Home Prices in Bellevue WA for January 2016Real estate market data for Bellevue Washington. Market Analysis Report.  Bellevue Home Prices If you are considering buying a home you can still find deals on a house in Bellevue but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Bellevue home on which you are making an offer. See the home prices in Bellevue.     Bellevue Real Estate Report Summary The median list price in January 2016 for home... 05/15/2015

                   West Bellevue’s real estate market trends imply a weakening market This Week:The median list price this week in West Bellevue is $2,495,000 up from  last week’s $2,388,000. The Market Action Index  (MAI see chart below) has been trending down lately, while inventory is climbing.  These trends imply a weakening market.Average days-on-market (93 days). Average price per sq ft. ($558). Supply and DemandThe market continues to get hotter.  More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices.  Current supply and demand levels show no sign of prices changing from their current trend.  PricePrice trends in the Enatai area continued their recent uptrend this week.  While still below the market’s high point, we’ve seen a nice... 05/14/2015

                   West Bellevue’s real estate market continues it’s listing price uptrend This Week:The median list price this week in West Bellevue is $2,388,000 is up from  last week’s $2,224,000.  Inventory  is up and the Market Action Index  (MAI see chart below)  is trending down recently.  While days-on-market appears to be trending lower, the overall conditions are weakening a bit. Supply and DemandThe market continues to get hotter.  More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices.  Current supply and demand levels show no sign of prices changing from their current trend. PriceIn the Enatai area this week we saw relatively little price change from last week.  However, we continue to demonstrate a nice up trend over the las... 04/30/2015

                                West Bellevue’s real estate market starting to cool This Week: The median list price this week in West Bellevue is $2,224,000 is up from  last week’s $2,134,500.  Inventory  is up and the Market Action Index  (MAI see chart below)  is trending down recently.  While days-on-market appears to be trending lower, the overall conditions are weakening a bit.   Supply and Demand The market has been cooling over time and prices have recently flattened.  Despite the consistent decrease in Market Action Index (MAI), we’re  in a Seller’s Market.  If the MAI begins to climb. prices will likely follow suit.  If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.   Price We continue to see prices in this zip code bouncing ... 03/16/2015

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                                West Bellevue’s real estate market remains hot This Week: The median list price this week in West Bellevue is $2,134,500 is up from  last week’s $2,089,000.  Demand measured by the Market Action Index  (MAI see chart below)  is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market.  Supply and Demand Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the the trend continues.   Price We continue to see prices in this zip code bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices mo... 03/02/2015

                                  West Bellevue’s real estate market is favoring Sellers This Week: The median list price this week in West Bellevue is $2,089,000 is up from  last week’s $1,998,000.  Demand measured by the Market Action Index  (MAI see chart below)  is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market. Supply and Demand Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the the trend continues.   Price We continue to see prices in this zip code bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see ... 02/15/2015

                                West Bellevue’s real estate market springing to life This Week:  The median list price this week in West Bellevue is $1,998,000 is up from  last week’s $1,993,000.  Demand measured by the Market Action Index  (MAI see chart below) is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market. Supply and Demand In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory.  However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.  If the market heats up, prices are likely to resume an upward climb.   Price We continue to see prices in this zip code bouncing around this plateau.  Look for a persi... 02/10/2015

                                West Bellevue’s real estate demand is trending lower This Week: The median list price this week in West Bellevue is $1,993,000 is down from  last week’s $2,199,998.  Inventory is up and the Market Action Index  (MAI see chart below) is trending down recently.  While days-on-market appears to be trending lower, the overall conditions are weakening  a bit. Supply and Demand The market has started cooling and prices have recently plateaued.  Since we’re in the Seller’s Market zone, watch for changes in the MAI.  If the MAI  resumes it’s climb, prices will likely follow suit.  If the MAI drops consistently or falls into the  Buyer’s zone, watch for downward pressure on prices.  Price We continue to see prices in this zip code bouncing around this plateau.  Lo... 02/01/2015

                                  West Bellevue’s real estate not giving off strong directional signals This Week: The median list price this week in West Bellevue is $2,199,998 is up from  last week’s $2,189,999.  The Market Action Index  (MAI see chart below) has been trending down recently, but as days-on-market decreases also, these are not strong signals for the direction of the market. Supply and Demand In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory.  However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.  If the market heats up. prices are likely to resume an upward climb.    Price Again this week we see prices in west Bellevue remain roughly at the level they’ve been for sev... 01/21/2015

  West Bellevue’s real estate remains relatively stable This Week: The median list price this week in West Bellevue is $2,189,999 is unchanged from  last week’s $2,189,999.  Inventory  has been lightening lately and the Market Action Index  (MAI see chart below) has been trending up.  Though days-on-market is increasing, these are mildly positive indications for the market. Supply and Demand Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.     Price Again this week we see prices in west Bellevue remain roughly at the level they’ve been for several weeks.  Since we’re significantly below the to of the market, look for a per... 01/10/2015

                                                    West Bellevue’s real estate market times up This Week: The median list price this week in West Bellevue is $2,189,999 is up slightly from  last week’s $2,180,000.  Inventory  is lightening lately and the  Market Action Index  (MAI see chart below) has been trending up.  Though days-on-market is increasing, these are mildly positive indications for the market. Supply and Demand Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.    Price Again this week we see prices in west Bellevue remain roughly at the level they’ve been for several weeks.  Since we’re significantly below ... 01/04/2015

  West Bellevue’s real estate market taking a slight pause around the holidays This Week: The median list price this week in West Bellevue is $2,100,000 is down slightly from  last week’s $2,180,000.  Inventory  is tightening and days-on-market is falling.  But demand measured by the Market Action Index  (MAI see chart below) is also trending lower.  The market is not giving strong up or down signals from these data. o Supply and Demand Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.    Price Again this week we see prices in west Bellevue remain roughly at the level they’ve been for several weeks.  Since we’re significant... 12/23/2014

    Last week, I was talking to a young couple I know that was about to close on their first home. They were riding the wild rollercoaster of current mortgage rate swings and were not happy about the mortgage process overall. Yet, when the conversation shifted to finally living in a home that they own, their disposition changed dramatically.   A smile came across their faces as they talked about decorating their son’s bedroom and how much he will enjoy the backyard. They talked about inviting friends over for dinner and their family over for the holidays. The more they talked, the more excited they became.   I asked them if many of their friends were also buying. I was shocked to find out that they weren’t. Why not? Their friends believed that homeownership was financially unobtainable ... 12/11/2014

    West Bellevue’s real estate prices up inventory levels trending lower  This Week: The median list price this week in West Bellevue is $2,180,000 is up slightly from  last week’s $1,998,000.  Inventory has been lightening lately and the Market Action Index  (MAI see chart below) has been trending up.  Though days-on-market is increasing, these are mildly positive indications for the market.   Supply and Demand While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau.  We’re currently in a Seller’s market so prices will likely resume their climb should this trend persist.    Price We continue to see prices in west Bellevue bouncing around this plateau.  Look for a persistent up-shift in the  Market Action Index before we s... 11/24/2014

  West Bellevue’s real estate inventory lightening, market times increasing  This Week: The median list price this week in West Bellevue is $1,998,000 is up slightly from  last week’s $1,988,000.  Inventory has been decreasing lately but the Market Action Index  (MAI see chart below) is falling also.  With days-on-market climbing, these are relatively negative implications for the market.  Supply and Demand The west Bellevue real estate market has been cooling  over time and prices have recently flattened.  Despite the consistent decrease in Market Action  Index, we’re in a Seller’s Market.  If the MAI begins to climb, prices will likely follow suit.  If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.  Price We continue to see prices in ... 11/17/2014

We Want To Buy You A House In Bellevue   Sounds outrageous, right? But its true. We want to buy you a house, and it will be free and clear.   The Timing Is Right Prices in our area went up 12% in 2012, 13% in 2013 and roughly 11% so far in 2014. Looking ahead, we think prices are going to continue to go up over the next 5 years. This would not have worked in the period from 2007 to 2011, and it may not be favorable to do this in the future, but we think the timing is great right now.   We Want To Buy a High Quality House We have preselected high quality houses in high quality neighborhoods. You can choose any of the houses from those we have already chosen. Some neighborhoods are likely to continue to go up in value. We would like to own a house there because we would like to have price... 11/11/2014

  West Bellevue’s real estate inventory has been lightening  This Week: The median list price this week in West Bellevue is $1,988,000 is down  from  last week’s $1,998,000.  Inventory has been lightening lately and the  Market Action Index  (MAI see chart below) has been trending up.  Though days-on-market is increasing, these are mildly positive indications for the market.  Supply and Demand In the last few weeks, the west Bellevue real estate market has been at a stasis point in terms of sales to inventory.  However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.  If the market heats up, prices are likely to resume an upward climb.  Price We continue to see prices in west Bellevue bouncing around this plateau.  Look for a persistent ... 11/02/2014

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  The price of any item (including residential real estate) is determined by ‘supply and demand’.  If the supply of an item is larger than the amount of people looking to purchase that item, the price will decrease. According to the National Association of Realtors (NAR), historically there is a natural decline in buyers looking to purchase a home (also known as foot traffic) as the winter months approach. Shown in the graph below:     NAR goes a step further to say that there is a direct correlation between “foot traffic” and “pending contracts/closed sales one to two months later”. Bottom Line The real estate market has done well to recover from the slow start we experienced due in part to the inclement weather at the beginning of 2014.  But with those winter months right around the c... 10/21/2014