belevue
RESIDENTIAL-AUGUST2023
AVERAGEPSF PRICE - VS 2022
HOMES FOR SALE ▼ 21% VS 2022
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Thenum berofresidentialhom esforsalein Belevuein August,at148,was3% higher than lastm onth and 21% lowerthan lastyear. W ith 93 in A ugust,residentialclosed sales were29% higherm onth-over-m onth,and up 27% year-over-year. Therewas1.6m onthsofinventoryfor residentialhom esin A ugust,reflecting selers' m arketconditions. Them edian sold pricein Augustwas $1,639,000,11% below July,and 2% abovevs August2022. Theaveragesold pricewas$2,000,348,10% below lastm onth,and 12% higherthan last year.
▲ 2% VS 2022
▲ 12% VS 2022
▲ 27% VS 2022
PREVIOUSYEAR
PREVIOUSMONTH
THISMONTH No. $2,000,348 $1,639,000 1.6 93 148 -
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,784,505 $1,600,000 2.6 73 188 -
12% 2% -38% 27% 21%
$2,222,569 $1,837,500 2.0 72 143
-10% -11% -20% 29% 3%
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
2.64
2.43
2.37
$1,990,000
$1,750,000 $1,639,000
$1,600,000
$1,500,000
$1,480,000 $1,422,500
188
191
184
146
143
128
148
96 89 84
99
100 108
93
94
97 79
83
72
73
67 54 30 61 65 58
Aug-22 Jul-23 Aug-23
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
60 70
4.7
50
40
3.0
2.8
30
20
1.2
1.0
0 10
0.6
<$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
3 1 3.0
20 32 0.6
26 25 1.0
16 13 1.2
22 8 2.8
61 13 4.7
0 0
0 1
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