a new record: 100 listings for East Bellevue (98008)

[jillayne]

Here's something I'd be interested in: what about single family residential building lots for sale?

Are these stats separate from the homes/condos numbers?

I'd love to do a search on that and find out how many lots we have built up in inventory on the eastside.

[sniglet]

[sniglet]

We just hit 131 listings for 98008 today (3/25/2008) on ZipRealty. For the last couple months we have been bouncing anywhere from 115 to 125, and in the last week we've gone into the high 120s.

This is already way above the record for last year and the spring season has barely begun...

[sniglet]

We just crossed the 140 mark today, with ZipRealty now showing 142 listings for 98008. We've been in the 130-140 range for a month or so for a couple weeks now but are picking up a bit more steam again.

[sniglet]

We just hit 150 listings for 98008 on ZipRealty today.

[Markor]

So far, though, few sellers in that area are budging on prices, which are still near peak.

[sniglet]

We just hit 160 listings in East Bellevue (98008) today. The numbers just keep going up...

[Markor]

Sellers seem to be blinking in that zip. A 1700 sq. ft. house just opened at $409K, instead of the typical (in the past few months) $435K+ for that type of house/condition. Some sellers in that area are still finding buyers willing to pay $400K+ for their 1200 sq. ft. houses.

[sniglet]

We hit 174 listings for 98008 on ZipRealty today. There has been a spike in the last few days. We were range-bound in the 160s for a month or so.

[sniglet]

There may well have been a drop off in listings this June for King County as a whole, as Tim has pointed out, but we sure aren't seing any relief for East Bellevue. We just hit 180 listings for 98008 on ZipRealty today.

All I can say is "wow"! This is blowing away all the records I have seen, diligently watching this zip code for the last few years. Normally inventory doesn't start creeping up till the end of the summer/fall.

[sniglet]

We now stand at 190 listings for 98008 as of August 11. Up and up...

[jon]

There are 9,348 houses and condos in 98008, and 190 are for sale, or 1 in every 49.

For King County overall it there are 425,451 and 12738 for sale, or 1 in every 33.

Seems like 98008 still has a way to go to have the same ratio for sale as the rest of the county.

[sniglet]

Thanks to the RedFin links Tim provided, you can get a fantastic historical inventory chart of 98008.

As you can see our inventory is far in excess of anything seen from at least the fall of 2006 (which is the earliest data on the chart).

[Niuska]

[sniglet]