A New York Times article, titled “Housing Prices Fall 14.1% in Sign of Continuing Slump,” had a small blurb recognizing Bellevue as an area with “robust” sales.
Here is the excerpt:
As in other regions, the slowdown is hitting outlying areas first and hardest. Sales and prices are still robust in downtown Seattle and affluent suburbs like Bellevue because they are more desirable and closer to big employers like Microsoft, Starbucks, and Boeing.
“We are still getting multiple offers on properties there,” Phil Rodocker, a Seattle-based real estate agent, said about the downtown area and Bellevue. But “as you move south, every 10 miles south you go, you see more and more short sales and repossessed houses.”
Also included in the article is a neat interactive chart with major cities and their home prices and growth (or lack there of).
