Distressed Inventory Report 7-31-10
The overall rate of the distressed inventory increase appears to be slowing. The number of bank owned homes are down a little and in East Bellevue there actually was a small overall decline in distressed inventory.
The Notice of Trustee Sales (NTS) keep rising and in zip code 98008 there were 5 notices alone. Most of the foreclosure and short sale activity is in condominiums. There are a couple of high end properties but overall those have declined.
The bulk of the opportunity in distressed properties appear to be in homes under $500,000.
The spreadsheet is here: Bellevue Foreclosure Report 7-31-10