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Home sales jump in West Bellevue in May

Sales of single family homes in West Bellevue jumped in May over April and held close to steady in East Bellevue, according to the latest figures from the Northwest Multiple Listing Service.

There were 32 closed sales in West Bellevue in May, up from 23 in April. The median sales price in May was $832,750, down from a median sales price of $930,000 in April.

In East Bellevue, there were 51 closed sales in May, down from 59 in April. The median sales price in May was $440,000, down from $492,000 in April.

In both areas, the number of closed sales was up in May 2010 from May 2009. There were 25 closed sales in West Bellevue in May 2009. In East Bellevue, there were 46 closed sales in May 2009.

For condos, the number of closed sales rose in both West and East Bellevue.

In West Bellevue, there were 13 closed sales in May 2010, compared with eight in May 2010. In East Bellevue, there were 24 closed sales last month, compared with 20 for the same month last year.

Prices were generally steady.

In West Bellevue, the median sales price of a condo in May 2010 was $320,000, compared with $317,500 in May 2009. In East Bellevue, the median sales price of a condo was $204,250, compared with $222,500 in May 2009.

There were 77 new listings of single family homes in West Bellevue in May 2010, compared with 83 the month before. In East Bellevue, there were 88 new listings in May 2010, compared with 131 the previous month.

There were 236 total listings for single family homes in West Bellevue in May 2010 compared with 226 the previous month. In East Bellevue, there were 263 total listings, compared with 265 the previous month.

In West Bellevue, there were 39 new condo listings in May 2010 and a total of 230 on the market. In April 2010, there were 47 new listings and 236 on the market.

In East Bellevue, there were 39 new listings in May 2010 and a total of 162 on the market. In April 2010, there were 68 new listings and a total of 193 on the market.

Realtors noted that the federal tax credit for home buyers expired at the end of April, but that they expected to see a continuation of low interest rates through summer.

Northwest Multiple Listing Service, owned by its member brokers, is the largest full-service MLS in the Northwest. Its membership includes more than 24,000 brokers and agents. The organization, based in Kirkland, currently serves 21 counties in Western and Central Washington.

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