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Home 2011 Market Report for Bellevue, Washington

2011 Market Report for Bellevue, Washington

2011 Market Report for Bellevue, Washington

2011 Market Report for Bellevue, Washington

Real estate was on a lot of peoples minds and in their conversations last year. Now that last year is done we can report on activity, averages and trends in this 2011 Market Report for Bellevue, Washington.
Bellevue real estate activity was brisk throughout the year, as inventory reductions were triple the sales dip. Based on the experiences and evaluations of the Phil Leng Team it looks like 2012 has all the potential for a banner year, even with the release of many bank owned properties. Our Phil Leng Team sold 68 homes this past year with an average market time of 49 days, so apparently our marketing and research is quite effective for our clients.

The overall statistics for Bellevue are encouraging. Look at the graph below: The Red bar is the number of houses for sale by month. The Green bar is the number of houses sold by month. Which of these two categories would you want to be in? The red category, or the green category? The Phil Leng Team will sell your property promptly, your home acquisition will be thorough and fun. Let's go Green!

2011 Market Report for Bellevue, Washington.

The trend of median sold prices in Bellevue expresses a dip reflected in the inventory reduction. With such a reduction one could expect a greater downward dip in the median price than we're seeing in this 2011 Market Report for Bellevue, Washington.

2011 Market Report for Bellevue, Washington.

Good news in Bellevue! The number of new properties (new listings) going up for sale every month has been dropping consistently. It looks like the trend of new listings in this 2011 Market Report for Bellevue, Washington is down. If you like your house, and do not need to sell it in the next 5-10 years, why put it up for sale?

2011 Market Report for Bellevue, Washington.

The average Days on Market in Bellevue appears to have been fluctuating significantly. The graph shows a 21% drop in days on the market. But then, look at the year-over-year bar and it becomes more stark. Market influences seem to be getting more favorable on both sides of the real estate transaction.

2011 Market Report for Bellevue, Washington.

The Months Supply of Inventory in Bellevue Washington has gone down. Good for sellers. Interest rates are at an all-time low. Good for buyers. Looks like a good time to make a decision. The graph shows 28% over the year, however it will not actually be that much due to seasonally-removed properties coming back on the market this spring.

2011 Market Report for Bellevue, Washington.

Conclusion: If you are a serious seller and need to sell this year in Bellevue, hire the Phil Leng Team. We have the experiences, resources and the track record to help you reach your real estate goals.

All data for this 2011 Market Report for Bellevue, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.



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Posted Friday Jan 13