bellevue east of 405 CONDO - AUGUST 2 0 2 4
MONTHS OF INVENTORY 2.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 13% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 22% VS 2023
▲ 30% VS 2023
▲ 74% VS 2023
▼ 13% VS 2023
There were 33 condo listings in Bellevue East of 405 in August, 18% above July and 74% higher than August 2023.
August condo sales decreased by 28% month-over-month, to 13, and were 13% below August 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Bellevue East of 405, at 2.5, re'ected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
13 33
15 19
100% -13% 74%
18 28
8% 9% 0.9% 63% -28% 18%
The condo median price in August was $535,000, a 0.9% increase from July and 30% above August 2023. The average sold price was $568,000, 9% above last month; the average PSF sale price was $557, up 8% to last month.
$557 $568,000 $535,000 2.5
$491 $463,684 $410,000 1.3
$513 $520,194 $530,000 1.6
13% 22% 30%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
54
33
24
28
19 26
21
19
19
19
18
18
19 15
17
37
13
17
17
34
15
15
14
9
13
8
7
8
3
$580K
$560K
$550K
$550K
$540K
$535K
$530K
$491K
$488K
$479K
$475K
$446K
$410K
Aug-23
Jul-24
Aug-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.
10
5.0
4+ bdrms
4.0
8
3.0
2
6
3 bdrms
2.3
4
4
1.0
7
2 bdrms
20
2
0
4
<2 bdrms
<$300K $300K-399K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES
9
3 9 3.0
2 10 5.0
3 7 2.3
3 3 1.0
1 4 4.0
1 0 n/a
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 September 9, 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. 12 ●
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