View from Bellevue Towers Penthouse on the 41st floor, Photo Credit: Jason Foss of the NWG Team I COMPASS
The spring market for condos in downtown Bellevue has been very strong. We saw a 500% increase in pending sales (new contracts signed) in March compared with last year; 48 pending sales versus just 8 at the same time in 2020. Inventory of available condos based on pending sales is just under 1 month, meanwhile pricing is up 24% from this time last year to an average of $895/sf.
Do you anticipate it will be a buyers or sellers market for condos in downtown Bellevue this summer?
We are seeing
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