bellevue
NEW CONSTRUCT ION CONDO FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY 5.8 BALANCED
MARKET SUMMARY ›
50 % DOWN
68 % UP
64 % UP
94 % UP
188 % UP
The number of new construction condo homes for sale in Bellevue, at 23, was down 18% month-over- month but increased 188% vs last year. February’s new construction condo closed sales, at 4, were 33% above last month but 50% lower than last year. There was 5.8 months of inventory in February, reflecting balanced market conditions. The new construction condo median sold price in February was $1.23M, down 56% vs January but a 94% increase from February 2020. The average sold price was $1.23M with an average PSF sales price of $1,114 (down 47% and 17%, respectively, vs January).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
HOMES FOR SALE
23
28
-18% 33% -38%
8 8
188% -50% 475%
CLOSED SALES
4
3
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
5.8
9.3
1.0
$1,237,375 $2,815,000 -56% $637,500 $1,229,988 $2,341,633 -47% $732,244
94% 68% 64%
$1,114
$1,342
-17%
$680
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$2,815,000
$1,747,300
$1,180,539
$1,237,375
$1,258,375
$580,000
$637,500 $675,000
68
26
23
21
16
9
8
7
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
BUYER'S MARKET
3+ bdrms
7
2
2 bdrms
14
2 2
. . . . 0 0 0 0 QD QD QD QD QD QD
<2 bdrms
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2021 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 March 4, 2021. 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. 10
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