Welcome to East Bellevue Real Estate; your reliable source for residential real estate market information and the East Bellevue Community.

Bordered by Lake Sammamish to the East, I-405 to the west, 520 to the north, and I-90 to the south, the East Bellevue neighborhood is perfectly located, no matter what your destination. Perhaps this is the reason the area has seen so much growth and prosperity in recent years. Yet, with the growth, the area has kept its original charm, interspersing parks at every turn, protecting green spaces and pedestrian accessibility. Central to East Bellevue are two primary shopping areas: Overlake and Crossroads. Residents can find most anything they need without having to drive too far. Crossroads Mall has kept its small town charm with a very popular international food court, a stage used by a wide range of performers, and an area dedicated to the game of chess where all those interested in playing can find worthy competitors. The Crossroads Water Park has become a hit with visitors of all ages; the “pod” of Orca whales, with water soaring from their spouts, provides cool relief for hot summer days. If you prefer a good hike through a natural setting, Weowna Park provides miles of trails for your enjoyment. Kelsey Creek Park is made up of 150 acres of forest and wetland habitat, with many hiking trails. An actual working animal farm is also open to visitors. A beautiful botanical garden takes on a new life during the holiday season when it is covered in hundreds of thousands of tiny lights. During blueberry season, stop by Bellevue Blueberry Farms for fresh picked fun. If you like Golf, you will like East Bellevue; a public par 3 nine hole course is adjacent to Crossroads Park and numerous neighborhoods feature their own private courses. Last, but definitely not least, East Bellevue residents also take great pride in their nationally acclaimed schools. According to Newsweek Magazine, in 2009 the International School ranked 11th; Interlake High ranked 18th and Sammamish High ranked 47th out of more than 1500 high schools in the country for 2009.

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• Quarterly
• Monthly
• Weekly

The following charts of East Bellevue real estate statistics are updated weekly, and provided by Altos Research.

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• 98004
• 98005
• 98006
• 98007
• 98008

Weekly Stats for 98004

Median Price

Inventory

Average Days on Market

Market Action Index

Weekly Stats for 98005

Median Price

Inventory

Average Days on Market

Market Action Index

Weekly Stats for 98006

Median Price

Inventory

Average Days on Market

Market Action Index

Weekly Stats for 98007

Median Price

Inventory

Average Days on Market

Market Action Index

Weekly Stats for 98008

Median Price

Inventory

Average Days on Market

Market Action Index

The following charts of Bellevue real estate statistics are updated monthly.

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• For Sale Homes vs. Sold Homes
• Average Price Per Sq. Ft.
• Sold Price vs. Asking Price
• Months of Supply

For Sale Homes vs. Sold Homes

East Bellevue (NWMLS Area 530)

West Bellevue (NWMLS Area 520)

South of I-90 (NWMLS Area 500)

Eastside

New Construction Eastside

King County

Average Price Per Sq. Ft.

East Bellevue (NWMLS Area 530)

West Bellevue (NWMLS Area 520)

South of I-90 (NWMLS Area 500)

Eastside

New Construction Eastside

King County

Sold Price vs. Asking Price

East Bellevue (NWMLS Area 530)

West Bellevue (NWMLS Area 520)

South of I-90 (NWMLS Area 500)

Eastside

New Construction Eastside

King County

Months of Supply

East Bellevue (NWMLS Area 530)

West Bellevue (NWMLS Area 520)

South of I-90 (NWMLS Area 500)

Eastside

New Construction Eastside

King County

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• 98004
• 98005
• 98006
• 98007
• 98008

Quarterly Stats for 98004

Handling the short sale in a timely manner would be one of the single best things for the economy and the lender. The value of the assets secured would be preserved since the seller is directly involved and a condition of the short sale approval could be that the property be delivered in good condition; not trashed and gutted. The lender by not having to take as many homes back and manage the sale of a vacant asset would save about 20% over a foreclosure. In addition by streamlining the process there would not have to be as big of a buyer premium on the price since the buyer could have some degree of security of knowing the status of the sale in a timely manner.

The problem is bank managements. I have found them to be incredibly arrogant and out of touch and take very little responsibility for their own decisions. The tendency is to deny the problem, even now; by contracting to outside servicers who all vie for their business by saying they can do it cheaper. The last thing considered is the condition of the property, the borrower’s situation and the buyer; in other words the human element. Bank managements give the servicers very narrow guidelines and think that by issuing guidelines and beating their chest and threatening they can actually make things better. There is not one iota of creative or innovative thinking which is what you pay managements for. The foreclosure crisis is a reflection on the condition of American upper managements and their failure to actually create, innovate and lead.

Enough of my rant here is the spreadsheet: Bellevue Foreclosure Report 3-6-10

Also on the better homes we are starting to see multiple offer situations in more than just the low end. This market could get really tight if the sales rate remains at the same level and the inventories continue to fall. If this trend continues you will start to see upward pressure on pricing in 3 to 4 months. Now if you look at the monthly price per sq. ft. graphs they are pretty steady and don’t show much upward movement but that may change. At my open houses I am continually seeing new buyers come into the market that feel more confident about their personal situation and very dissappointed regarding the lack of homes to select from. Especially nicer newer homes.

The spreadsheet link is here: Weekly scorecard 3-1-10

The amount of listed inventory remains steady. We will see if this trend continues but overall , in my opinion, this market is very muddled with declining inventories and soft demand There are very few bank owned new homes. This inventory is pretty well cleaned out with only three bank homes being listed now in the Bellevue area. There are few with a notice of trustee sale but not very many. Last November and December saw most of this inventory being cleaned out. Anyone who wants to know about these homes please email.

Here is the spreadsheet: Bellevue Foreclosure Report 2-27-10

The spreadsheet link is here: Weekly scorecard 2-22-10

Here is the spreadsheet: Bellevue Foreclosure Report 2-20-10