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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 3-21-11
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... »
Weekly Scorecard 2-21-11
The inventory keeps declining. This week South Bellevue saw the largest drop in inventory to under 300 homes. The other areas stayed about the same. There are some cross currents going on though. The values do not appear headed up and a look at the inventory will show that in my opinion it is degrading with newer homes in better... »
Weekly Scorecard 1-31-11
The invetories appeared to have stopped declining but are not going up. This is really out of character for this tome of year no matter what the market. The sales remain brisk but when looking at the individual sales there were a bunch of low end bank homes. One even sold for under $300,000 in West Bellevue. These homes were... »
Weekly Scorecard 1-24-11
Still no bump up in inventories. Usually this time of year you will see inventories starting to rise and then about a month later sales increase. The increase of inventories has usually started by now. The rate of sales has moderated but both pending and closed sales are at good numbers. As discussed last week it appears that there is... »
Weekly Scorecard 1-10-11
The sales numbers remained strong but the pending sales took a dip this week all except in South Bellevue where both sold and pending sales seem to keep posting pretty good numbers. The inventories remained steady, I would have expected them to start rising again. Still looking for some market direction after the new year. specifically if the trend towards... »