Distressed Inventory Report 4-24-10
Some areas up some areas down but overall things seem to be leveling off or trending down. East Bellevue which had a spike up in inventory in past weeks had the opposite a spike down in distrerssed inventory. If you want a short sale go to South Bellevue where they had a spike up in the Notice of Trustee sales and also listed short sales. West Bellevue overall had a slight drop. It appears things are leveling off but with soft demand it is taking a while to sell off this inventory. The one thing I notice at the street level is that short sales seem to be getting done quicker; closer to 120 days instead of 180 days. You can see this in the fluctuation of the Notice of Trustee Sales.
The spreadsheet is link is here: Bellevue Foreclosure Report 4-24-10