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Seattle Bubble Forum Archive • View topic - a new record: 100 listings for East Bellevue (98008)

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

Anything and everything relating to Seattle-area real estate.

Moderators: synthetik, The Tim, Lake Hills Renter

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

Postby jillayne » Sat Feb 09, 2008 9:58 am

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

Postby sniglet » Sat Feb 09, 2008 6:01 pm

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

Postby sniglet » Tue Mar 25, 2008 3:32 pm

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

Postby sniglet » Wed Apr 16, 2008 11:06 am

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

Postby sniglet » Fri May 16, 2008 3:18 pm

We just hit 150 listings for 98008 on ZipRealty today.
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Re: a new record: 100 listings for East Bellevue (98008)

Postby Markor » Fri May 16, 2008 4:54 pm

So far, though, few sellers in that area are budging on prices, which are still near peak.
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Re: a new record: 100 listings for East Bellevue (98008)

Postby sniglet » Fri Jun 06, 2008 9:54 pm

We just hit 160 listings in East Bellevue (98008) today. The numbers just keep going up...
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Re: a new record: 100 listings for East Bellevue (98008)

Postby Markor » Sat Jun 07, 2008 9:58 am

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

Postby sniglet » Thu Jul 10, 2008 1:43 pm

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

Postby sniglet » Fri Jul 18, 2008 2:45 pm

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

Postby sniglet » Mon Aug 11, 2008 7:43 pm

We now stand at 190 listings for 98008 as of August 11. Up and up...
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Re: a new record: 100 listings for East Bellevue (98008)

Postby jon » Mon Aug 11, 2008 9:33 pm

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

Postby sniglet » Wed Aug 13, 2008 7:56 pm

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).

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

Postby Niuska » Sun Aug 17, 2008 8:23 pm

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

Postby sniglet » Sun Aug 17, 2008 8:41 pm

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