bellevue
CONDO - JUNE 2020
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
2 % DOWN
26 % DOWN
24 % DOWN
2 % UP
3 % UP
2.0 SELLER’S
The number of condo homes for sale in Bellevue, at 92, was up 8% month-over-month but fell 26% vs last year. June’s condo closed sales, at 47, were 81% above last month but 24% lower than last year. There were 2.0 months of inventory for condos in June, reflecting seller’s market conditions. The condo median sold price in June was $657,000, up 6% vs May and a 3% increase from June 2019. The average sold price was $710,996 with an aver- age PSF sales price of $517 (14% and 17% lower, respectively, vs May).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 124
% Change
HOMES FOR SALE
92 47
85 26
8%
-26% -24%
CLOSED SALES
81% -40%
62
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
2.0
3.3
2.0
-2%
$657,000 $620,500 $710,996 $828,177
6% $635,000 -14% $695,579
3% 2%
AVERAGE PRICE PSF
$517
$626
-17%
$528
-2%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$657,000
$635,000
$582,000 $577,500 $609,000
$505,000 $567,500
124
108
92
77
76
80
46
43
62
48
47
45
34
29
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
15 16
BALANCED
3+ bdrms
BUYER'S MARKET
27
2 bdrms
53
4
. . . . 0 0 0 0 QD QD
<2 bdrms
24
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 July 1, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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