bellevue west of 405 CONDO - MAY 2 0 2 4
▶ MARKET SUMMARY
MONTHS OF INVENTORY 2.3
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 22%
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.7%
▼ 5%
▲ 2%
▲ 111%
There were 44 condo listings in Bellevue West of 405 in May, 4% below April and 2% higher than May 2023.
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
VS 2023
May condo sales increased by 12% month-over-month, to 19, and were 111% above May 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
The months of inventory for condos in Bellevue West of 405, at 2.3, reflected a sellers' market.
19 44
$755 $969,861 $925,000 4.8 9 43
22% 1.7% -5% -52% 111% 2%
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17 46
0.4% -14% -22% -14% 12% -4%
The condo median price in May was $875,000, a 22% decrease from April and 5% below May 2023.
$922 $986,050 $875,000 2.3
$918 $1,144,471 $1,124,000 2.7
The average sold price was $986,050, 14% below last month; the average PSF sale price was $922, up 0.4% to last month.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
57
55
53
46
46
45
44
43
45
44
44
44
42
39
29
39
25
23
23
22
34
24
16
19
17
13
9
10
10
$1.13M
$1.07M $1.10M $1.10M $1.12M
$1.04M $1.04M
$958K
$925K
$875K
$875K
$783K
$730K
May-23
Apr-24
May-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.
10
10.0
4+ bdrms
8
1
6
3 bdrms
2
4.5
4.0
4
8
2 bdrms
1.5
1.1
1.0
20
2
0
10
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 1 10 10.0 4 6 1.5 9 10 1.1 2 2 1.0 1 4 4.0 2 9 4.5 0 2 n/a 0 1 n/a
22
Information and statistics derived from Northwest Multiple Listing Service. Copyright © June 10, 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 June 10, 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. 14 ●
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