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Distressed Inventory Report 3-19-11
The numbers finally ticked up a bit this week and there is more listed bank owned and short sale inventory coming to the market in the MLS. Other than West Bellevue the quality of the inventory is degrading and needs a lot work. Don't expect to get that new bank home that was avaialble last year. In fact there are... »
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.... »
Distressed Inventory Report 3-12-11
Another downturn this week in the overall amount of distressed inventory. Generally it should be going up but it looks like a lot of things have worked through the system. Overall the amount of distressed inventory (Bank Owned Homes and Notice of Trustee Sales) is at 307. Down from its near term peak of 317 two weeks ago and down... »
Weekly Scorecard 3-7-11
The sales are taking their usual seasonal upturnb but not the inventories. South Bellevue did finally see its inventories rise by 12 homes. The other areas were flat to down a little. East Bellevue dropped to 159 homes which is a ridiculously low number. The sales however are starting to surge with the usual seasonal regularity. Again South B ellevue... »
weekly Scorecard 1-3-11
A short report this week but taking a look at the closing this week the last week of the year saw a flurry of closings. MLS Area 500 (south Bellevue) had over 16 closings and West Bellevue had 14. These are the highest nu,mbers of the year. Also the inventories are the lowest they have been in years. As an... »
Distressed Inventory Report 12-18-10
I am finally getting caught up on my posts. The storyu here is the decline in distrssed inventories bot listed and unlisted. The listed inventories experinced a surge of sales this last week before Christmas. It will be interesting to see what activity the first of the year brings. Generally foreclosure activity at the larger institutions slows down this time... »