One of the biggest challenges of owning a home is space—do you have enough of it, and if not, how do you get more? Many of us buy homes before getting married or starting a family. What once felt like plenty of room can quickly start to feel tight as life changes. And life certainly did change after Covid. So what do you do when your home no longer fits your needs?

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We are at the half way point in the real estate market. When the year started, the projected expectations were we would see a 12% increase in value between December 2024 to April 2025. January started out well enough. Median sold prices were hovering around $1.7 million, but since then the market has been steadily softing and some areas are showing either a smaller percentage gain to stagnate.

I have focused a lot on the West and East Bellevue housing market, but let's check in on some of the immediate areas that surround Bellevue. We have Newcastle(98006), Kirkland (98033), N Kirkland/Juanita(98034) and Redmond(98052) and see how their markets are doing in comparison to Bellevue.   Newcastle (98006) Newcastle sits just to the south of Bellevue and is made up of many neighborhoods that stretch from the waters of Lake Washington (Newport Shores) to the East to the Lakemont/Cougar Mountain neighborhoods.

Our local real estate market is seeing sellers flood the landscape with listings, but buyers aren’t diving in. Despite double-digit increases in active istings across the board, sales declined in all four regions—possibly signaling buyer caution amid ongoing national economic uncertainty. This complete 180 in supply and demand compared to last year’s intensely competitive market is already impacting price growth—but by how much, and for how long, remain key questions in the months ahead.

We are four months into the 2025 real estate market and trend’s are starting to take shape. Here are the latest numbers for East and West Bellevue and see how it stacks up to the first three months. Let's Recap the numbers from the first three months for East and West Bellevue. .  January had 24 homes sold for the month.

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The Bellevue WA housing market is settling in. Market projections heading into 2025 suggested a possible 12% increase in the median home sale price. This was specific to the Eastside Bellevue market. So far for the month of January the increase percentage was 10.61% and February ended with a 9.06% gain. So, not too far off. But let's not overlook what is happening in the Condo market.

Well, we are two months into the 2025 market and things are taking shape. Let’s review what we have observed so far in Bellevue WA and do a little predicting on where we are heading. January sales ended with 204 total closing for the Eastside which exceeded January of 2024(198) and January 2023 (184). Not the biggest jump, but still progress.

Here are the numbers from investigative reporter Greg Palast...

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YouTube video by The Daily Show

YouTube video by Greg Palast