Seattle Bubble

Are you a first-time reader that saw me (Tim Ellis) on KING 5 Evening Magazine this evening? If so, welcome to Seattle Bubble.
First let me say that while I am flattered that John Curley and Jim Dever referred to me as a “real estate guru,” that is not a title that I have ever [...]

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Here’s our monthly look at Seattle’s price tiers from Case-Shiller. Remember that Case-Shiller data is based on single-family homes only, no condos or townhomes, and that Case-Shiller’s definition of the “Seattle area” is King, Pierce, and Snohomish counties. For anyone wondering how the tiers are chosen, check out last month’s post.
Now here come [...]

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Just a quick note to let you know that King 5 Evening Magazine will be airing a series of segments this week under the banner “Real Estate ‘08,” which as you can guess, are all about the local real estate market. You can catch the segments on their website, or on TV from 7:00 [...]

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Winter for Seattle home prices continued in February according to the latest data from the Case-Shiller Home Price Index.
Down 1.0% January to February.
Down 2.7% YOY.
The only people surprised by this data are the real estate agents that really believed it in 2006-2007 when they told people that it was “a great time to buy.” [...]

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Here’s an interesting story that popped up over the weekend and had people emailing me and discussing it in the comments and forums. A downtown luxury condo building named Escala is having trouble moving the last 70 units (of 270, so roughly 25%), so to try and juice up their sales, they’re raising prices. [...]

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This poll will be active and displayed on the sidebar through 05.03.2008.

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