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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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