Comments on: "Inventory is having an impact on prices" http://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/ local real estate news, statistics, and commentary without the sales spin. Sat, 20 Mar 2010 22:52:15 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: realistic realtorhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2741 realistic realtor Wed, 07 Jun 2006 15:55:00 +0000 http://seattlebubble.com/blog/?p=254#comment-2741 I'm not with the big W, but this will be easier to understand. Look at this <a HREF="http://dist-images.windermere.com/images/map/areamaps/seattle.gif" REL="nofollow">image from Windermere</a><br/><br/>From top to bottom:<br/>#2 is MLS Area 705<br/>#6 is MLS Area 710<br/>#3 is MLS Area 700<br/>#7 is MLS Area 390<br/>#11 is MLS Area 701<br/>#4 is MLS Area 140<br/>#8 is MLS Area 385<br/>#9 is MLS Area 380<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2741','realistic realtor',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2741','realistic realtor','I\'m not with the big W, but this will be easier to understand. Look at this <a HREF=\"http:\/\/dist-images.windermere.com\/images\/map\/areamaps\/seattle.gif\" REL=\"nofollow\">image from Windermere<\/a><br\/><br\/>From top to bottom:<br\/>#2 is MLS Area 705<br\/>#6 is MLS Area 710<br\/>#3 is MLS Area 700<br\/>#7 is MLS Area 390<br\/>#11 is MLS Area 701<br\/>#4 is MLS Area 140<br\/>#8 is MLS Area 385<br\/>#9 is MLS Area 380',''); return false;">Quote</a></div> I’m not with the big W, but this will be easier to understand. Look at this image from Windermere

From top to bottom:
#2 is MLS Area 705
#6 is MLS Area 710
#3 is MLS Area 700
#7 is MLS Area 390
#11 is MLS Area 701
#4 is MLS Area 140
#8 is MLS Area 385
#9 is MLS Area 380

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]]> By: realistic realtorhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2740 realistic realtor Wed, 07 Jun 2006 15:51:17 +0000 http://seattlebubble.com/blog/?p=254#comment-2740 I'm not with the big W, but this will be easier to understand. Look at this <a HREF="http://windermere.com/index.cfm?fuseaction=listing.searchMap&map=seattle" REL="nofollow">search page</a><br/><br/>From top to bottom:<br/>#2 is MLS Area 705<br/>#6 is MLS Area 710<br/>#3 is MLS Area 700<br/>#7 is MLS Area 390<br/>#11 is MLS Area 701<br/>#4 is MLS Area 140<br/>#8 is MLS Area 385<br/>#9 is MLS Area 380<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2740','realistic realtor',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2740','realistic realtor','I\'m not with the big W, but this will be easier to understand. Look at this <a HREF=\"http:\/\/windermere.com\/index.cfm?fuseaction=listing.searchMap&map=seattle\" REL=\"nofollow\">search page<\/a><br\/><br\/>From top to bottom:<br\/>#2 is MLS Area 705<br\/>#6 is MLS Area 710<br\/>#3 is MLS Area 700<br\/>#7 is MLS Area 390<br\/>#11 is MLS Area 701<br\/>#4 is MLS Area 140<br\/>#8 is MLS Area 385<br\/>#9 is MLS Area 380',''); return false;">Quote</a></div> I’m not with the big W, but this will be easier to understand. Look at this search page

From top to bottom:
#2 is MLS Area 705
#6 is MLS Area 710
#3 is MLS Area 700
#7 is MLS Area 390
#11 is MLS Area 701
#4 is MLS Area 140
#8 is MLS Area 385
#9 is MLS Area 380

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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2735 biliruben Wed, 07 Jun 2006 14:06:27 +0000 http://seattlebubble.com/blog/?p=254#comment-2735 Thanks, RR. That map is a bit hard to read.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2735','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2735','biliruben','Thanks, RR. That map is a bit hard to read.',''); return false;">Quote</a></div> Thanks, RR. That map is a bit hard to read.
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]]> By: realistic realtorhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2716 realistic realtor Wed, 07 Jun 2006 00:00:44 +0000 http://seattlebubble.com/blog/?p=254#comment-2716 biliruben, here's the MLS areas for Seattle:<br/><br/>140 - West Seattle<br/>380 - Central - E of MLK, S of I-90<br/>385 - Central - S of I-90 btwn MLK and Duwamish River<br/>390 - North Central - N of I-90 to the ship canal, E of Lake Union, SLU E of Fairview<br/>700 - Queen Anne & Magnolia, SLU W of Fairview<br/>701 - DT, Belltown, Pioneer Sq, ID.<br/>705 - NW Seattle - N of ship canal to 145th, W of I-5<br/>710 - NE Seattle - N of ship canal to 145th, E of I-5<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2716','realistic realtor',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2716','realistic realtor','biliruben, here\'s the MLS areas for Seattle:<br\/><br\/>140 - West Seattle<br\/>380 - Central - E of MLK, S of I-90<br\/>385 - Central - S of I-90 btwn MLK and Duwamish River<br\/>390 - North Central - N of I-90 to the ship canal, E of Lake Union, SLU E of Fairview<br\/>700 - Queen Anne & Magnolia, SLU W of Fairview<br\/>701 - DT, Belltown, Pioneer Sq, ID.<br\/>705 - NW Seattle - N of ship canal to 145th, W of I-5<br\/>710 - NE Seattle - N of ship canal to 145th, E of I-5',''); return false;">Quote</a></div> biliruben, here’s the MLS areas for Seattle:

140 – West Seattle
380 – Central – E of MLK, S of I-90
385 – Central – S of I-90 btwn MLK and Duwamish River
390 – North Central – N of I-90 to the ship canal, E of Lake Union, SLU E of Fairview
700 – Queen Anne & Magnolia, SLU W of Fairview
701 – DT, Belltown, Pioneer Sq, ID.
705 – NW Seattle – N of ship canal to 145th, W of I-5
710 – NE Seattle – N of ship canal to 145th, E of I-5

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]]> By: Christinahttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2698 Christina Tue, 06 Jun 2006 21:29:41 +0000 http://seattlebubble.com/blog/?p=254#comment-2698 <i>2001 prices in 2010, adjusting for inflation. </i><br/><br/>There's my cue to do some ju-jitsu budget chops and maybe buy some gold, and pick up some home renovation skills for the Five Year Plan.<br/><br/>Or maybe I'll just start driving around the foreclosure properties before they go on auction at the County Courthouse.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2698','Christina',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2698','Christina','<i>2001 prices in 2010, adjusting for inflation. <\/i><br\/><br\/>There\'s my cue to do some ju-jitsu budget chops and maybe buy some gold, and pick up some home renovation skills for the Five Year Plan.<br\/><br\/>Or maybe I\'ll just start driving around the foreclosure properties before they go on auction at the County Courthouse.',''); return false;">Quote</a></div> 2001 prices in 2010, adjusting for inflation.

There’s my cue to do some ju-jitsu budget chops and maybe buy some gold, and pick up some home renovation skills for the Five Year Plan.

Or maybe I’ll just start driving around the foreclosure properties before they go on auction at the County Courthouse.

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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2696 biliruben Tue, 06 Jun 2006 21:26:51 +0000 http://seattlebubble.com/blog/?p=254#comment-2696 No congrats necessary, Meshugy. <br/><br/>We are surfing on the top of a huge bubble. Any numbers we see are purely illusary froth.<br/><br/>I full expect to see any of these fantastical gains smashed into the surf. Maybe we'll miss the rocks and just get some sand up our nose, maybe not.<br/><br/>Unless of course I bail out, turn my board down the back side of the wave and sell now, which I won't.<br/><br/>2001 prices in 2010, adjusting for inflation.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2696','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2696','biliruben','No congrats necessary, Meshugy. <br\/><br\/>We are surfing on the top of a huge bubble. Any numbers we see are purely illusary froth.<br\/><br\/>I full expect to see any of these fantastical gains smashed into the surf. Maybe we\'ll miss the rocks and just get some sand up our nose, maybe not.<br\/><br\/>Unless of course I bail out, turn my board down the back side of the wave and sell now, which I won\'t.<br\/><br\/>2001 prices in 2010, adjusting for inflation.',''); return false;">Quote</a></div> No congrats necessary, Meshugy.

We are surfing on the top of a huge bubble. Any numbers we see are purely illusary froth.

I full expect to see any of these fantastical gains smashed into the surf. Maybe we’ll miss the rocks and just get some sand up our nose, maybe not.

Unless of course I bail out, turn my board down the back side of the wave and sell now, which I won’t.

2001 prices in 2010, adjusting for inflation.

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]]> By: meshugyhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2695 meshugy Tue, 06 Jun 2006 21:20:27 +0000 http://seattlebubble.com/blog/?p=254#comment-2695 <i>My area (720) blew yours out of the water, btw. Neener neener.</i><br/><br/>You're joking, right?<br/><br/>Bothell had a 26% increase in inventory and an 11% drop in sales. YOY appreciation was huge though: 27%...congrats!<br/><br/>Keep in mind the Bothell market is about a 1/4 the size of Ballard.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2695','meshugy',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2695','meshugy','<i>My area (720) blew yours out of the water, btw. Neener neener.<\/i><br\/><br\/>You\'re joking, right?<br\/><br\/>Bothell had a 26% increase in inventory and an 11% drop in sales. YOY appreciation was huge though: 27%...congrats!<br\/><br\/>Keep in mind the Bothell market is about a 1\/4 the size of Ballard.',''); return false;">Quote</a></div> My area (720) blew yours out of the water, btw. Neener neener.

You’re joking, right?

Bothell had a 26% increase in inventory and an 11% drop in sales. YOY appreciation was huge though: 27%…congrats!

Keep in mind the Bothell market is about a 1/4 the size of Ballard.

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]]> By: Christinahttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2694 Christina Tue, 06 Jun 2006 21:14:56 +0000 http://seattlebubble.com/blog/?p=254#comment-2694 Tim @ 01:54 pm<br/><br/>Thank you! My area is still frisky at selling, but (yawn) apparently not one of the "areas that matter"; i.e., one can still buy a housing unit (including condominiums) here for four times a median household (owner-occupied)'s income.<br/><br/>Source: <a HREF="http://www.nextag.com/home-mortgage/2/WA/Seattle.html" REL="nofollow">NexTag®</a><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2694','Christina',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2694','Christina','Tim @ 01:54 pm<br\/><br\/>Thank you! My area is still frisky at selling, but (yawn) apparently not one of the \"areas that matter\"; i.e., one can still buy a housing unit (including condominiums) here for four times a median household (owner-occupied)\'s income.<br\/><br\/>Source: <a HREF=\"http:\/\/www.nextag.com\/home-mortgage\/2\/WA\/Seattle.html\" REL=\"nofollow\">NexTag®<\/a>',''); return false;">Quote</a></div> Tim @ 01:54 pm

Thank you! My area is still frisky at selling, but (yawn) apparently not one of the “areas that matter”; i.e., one can still buy a housing unit (including condominiums) here for four times a median household (owner-occupied)’s income.

Source: NexTag®

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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2693 biliruben Tue, 06 Jun 2006 21:12:19 +0000 http://seattlebubble.com/blog/?p=254#comment-2693 Just messin' with ya, 'Shugy. You know I love ya.<br/><br/>My area (720) blew yours out of the water, btw. Neener neener.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2693','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2693','biliruben','Just messin\' with ya, \'Shugy. You know I love ya.<br\/><br\/>My area (720) blew yours out of the water, btw. Neener neener.',''); return false;">Quote</a></div> Just messin’ with ya, ‘Shugy. You know I love ya.

My area (720) blew yours out of the water, btw. Neener neener.

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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2691 biliruben Tue, 06 Jun 2006 21:08:50 +0000 http://seattlebubble.com/blog/?p=254#comment-2691 Phew. I was worried there for a second. <br/><br/>Thanks, for catching that before I finished dialing my realtor, Tim.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2691','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2691','biliruben','Phew. I was worried there for a second. <br\/><br\/>Thanks, for catching that before I finished dialing my realtor, Tim.',''); return false;">Quote</a></div> Phew. I was worried there for a second.

Thanks, for catching that before I finished dialing my realtor, Tim.

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]]> By: meshugyhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2690 meshugy Tue, 06 Jun 2006 21:08:02 +0000 http://seattlebubble.com/blog/?p=254#comment-2690 <i>That shows that houses in Ballard actually DECLINED YOY!</i><br/><br/>Bili...take another look. Ballard had 14.89% appreciation<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2690','meshugy',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2690','meshugy','<i>That shows that houses in Ballard actually DECLINED YOY!<\/i><br\/><br\/>Bili...take another look. Ballard had 14.89% appreciation',''); return false;">Quote</a></div> That shows that houses in Ballard actually DECLINED YOY!

Bili…take another look. Ballard had 14.89% appreciation

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]]> By: The Timhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2689 The Tim Tue, 06 Jun 2006 21:05:49 +0000 http://seattlebubble.com/blog/?p=254#comment-2689 No, you're looking at region 700, which is Queen Anne. 705 contains Ballard (although not <i>only</i> Ballard, also Greenlake).<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2689','The Tim',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2689','The Tim','No, you\'re looking at region 700, which is Queen Anne. 705 contains Ballard (although not <i>only<\/i> Ballard, also Greenlake).',''); return false;">Quote</a></div> No, you’re looking at region 700, which is Queen Anne. 705 contains Ballard (although not only Ballard, also Greenlake).
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]]> By: meshugyhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2688 meshugy Tue, 06 Jun 2006 21:05:39 +0000 http://seattlebubble.com/blog/?p=254#comment-2688 Hi Christina,<br/><br/>Area 380 is SE Seattle...I think 701 is Belltown.<br/><br/>See this Map:<br/><br/><a HREF="http://seattletimes.nwsource.com/art/news/realestate/links/homesalesking09.gif" REL="nofollow">map</a><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2688','meshugy',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2688','meshugy','Hi Christina,<br\/><br\/>Area 380 is SE Seattle...I think 701 is Belltown.<br\/><br\/>See this Map:<br\/><br\/><a HREF=\"http:\/\/seattletimes.nwsource.com\/art\/news\/realestate\/links\/homesalesking09.gif\" REL=\"nofollow\">map<\/a>',''); return false;">Quote</a></div> Hi Christina,

Area 380 is SE Seattle…I think 701 is Belltown.

See this Map:

map

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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2687 biliruben Tue, 06 Jun 2006 21:02:29 +0000 http://seattlebubble.com/blog/?p=254#comment-2687 What's that? That can't be the right map.<br/><br/>That shows that houses in Ballard actually <i>DECLINED</i> YOY!<br/><br/>There must be something faulty. Housing only goes up.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2687','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2687','biliruben','What\'s that? That can\'t be the right map.<br\/><br\/>That shows that houses in Ballard actually <i>DECLINED<\/i> YOY!<br\/><br\/>There must be something faulty. Housing only goes up.',''); return false;">Quote</a></div> What’s that? That can’t be the right map.

That shows that houses in Ballard actually DECLINED YOY!

There must be something faulty. Housing only goes up.

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]]> By: concerned renterhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2686 concerned renter Tue, 06 Jun 2006 20:57:17 +0000 http://seattlebubble.com/blog/?p=254#comment-2686 <a HREF="http://www.nwmls.com/discover/library/statistics/recaps/Recap2006/May06Recaps.pdf" REL="nofollow">May data</a><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2686','concerned renter',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2686','concerned renter','<a HREF=\"http:\/\/www.nwmls.com\/discover\/library\/statistics\/recaps\/Recap2006\/May06Recaps.pdf\" REL=\"nofollow\">May data<\/a>',''); return false;">Quote</a></div> May data
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]]> By: The Timhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2685 The Tim Tue, 06 Jun 2006 20:54:16 +0000 http://seattlebubble.com/blog/?p=254#comment-2685 Christina, <br/> <br/><a HREF="http://timothyellis.googlepages.com/KC_Breakout_map.gif" REL="nofollow">Here is a map of the MLS areas,</a> courtesy of the Seattle Times.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2685','The Tim',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2685','The Tim','Christina, <br\/> <br\/><a HREF=\"http:\/\/timothyellis.googlepages.com\/KC_Breakout_map.gif\" REL=\"nofollow\">Here is a map of the MLS areas,<\/a> courtesy of the Seattle Times.',''); return false;">Quote</a></div> Christina,

Here is a map of the MLS areas, courtesy of the Seattle Times.

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]]> By: Christinahttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2684 Christina Tue, 06 Jun 2006 20:52:20 +0000 http://seattlebubble.com/blog/?p=254#comment-2684 Just for my curiosity, meshugy, which Seattle areas are represented by the sector codes 380 (the highest % change in closed sales) and 701 (the lowest % change in closed sales)?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2684','Christina',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2684','Christina','Just for my curiosity, meshugy, which Seattle areas are represented by the sector codes 380 (the highest % change in closed sales) and 701 (the lowest % change in closed sales)?',''); return false;">Quote</a></div> Just for my curiosity, meshugy, which Seattle areas are represented by the sector codes 380 (the highest % change in closed sales) and 701 (the lowest % change in closed sales)?
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]]> By: meshugyhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2681 meshugy Tue, 06 Jun 2006 20:42:58 +0000 http://seattlebubble.com/blog/?p=254#comment-2681 Ballard was THE most active market in Seattle this month:<br/><br/>Ballard (area 705) had the most new inventory of any part of Seattle (YOY inventory was up 20% in Ballard). But YOY pending sales rose 23% making Ballard the most active market in Seattle.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2681','meshugy',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2681','meshugy','Ballard was THE most active market in Seattle this month:<br\/><br\/>Ballard (area 705) had the most new inventory of any part of Seattle (YOY inventory was up 20% in Ballard). But YOY pending sales rose 23% making Ballard the most active market in Seattle.',''); return false;">Quote</a></div> Ballard was THE most active market in Seattle this month:

Ballard (area 705) had the most new inventory of any part of Seattle (YOY inventory was up 20% in Ballard). But YOY pending sales rose 23% making Ballard the most active market in Seattle.

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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2680 biliruben Tue, 06 Jun 2006 20:34:46 +0000 http://seattlebubble.com/blog/?p=254#comment-2680 But what about Ballard, 'Shugy!?!<br/><br/>Does anyone have a link to the mls map codes to show me which code is Ballard!<br/><br/>I'm desperate. Please help. ;)<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2680','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2680','biliruben','But what about Ballard, \'Shugy!?!<br\/><br\/>Does anyone have a link to the mls map codes to show me which code is Ballard!<br\/><br\/>I\'m desperate. Please help. ;)',''); return false;">Quote</a></div> But what about Ballard, ‘Shugy!?!

Does anyone have a link to the mls map codes to show me which code is Ballard!

I’m desperate. Please help. ;)

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]]> By: Anonymoushttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2679 Anonymous Tue, 06 Jun 2006 20:26:05 +0000 http://seattlebubble.com/blog/?p=254#comment-2679 I didn't know where to post this...so I'm assuming everyone here is aware of this blog (http://seattlemetrorealestate.blogspot.com/) whose purpose is "designed to counterbalance the hysteria and hype found on seattlebubble.blogspot.com with actual facts."<br/><br/>I've looked through some of actual "facts" and while a number is a number, there are some liberties being taken on the interpretation side of things. Maybe this should be a regular post here.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2679','Anonymous',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2679','Anonymous','I didn\'t know where to post this...so I\'m assuming everyone here is aware of this blog (http:\/\/seattlemetrorealestate.blogspot.com\/) whose purpose is \"designed to counterbalance the hysteria and hype found on seattlebubble.blogspot.com with actual facts.\"<br\/><br\/>I\'ve looked through some of actual \"facts\" and while a number is a number, there are some liberties being taken on the interpretation side of things. Maybe this should be a regular post here.',''); return false;">Quote</a></div> I didn’t know where to post this…so I’m assuming everyone here is aware of this blog (http://seattlemetrorealestate.blogspot.com/) whose purpose is “designed to counterbalance the hysteria and hype found on seattlebubble.blogspot.com with actual facts.”

I’ve looked through some of actual “facts” and while a number is a number, there are some liberties being taken on the interpretation side of things. Maybe this should be a regular post here.

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]]> By: meshugyhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2678 meshugy Tue, 06 Jun 2006 20:06:30 +0000 http://seattlebubble.com/blog/?p=254#comment-2678 Wow...the Median Price res/condo for Seattle went up $5K in one month...it's now at $415K (was $410 last month).<br/><br/>The Median price for Area 710 (Laurelhurst) went up a whopping $30K in one month! From $400K to $430K.<br/><br/>See: <a HREF="http://www.nwmls.com/discover/library/statistics/recaps/Recap2006/May06KCbreakouts.pdf" REL="nofollow">Breakouts - KING COUNTY SECTORS - Northwest Multiple Listing Service MAY 2006</a><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2678','meshugy',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2678','meshugy','Wow...the Median Price res\/condo for Seattle went up $5K in one month...it\'s now at $415K (was $410 last month).<br\/><br\/>The Median price for Area 710 (Laurelhurst) went up a whopping $30K in one month! From $400K to $430K.<br\/><br\/>See: <a HREF=\"http:\/\/www.nwmls.com\/discover\/library\/statistics\/recaps\/Recap2006\/May06KCbreakouts.pdf\" REL=\"nofollow\">Breakouts - KING COUNTY SECTORS - Northwest Multiple Listing Service MAY 2006<\/a>',''); return false;">Quote</a></div> Wow…the Median Price res/condo for Seattle went up $5K in one month…it’s now at $415K (was $410 last month).

The Median price for Area 710 (Laurelhurst) went up a whopping $30K in one month! From $400K to $430K.

See: Breakouts – KING COUNTY SECTORS – Northwest Multiple Listing Service MAY 2006

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]]> By: Christinahttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2677 Christina Tue, 06 Jun 2006 20:02:09 +0000 http://seattlebubble.com/blog/?p=254#comment-2677 re: typo in Northwest MLS Reports article<br/><br/>Ah, I know now why people tailgate me and try to squish their megavehicles in to share my lane with me on my work commute -- I'm passing through IRKLAND!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2677','Christina',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2677','Christina','re: typo in Northwest MLS Reports article<br\/><br\/>Ah, I know now why people tailgate me and try to squish their megavehicles in to share my lane with me on my work commute -- I\'m passing through IRKLAND!',''); return false;">Quote</a></div> re: typo in Northwest MLS Reports article

Ah, I know now why people tailgate me and try to squish their megavehicles in to share my lane with me on my work commute — I’m passing through IRKLAND!

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]]> By: meshugyhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2676 meshugy Tue, 06 Jun 2006 19:52:07 +0000 http://seattlebubble.com/blog/?p=254#comment-2676 <a HREF="http://www.nwrealestate.com/nwrpub/common/news.html" REL="nofollow">Northwest MLS Reports Growing Inventory, Rising Prices and Highest Sales Volume in 8 Months</a><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2676','meshugy',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2676','meshugy','<a HREF=\"http:\/\/www.nwrealestate.com\/nwrpub\/common\/news.html\" REL=\"nofollow\">Northwest MLS Reports Growing Inventory, Rising Prices and Highest Sales Volume in 8 Months<\/a>',''); return false;">Quote</a></div> Northwest MLS Reports Growing Inventory, Rising Prices and Highest Sales Volume in 8 Months
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]]> By: Christinahttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2675 Christina Tue, 06 Jun 2006 19:37:38 +0000 http://seattlebubble.com/blog/?p=254#comment-2675 Recent Money Magazine article: <a HREF="http://money.cnn.com/2006/06/05/pf/affluent_attitudes/index.htm" REL="nofollow">Affluent Americans Sour on Real Estate</a><br/><br/>I wonder if any Realtors, you know, the ones focusing on the "markets that really matter," are paying attention...<br/><br/>oh wait, Seattle/Bellevue/Tacoma is different. Like the dot-com economy was different.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2675','Christina',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2675','Christina','Recent Money Magazine article: <a HREF=\"http:\/\/money.cnn.com\/2006\/06\/05\/pf\/affluent_attitudes\/index.htm\" REL=\"nofollow\">Affluent Americans Sour on Real Estate<\/a><br\/><br\/>I wonder if any Realtors, you know, the ones focusing on the \"markets that really matter,\" are paying attention...<br\/><br\/>oh wait, Seattle\/Bellevue\/Tacoma is different. Like the dot-com economy was different.',''); return false;">Quote</a></div> Recent Money Magazine article: Affluent Americans Sour on Real Estate

I wonder if any Realtors, you know, the ones focusing on the “markets that really matter,” are paying attention…

oh wait, Seattle/Bellevue/Tacoma is different. Like the dot-com economy was different.

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]]> By: The Timhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2674 The Tim Tue, 06 Jun 2006 17:33:33 +0000 http://seattlebubble.com/blog/?p=254#comment-2674 Seattlenobubblebob, <br/> <br/>I would have mentioned the Seattle P-I RE Pros. post, but it's just a rehash of a story we covered here <a HREF="http://seattlebubble.blogspot.com/2006/05/seattle-hybrid-cars-hybrid-real-estate.html" REL="nofollow" TITLE="Seattle-Hybrid Cars & Hybrid Real Estate">a week and a half ago</a>. <br/> <br/>Yawn.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2674','The Tim',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2674','The Tim','Seattlenobubblebob, <br\/> <br\/>I would have mentioned the Seattle P-I RE Pros. post, but it\'s just a rehash of a story we covered here <a HREF=\"http:\/\/seattlebubble.blogspot.com\/2006\/05\/seattle-hybrid-cars-hybrid-real-estate.html\" REL=\"nofollow\" TITLE=\"Seattle-Hybrid Cars & Hybrid Real Estate\">a week and a half ago<\/a>. <br\/> <br\/>Yawn.',''); return false;">Quote</a></div> Seattlenobubblebob,

I would have mentioned the Seattle P-I RE Pros. post, but it’s just a rehash of a story we covered here a week and a half ago.

Yawn.

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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2673 biliruben Tue, 06 Jun 2006 17:25:47 +0000 http://seattlebubble.com/blog/?p=254#comment-2673 Also it looks like there were a couple montrous housing tracts selling huge numbers of new houses.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2673','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2673','biliruben','Also it looks like there were a couple montrous housing tracts selling huge numbers of new houses.',''); return false;">Quote</a></div> Also it looks like there were a couple montrous housing tracts selling huge numbers of new houses.
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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2672 biliruben Tue, 06 Jun 2006 17:23:46 +0000 http://seattlebubble.com/blog/?p=254#comment-2672 Looking at the data, it looks like there were two condo projects completed recently, one high-end (~500K) and one low-end (<200K).<br/><br/>That would skew the statistics.<br/><br/>As an aside, who in the right mind would pay more than half a mil for a condo in Thurston County?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2672','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2672','biliruben','Looking at the data, it looks like there were two condo projects completed recently, one high-end (~500K) and one low-end (<200K).<br\/><br\/>That would skew the statistics.<br\/><br\/>As an aside, who in the right mind would pay more than half a mil for a condo in Thurston County?',''); return false;">Quote</a></div> Looking at the data, it looks like there were two condo projects completed recently, one high-end (~500K) and one low-end (<200K).

That would skew the statistics.

As an aside, who in the right mind would pay more than half a mil for a condo in Thurston County?

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]]> By: bilirubenhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2671 biliruben Tue, 06 Jun 2006 17:18:44 +0000 http://seattlebubble.com/blog/?p=254#comment-2671 This could be due to new and fairly new, low end condos going in bringing the median down.<br/><br/>If you look at the detailed PDF, it looks like there was a large spike in condos on the market, and they aren't selling.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2671','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2671','biliruben','This could be due to new and fairly new, low end condos going in bringing the median down.<br\/><br\/>If you look at the detailed PDF, it looks like there was a large spike in condos on the market, and they aren\'t selling.',''); return false;">Quote</a></div> This could be due to new and fairly new, low end condos going in bringing the median down.

If you look at the detailed PDF, it looks like there was a large spike in condos on the market, and they aren’t selling.

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]]> By: Seattlenobubblebobhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2670 Seattlenobubblebob Tue, 06 Jun 2006 17:12:50 +0000 http://seattlebubble.com/blog/?p=254#comment-2670 Thanks Meshugy-<br/><br/>And there you have it class. One of the reasons median prices are "up"--low end home sales lagging upper end. Don't be fooled.<br/><br/>The cheerleaders (NAR) are having a hard time watching their team get their rears kicked.<br/><br/>Can you believe NAR chief economist David Lereah today essentially calling out the Fed to keep rates where they are? He needs to resign.<br/><br/>Check out the<a HREF="http://blog.seattlepi.nwsource.com/realestate/" REL="nofollow">Seattle PI Real Estate Professionals Blog</a> --trying to put a positive spin on things. Evidently Seattle has a big moat around it, keeping inflation in check and housing prices continuing on an upward trend, forever.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2670','Seattlenobubblebob',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2670','Seattlenobubblebob','Thanks Meshugy-<br\/><br\/>And there you have it class. One of the reasons median prices are \"up\"--low end home sales lagging upper end. Don\'t be fooled.<br\/><br\/>The cheerleaders (NAR) are having a hard time watching their team get their rears kicked.<br\/><br\/>Can you believe NAR chief economist David Lereah today essentially calling out the Fed to keep rates where they are? He needs to resign.<br\/><br\/>Check out the<a HREF=\"http:\/\/blog.seattlepi.nwsource.com\/realestate\/\" REL=\"nofollow\">Seattle PI Real Estate Professionals Blog<\/a> --trying to put a positive spin on things. Evidently Seattle has a big moat around it, keeping inflation in check and housing prices continuing on an upward trend, forever.',''); return false;">Quote</a></div> Thanks Meshugy-

And there you have it class. One of the reasons median prices are “up”–low end home sales lagging upper end. Don’t be fooled.

The cheerleaders (NAR) are having a hard time watching their team get their rears kicked.

Can you believe NAR chief economist David Lereah today essentially calling out the Fed to keep rates where they are? He needs to resign.

Check out theSeattle PI Real Estate Professionals Blog –trying to put a positive spin on things. Evidently Seattle has a big moat around it, keeping inflation in check and housing prices continuing on an upward trend, forever.

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]]> By: meshugyhttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2668 meshugy Tue, 06 Jun 2006 16:43:13 +0000 http://seattlebubble.com/blog/?p=254#comment-2668 One interesting thing about those stats is that there has been a big drop off in low end homes (sales of houses under $200K are down 51%). But a huge increase in sales of higher end homes (sales of homes over $400K are up a whopping 158%).<br/><br/>See: <a HREF="http://www.olympicmls.com/jantomay06stats.htm" REL="nofollow">Residential Statistical Information for Thurston County</a><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2668','meshugy',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2668','meshugy','One interesting thing about those stats is that there has been a big drop off in low end homes (sales of houses under $200K are down 51%). But a huge increase in sales of higher end homes (sales of homes over $400K are up a whopping 158%).<br\/><br\/>See: <a HREF=\"http:\/\/www.olympicmls.com\/jantomay06stats.htm\" REL=\"nofollow\">Residential Statistical Information for Thurston County<\/a>',''); return false;">Quote</a></div> One interesting thing about those stats is that there has been a big drop off in low end homes (sales of houses under $200K are down 51%). But a huge increase in sales of higher end homes (sales of homes over $400K are up a whopping 158%).

See: Residential Statistical Information for Thurston County

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]]> By: Anonymoushttp://seattlebubble.com/blog/2006/06/06/inventory-is-having-an-impact-on-prices/#comment-2667 Anonymous Tue, 06 Jun 2006 16:30:40 +0000 http://seattlebubble.com/blog/?p=254#comment-2667 Wow, anyone notice the spectacular drop in homebuilder stocks today? 5-7% drops across the board.<br/><br/>KBH, LEN, DHI, TOL all down sharply.<br/><br/>Good thing house prices can only go up.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('2667','Anonymous',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('2667','Anonymous','Wow, anyone notice the spectacular drop in homebuilder stocks today? 5-7% drops across the board.<br\/><br\/>KBH, LEN, DHI, TOL all down sharply.<br\/><br\/>Good thing house prices can only go up.',''); return false;">Quote</a></div> Wow, anyone notice the spectacular drop in homebuilder stocks today? 5-7% drops across the board.

KBH, LEN, DHI, TOL all down sharply.

Good thing house prices can only go up.

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