bellevue
RES IDENT IAL AUGUST
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
12 % DOWN
7 % DOWN
18 % UP
-
19 % UP
1.5 SELLER’S
There were 185 residential homes for sale in the Bellevue market area in August, unchanged from last month and 12% lower vs August 2019. Residential closed sales increased by 4% month-over-month, to 124, but were 7% lower year-over-year. There was 1.5 months of inventory for residen- tial homes in August, reflecting seller’s market conditions. The median sold price in August was $1.28M, 7% above July and 19% higher vs last year. The average sold price for residential homes was $1.56M, 8% higher month-over-month and 18% above August of last year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 185 119 1.6
% Change
No. 210 133 1.6
% Change
HOMES FOR SALE
185 124 1.5
0.0%
-12% -7% -6% 19% 18%
CLOSED SALES
4%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
-4%
$1,281,500 $1,200,000 $1,557,999 $1,443,108
7% $1,075,000 8% $1,317,490
AVERAGE PRICE PSF
-
-
-
-
-
RATIO OF MEDIAN PRICES ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
MILLIONS
$1.32
$1.28
$1.18
2.21
$1.10 $1.15
2.13
2.09
$1.08
$0.99
210
195
185
163
125
91
87
133
124
108
93
76
73
66
Aug-19
Jul-20
Aug-20
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD
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 September 10, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 8
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