This morning there are 33 single family homes in Bellevue listed for sale on the NWMLS for less than $500k. There are 4 listed for $400k and less. These are still not huge numbers, but they are increasing and its a trend I believe we will be seeing for awhile. There still don’t appear to be too many great deals for buyers out there, but it is becoming more of a buyers market. I believe that those who want or need to sell their homes have already waited too long to get top dollar. Still the same, there are some buyers out there and with proper marketing, advertising and (most importantly) proper pricing, properties can still sell. If you are waiting to decide to sell, I’d encourage you to list your home asap - or simply wait for changes in the market (realizing that this part of the cycle could take a number of years).
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