Distressed Inventory Report 1-29-11
Well it is finally happening the amount of distressed inventory is starting to increase but a slower rate than last year if look at spreadsheet. I thought it would have started ticking up sooner. Wgat you can’t see is what price ranges the distressed inventory is coming from and it is either very high or very low. Hardly any mid-range stuff. The amount of converted condos in Bellevue coming to market is remarkable. There are also some extremely high end homes. Most of the distressed new construction is sold so you won’t be seeing much of that except for a couplf of homes in East Bellevue.
The spreadsheet is here: Bellevue Foreclosure Report 1-29-11