bellevue west of 405 CONDO - MARCH 2 0 2 4
MONTHS OF INVENTORY 1.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 29% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 29% VS 2023
▲ 58% VS 2023
▲ 29% VS 2023
▲ 53% VS 2023
There were 44 condo listings in Bellevue West of 405 in March, 4% below February and 29% higher than March 2023. March condo sales decreased by 21% month-over-month, to 23, and were 53% above March 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
The months of inventory for condos in Bellevue West of 405, at 1.9, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23 44
15 34
29% 29% 58% -16% 53% 29%
29 46
-10% -15% 0% 21% -21% -4%
The condo median price in March was $1,099,000, a 0% change from February and 58% above March 2023. The average sold price was $1,149,133, 15% below last month; the average PSF sale price was $1,080, down 10% to last month.
$1,080 $1,149,133 $1,099,000 1.9
$837 $887,767 $695,000 2.27
$1,205 $1,358,962 $1,099,000 1.6
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
34
55
53
46
45
43
44
45
44
44
28
42
39
34
29
34
25
23
22
23
17
24
16
15
13
10
10
9
$1.13M
$1.04M $1.04M $1.07M $1.10M $1.10M
$958K
$925K
$889K
$875K
$783K
$730K
$695K
Mar-23
Feb-24
Mar-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
4.0
4+ bdrms
10
3.0
3.0
8
2.0
3 bdrms
1.8
3
6
0.8
4
14
0.3
2 bdrms
19
2
0
9
<$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
<2 bdrms
4 7 1.8
2 6 3.0
4 12 3.0
5 4 0.8
3 6 2.0
2 8 4.0
3 1 0.3
22
Copyright © April 10, 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 April 10, 2024. 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. 14 ●
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