bellevue
RES IDENT IAL FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
63 % DOWN
3 % DOWN
3 % UP
-
18 % UP
0.5 SELLER’S
There were 33 residential homes for sale in the Bellevue market area in February, 15% below last month and 63% lower vs February 2020. Residential closed sales increased by 15% month-over-month, to 71, but were 3% lower year-over-year. There was 0.5 months of inventory for residen- tial homes in February, reflecting seller’s market conditions. The median sold price in February was $1.39M, 6% below January but 18% higher vs last year. The average sold price for residential homes was $1.62M, 6% lower month-over-month but 3% above February of last year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
HOMES FOR SALE
33 71
39 62
-15% 15% -26%
89 73
-63%
CLOSED SALES
-3%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
0.5
0.6
1.2
-62% 18%
$1,387,000 $1,475,350 $1,621,245 $1,726,809
-6% $1,175,000 -6% $1,567,139
3%
AVERAGE PRICE PSF
-
-
-
-
-
RATIO OF MEDIAN PRICES ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
2.86
MILLIONS
$1.39
2.39
$1.28
$1.23
$1.23
$1.18
$1.15
$1.10
2.03
180
161
165
126
123
89
71
124
114
108
73
66
38
33
Feb-20
Jan-21
Feb-21
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 QD
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 9
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