Bellevue is the other metropolitan city that has really grown in since 2000. Today, downtown Bellevue is the home and hub for many large and small scale businesses. A quick drive to downtown Bellevue and you will notice cranes everywhere. New high rises are under construction and more condo units to come. CNNMoney named Bellevue the #1 place to live and launch a business.
The population is affluent and ranks among the top 20 wealthiest communities in Washington. Bellevue’s rapid growth has made it financially attractive for many companies including those dealing in home insurance, real estate and property development.
For the most part, you can classify Bellevue into three parts: West of Bellevue, East of Bellevue, and downtown Bellevue. West of Bellevue host neighborhoods such as Clyde Hill and Medina with median listings at $2.75 million, median SOLDS, $1.4 million. East of Bellevue the homes are more affordable. Downtown Bellevue residential units mostly consist of condos, some condo conversions, and a couple small pockets of townhomes.
As you can imagine, condos are big in downtown Bellevue. High rises can range from $300k to over $2M for penthouses with panoramic views of Lake Washington and Mt. Rainier. While prices range the gamut, to put condo prices into perspective median ACTIVES are $519k (2 beds / 1.75 baths) and SOLDS are $400k – not too bad.
A few of the newer condo projects are Bellevue Tower, Washington Square, Bravern, and Lincoln Square.
*Stats based on first quarter of 2009.
Bellevue Square Mall
One of the top 20 sales grossing malls in the nation averaging $672 per square foot. The Bellevue Collection built by developer Kemper Freeman includes Bellevue Square, Bellevue Place, and Lincoln Square.
Nice shops include Nordstrom’s, Bon Macy’s, Ben Bridge, See’s Candies, P.F. Changs, Lululemon Athletica, Burberry, and Movado.
Downtown Bellevue Restaurant Highlights
Whatever you’re in the mood for, Bellevue will have it. Grab a bite at The Cheesecake Factory or if you’re in the mood for Asian, P.F. Chang’s or Facing East will satisfy. For casual dining Nordstrom Café is a great place with tasty food that’s light on the pocketbook. For those with a sweet tooth or wanting a light desert, try popular frozen yogurt shops such as Red Mango, Cefiore, or Shnoo.
(As of June 8, 2009)
Homes for Sale in Bellevue, WA: 621
Median Price of Bellevue Homes: $799,000
Median Days on Market for Bellevue Homes: 63