In contrast to the rest of the nation’s rather lukewarm housing recovery, luxury Belleuve homes are doing anything but. Among homes priced over $1M in Bellevue, 81 homes were sold in the past 6 months. What’s particularly noteworthy is how quickly these homes are being sold, the quickest sale being 3 CDOM (combined days on market).
The median number of days on market was 75 CDOM. However, one particular home was on the market for 656 days and 1146 CDOM. (It was originally listed at $5,780,000 and sold for $4,980,000). For homes over $1M in Bellevue, the sales price as a percent of list price in the past 30 days was 96.51%, further illustrating that the crème de la crème of real estate is still in high demand.
This activity among luxury homes for sale in Bellevue is supported by its job market. In fact, there are more jobs in Bellevue than there are residents. Over the past 35 years Bellevue has been transformed from a largely residential community with about 20,000 jobs to a major regional economic and employment center.
Bellevue has a particularly strong employment base in new economy industries such as engineering and information technology and digital media. The percentage of jobs in Bellevue in these growing and well-paying industries is significantly higher than in the region as a whole.
Here are a few homes in Bellevue available now:
11704 NE 34th St, Bellevue 98005
Sq. ft.: 5554 Year Built: 1977
From the listing:
The best in resort style luxury living..this property has everything! Set on a sun-filled, sprawling 1.23 acre estate in Bridle Trails, with 5554 SF of pure luxury. One-level main home, completely remodeled with the finest materials. Guest home with full amenities & folding walls of glass bring the inside out or outside in, designed for all NW seasons. Full-size tennis court, heated outdoor pool, sauna, & steam room. A retreat from the busy world~your friends and family will not want to leave!
11 Crescent Key, Bellevue 98006
Sq. Ft.: 4890 Year Built: 2004
From the listing:
Stunning Newport Shores custom craftsman with 90 foot water front, totally rebuilt in 2004. Exceptional quality of craftsmanship with custom cherry cabinets, gleaming walnut floors, chef’s kitchen, vaulted great room with wall of windows and water views. Entertain with style and ease in this handsome and grand home with main floor master. Rare four car garage plus finished hobby room or boat garage on lower level. Enjoy the finest in Lake Washington moorage and all the amenities of Newport Yacht Club.
721 99th Ave NE, Bellevue 98004
Sq.Ft.: 3640 Year Built: 2001
From the listing:
Live in Lochleven, Bellevue’s most desirable neighborhood for its close proximity to downtown Bellevue & its nationally ranked schools. Gorgeous 4 bed/3.5bath home with fabulous floor plan graced with beautiful hardwoods. Enjoy the latest in kitchen trends with clever cabinetry, hidden appliances, expansive island with granite counter tops & linger at the kitchen eating space with fireplace & wine refrigerator. Over $90k in upgrades, full AV spectrum, and beautiful curb appeal & play area. 3 car garage + storage!
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