Eastside condo prices have continued to increase this year, headed toward another 10-12% in appreciation by the end of the year. While a record breaking $13.9 million dollar condo just came on the market at Bellevue Towers, not all condo prices are sky high. There are opportunities to find affordable digs in downtown Bellevue. Within the central business district there are currently ten condos priced under $500,000 and if you step just a few blocks outside the CBD another half dozen or so condos priced under half a million dollars are on the market.
The local real estate market typically slows during the month of August and through the Labor Day holiday weekend. If you’re in the market to buy a condo downtown, be patient, there should be more homes to choose from in the coming weeks. If you’re getting ready to sell, now is the time to get your home in ready-to-show condition and take advantage of what promises to be an active fall market.