Downtown Bellevue is growing at an explosive rate..is your investment capital ready to grow with it?
A few major projects under review for Downtown Bellevue.
1. Four 106 (Land Use Approval) 320 106th Avenue NE
2. OSA (Land Use Approval) 120 Bellevue Way NE
3. 600 Bellevue(Land Use Approval) 600 108th Avenue NE
4. Metro 112 Apartments, Phase II (Building Permit) 288 111th Avenue NE
5. 888 108th Avenue NE (Building Permit) 888 108th Avenue NE
6. Bellevue Vuecrest Apartments 1000 100th Avenue NE
7. East Link Bellevue Transit Center Station (Land Use Approval) 450 110th Avenue NE
8. Alamo Manhattan B2 (Land Use Approval) 10625 Main Street
9. Plaza Residential (Land Use Approval) 10850 NE 8th Street
10. Elev8 (Land Use Approval) 10833 NE 8th Street
11. 11210 112th Ave NE
12. GIS Plaza Building 930 109th ave ne
Historically, real estate price trends fluctuate within a 5-7 year cycle.
Since 2012, you could purchase a 800 sq ft condo in Downtown Bellevue for around $300k. Last month, that same condo has sold for around $650k.
According to the average real estate cycle we should be expecting a dip in prices. But because of continued overseas investments, high demand and low inventory. Downtown Bellevue is expecting increased market expansion!
So the question boils down to this…how are your investment dollars making you money with all these new construction projects?
In this day and age, information is power. I have attached a list of new construction condos (yes…condominums!), apartments and commercial towers in Downtown Bellevue.
If you are interested in investing and having a share in the future of Downtown Bellevue, our team is happy to answer any of your questions.
As your strongest advocate, you will see that our representation significantly impacts the outcome of selling your potential condo or offer.
Please contact RE/MAX Pacific Realty to discuss your home or the current market.