Sales Fall in Bellevue Real Estate Market

The Bellevue market pulled back this week but was still better than normal as sales fell 4.8% to 198 homes sold over the last 30 days. On the other hand, close-by Renton registered 107 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices are coming down in Bellevue, and for this period the median sales price slid from $680,950 to $660,000. With only one month of inventory to sell, Bellevue is a solid seller's market, in spite of the dip in sales.

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Demographic facts about Bellevue:

  • This area has a population growth rating of 65. (Scale: 1 = Worst, 100 = Best)
  • This area has 416.2 physicians per 100,000 people.
  • The health cost index score in this area is 117.8. (100 = national average)
  • The breakdown of residents commuting to work is 70.8% by car, 10.1% by carpool, and 7.7% by public transit.

Data reported through 10/12/2016

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