Weekly Scorecard 5-3-10
The news this week is the high sales volumes and drop in inventories. East Bellevue saw its inventory go from 275 homes to 250 homes. South Bellevue saw a similar drop with a drop 367 to 355. West Bellevue did see an increase from 220 to 232 homes. Sales volumes, both pending and sold, were high. South Bellevue had 20 closed sales and 13 pendings. West Bellevue where the sales volumes had been low saw a jump with 6 closed sales and 5 pendings. When you look at the spreadsheet you will see that the prices as usual are very sticky but a review of the sold inventory shows some of the bank owned homes which were in pretty sad shape are starting to move.
The spreadsheet is here: Weekly scorecard 5-3-10