Yesterday the Sunday Seattle Times posted an in depth report on what has been a booming real estate market in Seattle and surrounding areas. Bellevue in many areas has lead the pack in year over year percent increases. Bellevue property values averaged an increase of 17% from 2005 to 2006.
The Medina/Clyde Hill Neighborhood lead all Seattle area neighborhoods with an average median price of $1.3 Million per house. The Bridle Trails/North Bellevue neighborhood had the highest average percent increase at 22% increase for 2006.
The underlying message is that people want to live in Bellevue…can you blame them?
For now… Bellevue property=Good investment