bellevue
CONDO NOVEMBER
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
70 % UP
38 % UP
42 % UP
168 % UP
44 % UP
1.2 SELLER’S
The number of condo homes for sale in Bellevue, at 126, was down 23% month-over-month but increased 168% vs last year. November’s condo closed sales, at 105, were 27% below last month but 44% higher than last year. There was 1.2 months of inventory for condos in November, reflecting seller’s market conditions. The condo median sold price in November was $815,000, down 19% vs October but a 42% increase from November 2019. The average sold price was $1.18M with an average PSF sales price of $794 (down 2% and 7%, respec- tively, vs October).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 164 143 1.1
% Change
No.
% Change
HOMES FOR SALE
126 105 1.2
-23% -27%
47 73
168%
CLOSED SALES
44% 86% 42% 70% 38%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
5%
0.6
$815,000 $1,010,400 -19% $572,500
$1,182,550 $1,207,824
-2% $696,535
$794
$854
-7%
$575
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$906,450
$815,000
$665,000
$620,500 $574,000
172
$572,500
$484,000
126
110
82
73
105
61
32
78
26
56
55
47
32
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
26
BUYER'S MARKET
3+ bdrms
20
60
2 bdrms
68
19
. . . . 0 0 0 0
<2 bdrms
38
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2020 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 December 10, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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