Spring 2026 Eastside Market Update

Spring is historically the strongest season for real estate on the Eastside, and 2026 is shaping up to follow that pattern. Here's what the latest data tells us about the luxury market across Bellevue, Kirkland, Redmond, and surrounding areas.

Inventory: Still Tight at the Top

Luxury inventory on the Eastside remains limited. For properties in the $1.5M to $4M range, well-priced homes are receiving multiple offers within the first two weeks. This is particularly true for waterfront properties and homes in top school districts.

For sellers, this means timing and pricing strategy are critical. Listing at the right price with the right preparation generates competition. Listing too high, even by 5-10%, can result in extended time on market and eventual price reductions that signal weakness.

Pricing: Steady Appreciation

Year-over-year appreciation in the luxury segment has been moderate but consistent. Bellevue waterfront has seen stronger appreciation than average due to limited supply. Golf course properties in Newcastle and Broadmoor continue to command premiums.

Buyer Activity

Buyer demand remains strong, driven by continued tech sector employment growth and corporate relocations. Out-of-state buyers, particularly from California and the Northeast, continue to find the Puget Sound area attractive relative to their home markets.

What This Means for You

If you're a seller considering the market, this spring presents a strong window. If you're a buyer, be prepared to move quickly on well-priced properties and have your financing in order. Either way, the data supports making a strategic decision rather than waiting indefinitely.

For a personalized analysis of your property or neighborhood, reach out directly. The market data is useful, but understanding how it applies to your specific situation is where real value comes from.