Bellevue Real Estate » stats

East Bellevue Real Estate Statistics

George Thurtle — Mon, 01 Jun 2009 07:04:06 +0000

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Weekly East Bellevue Real Estate Statistics

George Thurtle — Mon, 01 Jun 2009 07:03:32 +0000

The following charts of East Bellevue real estate statistics are updated weekly, and provided by Altos Research.

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98004
98005
98006
98007
98008

Weekly Stats for 98004

Median Price

Inventory

Average Days on Market

Market Action Index

Weekly Stats for 98005

Median Price

Inventory

Average Days on Market

Market Action Index

Weekly Stats for 98006

Median Price

Inventory

Average Days on Market

Market Action Index

Weekly Stats for 98007

Median Price

Inventory

Average Days on Market

Market Action Index

Weekly Stats for 98008

Median Price

Inventory

Average Days on Market

Market Action Index

Monthly Bellevue Real Estate Statistics

admin — Mon, 01 Jun 2009 07:02:10 +0000

The following charts of Bellevue real estate statistics are updated monthly.

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For Sale Homes vs. Sold Homes
Average Price Per Sq. Ft.
Sold Price vs. Asking Price
Months of Supply

For Sale Homes vs. Sold Homes

East Bellevue (NWMLS Area 530)

West Bellevue (NWMLS Area 520)

South of I-90 (NWMLS Area 500)

Eastside

New Construction Eastside

King County

Average Price Per Sq. Ft.

East Bellevue (NWMLS Area 530)

West Bellevue (NWMLS Area 520)

South of I-90 (NWMLS Area 500)

Eastside

New Construction Eastside

King County

Sold Price vs. Asking Price

East Bellevue (NWMLS Area 530)

West Bellevue (NWMLS Area 520)

South of I-90 (NWMLS Area 500)

Eastside

New Construction Eastside

King County

Months of Supply

East Bellevue (NWMLS Area 530)

West Bellevue (NWMLS Area 520)

South of I-90 (NWMLS Area 500)

Eastside

New Construction Eastside

King County

Quarterly East Bellevue Statistics

George Thurtle — Mon, 01 Jun 2009 07:01:24 +0000

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98004
98005
98006
98007
98008

Quarterly Stats for 98004

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Quarterly Stats for 98005

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Quarterly Stats for 98006

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Quarterly Stats for 98007

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Quarterly Stats for 98008

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2009 A Quick Review

George Thurtle — Fri, 01 Jan 2010 02:47:59 +0000

What a year. We started the year with the markets in free fall and finally saw buyers start responding to lower prices and government stimulus in April. “Market Timing” became the big deal for buyers as they sat on the sidelines and saw average sale prices go down each month but the $8,000 tax credit and the government’s willingness to buy mortgages from FHA, FNMA and FHLMC pushed them off the side lines. In my opinion the quick action to prop up the banks and put liquidity into the system kept this downturn from spiraling into a depression. This is the first true deflationary downturn I have experienced in my 30+ years in this business and it was ugly. The big question is by sub substituting public debt for private debt and socialized bank losses (not the profits) through the Treasury have we created an anchor so big will it just keep us in place and not allow us to move forward even as the tide and wind turns in a more favorable direction?

The upper end saw the return of the Jumbo Loan in March and that market saw volumes pick up. Some outstanding values were obtained with new homes over a $1,000,000 sale prices going for under the cost of construction without the land or financing cost. In Bellevue we saw a big pick up in sales volumes and more buyers entered the market in July as they had a good selection and the feeling the free fall in pricing was over. However the big story as we close out the year is that pricing remains stuck. Effectively on a per sq. ft. basis it remains in a “trading range”. In fact as the new construction inventory becomes depleted the averages are starting to fall again. The new construction homes tend to sell for a higher average price than the resales and pull the averages up overall. The best place to look for true pricing is to check the per. sq. ft. price as to the average home sale price. The per sq. ft. price tends to show an overall average better indication of what a buyer will pay for a home in a particular area whether new or resale. A review of the Altos stats will show that pricing remains soft and the buyer is focused on value and is very discretionary. They will buy but only if the price is right. So what is in store for 2010? Tomorrow I will identify what I think the big trends are that will effect 2010.

July 2009 Average Price Per Sq. Ft.

George Thurtle — Mon, 10 Aug 2009 22:07:04 +0000

King County