Seattle rennie review - July 2021

bellevue

PREVIOUSLY OWNED CONDO  JUNE 

AVERAGE PRICE

AVERAGE PSF PRICE

MEDIAN PRICE

HOMES FOR SALE

CLOSED SALES

MONTHS OF INVENTORY

MARKET SUMMARY ›

44 % DOWN

27 % UP

23 % UP

10 % UP

107 % UP

0.5 SELLER’S

The number of previously owned condo homes for sale in Bellevue, at 45, was down 26% month-over- month and 44% below last year. June’s previously owned condo closed sales, at 85, were 15% above last month and 107% higher than last year. There was 0.5 months of inventory in June, reflect- ing seller’s market conditions. The previously owned condo median sold price in June was $679,000, up 13% vs May and a 10% increase from June 2020. The average sold price was $815,755 with an average PSF sales price of $607 (up 8% and 1.8%, respectively, vs May).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

HOMES FOR SALE

45 85

61 74

-26% 15% -36%

81 41

-44% 107% -73%

CLOSED SALES

MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE

0.5

0.8

2.0

$679,000 $602,500 $815,755 $753,446

13% $615,000 8% $641,709

10% 27% 23%

AVERAGE PRICE PSF

$607

$596

1.8%

$495

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND ›

CLOSED SALES

HOMES FOR SALE

MEDIAN PRICE

$679,000

$633,500

$615,000 $595,000

$570,000 $615,000

$480,000

142

133

91

85

81

70

69

75

68

61

51

45

46

41

BELLEVUE KING COUNTY

HOMES FOR SALE & CLOSED SALES BY PRICE RANGE

NUMBER OF BEDROOMS ›

CLOSED SALES

HOMES FOR SALE

MONTHS OF INVENTORY

CLOSED SALES HOMES FOR SALE



  

SELLER'S MARKET





BALANCED

19

3+ bdrms

BUYER'S MARKET

9





53

2 bdrms





23













13 13



. . . . 0 0 0 0      QD                  

<2 bdrms

MONTHS OF INV. CLOSED SALES HOMES FOR SALE

Copyright © 2021 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 July 14, 2021. All data from Northwest Multiple Listing Serivce & 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. 11

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