Bellevue Real Estate » New Homes 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 12-27-10 http://eastbellevuere.com/index.php/2010/12/29/weekly-scorecard-12-27-10/ http://eastbellevuere.com/index.php/2010/12/29/weekly-scorecard-12-27-10/#comments Wed, 29 Dec 2010 20:17:15 +0000 George Thurtle http://eastbellevuere.com/?p=859 This is the last one of the year and the inventory continues to drop and sales remain OK for this time of year. There are some big questions for next year and that is how much inventories will have their usual seasonal increase and how much distressed inventory as a percentage of the will be in that new inventory. I am seeing at the street level many fewer distressed sellers and more sellers considering that 2011 may be the time to sell. However when given present market pricing many of those sellers are looking to wait 2011 out until they started seeing prices improve. I think 2011 will see a year of low inventories with many buyers not wanting to participate unless they get the “value” pricing they were used to seeing and many sellers not wanting to participate until they see prices moving up and have more of an incentive to sell.

The spreadsheet is here: Weekly scorecard 12-27-10

]]> http://eastbellevuere.com/index.php/2010/12/29/weekly-scorecard-12-27-10/feed/ 0 Distressed Inventory Report 2-27-10 http://eastbellevuere.com/index.php/2010/02/27/distressed-inventory-report-2-27-10/ http://eastbellevuere.com/index.php/2010/02/27/distressed-inventory-report-2-27-10/#comments Sat, 27 Feb 2010 15:00:36 +0000 George Thurtle http://eastbellevuere.com/?p=574 The big news this week is that the distressed inventory has seen a decline. The number of homes with notice of trustee sale (NTS) took a siginificant decline in all areas of Bellevue. The number of foreclosed homes held steady. It appears that more homes are being sold at auction and that more short sells are successful. South Bellevue (SB) saw the amount of homes with NTS decline from 31 to 24. All areas saw a decline in its NTS homes.

The amount of listed inventory remains steady. We will see if this trend continues but overall , in my opinion, this market is very muddled with declining inventories and soft demand There are very few bank owned new homes. This inventory is pretty well cleaned out with only three bank homes being listed now in the Bellevue area. There are few with a notice of trustee sale but not very many. Last November and December saw most of this inventory being cleaned out. Anyone who wants to know about these homes please email.

Here is the spreadsheet: Bellevue Foreclosure Report 2-27-10

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