Bellevue WA Real Estate Statistics for January 2012

Bellevue Homes Trends and Values.  Learn where the market is  going, what is affecting King County Home Prices and why. What do these numbers tell us about the housing market?

A class on WA Real Estate Statistics where we dove into King County Real Estate Statistics and the market.  How the market is being affected by Bank Owned Properties,  Short Sales,  the Economy, etc. and When did Bellevue WA Real  Estate Peak?

Bellevue WA Graphs and Pictures Used in This Presentation:

 Bellevue WA Statistics and Trends Video:

Transcript:

Hi, this is Anton Stetner with the Real Estate Solutions Group. Hey, thank you guys for taking a few minutes out of your busy day to watch this.

Today we’re going to talk about Bellevue real estate statistics, what’s been going on in the market for January 2012. The average sales there in Bellevue, they averaged 4 bedrooms. They were 2.6 baths, for 2,741 square feet, for an average sales price of $642,270. It’s really interesting, we had 46 sales for $29.5 million, and those happened in 59 days. Once again, this is also on average.

If we take January of 2012 to compare it to January of 2011, average sales price here in the city of Bellevue was up 10.7%. The total units was down 23.3%. Total units just means the number of transactions, so number of transactions was down. And then the days on market decreasing.

So, once again, just the synopsis of what we’re feeling in the area is the prices were starting to look like they were going to trend in an upward direction, and inventory is also decreasing.
Anyway, please leave me your thoughts and comments below. We’ll update you more as we go. Thank you guys.

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