November 19, 2007 by Joe Kennedy.

As anyone familiar with Bellevue knows, there are a number of huge high-rise condo projects being built, with well over a thousand new units scheduled to come on the market over the next couple of years alone. Here are some of the projects currently under construction:

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Posted in Residential, Condos, Bellevue | No Comments »

September 23, 2007 by Joe Kennedy.

AAA Properties is now offering $500 Flat Fee Listings with more personal service than is offered through the competition.  Instead of simply listing your property on the local multiple listings service, AAA also provides a yard sign, lock box and takes professional digital photos of your property for your listing.  A flat fee listing with AAA can be for up to a year, can be extended at no charge or canceled at any time.  As an added bonus, if your property is on the Eastside, AAA Properties will advertise your property in the print edition of Eastside Business until it is sold.

Currently covering most properties in Washington state and all properties in San Diego County, California.  To list your house or condo today, call 425-455-5478 or 800-441-LIST.

In order for a home seller to get to price for their property, it is necessary to expose the property to as many prospective buyers as possible.  THE way to do that is to have it listed on the local MLS, which is used by thousands of real estate agents to help find homes for their buyers.  It will cost you a $500 upfront list fee and a commission for the selling broker, but the amazing exposure provided through the mls will undoubtedly help you find the buyer who is willing to pay the highest price for your property.

If you are a buyer who wants to save money, AAA Properties offers a commission rebate program which enables buyers to put thousands of dollars of cash into their pockets at closing.  AAA Properties is currently developing real estate search sites for WA and CA at DeLuz.com and YourEastsideBroker.com - visit these sites today to see how many properties are for sale in your city.

Posted in Eastside Business, NWMLS, Commissions, Listing, Bellevue, Condos, SFR | No Comments »

June 26, 2007 by Joe Kennedy.

As of this evening, there are 163 condos for sale in the city of Bellevue.  The least expensive is a 446 sq ft studio listed at $210,000 and the most expensive is a 4 bedroom, 3.5 bath home of 3,588 sq feet listed for sale at a modest $3,550,000.

The average number of days on market is now at 42 and I look for this number (as well as number of listings) to continue to increase.

Posted in Condos, Statistics, Bellevue, Uncategorized | No Comments »

June 4, 2007 by Joe Kennedy.

Today there are 143 Bellevue condos listed for sale on the NWMLS.   This is up from the  130 that were on the market on May 27th.  Listing prices are $210,00 to $3,550,000, with the average being a whopping $481,308 and the mean at $362,400.

It should be interesting to see what happens to the condo market in the coming months.

History has shown that the condo market takes the worst hit when a real estate market begins to slow, but there are some factors that will probably have an effect on the local market.  There are many projects here in Bellevue that will be coming on line in the next couple of years, which will add to available inventory, which could theoretically lower prices.

At the same time, there are also commercial projects that are scheduled to come on line with lots of office space (and employees to work in those offices).  Those office workers are all going to need to live somewhere - and I hope that they choose to live close to where they work so they do not add to our already severe traffic problems.  Perhaps they will be moving into the city and buying up all these condos - but if that is the case, will they be selling their homes in the outlying areas???

Posted in Condos, Statistics, Bellevue, Uncategorized | No Comments »

May 27, 2007 by Joe Kennedy.

Today there are 130 Bellevue condos listed for sale or pending sale on the NWMLS. They range in asking price from $194,950 to $3,550,000, with the average being $508,223. (this is driven up substantially by a small number of units on the high end located in downtown Bellevue). These condos range in size from 446 square feet to 3,588 square feet, with the average size being 1,176 sq ft. The average number of days on market is current 44, although I do look for this number to continue to rise.

If you have a condo you would like to sell, please remember that I list properties for your choice of only 1% of the sales price or $1000 up front. Both of these options include print advertising in Eastside Business and on a large number of websites for maximum exposure.

Posted in Condos, Statistics, Bellevue, SFR | 1 Comment »