belevue
RESIDENTIAL-FEBRUARY2023
AVERAGEPSF PRICE - VS 2022
HOMES FOR SALE ▲ 181% VS 2022
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Thenum berofresidentialhom esforsalein Belevuein February,at87,was6% lowerthan lastm onth and 181% higherthan lastyear. W ith 62 in February,residentialclosed sales were107% higherm onth-over-m onth,and up 32% year-over-year. Therewas1.4m onthsofinventoryfor residentialhom esin February,reflecting selers'm arketconditions. Them edian sold pricein Februarywas $1,500,000,5% below January,and 29% below vsFebruary2022. Theaveragesold pricewas$1,882,503,3% abovelastm onth,and 26% lowerthan last year.
▼ 29% VS 2022
▼ 26% VS 2022
▲ 32% VS 2022
PREVIOUSYEAR
PREVIOUSMONTH
THISMONTH No.
47 31 -26% -29% 113% 32% 181% - No. % Change -
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
62 87
30 93
-55% 107% -6%
$2,545,530 $2,110,609 0.7
$1,882,503 $1,500,000 1.4
$1,835,399 $1,574,000 3.1
3% -5%
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
3.09
2.94
$2,110,609
2.72
$1,835,000 $1,870,230
$1,600,000
$1,480,000 $1,422,500 $1,500,000
199
188
192
185
177
147
125
102
97 93 87
104
97
95
79
77 73
67
123
54
47
92
30
62
54
31
Feb-22 Jan-23 Feb-23
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
60 70
4.1
50
40
2.3
30
1.6
20
1.0
1.0
0 10
0.4
<$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
6 6 1.0
8 20 0.4
13 8 1.6
9 9 1.0
18 8 2.3
33 8 4.1
0 1
0 2
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