Category: Bellevue

Chinese investors flock to Bellevue

Bellevue, a global city Bellevue’s growing role as a global city is evidenced by the speed at which foreign – in particular Chinese – investors are flocking to the Eastside, purchasing real estate, developing commercial plots and expanding their companies. Though Bellevue has been cultivating relations with Asia for some time, the rate of investment …

Continue reading

Housing market data for March 2013 – Puget Sound

Curious about what the media has tagged as housing’s Low Inventory? Well, check the data below and compare the number of listings for March 2013 against those for March 2012, a year ago. West Seattle is down over 35%, Beacon Hill down 57%, Issaquah down 39%, Kirkland down 31%, Bellevue South down 47%.  These are big …

Continue reading

Low inventory of homes for sale causes multiple offers in Seattle-Bellevue area

10 major housing markets with the shortest supply of homes The low inventory of homes for sale is causing multiple offer situations in Seattle and Bellevue – especially the ‘close-in’ neighborhoods. In the ten major housing markets in the country with the shortest supply of homes, demand is high and buyers are pouncing on listings as …

Continue reading

King County median price stagnant past six months

The August median price (half sold above, and half sold below the median price) of a house that sold in King County last month was $350,000, down nearly 8 percent from August 2010. However, for the past six months, King County prices have remained flat, remaining in a narrow range, between $345,000 and $350,000, every month …

Continue reading

Seattle area June home sales

Momentum building as home buyers respond to lower prices, favorable financing The Northwest Multiple Listing Service reports  a 43% increase in Pending Sales during May as compared to May 2010. Year-to-date pending sales are down about 5.5% which is slightly under the total for the first five months of 2010 when sales were boosted by a …

Continue reading

Tracking home price reductions in your area

Price Reduction Map Trulia’s new, interactive Price Reduction Map offers clues about the critical indicators of buyer and seller motivations. Just a click on the map will provide information in your home’s town and zip code including: How many homes in your target property’s area have had at least one price reduction, and, How likely a home …

Continue reading

NEWSFLASH: Where are the sellers?!

Yes, this question is for real. The inventory of homes for sale is dropping in many areas of the country, including the Puget Sound. Counter-intuitive thinking The question has been raised, ‘Why are there record numbers of homes on the market in some places, while properly priced homes are being gobbled up’ (some at even higher than …

Continue reading

What are the odds of selling your East Bellevue home?

When considering whether to sell a home or not, the time factor is often a big one. If you are living in your home while it is actively for sale, the inconvenience of having strangers track through your home at unpredictable times can become an increasing annoyance. Looking just at a three-month-period, about one in …

Continue reading

Leveling out of home values in King County, WA.?

                  Looking at median home prices in King County, WA, since 2007 The red bars in the chart above indicate the percentage change from 2007 to 2010 in the median price in King County, which covers Seattle, Bellevue, Redmond, Issaquah, Renton and parts of Bothell. While not as …

Continue reading

Bellevue: Best home deals

Bellevue, Washington, across Lake Washington from her sister city, Seattle, receives double kudos from CNN Money magazine.