bellevue PREVIOUSLY - OWNED CONDO - OCTOBER 2 0 2 3
MONTHS OF INVENTORY 2.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 8% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 2% VS 2022
▲ 10% VS 2022
▲ 3% VS 2022
0.0% VS 2022
There were 92 condo listings in Bellevue in October, 12% above September and no change to October 2022. October condo sales decreased by 23% month-over-month, to 34, and were 3% above October 2022. The months of inventory for condos in Bellevue, at 2.7, reflected a sellers' market. The condo median price in October was $606,500, a 11% decrease from September and 10% above October 2022. The average sold price was $794,437, 5% below last month; the average PSF sale price was $623, up 0.2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
34 92
33 92
3% 0%
44 82
0.2% -5% -11% 45% -23% 12%
$623 $794,437 $606,500 2.7
$676 $778,186 $550,500 279%
-8% 2% 10% -3%
$621 $836,133 $681,000 1.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
12
92
92
75
82
11
68
64
73
60
67
65 46
51
47
56
44
51
51 29
39
8
41
34
33
25
29
28
18
$765K
$700K
$685K
$681K
$675K
$660K
$646K
$610K
$607K
$565K
$551K
$536K
$485K
Oct-22
Sep-23
Oct-23
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
25
2
6.0
6.0
4+ bdrms
20
4.2
9
3.7
15
3 bdrms
16
2.7
2.0
2.0
10
1.5
18
1.2
2 bdrms
48
5
0
5
<2 bdrms
<$400K $400-$499K $500-$599K $600-699K $700-799K $800-899K $800-999K $1.0M-1.24M $1.25M + MOI INVENTORY SALES
28
4 8 2.0
8 12 1.5
5 6 1.2
1 6 6.0
3 11 3.7
3 8 2.7
2 4 2.0
2 12 6.0
6 25 4.2
Copyright © November 20, 2023 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 November 20, 2023. 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. 11 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online