bellevue east of 405 CONDO - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 2.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 8% VS 2023
▲ 17% VS 2023
▲ 105% VS 2023
▲ 7% VS 2023
There were 43 condo listings in Bellevue East of 405 in September, 30% above August and 105% higher than September 2023. September condo sales increased by 15% month-over-month, to 15, and were 7% above September 2023. The months of inventory for condos in Bellevue East of 405, at 2.9, re'ected a sellers' market. The condo median price in September was $560,000, a 5% increase from August and 17% above September 2023. The average sold price was $626,450, 10% above last month; the average PSF sale price was $560, up 0.5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15 43
14 21
17% 91% 7% 105%
13 33
0.5% 10% 5% 13% 15% 30%
$560 $626,450 $560,000 2.9
$535 $580,271 $478,750 1.5
$557 $568,000 $535,000 2.5
5% 8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
54
43
46
33
24
28 18
26
19
19
37
21
18
17
19
19
13
15
17
17
14
15
15
9
8
13
3
8
7
$580K
$560K
$560K
$550K
$550K
$540K
$535K
$530K
$491K
$488K
$479K
$475K
$446K
Sep-23
Aug-24
Sep-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
16
15.0
14
4+ bdrms
12
10
4 4
3 bdrms
8
6
7
3.5
3.0
4
2 bdrms
2.2
2.0
26
1.0
2
0
4
<2 bdrms
<$300K $300K-399K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES 1 15 15.0 5 11 2.2 0 3 n/a 2 2 1.0 2 0 n/a 1 3 3.0 1 2 2.0 1 0 n/a 2 7 3.5
13
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 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 October 9, 2024. 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. 12 ●
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