Jason's Blog February 13, 2013

Home Prices in Bellevue for January 2013


Home Prices in Bellevue Wa for January 2013

Home Prices in Bellevue Wa for January 2013

Real Estate market data for Bellevue, Washington provided by Jason E. Cook of Windermere Real Estate/East Inc.

Bellevue and Eastside home prices 


-Despite low inventory (more to come on this), pending sales were the 2nd highest ever for 
January on the Eastside and up 17% from a great January 2012.  Do not buy into the mindset 
that the reduced inventory equates to inability to make sales.  The market proves otherwise. 
-Eastside inventory is down 50% year over year.  Do you see that as a problem or an 
opportunity?  My view is that a meaningful opportunity exists for Buyers and Sellers.  My job and responsibility is to connect and 
educate those that might be best served by taking action now!   


Buyers in this market are:
-Move up buyers.   
-Solidly employed Gen X and Y's who want to secure a long term fixed housing cost and the 
benefits of home ownership vs. annual rental price growth, which is approximately 5% locally 
-People who wanted to sell, or maybe tried to sell over the last 5 years, but it did not 
pencil.  Today it might.  How excited are people that put life on hold for financial reasons, to 
learn that they have choices that they might not have realized? 
My goal is to provide market data and strategies for you to take advantage of current market opportunities.

Bellevue and Eastside Market Summary Report
The Median closed price in January for single family homes in Bellevue is $530,990.  The closed price increased by 4% from 2011.
The total number of active listings were 974.  This was down from 2012 which had 1,729 actives listings in just one year.  A 47% decrease.  But what does that mean to me?  It means LESS supply!  
The Total number of closed sales for January 2013 was 445.  This is up 25% from January 2012.  Bottom line, there is very little homes for sale, buyers are still buying, and prices are rising! 
Find Homes for Sale in Bellevue WA
Visit my website to search for homes in Bellevue or to be notified when Bellevue homes come on the market.
To find out what your home is worth in the CURRENT market email me or call             206-280-1911