98005, Bellevue, WA

Bellevue, Washington is a city located in King County, Washington. According to the 2010 census, Bellevue has a population of over 143,000 people. The city is home to many major corporations such as Microsoft and Amazon. Bellevue also has a large population of college students which contributes to the high demand for housing in the area.

Home prices in Bellevue have increased significantly over the past few years. In January of this year, Zillow reported that the median home value in Bellevue was $527,500. This is an increase of over 20% from January of 2016 when the median home value was $445,000. Over the past three years (2015-2017), the median home value has increased by 43%.

One reason for this increase in home values may be due to limited supply and increasing demand from buyers who are looking for properties in Bellevue. There are currently only 2,100 homes available for sale in Bellevue according to MLS data. This compares with 3,600 homes available at this time last year and 5,700 homes available at this time three years ago. Additionally, many homeowners who have been living in their homes for several years may be able to sell their property relatively quickly due to strong demand from buyers.

Despite these positive trends related to home prices and availability in Bellevue, there are some potential risks associated with buying or selling a property within this city limits. For example, there is a high rate of foreclosure activity within King County which could impact buyer confidence and lead to lower sales prices when properties do eventually come up for sale. Additionally, since there are only 2200 homes currently available for sale within Bellevue limits it may take some time before any new listings become available on the market which could lead to higher prices if no one is interested in purchasing them at that time period