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Weekly Scorecard 4-11-11
Finally a SMALL uptick in inventory however the sales continue to march along. Both the closed sales and the pending sales. There is one very important trend developing in the numbers. The average per sq. ft. price of the pending sales is significantly higher than sales of the closed prices. This trend is now clearly established. The reason this is... »
Distressed Inventory Report 4-9-11
There is definitely a trend developing. There are very few foreclosed homes; just a net gain of one from the week before. But the number of homes posted with a Notice of Trustee Sale (NTS) is where all the action is and if you take a look at the numbers for West Bellevue you can see there was 10 new properties which... »
Weekly Scorecard 4-4-11
The inventories have ticked up by a hair but the big story this week is the closed sales. West Bellevue had 18 alone. This is a record for an area which does only two to three. Many of those sales looked to be potential tear downs but that number is very high for any market. In Bellevue market area this... »
Weekly Scorecard 3-28-11
The same story. Inventories remain low but sales remain strong. The pending sales numbers are surprislingly strong with South Be;;evue havong 14 pending sales. The extreme upper end also shows stregth with one waterfront home closing and one for $7,500,000 going pending. The inventory numbers are not bumping as they should this time of year and in fact each of... »
Distressed Inventory Report 3-26-11
It looks like the numbers are peaking. Down slightly this week. Again, I can't emphasize this enough, the new inventory coming on is mostly junk. If you want a great deal on a fixer in Lake Hills then you have bank inventory to look at but if you want a nicer newer home then you are out of luck. Your... »
Weekly Scorecard 3-21-11
Finally the inventories have inched up but not as much as they should be doing this time of year. South Bellevue went up by 10 homes and East Bellevue by 7 homes but that still is not much for what should be coming on this time of year. Â The sales numbers were again strong and I thought the volumes would... »