belevue
RESIDENTIAL-JULY2023
AVERAGEPSF PRICE - VS 2022
HOMES FOR SALE ▼ 27% VS 2022
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Thenum berofresidentialhom esforsalein Belevuein July,at145,was12% higherthan lastm onth and 27% lowerthan lastyear. W ith 72 in July,residentialclosed salesw ere 13% lowerm onth-over-m onth,and down 6% year-over-year. Therewas2.0m onthsofinventoryfor residentialhom esin July,reflecting selers' m arketconditions. Them edian sold pricein Julywas$1,837,500, 5% aboveJune,and 8% abovevsJuly2022. Theaveragesold pricewas$2,222,569,13% abovelastm onth,and 8% higherthan last year.
▲ 8% VS 2022
▲ 8% VS 2022
▼ 6% VS 2022
PREVIOUSYEAR
PREVIOUSMONTH
THISMONTH No. $2,222,569 $1,837,500 2.0 72 145 -
8% 8% -22% -6% 27% - No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$2,065,088 $1,700,000 2.6 77 199 -
$1,959,999 $1,750,000 1.6 83 129
13% 5% 30% -13% 12%
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
2.64
2.49
$1,836,000
$1,837,500
2.11
$1,700,000 $1,650,000
$1,574,000
$1,510,000
$1,654,500
188
191
184
199
146
129
145
96 89 85
100
101 108
72
94
97 79
83
77 73
67 54 30 61 65 58
Jul-22 Jun-23 Jul-23
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
60 70
4.9
4.2
50
40
30
20
1.5
1.3
1.3
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
3 2 1.5
23 18 1.3
17 20 0.9
17 13 1.3
21 5 4.2
64 13 4.9
0 0
0 1
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