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Weekly Scorecard 4-11-11
Finally a SMALL uptick in inventory however the sales continue to march along. Both the closed sales and the pending sales. There is one very important trend developing in the numbers. The average per sq. ft. price of the pending sales is significantly higher than sales of the closed prices. This trend is now clearly established. The reason this is... »
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 3-28-11
The same story. Inventories remain low but sales remain strong. The pending sales numbers are surprislingly strong with South Be;;evue havong 14 pending sales. The extreme upper end also shows stregth with one waterfront home closing and one for $7,500,000 going pending. The inventory numbers are not bumping as they should this time of year and in fact each of... »
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 3-14-11
Overall the sharp decline in inventory seems to have leveled off. West Bellevue was down a little and the other areas up a little. The number of closed sales was very high in all areas but the pending sale numbers were substantially under the number of closed sales. The combination of declining inventory and closed sales could not continue for ever.... »
Weekly Scorecard 2-28-11
The inventories continue to hold steady at very low levels or in the case of East Bellevue they have dropped to 160 homes. This is a number not seen in years. Also the sales pace remains steady. There is a new trend developing which the present numbers do not show. There is more new construction being sold. However this is... »