As of July 15th, 2011, there are currently 429 active residential homes for sale in the city of Bellevue. Of the 429 active listings, 19 are bank owned homes, with an average price of $563,779 and 118 days on market, and 35 are shorts sales, with an average price of $676,654 and 153 days on market. It would appear based on this that buyers are not as drawn to short sales as prices don't appear to be as attractive as they once were.
Between $500K and $1 Million, there are currently 177 Bellevue homes for sale; not including any short sale or bank owned homes. This current block of Bellevue real estate has an average price of $714,949, and an average days on market of 112. Bellevue homes that are currently in pending inspection have an average price of $607,830 with 58 days on market, and the homes that have move passed the inspection contingency average $658,865; with an average days on market of 97. This may suggest the market is picking up activity as days on market is falling, however with that prices appear to still be edging down as well.
When looking at the sold homes over the last two weeks, the average sold home in Bellevue was $598,137, at 68 days on market. These Bellevue home sellers closed these homes at an average of 97.18% of their asking price when the offer came in; bringing the average list price when a contract was received to $615,859.
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