On September 30, 2006 I noted in this blog that there were 38 SFR homes for sale in Bellevue priced less than $500k - and only 1 priced less than $400k.
Today (5/4/08) on the NWMLS, there were 86 SFR in Bellevue priced less than the half mil mark and 15 less than $400k.
As I noted back in 2006, I look forward for these types of numbers to increase steadily over at least the next two years. They could actually avalanche as the economy continues to falter, and the availability of money tightens especially locally with so many condo and apartment units coming online in next two years.
If I can help you with any real estate challenge you might have, please give me a call. 800-441-LIST (5478).