seattle rennie review - May 2020

bellevue

CONDO  APRI L 

AVERAGE PRICE

AVERAGE PSF PRICE

MEDIAN PRICE

HOMES FOR SALE

CLOSED SALES

MONTHS OF INVENTORY

MARKET SUMMARY ›

12 % DOWN

34 % DOWN

14 % UP

18 % UP

12 % UP

1.6 SELLER’S

The number of condo homes for sale in Bellevue, at 74, were up 23% month-over-month but fell 12% vs last year. April’s condo closed sales, at 45, were 18% below last month and 34% lower than last year. There was 1.6 months of inventory for condos in April, reflecting seller’s market conditions. The condo median sold price in April was $609,000, up 26% vs March and a 12% increase from April 2019. The average sold price was $715,295 with an aver- age PSF sales price of $594 (19% and 3% higher, respectively, vs March).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

HOMES FOR SALE

74 45

60 55

23% -18% 51%

84 68

-12% -34% 33% 12% 14% 18%

CLOSED SALES

MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE

1.6

1.1

1.2

$609,000 $484,000 $715,295 $600,554

26% $545,000 19% $630,199

AVERAGE PRICE PSF

$594

$575

3%

$505

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND ›

CLOSED SALES

HOMES FOR SALE

MEDIAN PRICE

$635,000

$577,500 $609,000

$505,000 $567,500 $582,000

$545,000

124

108

84

76

74

80

46

43

68

62

48

45

34

29

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



11

BUYER'S MARKET

3+ bdrms

16







22

2 bdrms



40











12



. . . . 0 0 0 0      QD  QD                

<2 bdrms

18

MONTHS OF INV. CLOSED SALES HOMES FOR SALE

Copyright © 2020 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 May 14, 2020. 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. 9

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