Are Million Dollar Condos Selling In Downtown Bellevue?

 

Out of my own curiosity, I wondered this morning how many million dollar condos are selling in Downtown Bellevue.  I pulled a six month range of units sold and found 11 condos with sale prices of $860,000 on the low end up to $1,375,000.  The average price per square foot was $522.28, with an average sale price of $1,036,945.  These 11 condos sold at 97% of the listing price.  However, keep in mind that discounts in new construction are often given in the form of concessions (parking, closing costs credits, unit upgrades, etc…).  So the average discount on some of these units may be closer to a 7-8% discount off list.

I’ve built the table below of the units referenced. As always, contact me if you have any questions.

[table id=34 /]

The searched contained all units sold between 12/15-6/18.  The price range was $800,000 – $1,500,000.

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