Bellevue Real Estate » inventroy http://eastbellevuere.com Your source for reliable information on Bellevue's residential real estate market. Sat, 16 Apr 2011 16:01:37 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Weekly Scorecard 1-4-10 http://eastbellevuere.com/index.php/2010/01/04/weekly-scorecard-1-4-10/ http://eastbellevuere.com/index.php/2010/01/04/weekly-scorecard-1-4-10/#comments Tue, 05 Jan 2010 03:16:09 +0000 George Thurtle http://eastbellevuere.com/?p=508 Here is the first report of the new year and new decade. On the surface it looks like a big drop in inventory but I would say it is not what it appears to be.  A lot of listings are set to expire year end; I know I had six; so it is hard to make any trend of the inventory number. A more accurate trend will probably not appear until the end of January as these homes get relisted. The big news which the spreadsheet does not show is the ramping up of new construction sales that are not forclosures. In MLS Area 500 4 of the 5 pe ndings were new construction. While there was pressure on the pricing these were not bank homes or short sales. Camwest had homes sell in both South Bellevue, West Bellevue and East Bellevue. Eric Campbell at Camwest has always done infill and been very price sensitive and I think he is going to have a good spring sales season if interest rates remain stable. In West Bellevue the numbers look low for the prices but that is because half of the sales were for tear downs. It appears with the depletion of the new construction inventory thatthe  building cycle is starting again. In the upper end no one is going to build speculative homes so it is presale or custom homes if the buyer wants a new home. Don’t expect to go out in the market anymore and find nuch suitable with the new construction inventory most of it is left overs.

 

The spreadsheet link is here: Weekly scorecard 1-4-10

]]> http://eastbellevuere.com/index.php/2010/01/04/weekly-scorecard-1-4-10/feed/ 0 Distressed Inventory Report 9-5-09 http://eastbellevuere.com/index.php/2009/09/05/distressed-inventory-report-9-5-09/ http://eastbellevuere.com/index.php/2009/09/05/distressed-inventory-report-9-5-09/#comments Sat, 05 Sep 2009 15:31:33 +0000 George Thurtle http://eastbellevuere.com/?p=319 The trend continues with the overall numbers of distrssed inventory holding steady just below 90 but with the number of forclosed homes increasing and the number of those with notices of Trustee Sales decreasing. The number of foreclosed homes is at an all time high since this Report started at 25. The number of Trustee Sales is at an all time low with 63. Looks like some of those short sales are starting to go together.

The big disconnect is the number of foreclosed homes at 25 and the listed “Bank Owned” homes in the NWMLS at 3. Some of this could be due to the agents not disclosing properly a property’s status. If I have time this weekend I could input the addresses of the bank owned homes in the NWMLS against the foreclosed homes of record and see what is really listed and what is not. This would help shed some light on the big disconnect between the very small number of bank owned homes listed and those of record. East Bellevue Foreclosure Report 9-5-09

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