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Weekly Scorecard 2-14-11
The sales nunbers are strong and the inventories are still decreasing. East Bellevue (MLS Area 530) has seen a drop in home inventories to only a 163 homes this week. This inventory peaked in July at 294 homes and in November was 251 homes. If you look at the MLS stats and the Altos graphs you can see pricing is... »
Weekly Scorecard 2-7-11
The inventories remain extremely low and sales are strong. Overall the inventories are the lowest they have been in years. I have speculated the reason for this is the declining amount of distressed inventory. If you view the February stats you will the overall trends point to declining inventopries but pricing remaions flat. The average per sq. ft. prices are... »
Weekly Scorecard 12-20-10
Same trend continues of strong closed sales and falling inventory. The overall inventory in East Bellevue is the lowest I have ever seen it. Inventories do vary seasonally but this is very low even for this time of year. I am sure the inventories will increase at the first of the year but in my opinion it will not be... »
Weekly Scorecard 7-12-10
The story this week is two fold. Inventories keep gradually rising. However the big story is that ratio of closed saled to pending sales has equalized. If you were checking weeks prior you will remember while the closed sales number were pretty good the pending sale numbers were pretty low. The expiration of the tax credit seem to be the... »
Monthly Numbers
The monthly numbers for Bellevue are now posted. Inventories are starting to rise a bit, but the sales were also very strong. Prices remain stable. The per sq. ft. sales numbers are very stable. West Bellevue is a little misleading because there were two large waterfront sales in those numbers. If you look at the trend line it is at... »
Weekly Score 2-1-10
The news this week inventories are steady or declining and sales volume is up. EB had 11 homes sold, WB had 8 homes and SB had 12. The pending were not as high but all except for WB which had just one pending still had good volumes. what is interesting is that this time of year you usually have rising... »