Bellevue Home Values

Are You Wondering About Bellevue Home Values?

Washington State offers a variety of spectacular places to live and excellent real estate investment opportunities. Among the different alternatives you can find in Western Washington, the awesome Bellevue stands out.

This is a stunning city, naturally surrounded by waterways and beautiful mountains, which make a unique landscape in the region. Besides, the city is culturally rich, with a growing economy and almost unlimited job opportunities. If you are interested in the real estate housing market in Bellevue WA, you must know everything you need to know about Bellevue home Values.

Top-7 FAQs About Buying & Home Values in Bellevue

  • Is Bellevue a Solid Real Estate Market?

This city has for years remained in the top 10 for housing, according to VeroForecast reports. Real estate demand over the past decade has always been upward, and real estate trends in Bellevue report a significant increase in demand in 2021. This allows people who buy a property here to get a quick return on their investment, in addition to well-being.

  • What Types of Homes Can Be Found?

There are dozens of neighborhoods, with different home prices and values in Bellevue. Also, a few years ago the city council changed the zoning of the city, making downtown livable. This allows people today to also have different housing options in the new and modern buildings that have been proliferating in that area.

  • Are Home Values Rising or Falling?

Bellevue WA home prices have always been rising over the past decade, with a 2018 increase of 3.7%, and an additional 0.8% in 2019. However, Bellevue is one of the cities that faster recovered from the COVID-19 impact, and as a result, housing demand has grown exponentially. By 2021, the price increase hovered around 21%, with an expectation to maintain the trend by 2022.

  • What Is the Average Price of a House?

This exponential jump in demand for housing broke the balance between supply and demand for homes in Bellevue, causing Bellevue home values to rise sharply. Today the average value of a home in the city is between $1.2 million and $1.4 million.

  • How Long Does It Take for a Home to Sell?

In the past, a property used to take about 17-18 days to negotiate. Today competition is fierce due to the significant increase in demand. Currently, in December 2021, a house would last no more than 6 days on the market.

  • What Is the Current Housing Availability?

Washington State has positioned itself as one of the best places to live and is generally experiencing a shortfall in housing supply. Bellevue is no exception, and today you need the assistance of specialized real estate firms to find a property that meets your needs and fits your family's budget.

  • How Can You Buy a Home in Bellevue?

Keep in mind that the high demand in the area requires quick action when the ideal home comes along. That's why you should count on one of the best real estate firms in the region, like Katrina Eileen Real Estate. We are the most prominent real estate agency in the area, with the most outstanding team of executives ready to find your ideal home for you. If you dream it, we can find it. Contact us.