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Weekly Scorecard 10-4-10
Still trying to get caught up. This one is one week behind but does give an idea of the continuing trends. The closed sales are still high compared to the pending sales but the pending sales seem to be picking up. Probably in a couple of months these numbers will be coming closer together. This is a reversal of the... »
Weekly Scorecard 9-27-10
Still getting caught up. The same trends as the last few weeks continue; pretty good numbers for the clsoed sales but weaker numbers for the pending sales. The big news though is that in West Bellevue we are seeing some big numbers. Another large water front closed along with two more homes either side of $3,000,000 these were not distressed sales sales.... »
Weekly Scorecard 7-19-10
Inventories appear to have peaked but the sales keep occuring at a pretty good clip. What is especially notable this week is the number of sales over $1,000,000. East Bellevue had a closing over a $1,000,000 on a resale home this is a first in over a year. West Bellevue had 10 closed sales; of those sales 5 were over... »
Weekly Scorecard 7-5-10
A week of contrast. Some of the highest closed sale numbers and some of the lowest pending sale numbers. The general accepted wisdom is that the expiration of the Federal Tax credits were the reason and in part I am sure this is true. However areas such as West Bellevue which is not tax credit dependent had 11 closed sales... »
Weekly Scorecard 6-14-10
The numbers for the week shows a spread between the pending sales and the sold numbers to be about 50%; with the sold numbers being higher. This shows a slowing of volumes post tax credit. What something like a short term tax credit does is "borrow" buyers from the future and it takes a few months for the market to... »
Weekly Scorecard 6-7-10
Things appear to be marching along in this post tax credit real estate market. Inventory levels which were building in the last couple of months have peaked and held steady. Will probably decline in July if the traditional market cycles restore themselves. The closed sold homes peaked last week which would be expected given the last minute tax credit rush.... »