#981 - Bellevue Passes Manhattan with the Median Home Price $100K Greater than Manhattan

Brutal housing market. Will get even worse for future buyers. Good luck to all buyers in the area!

We had it all wrong. It turns out once-sleepy Bellevue was sprinting there first. You’ve probably been rubbernecking, as I have, at these insane stories about bidding wars for Eastside real estate. This week a Seattle Times colleague noted one house in Bellevue got 14 bids and sold for $1 million more than the asking price.

Local agent Matt Miner relayed that last year he lost out on a $900,000 house in Bellevue because there were 56 other offers. He expects that dizzying pace to slow later this year — but Bellevue now has its own definition of slow.

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