Bellevue Real Estate was booming in 2014 and it looks like the trend will continue in 2015. Homes are selling quickly, builders are starting new projects and prices are on the rise. It is a great time to own real estate in Bellevue!
So what were the 2014 numbers? According to the statistics, the average Bellevue home is a 3 bedroom, 2 ½ bath home with about 2400 square feet. There were 552 homes sold in 2014 in the Bellevue area. Average sales price was $265,000, which represents a 5% increase over prices in 2013. Average days on the market for a Bellevue home was 66.
If you are considering a move in 2015 in Bellevue or want to buy a home in Bellevue in 2015 be prepared to move quickly. Inventory is low which means good homes that are priced correctly sell quickly. Homes priced below the average price of $265,000 sell even quicker. And if you are looking for a property below $200,000 in the Bellevue area, you need to be prepared to move extremely fast- most of these homes sell within the first few days on the market.
Builders such as Fox Ridge Homes at Avondale Park are continuing new build projects in the Bellevue area. Jones Company started its Travis Trace Development off of McCrory Lane with the first homes scheduled to close this month. Dalamar has several projects going including Natchez Pointe, Summit Oaks and their new project on Sawyer Brown Road called Cedar Place. Danco Builders continues to build at the Enclave at Harpeth Village.
As an added plus, experts predict that home values will continue to rise in 2015 as Nashville continues to grow. More development in Bellevue means more new homes and the expectation that prices would continue to rise. Bellevue's easy commute to downtown Nashville, relative affordability as well as neighborhood amenities make it a desirable area for people moving into Nashville.
2015 looks to be a great year for Bellevue Real Estate.