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Winter 2012 Market Update
Bellevue is a great community for first-time homeowners as well as repeat buyers. It offers a great location - close to shopping, parks, entertainment and more.
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| Average Home Price | $200,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $200,000 - $249,000 |
| Worst Selling Price Range | $400,000 - $449,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Bellevue is | Increasing |
| Seller Activity for the past 90 days in Bellevue is? | No Change |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Lots of 1st time homebuyers opportunities available. 1st time homebuyers or anyone that hasn't owned a home for 3 years can get a $8,000 tax credit if the home is closed by November 30th, 2009. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | 1st time home buyer incentives and job market. |
| Nearest Metro Area | Nashville |
| Housing Hot Spots | Most cities within the Davidson County area are considered 'Housing Hotspots' |
| Average Sold Price | $200,000 - View Graph Trend |
Bellevue Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
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30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
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