May 7, 2008
East Bellevue Still Hot (Relatively Speaking, of Course)
According to the Seattle Times, “Home Buyers Gain Bargaining Power.” Is this really new information? Probably not to most of us whether you’re buying a home, selling a home, or just plain old not. Particularly now, as we hit the traditional house selling season, the For Sale signs are popping up like dandelions, blowing in the wind.
However, in addition to this news flash, “most areas of King County have turned from seller’s to buyer’s markets in recent months,” and writer Cohen points out that there are still places where the going’s not quite so bad, for example East Bellevue, where the April NWMLS stats came in strong; the number of closed SFH sales was about 2% higher than same time last year, though median price declined by just slightly over 8%. In this area, it takes about 4-6 months for a home to sell, which is on the low side of the spectrum in today’s market.
Here’s the lowdown on April closed sales below $500,000 in East Bellevue:
1234 147th Ave SE
3 br/2 ba, 1,120 sq.ft.
Listed at $396,000, SOLD (4/18) at $396,000
16032 NE 3rd Pl.
3 br/1 ba, 1,340 sq.ft.
Listed at $409,900, SOLD (4/16) at $400,000
16444 SE 39th Pl
3 br/2.5 ba, 1,600 sq.ft.
Listed at $469,950, SOLD (4/10) at $467,950
659 165th Ave NE
4 br/2.25 ba, 1,570 sq.ft.
Listed at $489,000, SOLD (4/10) at $479,500
805 146 Ave SE
3 br/1.75 ba, 1,400 sq.ft.
Listed at $489,500, SOLD (4/18) $480,000
Debra Sinick said:
In area 530, which is real estate speak for East Bellevue and a portion of Redmond near Microsoft, the percentage that of homes that sold in April when compared to how many homes were for sale was 19%. This area actually was the highest performing area on the eastside. However, last year at this time, 46% of the homes for sale received offers.
May 8, 2008 7:05 AM
Katrina Munsell said:
Thanks for the additional info, Debra. Let’s hope that May gets even better for more of our areas… I’m anxious to see what the upcoming months will bring..,
May 8, 2008 8:43 AM