belevue
RESIDENTIAL-NOVEMBER202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE ▲ 873% VS 2021
MONTHS OF INVENTORY 2.2 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein Belevuein N ovem ber,at146,was22% lower than lastm onth and 873% higherthan last year. W ith 67 in N ovem ber,residentialclosed sales were15% lowerm onth-over-m onth,and down 35% year-over-year. Therewas2.2m onthsofinventoryfor residentialhom esin N ovem ber,reflecting selers'm arketconditions. Them edian sold pricein N ovem berwas $1,510,000,2% aboveO ctober,and 8% below vsN ovem ber2021.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 8% VS 2021
▼ 8% VS 2021
▼ 35% VS 2021
PREVIOUSYEAR
PREVIOUSMONTH
THISMONTH No. $1,868,072 $1,510,000 2.2 67 146 -
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$2,035,669 $1,650,000 0.1 103 15 -
-35% 873%
$1,892,812 $1,480,000 2.4 79 188
-1.3% 2% -8% -15% -22%
-8% -8% 1396%
Theaveragesold pricewas$1,868,072,1.3% below lastm onth,and 8% lowerthan lastyear.
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
2.36 2.40
2.25
$2,250,000
$1,850,000
$1,700,000 $1,650,000
$1,510,000
$1,712,500
$1,650,000
199
188
195
188
177
125
146
102
104
97
95
103
73
77 73
123
44 47
92
67
79
15
13
54
20 31
N ov.-21 O ct.-22 N ov.-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
60 70
5.0
50
4.0
40
30
2.3
2.1
2.0
20
1.2
0.9
0 10
<$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
2 1 2.0
7 6 1.2
22 24 0.9
32 15 2.1
14 6 2.3
24 6 4.0
45 9 5.0
0 0
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