Bellevue and Seattle Real Estate Specialists
14042 NE 8th St #204, Bellevue, WA 98007  |  (425) 289-1099
Bellevue Real Estate Statistics

Location is everything, and understanding the home values, trends, and statistics of real estate in your area makes for an informed buyer or seller. Providing the information you need to make intelligent choices in real estate is at the core of what we do; we understand that real estate statistics specific to Bellevue can be hard to find, so we are happy to bridge the gap between Bellevue and the more commonly reported King County or Puget Sound statistics.

We compile the information, based on our local MLS' sales and listing data, on a monthly basis not only so we can stay on top of the developing trends, but also to be able to pass along that knowledge base to our clientele. Feel free to contact us or ask us to grab coffee to talk more in depth with what is happening behind the numbers in Bellevue!

Bellevue Real Estate Statistics (sold single family homes)

Month

Feb '12
Jan '12
Dec '11
Nov '11
Oct '11
Sep '11
Aug '11
Jul '11
Jun '11
May '11
Apr '11
Mar '11
Feb '11
Jan '11
Dec '10
Nov '10
Oct '10
Sep '10
Aug '10
Jul '10
Jun '10
May '10
Apr '10
All
Sales

67
48
71
80
84
82
126
93
128
102
79
107
72
61
80
59
71
79
93
81
120
113
83
All
Median

$477,000
$530,000
$485,000
$523,000
$505,000
$595,750
$542,500
$475,000
$592,500
$587,500
$550,000
$515,000
$499,990
$468,000
$557,000
$570,000
$530,000
$529,000
$605,000
$607,500
$582,584
$580,000
$510,000
All
Average

$593,412
$630,197
$574,216
$607,110
$653,629
$715,110
$627,778
$554,603
$653,559
$654,055
$706,823
$652,357
$637,925
$576,981
$690,660
$673,011
$639,394
$731,195
$713,376
$787,395
$821,107
$693,449
$660,429
Days on Market

60
61
69
42
52
61
44
55
64
55
58
72
75
81
73
83
70
81
63
47
49
67
71
Traditional Sales

51
34
53
68
65
67
107
78
111
84
62
80
51
42
58
48
58
65
83
66
101
100
61
Traditional Median

$512,500
$556,500
$549,000
$552,500
$528,000
$610,710
$560,000
$499,000
$610,500
$602,250
$607,500
$537,500
$585,000
$491,000
$543,475
$623,000
$577,500
$565,000
$625,000
$652,500
$625,000
$607,450
$500,000
Traditional Average

$635,848
$658,175
$610,122
$640,475
$703,290
$711,560
$627,977
$568,046
$682,737
$679,714
$758,634
$689,396
$728,474
$632,197
$680,952
$693,952
$676,325
$787,382
$736,168
$849,566
$872,653
$715,878
$694,127
Days on Market

59
66
70
44
49
55
41
51
63
57
64
70
90
91
69
81
74
88
64
42
52
65
67
Traditional % Volume of Sales
76.12%
70.83%
74.65%
85.00%
77.38%
81.71%
84.92%
83.87%
86.72%
82.35%
78.48%
74.77%
70.83%
68.85%
72.50%
81.36%
81.69%
82.28%
89.25%
81.48%
84.17%
88.50%
73.49%
Foreclosure Sales

7
8
10
5
8
7
11
7
7
9
12
13
12
11
12
4
9
4
7
6
8
5
10
Foreclosure Median

$369,900
$285,894
$299,750
$285,000
$317,500
$850,000
$361,000
$312,000
$384,000
$363,000
$407,500
$440,000
$324,450
$309,900
$556,892
$509,000
$380,000
$382,450
$375,500
$316,000
$465,500
$330,000
$489,995
Foreclosure Average

$418,014
$369,311
$488,490
$317,800
$330,750
$680,182
$567,967
$335,743
$398,270
$485,300
$480,975
$515,615
$416,617
$409,691
$778,732
$689,000
$506,122
$634,350
$406,714
$356,517
$454,999
$405,386
$454,986
Days on Market

59
51
64
24
46
60
52
43
48
33
40
80
32
34
57
46
47
12
53
37
36
31
33
Foreclosure % Volume of Sales
10.45%
16.67%
14.08%
6.25%
9.52%
8.54%
8.73%
7.53%
5.47%
8.82%
15.19%
12.15%
16.67%
18.03%
15.00%
6.78%
12.68%
5.06%
7.53%
7.41%
6.67%
4.42%
12.05%
Short
Sales

9
6
8
7
11
8
8
8
10
9
5
14
9
8
10
7
4
10
3
9
11
8
12
Short Sale Median

$345,000
$500,000
$367,500
$434,000
$370,000
$487,700
$586,944
$419,180
$380,000
$549,950
$550,000
$462,500
$347,000
$497,500
$673,000
$460,000
$432,500
$363,750
$790,000
$349,000
$440,000
$444,950
$569,750
Short Sale Average

$489,362
$819,500
$443,500
$489,643
$595,000
$775,407
$707,355
$615,045
$511,300
$583,328
$606,400
$567,679
$419,889
$517,125
$641,278
$520,286
$403,750
$404,716
$798,333
$492,700
$614,086
$593,125
$660,333
Days on Market

67
45
76
37
78
105
85
103
81
62
29
78
47
95
117
117
64
61
52
82
39
118
124
Short Sale % Volume of Sales
13.43%
12.50%
11.27%
8.75%
13.10%
9.76%
6.35%
8.60%
7.81%
8.82%
6.33%
13.08%
12.50%
13.11%
12.50%
11.86%
5.63%
12.66%
3.23%
11.11%
9.17%
7.08%
14.46%
Distressed % Volume of Sales
23.88%
29.17%
25.35%
15.00%
22.62%
18.29%
15.08%
16.13%
13.28%
17.65%
21.52%
25.23%
29.17%
31.15%
27.50%
18.64%
18.31%
17.72%
10.75%
18.52%
15.83%
11.50%
26.51%
All
Pending
Sales
219
178
165
185
203
195
198
238
207
233
213
176











* Please note that minor adjustments to our Bellevue Real Estate Trends and Statistics may occur due to the untimely reporting of sales by other agents

Bellevue Real Estate Statistics and Trends Through February, 2012

(For a more comprehensive Bellevue and Seattle area update click on over to our recent Seattle and Bellevue real estate trends update)

Median selling price near post bubble low, but sales and pending sales jump...

Just like January was a little bit of a strange month in terms of sales data (as noted in last month's Bellevue and Seattle area real estate update), February's data was a little mixed as well.

The median selling price of single family homes fell last month to near post bubble lows, which came as a bit of a surprise due to the decrease in distressed sales (bank owned foreclosures and short sales) as a proportion of all sales. Sales jumped noticeably, and considering that bank owned sales fell considerably, it seems that a lot of buyers finally made their way back to the market and snatched up the best non-distressed deals.

Just like last month, it is hard to read too much into the numbers, but things do look positive for the second half of 2012. Beyond the significant month over month increase in sales and large jump in pending sales (the most since last year's peak summer selling season in July), one of the most promising signs for our local market is the minimal "shadow inventory" we have backlogged...

The National Association of Realtors pegged Washington as having the least amount of shadow inventory in the United States, and the info is presented nicely on this graphic at KCMblog.com.
Fewer foreclosures/distressed sales and more buyers returning to the market thanks largely do to improving economic and job market conditions, are the perfect recipe for a strong second half of 2012.

Stay tuned for next month's update to see how the progress develops...

Copyright © 2012 Prospera Real Estate
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Terms of UseSite Map
All rate, payment, and area information are estimates and approximations only.