About This Site

By

Bellevue Homes and the Bellevue residential real estate market is what we keep track of and what we talk about here. Bellevue has three distinct neighborhoods. East Bellevue has affordable homes in a great location with easy access to major employment centers and shopping. East Bellevue is the focus of the City of Bellevue’s neighborhood planning and transportation infrastructure for the future; this will be an area to watch. West Bellevue is located west of I-405 and has a variety of neighborhoods and is the area that contains neighborhoods such as Clyde Hill, Medina and Vuecrest and is home to some of the wealthiest people in the world. However don’t be fooled there are nice affordable older homes in neighborhoods you can walk to downtown Bellevue from. South Bellevue is south of I-90 and is known for its view neighborhoods such as Somerset and Lakemont and affordable well located family homes in the Eastgate neighborhood. Great I-90 access with some of the best views in the Puget Sound area is the highlight of this area. (To read more click on the link above)

Latest Blog Posts

Weekly Scorecard 4-11-11

By

Finally a SMALL uptick in inventory however the sales continue to march along. Both the closed sales and the pending sales. There is one very important trend developing in the numbers. The average per sq. ft. price of the pending sales is significantly higher than sales of the closed prices. This trend is now clearly [...]

[continue reading...]

Distressed Inventory Report 4-9-11

By

There is definitely a trend developing. There are very few foreclosed homes; just a net gain of one from the week before. But the number of homes posted with a Notice of Trustee Sale (NTS) is where all the action is and if you take a look at the numbers for West Bellevue you can see there [...]

[continue reading...]

Weekly Scorecard 4-4-11

By

The inventories have ticked up by a hair but the big story this week is the closed sales. West Bellevue had 18 alone. This is a record for an area which does only two to three. Many of those sales looked to be potential tear downs but that number is very high for any market. [...]

[continue reading...]

Distressed Inventory Report 4-2-11

By

Well the trend of the amount of distressed inventory appearing to be peaking was broken this weak.  This week the amount of distressed inventory jumped 15 homes from  311 to 326. However the most notable feature is that there were not many new foreclosed homes but a ton of homes that went Notice of Trustee Sale [...]

[continue reading...]

Weekly Scorecard 3-28-11

By

The same story. Inventories remain low but sales remain strong. The pending sales numbers are surprislingly strong with South Be;;evue havong 14 pending sales. The extreme upper end also shows stregth with one waterfront home closing and one for $7,500,000 going pending. The inventory numbers are not bumping as they should this time of year [...]

[continue reading...]

About Bellevue RE

BellevueRE.net is presented by George Thurtle of John L. Scott.

Contact George at 206.713.3355 or via email at georget@johnlscott.com.