Housing Trends for Bellevue

Housing trends in the Eastside and Bellevue market continue to be challenging with fewer inventory and home prices in the region. Jesse Tam, here's the latest for summer/fall 2016.

"Home prices in Bellevue and across the state of Washington have risen dramatically over the last couple of years. In fact, earlier this summer, CoreLogic reported that Washington State home values were rising faster than any other state in the country. Many local housing markets, including Bellevue, have experienced double-digit gains in the last year alone.

 How long can this last? Will the Bellevue housing market keep soaring into 2017, or will it level off in the coming months?   

Bellevue Home Price Trends for Summer / Fall 2016

Let’s start with a look at current home price trends in Bellevue. According to Trulia, the median sales price as of August 2016 was $740,000. That was a gain of 14% over the same time last year, more than double the national average.

Zillow reported a slightly lower number in August, putting the median price at around $717,000. Like Trulia, they too reported a double-digit gain from last year.

Realtor.com offered a similar figure in August, reporting a median closing price of $730,000 for the Bellevue real estate market"...

https://www.sammamishmortgage.com/bellevue-housing-forecast-2017/

Stay connected, thanks for visiting  Jesse   Believe you can and you are half way there.