About This Site

By George Thurtle

Bellevue Homes and the Bellevue residential real estate market is what we keep track of and what we talk about here. Bellevue has three distinct neighborhoods. East Bellevue has affordable homes in a great location with easy access to major employment centers and shopping. East Bellevue is the focus of the City of Bellevue’s neighborhood planning and transportation infrastructure for the future; this will be an area to watch. West Bellevue is located west of I-405 and has a variety of neighborhoods and is the area that contains neighborhoods such as Clyde Hill, Medina and Vuecrest and is home to some of the wealthiest people in the world. However don’t be fooled there are nice affordable older homes in neighborhoods you can walk to downtown Bellevue from. South Bellevue is south of I-90 and is known for its view neighborhoods such as Somerset and Lakemont and affordable well located family homes in the Eastgate neighborhood. Great I-90 access with some of the best views in the Puget Sound area is the highlight of this area. (To read more click on the link above)

Latest Blog Posts

Distressed Inventory Report 8-28-10

By George Thurtle

The inventory of distressed homes does appear to be peaking. There is a lot of turn over in the homes with Notice of Trustee Sale with many of those numbers falling; particularly in South Bellevue and East Bellevue.  You can most likely read into this that more banks are approving short sales. The only area [...]

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Weekly Scorecard 8-23-10

By George Thurtle

The numbers are somewhat interesting. It appears inventories are peaking except for West Bellevue where they continue to climb. The fundamentals of the West Bellevue market look a little weak with rising inventories and very week pending sales in the last four weeks. The closed sales look OK but those pending sales numbers are not [...]

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Distressed Inventory Report 8-21-10

By George Thurtle

The same trend continues as last week. It appears that both foreclosures and Notice of Trustee Sales have peaked. Again as I mentioned last week I am not sure if this is due to the seasonal work load of the loan servicers going on vacation but we will know by the third week in September.
The [...]

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Weekly Scorecard 8-17-10

By George Thurtle

It appears inventories are peaking and we are seeing closed sales come more in line with in MLS Area 530 (East Bellevue). The other two areas that still have a big spread between closed sales and pending sales. the disturbing faactor is that while inventories have peaked, if you look at pending sales they are [...]

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Distressed Inventory Report 8-12-10

By George Thurtle

The news this week is that distressed inventory appears to be peaking or else the lenders are on vacation and not processing the new defaults. We will know more by the end of September when they return from vacation. This is not a joke as the case loads are so high that work cycles are [...]

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About Bellevue RE

BellevueRE.net is presented by George Thurtle of John L. Scott.

Contact George at 206.713.3355 or via email at georget@johnlscott.com.