Condominium statistics by Building in Bellevue Nov. 2012 One Main Street 1 unit Total Active $915.83 Avg. List Pr/Sqft $1,099,000 Avg. List Price 4 units Sold last (6 months) $399,925 Avg Sold Price 118 Days on Market to Sell
One Lincoln Tower 3 units Total Active $728.30 Avg. List Pr/Sqft $1,428,333 Avg. List Price 4 units Sold last (6 months) $743,000 Avg Sold Price 8 Days on Market to Sell
Bellevue Towers 43 units Total Active $518.27 Avg. List Pr/Sqft $1,146,647 Avg. List Price Sold last (6 months) 99 units $664,564 Avg Sold Price 159 Days on Market to Sell
Washington Square Total Active 17 unit Avg. List Pr/Sqft $627.27 Avg. List Price $896,382 Sold last (6 months) 3 units Avg Sold Price $568,333 Days on Market to Sell 147
The Mondrian Total Active 0 unit Avg. List Pr/Sqft NA Avg. List Price NA Sold last (12 months) 2 units Avg Sold Price $672,500 Days on Market to Sell 24
1200 Bellevue Way Total Active 0 unit Avg. List Pr/Sqft NA Avg. List Price NA Sold last (6 months) 2 units Avg Sold Price $506,975 Days on Market to Sell 7
Whaler’s Cove Total Active 0 unit Avg. List Pr/Sqft NA Avg. List Price NA Sold last (12 months) 1 unit Avg Sold Price $810,000 Days on Market to Sell 143
Meydenbauer Bay Total Active 0 unit Avg. List Pr/Sqft NA Avg. List Price NA Sold last (6 months) 1 unit Avg Sold Price $1,195,000 Days on Market to Sell 4
Bayshore East Total Active 1 unit Avg. List Pr/Sqft $387.86 Avg. List Price $799,000 Sold last (6 months) 1 unit Avg Sold Price $865,000 Days on Market to Sell 8
101 Meydenbauer 0 unit Total Active NA Avg. List Pr/Sqft NA Avg. List Price 1 units Sold last (12 months) $549,500 Avg Sold Price 707 Days on Market to Sell
Email us for a FREE online version of our SELLER BOOK! clang@windermere.com Cherie 206-391-2021 Luke 206-255-0280
90 units $505.42 $939,222 185 1,763 $139,000 $859,250 $5,533,800
Total Sold Units (last 6 months): Avg. Sold Pr/Sqft Avg. Sold Price Current days on Market when sold Avg. Square footage Lowest priced sold unit Median priced sold unit Highest priced sold unit
Stats compiled from NWMLS data on November 29th, 2012
in our listing tool box
“It's best to have your tools with you. If you don't, you're apt to find something you didn't expect and get discouraged.” Stephen King, Author. The first and most import tool in listing your Condo is PREPARATION. Listing your condo is exciting! But great results are guaranteed with well thought-out preparation. So we begin our journey together with a head-to-toe tour of your unit, storage and parking spots. We bring any past history that we have about your unit, i.e. mortgage information, the legal description, county records, info about your complex, etc. We listen intently to your questions, desires, needs and opinions. We visit any issues or challenges you feel may exist. We discuss your goals in selling and map out the course step-by-step. In doing so, it sets the stage for a smooth transaction and a top dollar result!
NEXT MONTH TUNE IN FOR #2
Featured Listing One Main Street Condominiums 3 bedrooms 2 baths 1,568 sqft corner unit
Offered at:$925,000 MLS: 410673
Rare, 3-bedroom corner unit at One Main Street. Chic location near Gilberts, Southeast exposure, floor to ceiling windows, corner balcony, gas BBQ. Built-in dining buffet, kitchen w/ Bosch stainless appliances and full granite. Control 4 system, doc stations, electric blinds, heated master bath floors, all at the touch of your Ipad. Limestone, hardwoods,Boutique living.
Already Pending!
10000 Main St. #306 Bellevue, WA 98004 For more pictures or information please visit: TheBellevueBlock.com
Is my Complex “Lender Friendly?”
Condominium statistics all downtown Bellevue Condos Total Active Units: Avg. List Pr/Sqft Avg. List Price Current days on Market Avg. Square footage Lowest priced unit Median priced unit Highest priced unit
#1
of 50 Tools
201 units $358.07 $537,442 102 1,435 $95,000 $464,000 $3,500,000
When purchasing a condominium, there are a few additional requirements that can determine your ability to qualify for a home loan. You can purchase a condo with as little as a 5% down payment (or 3.5% down payment on an FHA loan); however, in order to qualify for the lowest rate available, a 25% down payment is required. Lenders will consider the condominium project as a whole and will need to approve the project in addition to you as a borrower. While guidelines can vary, generally speaking, here are the requirements a condominium complex must meet: 70% of the units must be sold to buyers who will occupy their homes and not rent them out. No single entity can own more than 10% of the units in one project. Commercial space may be only 20% of the total square footage. No more than 15% of the Homeowners may be delinquent on their association dues. The association must have a budget that is adequate to provide for maintenance, replacement of capital expenditures and deferred maintenance. (continued, for rates and lender The association must have reserves of at least 10% of the budget. info see other side)