a new record: 100 listings for East Bellevue (98008)
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sniglet
Bubble Banter Boss
Joined: Thu Feb 22, 2007 2:58 pm
Posts: 680
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 a new record: 100 listings for East Bellevue (98008) Today (August 15th) we finally hit the magic 100 number for listing in east Bellevue (98008) on ZipRealty. We are actually now above where we were in October 2006, where we previously peaked at 95 listings (before listings fell down into the '30s by spring).
Maybe Bellevue isn't QUITE so special after all... That said, we are nearing the end of the peak selling season, and we do tend to see listings start to pile up into the fall. When we hit 200 we will know something really strange is afoot.
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| Wed Aug 15, 2007 2:47 pm |
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Alan
Bubble Banter Boss
Joined: Sun Feb 18, 2007 7:08 pm
Posts: 780
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Bellevue will be the last place that prices fall and the first to recover in eight years.
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| Wed Aug 15, 2007 4:31 pm |
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sniglet
Bubble Banter Boss
Joined: Thu Feb 22, 2007 2:58 pm
Posts: 680
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On my week-end ride around Lake Sammamish today I counted 73 (it had been in the 50s a couple months ago) listings, which is the highest I've seen so far this year. The number of listings on the Bellevue side of the lake was the biggest change, with a lot more for-sale signs up. Nevertheless, the east side of the lake still has the largest number of listings.
I also notice the same mass of signs for large developments that I've been seeing all summer. It doesn't look as if their homes are flying off the shelves...
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| Sat Aug 18, 2007 9:40 pm |
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sniglet
Bubble Banter Boss
Joined: Thu Feb 22, 2007 2:58 pm
Posts: 680
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We are now at 111 listings for 98008 on ZipRealty. But this likely doesn't tell us much now that we are heading into the pick listing period of the fall.
In my bike-ride around lake Sammamish I counted 100 listings, the most I've seen for the year so far. Most notable is the number of condos for sale. Even in small complexes that couldn't have more than 20 units I would see 4 or 5 for sale signs.
There are quite a few "price reduced" signs showing up now, and I can't help but notice how some very fancy homes have had for sale signs up since early spring. On the other hand, it's true that there are a good number of homes that seem to be selling quickly as well, with "sold" stickers gracing plenty of signs that had been up less than a month ago. Maybe some sellers are much more realistic about pricing than others?
I am amazed at the volume of construction going up around the lake. You can hardly go a block without seeing some new house going up. There aren't any massive developments occuring (with the exception of one 80 unit condo-plex just north of Issaquah) but every vacant lot, or wooded slope, seems to have a foundation and frame sprouting up.
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| Sun Sep 02, 2007 9:29 pm |
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Ubersalad
Bubble Bloviator
Joined: Sun Jul 15, 2007 4:15 pm
Posts: 350
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I think this whole bubble thing have gone beyond obsession for you...
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| Mon Sep 03, 2007 11:27 am |
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sniglet
Bubble Banter Boss
Joined: Thu Feb 22, 2007 2:58 pm
Posts: 680
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Ubersalad wrote: I think this whole bubble thing have gone beyond obsession for you... What is obsessive about biking around lake Sammamish?
I'll grant that I read every article I can find on the real-estate and finance industry (like I have been for several years now). The way I see it, the credit bubble, and ensuing contraction, will be the biggest single event in the lives of my generation (a 30 something). Just as people who lived through the 1930s never forgot it, I don't think anyone alive today will forget what came to pass when the great global credit bubble popped.
Every day I wake up giddy to read the news to see what has happened around the world while I was sleeping. In fact, this year I have hardly been able to sleep for more than 4 or 5 hours a night since I am so excited by what is happening. I feel as if I have been given a front-row seat to one of the greatest events to unfold in human history, and I don't want to miss a moment of it. 
It's almost as if I was given a time-machine back to early 1929 and was given the extraordinary chance to watch events unfold for the next 10 years. It's just SO exciting!
Of course, it's also frustrating at the same time since it's hard to just be completely detatched and have no oppinion on what happens as it unfolds.
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| Mon Sep 03, 2007 11:55 am |
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Ubersalad
Bubble Bloviator
Joined: Sun Jul 15, 2007 4:15 pm
Posts: 350
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fine, I retract my statement. you're not insane.
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| Mon Sep 03, 2007 12:00 pm |
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rose-colored-coolaid
Bubble Banter Boss
Joined: Mon Jun 18, 2007 10:26 am
Posts: 1978
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Ubersalad wrote: fine, I retract my statement. you're not insane. But if he uses this  emoticon, can he be insane again?
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| Mon Sep 03, 2007 12:29 pm |
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sniglet
Bubble Banter Boss
Joined: Thu Feb 22, 2007 2:58 pm
Posts: 680
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We just hit 120 listings for 98008 on ZipRealty today.
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| Sat Sep 22, 2007 12:24 pm |
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perfectfire
Bubble Banter Boss
Joined: Sun May 20, 2007 11:40 pm
Posts: 540
Location: Bellevue
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I've noticed an ever increasing number of for sale signs around my neighborhood. Just yesterday though, I suddenly realized that not only were there a lot more signs than last year, but that I've never seen so many for sale signs in my entire life. Even though months of supply is still not high yet, this just doesn't seem like it's a normal market.
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| Mon Sep 24, 2007 2:24 am |
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sniglet
Bubble Banter Boss
Joined: Thu Feb 22, 2007 2:58 pm
Posts: 680
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We just reached the 133 mark for East Bellevue listings (98008) on ZipRealty today. It's odd that the inventory East Bellevue seem to be rising even as the rest of King County remains stable.
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| Wed Oct 17, 2007 8:38 pm |
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sniglet
Bubble Banter Boss
Joined: Thu Feb 22, 2007 2:58 pm
Posts: 680
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It looks like the fall decline in listings is beginning. Today we hit 125 listings on ZipRealty for 98008. The peak number of listings for the year will likely stand around 135 since I don't foresee the number of listings rising between now and January. Still, with over 100 listings we are still far above the 2006 peak volumes.
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| Fri Nov 09, 2007 2:38 pm |
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sniglet
Bubble Banter Boss
Joined: Thu Feb 22, 2007 2:58 pm
Posts: 680
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We're now down to 120 listings on ZipRealty for 98008 (East Bellevue) as of today. The fall slide continues...
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| Thu Nov 15, 2007 9:03 pm |
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sniglet
Bubble Banter Boss
Joined: Thu Feb 22, 2007 2:58 pm
Posts: 680
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The inventory for 98008 has been amazingly persistent, and only just dropped to the 110 level this week. We stand at 109 listings on ZipRealty for December 24th.
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| Mon Dec 24, 2007 8:40 pm |
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sniglet
Bubble Banter Boss
Joined: Thu Feb 22, 2007 2:58 pm
Posts: 680
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Re: a new record: 100 listings for East Bellevue (98008) We just hit 120 listings on ZipRealty for 98008 today. It looks like there won't be any significant listing drop for the winter after all. In early January 98008 listings had dipped as low as 103, but largely kept in a close band around 110. This is a far cry from last winter (2006/2007) when listings actually dropped into the 60s.
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| Sat Feb 09, 2008 9:03 am |
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