Weekly Scorecard 11-22-10
This week the amount of inventory continues to decline however the pending sales and sold home numbers seem to be diverging some.  In East Bellevue there were 11 sold homes and only 4 pending sales. In South Bellevue the same trend 15 sold homes and 7 pending sales. West Bellevue was different with 4 sold homes and 5 pending sales. Given the time of year it is hard to determine if this is seasonal or a developing market trend. However West Bellevue does show some underlying strength. Also there were two sales not included in the West Bellevue numbers this week since they were essentially land sales. One was a waterfront lot on Evergreen Point for over $3,000,000 and a view lot on Clyde Hill with a small tear down for $1,350,000. This again is showing strength in West Bellevue with the purchase of very expensive vacant land parcels to build high end custom homes.
The spreadsheet is here: Weekly scorecard 11-22-10
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