Saturday, September 16, 2006

Some Are Actually Admitting Local Real Estate Market is "Cooling" - Bellevue Homes Listed for Less that $500k

While many of the local "experts" continue to say that our local real estate market is insulated from the slowdown and impending bubble burst that the rest of our nation is suffering through, some are finally starting to see and admit what I have been saying for over a year now: our real estate market is greatly overvalued and a lot of people are in for some real trouble in the next 5 years.

I've been watching the listings on the local multiple listing service for home prices of new listings in Bellevue (where I live). It had been some time since I'd seen a SFR (single family residence) in Bellevue offered for less than $500,000. Yesterday (Friday 9/15/06) there were actually four!

Here they are:

1846 153RD AVE SE, BELLEVUE, WA 98007
3 bedrooms, 1 full/1 partial bathrooms , 1830 sq. ft.
Single Family Residence
List price: $499,950 View the property flyer.


12523 SE 7TH PL, BELLEVUE, WA 98045
4 bedrooms, 2 bathrooms , 1600 sq. ft.
Single Family Residence
List price: $495,000 View the property flyer.


15403 SE 38TH ST, BELLEVUE, WA 98006
3 bedrooms, 2 bathrooms , 1820 sq. ft.
Single Family Residence
List price: $459,000 View the property flyer.


758 122 AVE NE, BELLEVUE, WA 98005
4 bedrooms, 2 full/1 partial bathrooms , 1600 sq. ft.
Single Family Residence
List price: $459,000 View the property flyer.

If you are in the market to purchase a home and would like to see these homes, or those in any other price range or area, please give me a call or send me an email at Joe@YourEastsideBroker.com

If you would like to see recent sales, listings or find out the current value of your home, please visit YourEastsideBroker.com

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