Business News for Bellevue and the Eastside of Lake Washington

A New Day Real Estate: Bellevue Condo Report December 30, 2014

The following is a blog post that I wrote to go with the YouTube video of today’s Bellevue Condo Report from A New Day Real Estate.  If you like this information and want to see it each week, make sure to subscribe at ANewDayRealEstate.com or keeping on checking the site regularly.  Before long, this will be a regular vlogcast and available on iTunes and hopefully Stitcher too.

This is the Bellevue Condo Report for December 30, 2014 from Joe Kennedy of A New Day Real Estate in Bellevue Washington.

Newport Shores Boat SlipThere are currently 139 condos listed for sale in Bellevue, but that includes one listing for a covered boat slip at Newport Shores for $115k.

Of the 138 livable condo units that are listing for sale, they range in price from $109,950 for a 2 bedroom, 1 bath unit in the Silver Glen 55+ community to $3.35 million for a penthouse unit on the 41st floor of Bellevue Towers.

Bellevue Towers Penthouse View to Lake WashingtonThat penthouse unit at Bellevue Towers is a 3,403 square foot, 2 bedroom, 2 bath unit and is priced at $984.43 per square foot. It also comes with monthly HOA fees of $2,173 – and amazing views.

There are currently only 14 condo units for sale in Bellevue that are priced at less than $200k – and half of them are located in the previously mentioned Silver Glen 55+ community. So there is not a lot of choice on the low end of the condo market.

As far as the high end market for condos in Bellevue, there are currently 29 different units priced at $1 million or above.

What I did not mention in the video, but will cover on a future podcast, is that 70 of the 138 condo units currently listed for sale are in the Washington Square project on the corner of 106th Ave NE and NE 9th Street in downtown Bellevue.

This means that in all reality, outside of Washington Square, there are only 68 condo units for sale in all of Bellevue. Not a lot of inventory – or competition. If you are thinking about selling your condo in Bellevue, now could be a really good time.

Please do not forget to join us next Tuesday, January 6th from 6-9pm for the first ever meeting of the Bellevue Real Estate Investors networking group.

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