bellevue west of 405 CONDO - JULY 2 0 2 4
MONTHS OF INVENTORY 1.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 67% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 54% VS 2023
▲ 49% VS 2023
▲ 22% VS 2023
▲ 220% VS 2023
There were 55 condo listings in Bellevue West of 405 in July, 17% above June and 22% higher than July 2023.
July condo sales increased by 28% month-over-month, to 32, and were 220% above July 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
The months of inventory for condos in Bellevue West of 405, at 1.7, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
32 55
10 45
-62% 220% 22%
25 47
10% -14% -3% -9% 28% 17%
The condo median price in July was $1,307,500, a 3% decrease from June and 49% above July 2023. The average sold price was $1,850,434, 14% below last month; the average PSF sale price was $1,358, up 10% to last month.
$1,358 $1,850,434 $1,307,500 1.7
$811 $1,198,495 $875,000 4.5
$1,235 $2,163,680 $1,350,000 1.9
67% 54% 49%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
53
41
55
55
55
46
38
50
45
47
45
44
44
44
42
29
32
25
23
22
25
24
23
19
17
22
13
10
10
$1.35M $1.31M
$1.13M
$1.04M $1.04M $1.07M $1.10M $1.10M $1.12M
$958K
$875K
$875K
$730K
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.
12
5.0
4+ bdrms
10
8
4 4
2.7
2.5
3 bdrms
2.0
6
1.5
1.5
1.5
4
16
0.6
2 bdrms
25
2
0
12
<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
26
4 6 1.5
4 10 2.5
6 12 2.0
1 5 5.0
4 6 1.5
3 8 2.7
2 3 1.5
8 5 0.6
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. 14 ●
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