Sales Volume and Mix

Units Sales Volume

A total of 39 homes were resold at Bellevue Towers in 2022. This marks a drop from the 46 resales in 2021, but is spot on the 5 year sales average of 38.8 home sales per year.

Unit Sales Mix

Approximately 72% of the homes sold in 2021 were 2 bedroom homes or penthouses. This is right in line with the proportion of 2 bedroom homes and penthouses in the building (71%), but represents a higher share of sales than we typically see (for various reasons related to price point and owner profile, studio and 1 bedroom homes tend to turn over more frequently).

Home Types Sold in 2022

Pricing Units Sales Volume

We saw strong price growth through late spring of 2022, although pricing started softening through fall and winter thanks to rising interest rates and recession concerns. However, a majority of sales (along with all 3 of the penthouse sales) occurred in the first half of the year while pricing was at its highest, resulting in average pricing that set new records both in terms of total prices as well as price per square foot, both including and excluding the 3 penthouse sales.