05/23/2015

PCCP and Align Real Estate Form JV to Purchase Pacific Towers Office Building in Downtown Bellevue

Pacific Tower Downtown Bellevue

PCCP, LLC recently announced that it has formed a joint venture with Align Real Estate to acquire the six-story, 110,372-square-foot Class A Pacific Tower office property within the central business district of Bellevue, WA. The property is 95 percent occupied and includes ground-floor retail and a three-level parking garage consisting of 315 stalls. The acquired […]

Pent-up demand triggering record pace of home sales around Western Washington

Northwest Multiple Listing Service members notched a record high level of pending sales during April, surpassing the year-ago volume by nearly 1,800 transactions. Both closed sales and prices also surged last month as the spring market kicked into high gear. Buyer confidence and buyer ability to purchase are fueling activity, suggested Ken Anderson, the managing […]

VITEK Mortgage Group Expands into Washington

VITEK Mortgage Bellevue

VITEK Mortgage Group has announced their expansion into Washington. Their new team and office are located in Bellevue, WA at 10900 NE 8th Street Suite #110.  This new VITEK location will be the first of many to come in Washington, as they anticipate opening more offices in the near future. The seasoned professionals of the new VITEK […]

Frenzied Local Home Market Frustrating Home Buyers

Buyer anxiety is rising as the pace of home sales is faster than brokers are able to replenish inventory, according to members of Northwest Multiple Listing Service. Figures just released for March show 11,408 pending sales during the month while only 10,505 sellers listed their homes for sale during the same period. The market imbalance […]

11 Questions with Scott Cameron Co-Founder of Land Advisors Organization

Scott Cameron Co-Founder of Land Advisors Organization

What was your first ‘job’? My very first job was at a grocery store in my home town. I stocked shelves and bagged groceries when I was in high school. What did you do before you got started in real estate? After I graduated from college, I worked for a division of US Steel Corporation […]

Early Spring Brings Bumper Crop of Homebuyers Who Face Inventory Drought

Favorable weather and restored confidence are propelling home buying activity around Western Washington to the highest level in nearly a decade, according to Northwest Multiple Listing Service sources. “The pent-up demand being unleashed has rocketed pending sales back to the levels of our record year in 2006,” said Ken Anderson, president/designated broker at Coldwell Banker […]

The End of Houses in Bellevue Below $500k?

Is it possible that we have seen the end of houses in Bellevue priced at less than $500k?  This was the Bellevue Homes Report that I posted at A New Day Real Estate early this morning:   In the past couple of days, there has been 20 new single family residences in Bellevue listed for […]

Half of Condos For Sale in Bellevue at Washington Square

According to a post this morning on A New Day Real Estate’s Bellevue Condo Report, half of the condos listed for sale in Bellevue are located at Washington Square in downtown Bellevue. Although there are 140 condo properties in Bellevue listed for sale, a few of them are at 55+ communities and one of them […]

Low Rental Inventory, Strong Rents Good Signs for Landlords in Bellevue

Today on the Bellevue Rental Report at A New Day Real Estate, I talk about the lack of properties in Bellevue being offered for lease on the NWMLS. Low rental inventory and very strong and increasing rents makes it a good time to be a landlord in Bellevue.  If you are considering renting your investment […]

Average Asking Price of a Home in Bellevue: $2.2 million

Yesterday on the blog at A New Day Real Estate, I posted the most recent Bellevue Homes Report.  I pointed out that last week I had been prematurely optimistic about the number of homes coming on the market in Bellevue and that inventory had once again declined. A couple of interesting statistics about single family […]