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Answers (4)
- MedinaSchools
- Contributions:1
I wish you bought in one of those areas as the market is picking up in those areas. Seems like homes are going at or above 2005 prices.
- Pasadenan
- Contributions:21426
This chart from Zillow's "local info" pages states that prices are still dropping:
Bellevue median value trend
Bellevue median value trend
- Whitney T
- Contributions:27
Whitney from Zillow, here. For a data driven look at the Bellevue housing market, check out Zillow's real estate market reports. In Bellevue, the Zillow Home Value Index (median home value) Bellevue decreased 7.4 % in January http://u.zillow.com/vwN/ . In Seattle, the Zillow Home Value Index decreased 9.4 % in January http://u.zillow.com/v4Af/ .
- SteadyState
- Contributions:783
Cynthia -
In your area (Bellevue - Medina, etc. are similar):
M-t-M: down 1.0%
Q-t-Q: down 3.0%
Y-t-Y: down 7.4%
Homeowners who sold for a loss in your area:
2007: 1.9%
2008: 2.0%
2009: 9.7%
2010: 10.70%
2011: 22.62%
Median Income: $62K Median home price: $448K
This tells me your market has a way to go - around 22% further price drop should be expected if median home buyers can secure credit to buy a median priced home.
In your area (Bellevue - Medina, etc. are similar):
M-t-M: down 1.0%
Q-t-Q: down 3.0%
Y-t-Y: down 7.4%
Homeowners who sold for a loss in your area:
2007: 1.9%
2008: 2.0%
2009: 9.7%
2010: 10.70%
2011: 22.62%
Median Income: $62K Median home price: $448K
This tells me your market has a way to go - around 22% further price drop should be expected if median home buyers can secure credit to buy a median priced home.
Your opinion of the Bellevue real estate market? Are we at the bottom, on the way up?
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- 0.0/5.0
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