belevue
RESIDENTIAL-DECEMBER202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE ▲ 615% VS 2021
MONTHS OF INVENTORY 1.7 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein Belevuein D ecem ber,at93,was38% lower than lastm onth and 615% higherthan last year. W ith 55 in D ecem ber,residentialclosed sales were18% lowerm onth-over-m onth,and down 25% year-over-year. Therewas1.7m onthsofinventoryfor residentialhom esin D ecem ber,reflecting selers'm arketconditions. Them edian sold pricein D ecem berwas $1,370,000,9% below N ovem ber,and 17% below vsD ecem ber2021. Theaveragesold pricewas$1,706,799,8.6% below lastm onth,and 22% lowerthan last year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 17% VS 2021
▼ 22% VS 2021
▼ 25% VS 2021
PREVIOUSYEAR
PREVIOUSMONTH
THISMONTH No.
73 13 -22% -17% 850% -25% 615% - No. % Change -
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
55 93
$1,868,072 $1,510,000 2.2 67 149
-24% -18% -38%
$2,182,787 $1,650,000 0.2
$1,706,799 $1,370,000 1.7
-9% -9%
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
2.80
2.54
2.25
$1,835,000 $1,870,230
$2,110,609
$1,600,000
$1,480,000
$1,650,000
199
188
192 186
$1,370,000
177
149
125
102
104
97
95
73
77 73
93 55
123
44 47
92
79
67
54
13
20 31
D ec-21 N ov-22 D ec-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
60 70
7.3
6.2
50
40
30
1.9
20
1.5
1.0
0.4
0 10
0.1
<$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
1 1 1.0
1 8 0.1
8 20 0.4
21 11 1.9
9 6 1.5
22 3 7.3
31 5 6.2
0 1
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