West Bellevue's real estate market showing bearish signs This Week: The median list price this week in West Bellevue is $1,695,000 up from last weeks $1,595,000. The Market Action Index  (MAI see chart below) is trending down recently.   While days-on-market is climbing,  providing mostly bearish signs for the market.    Supply and Demand The  market has shown some evidence of slowing recently.  Both prices and inventory levels levels are relatively unchanged in recent weeks.  Watch the  Market Action Index for changes as it can be a leading indicator for price changes. Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from these levels. Localized real estate market repo... 09/11/2013

  West Bellevue’s real estate prices and inventory levels unchanged This Week: The median list price in West Bellevue, WA 98004 this week is $1,650,000 is up from last weeks $1,595,000.  Even though the days-on-market is trending higher, so is the Demand Market Action Index (MAI see chart below) at these levels, providing a neutral outlook for the market.  Average days-on-market: 115 Percent of properties with price decreases: 29% Supply and Demand The  market has shown some evidence of slowing recently.  Both prices and inventory levels are relatively unchanged in recent weeks.  Watch the Market Action Index for changes as it can be a leading indicator for price changes.     Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift... 09/04/2013

  Closed Sale in Bellevue's Enatai Neighborhood I had the pleasure of listing this stunning Mithun neo-contemporary home in Bellevue’s Enatai neighborhood. During the listing period the home had many viewings and multiple offers. Social media was utilized to help spread the word, worldwide. Community related blogs helped showcase the home and the many community features and amenities in the Enatai neighborhood.   If you have thought about listing your home in the Enatai neighborhood, call today and I will discuss how our unique marketing package can work for you.  Contact Adrian Willanger at Coldwell Banker Danforth 206 909-7536 or by email at adrian@adrianwillanger.com.  08/25/2013

Hi all: I hope you're well. We have had an unbelievably beautiful summer. Hope you have too. It's a new day with a new home! After hanging my license at The Legacy Group for the last 4 1/2 years, I am now with Alaska USA Federal Credit Union. I promise I won't linger here long with a shameless self-promotion. Lol! I honestly thought I would be a lifer with The Legacy Group. But we went tbrough a merger in April and the time was ripe for a change. I'm excited about working for a credit union. I feel they embody everything great about customer service of which I'm  a huge proponent. I wish you all the best today and every day. Please stay in touch. I have updated my new contact information here. Have a great day! 08/21/2013

  This Week: from last weeks $1,595,000.  Inventory is up and the Market Action Index  (MAI see chart below) is trending down recently.   While days-on-market appears to be trending lower, the overall conditions are weakening a bit.  Supply and Demand The  market has shown some evidence of slowing recently.  Both prices and inventory levels weeks.  Watch the  Market Action Index for changes as it can be a leading indicator for price changes.    Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from these levels. Localized real estate market reports are great for getting a “feel” of what that specific market is doing. For a more accurate pricing on residential property a  C... 08/20/2013

    West Bellevue’s real estate market remains tight This Week: The median list price in West Bellevue, WA 98004 this week is $1,595,000 is unchanged from last weeks $1,595,000.  Demand measured by the  Market Action Index (MAI see chart below) is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market.   Supply and Demand The  market has shown some evidence of slowing recently.  Both prices and inventory levels are relatively unchanged in recent weeks.  Watch the Market Action Index for changes as it can be a leading indicator for price changes.   Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move... 08/13/2013

  Best Happy Hour in Downtown Bellevue--Koral Bar & Kitchen--If you're looking for a great place for happy hour in downtown Bellevue area, look no further! Koral is the newest addition to the growing local metropolitan area offering a classy yet casual upscale dining experience with an extraordinary menu. Located conveniently at the Hyatt on Bellevue Way, Mikel and Bradley, owners of Pearl Bar & Dining, have definitely done it again!What distinguishes Koral from the others?Koral’s food is always fresh, with all their products from local vendors! Executive Chef Peter Kelly does a great job at maintaining consistency and quality of each dish that gets served.This place also always has most amazing service. All the servers are personable, friendly, and hardworking. It’s always great to alw... 08/12/2013

DID YOU KNOW THAT YOU ONLY NEED TO EARN ABOUT $36,000/YEAR TO BUY A $177,000 PROPERTY?   Rising interest rates means less buying power, the longer you wait to invest in a home. Let's talk more!! Even if you don't know if you (or someone you know) can invest or if you even feel "ready", GIVE ME A CALL and I can help get you into a great place OR get you pointed in the right direction :) You don't have to have the answers...you just need to know someone who can help you navigate the questions!   Want more information on the subject? Lawrence Yun, Chief Economist and Senior Vice President of Research at the NATIONAL ASSOCIATION OF REALTORS® wrote a great article that you can find by typing "Blunting the 
Effects of Rising 
Interest Rates" into your browse! 08/09/2013

As the economy continues to improve and the housing recovery is in full force, sellers of million dollar homes in Bellevue are finding a much recovered market. Take a look at the table below that represents million dollar homes in Bellevue. Breaking out the million dollar homes in Bellevue Statistics With the first time home buyers and the move up buyers finally finding homes, the next tier is the million dollar home owner. Notice in the statistics above the average market time for SOLD listings are 31 Days! With an average listing price of $1.5 Million and a 99.06% of list price to sales price. Homes are selling pretty close to list price. What does this mean for million dollar home buyers? There is quite a bit of competition out there. Watch the market carefully and work closely with ... 08/08/2013

  West Bellevue’s real estate inventory increasing price down slightly This Week: The median list price in West Bellevue, WA 98004 this week is $1,595,000 is down slightly from last weeks $1,598,000.  The Market Action Index (MAI see chart below) has been trending down lately, while inventory is climbing.  These imply a weakening market.    Supply and Demand The  Market Action Index has shown some evidence of slowing recently.  Both prices and inventory levels are relatively unchanged in recent weeks.  Watch the Market Action Index for changes as it can be a leading indicator for price changes.     Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from these levels. Locali... 08/05/2013

  West Bellevue’s real estate demand increasing, prices holding steady This Week: The median list price in West Bellevue, WA 98004 this week is $1,598,000 is unchanged  from last weeks $1,598,000.  Demand measured by the Market Action Index (MAI see chart below) is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market.  Supply and Demand The  Market Action Index has shown some evidence of slowing recently.  Both prices and inventory levels are relatively unchanged in recent weeks.  Watch the Market Action Index for changes as it can be a leading indicator for price changes.   Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Market Action ... 07/30/2013

  West Bellevue’s real estate inventory growing,  prices holding steady The median list price in West Bellevue, WA 98004 this week is $1,598,000 is unchanged  from last weeks $1,598,000.  The Market Action Index (MAI see chart below) has been trending down lately while inventory has been climbing.  These trends imply a weakening market.   Supply and Demand The  Market Action Index has been trending lower for several weeks while prices have remained relatively stable.  If inventory continues to grow relative to demand  however, it is likely that we will see downward pressure on pricing. Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from these levels. Localized real esta... 07/17/2013

Hi all: it's a beautiful day here in the Pacific Northwest. I hope your day is off to a great start! I wanted to touch on buying a home if you've had misfortune. I'm not sure what the numbers are but there have been literally millions of foreclosures over the last several years. If that happened to you, I'm sorry to hear it. The good news is you may be eligible to be a homeowner again. There are generally waiting periods but then you can take the plunge again if you want. The waiting periods can be anywhere from 1-7 years. For example, if you had a foreclosure the waiting period could be as long as 7 years if you're doing a conventional loan (you can Google the definition of that and the loan amount for your area) but may only be 3 years for an FHA loan. In fact, I had a client who had ... 07/09/2013

  West Bellevue’s real estate’s market showing signs of  summer weakening The median list price in West Bellevue, WA 98004 this week is $1,598,000 is unchanged  from last weeks $1,598,000.  The Market Action Index (MAI see chart below) has been trending down lately.  These trends imply a weakening market.   Supply and Demand The West Bellevue real estate market has been cooling over time and prices have recently flattened.   Despite the consistent decrease in the Market Action Index, we’re in a Seller’s Market (where significant demand leaves little inventory available).  If  the MAI  begins to climb, prices will likely follow suit.  If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.   Price Recently we have seen prices in  West Bellevu... 07/09/2013

Hi all: I hope you're well. We are blessed with beautiful weather and it appears it's going to stick around for a while. I wanted to touch on the loan front today and what it takes to get a loan todayin Bellevue, WA.-July 2, 2013! Although getting a loan today isn't easy, it can be done. It all starts with a competent loan officer. First, a brief story. I was on the phone with a listing real estate agent this morning and he commented that all the loan officers he ever talked to were more reassuring than me. I told him that there are basically no guarantees and any loan officer who is promising an easy file isn't being truthful. The truth is our business is tougher than ever and I spend a lot of time just making sure my client is approved. That being said, here are some tips for you to g... 07/02/2013

  West Bellevue’s real estate’s days-on-market increasing The median list price in West Bellevue, WA 98004 this week is $1,595,000 is down  from last weeks $1,598,000.  Days-on-market has been trending up recently but the Market Action Index (MAI see chart below) and inventory levels are basically flat and not providing strong indications for the market.    Supply and Demand In the last few weeks the real estate market in West Bellevue has been cooling and prices have recently flattened.  Despite the consistent decrease in Market Action Index (MAI) we’re in a Seller’s Market (where significant demand leaves little inventory available).  If the MAI begins to climb, prices will likely follow suit.   If the MAI  drops consistently or falls into the Buyer’s zone, watch for downward pressur... 07/02/2013

The rapid rate of home sales in Bellevue has kept home prices rising in 2013.  As the length of time on the market for real estate in the area continues to shrink alongside inventory, buyers are finding that there isn't much negotiating room for them in terms of purchase price. The median Bellevue home sale so far in June had a list price to sale price ratio of 99%.  This basically means that half of homeowners who have sold their homes this month have gotten everything they wanted, or more.   This statistic actually underestimates the prices that buyers will have to offer to get a home today in Bellevue.  The median sale price takes into account discounts to the home price that buyers received after inspections and more negotiations.  For the initial offer on a home, it's very likely t... 06/25/2013

    West Bellevue’s real estate’s market showing signs of  flattening  The median list price in West Bellevue, WA 98004 this week is $1,598,000 is unchanged  from last weeks $1,598,000.  Inventory has been lightening lately and the Market Action Index (MAI see chart below) has been trending up.  These are mildly positive indications for the market. Supply and Demand In the last few weeks the real estate market in West Bellevue has a relatively stasis point in terms of sales to inventory.  However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.  If the market heats up, prices are likely to resume an upward climb. Price Recently we have seen prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Mark... 06/24/2013

Hi all: I hope you had a great weekend and a good start to the week. Interest rates have risen. What should you do? It's been a little shocking lately as the ten year treasury yield has risen to over 2.5%. This is off a low of closer to 1.5%. For all you who may not know what this means, mortgage interest rates are determined by the price of mortgage backed securities that are tied to the ten year coupon rate. At the low, we saw rates at or very close to 3.25% for a 30 year fixed mortgage O.A.C. Fast forward to today and rates are at 4.75% and actually cost a little bit. This is for a purchase with 20% down and at least a 740 credit score on a loan amount of $417,000 or less. If you are purchasing or planning to purchase, be prepared for some rate volatility. If your loan amount is grea... 06/24/2013

May 2013 Homes Sales Report King County & Eastside Cities of Bellevue, Redmond, Kirkland, Issaquah and Sammamish. May of 2013 King County closed sales were up modestly 19.3% from May 2012 (3122 v 2618). The Eastside showed closed sales up 23.4% (1077 v 873) The median home price in King County in May was up 15.39% to $375,000 The Eastside showed gains with a median sales price up 13.41% to $499,000. That's a 13.67% increase since a median sales price of $439,000 back in January 2013 In this months Home Sales Report Pending sales across King County are up 6.01%, and up 6.37% on the Eastside. Inventory year over year from last year is still in decline. In May total active listings were down again a 26.70% in King County and down 29.62% on the Eastside from May of 2013. In past home sales... 06/21/2013