Bellevue Real Estate - A Home For Sale Update

Posted by The Cascade Team Real Estate on Monday, July 25th, 2011 at 9:15am

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As of July 15th, 2011, there are currently 414 active residential homes for sale in Bellevue.  Of the 414 active listings, 17 are bank owned homes in Bellevue, with an average price of $653,229 and 102 days on market, and 38 Bellevue shorts sales, with an average price of $653,722 and 144 days on market.  While the overall listing count came down, there were three more short sales in Bellevue that hit the market last week. 

Between $500K and $1 Million, there are currently 164 Bellevue homes for sale; not including any short sale or bank owned homes.  This current list of single family Bellevue real estate has an average price of $717,814, and an average days on the real estate market of 122.  Home in Bellevue currently in pending inspection have an average price of $651,072 at 31 days on market.  Those Bellevue homes that have move passed the inspection contingency, have an average list price of $680,646; with an average days on market of 83.  The steep reduction in days on market for Bellevue homes at pending inspection may suggest the market is picking up activity. however the average list prices on those properties is nearly $29K less.  The homes pricing in front of the Bellevue real estate market curve are aquiring contracts in just over 30 days.

When looking at the sold homes in Bellevue over the last week, there were 6 closings at an average selling price of $677,267, at 30 days on market, a much stronger Bellevue real estate market reading than last week.  These Bellevue home sellers closed these homes at an average of 98.45% of their asking price when the offer came in; bringing the average list price when the real estate contract was received to $690,233.

Feel free to contact us for more information on Bellevue real estate or with any questions you may have.

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