28% 109% -63% -23%
The townhome median price in July was $703,005, a 28% decrease from June and 7% below July 2023. The average sold price was $725,858, 29% below last month; the average PSF sale price was $528, down 15% to last month.
$531 $805,586 $755,000 0.9
$617 $1,018,710 $982,000 1.4
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
26
36
36
20
19
19
17
20
16
28
14
14
14
12
15
11
14
13
11
9
12
11
10
10
9
8
8
7
6
$982K
$920K
$902K
$870K
$820K
$815K
$803K
$755K
$753K
$750K
$703K
$647K
$585K
Jul-23
Jun-24
Jul-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
7
6.0
4+ bdrms
6
3
5
2
3.5
4
3 bdrms
4
3
5
2
1.0
2 bdrms
12
1
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES
1
1 6 6.0
4 4 1.0
2 7 3.5
0 3 n/a
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 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 August 6, 2024. 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. 11 ●
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