The Bellevue real estate market is often misunderstood, with myths persisting about limited inventory and foreign buyers dominating sales. Bellevue WA real estate agent Tom Covello helps demystify these realities. Covello provides facts and data showing the truths about Bellevue real estate compared to assumptions. The following insights from experienced brokers can help realign perspectives:
Bellevue real estate market is not just for the rich
One of the biggest misconceptions about Bellevue is that you need to be wealthy to live here. There are several fairly priced options available, even though the Medina and Clyde Hill communities in Bellevue are largely residential for wealthier homeowners. Areas south of I-90 like Factoria and Eastgate provide condos and townhomes that are reasonably priced for middle-income buyers. You can find fixer-uppers for under $500k even in Downtown Bellevue.
Homes for sale in Bellevue: Downtown Bellevue is not just office buildings
Many people think downtown Bellevue is dominated by tech company campuses and high-rises filled with office space. Downtown has a residential aspect as well as commercial parks and company headquarters. Developers have recently focused on creating luxury condos and flats right in the heart of the city. These apartments are popular with young professionals and empty nesters because they provide features like yoga studios, rooftop lounges, and fine dining just downstairs.
Commuting from Bellevue is manageable
Bellevue has a reputation for nasty traffic congestion. But for many residents, commute times are reasonable. The city has direct bus routes to Seattle and Redmond tech hubs, plus the Sound Transit light rail connects Bellevue to Seattle. Many professionals work in downtown Bellevue and enjoy walking or biking to the office. Smart commuters can avoid delays by utilizing transit and work-from-home options.
Bellevue schools are not just for the elite
The Bellevue School District includes some of the top-ranked schools in WA state. Outstanding public education is available to students across the economic spectrum. Bellevue’s public schools are exceptionally well-funded due to its high property values. This allows them to offer AP classes, technology programs, and extracurriculars you’d expect at private institutions. Families don’t have to pay elite private school tuition for a top-notch education.
Outdoor recreation abounds all around
Bellevue conjures images of urban sprawl, shopping malls, and glass office towers. Few people associate it with abundant outdoor recreation. Yet the city has a thriving parks system with numerous bike paths, hiking trails, sports fields, and waterfront parks. The Issaquah Alps mountains and Lake Washington beckon on Bellevue’s doorstep. You’re never far from skiing, paddleboarding, mountain biking, or kayaking with a front-row seat to beautiful Pacific Northwest nature. Bellevue luxury living includes easy access to the great outdoors.
How to buy a home in Bellevue
The first step to buying a home in Bellevue is to get pre-approved for a mortgage, which will determine your budget. Then find a real estate agent familiar with the various neighborhoods to help you identify homes within your price range. Schedule tours of promising listings, decide on a property after thorough inspections, submit a competitive offer with the help of your agent, and negotiate any counteroffers. Once the offer is accepted, you can finalize the mortgage paperwork and prepare for closing on your new Bellevue home.