http://www.nwrealestate.com/nwrpub/common/getRpt.cfm?obj=KCbreakouts

Does it seem to anyone else that prices shift from rising to falling at an inventory lower than 6 months? Kind of like we should be using a lower value for the line? Is the NAR telling us 6 months is “balanced” kind of like De Beers telling us we have to spend 2 months salary on a diamond?

I bet that really had you grabbing at your checkbook, didn’t it? The difference between now and January is the seller will have spent several thousand dollars servicing the debt, and the house will be worth tens of thousands of dollars less. Prices are, RIGHT NOW, cratering. They are falling faster than any of these people can possibly comprehend.

Is this the guiness record for hod?

Realtors always say “the seller’s probably just going to rent it.” It’s a variation of “the takeaway.”

Just about every realtor I talked with says the same crap. Believe me, the seller wants to sell it, not rent it out.

See the proof:

http://finance.yahoo.com/q/bc?s=MSFT&t=5y&l=on&z=m&q=l&c=

There’s even a home in PRIME sunset hill (Meshugy? you still here?) on 32nd, with an amazing view of shilshole bay that has cut their asking price nearly as low as the 2005 purchase price. It’s not just the junky areas around Crown Hill that are stalling.

Is this your website [the wolf guarding the degrading MSFT stock henhouse?]?

See the proof:

http://www.microsoft.com/msft/default.mspx

Apparently, she still hasn’t come to terms because renting isn’t going to be too much easier than selling right now. I rent a town home a few blocks away, and was just able to negotiate my rent down from what it was a year ago because our landlord has had to lower the asking price on a different unit that just became vacant (and offer a month free) after he got no biters for the old price.

I went to another open house Ravenna (with another way overpriced list), and the RE agent there said that they were pulling the house from the market in 3 days to relist in January. So, what do they think is going to be different in January?

I live in 710 and I think I know why it’s still a seller’s spot – prices never went as high over here. Sure Wedgewood and Sand Point went as high as anyplace in Ballard ever did – but we bought a nice 2 bedrom in Maple Leaf for less than 400,000 in July of ‘07. Yes, i know we are underwater significantly (believe me I know) but during the height you really didn’t see the high 500’s and 600’s prices you saw anywhere closer in (NW Seattle I’m looking at you). I think the reason we are doing so well is that we don’t have as many people trying to hang onto completely overinflated values – over here values were overinflated but not insanely so. Less far to fall for people to buy. I think the data backs me up on this.

My two cents.
Dave

Like someone on this site said … “Sell now or be priced in forever” lol

My suspicion is that right now Redmond new construction is selling way below list, and the builders are trying to hide this by keeping the old asking prices.

In 6 months I can browse the KC parcel viewer to find out, please let us know now.

If you don’t want to post publicly, maybe you could email this stuff to Tim and he could email it to me? Maybe this is abusing Tim as a courier service, but I am *very* curious and maybe he is too :)

“It’s likely that Microsoft employees are concerned knowing that their company is nearing debt.”

WHAT???

If anything, MSFT will clean non profitable areas. There is no debt.

JANE = RAL’s wife.

I do know that realtors routinely post on Aubrey Cohen’s Seattle PI blog, conveniently with their picture and links to a business website. Then these characters posture against any debate that there’s a speculative bubble that needs to deflate.

Seems mighty unethical to me.

See the proof:

http://boycottnovell.com/2008/11/15/microsoft-layoffs-roundup/

Certainly wouldn’t believe Microsoft was due for layoffs based on any of the crap on that site…

This could spike housing supplies worse.

See the proof:

http://money.cnn.com/news/newsfeeds/articles/apwire/ec46505cd79413c0bdf0105c8dc5520d.htm

Microsoft layoffs looming too? It makes sense based on their lack of stock profit.

See the proof:

http://boycottnovell.com/2008/11/15/microsoft-layoffs-roundup/

Really! I made a bid for new Home by a well known builder, much below the price listed on website (in redmond\kirkland area).

I backed off as they readily accepted my bid, raising by doubts that the bid amount should have been much lower.

Anyone who follows Jane will end up in the drain.

You are on cloud 9 Jane. Wake up!

Great graphs … this shows why nationwide, statewide and county-wide home price statistics are meaningless.

No, lower nationwide home prices mean fewer equity locusts migrating to Seattle.

All the MOS data comes from the statistics published by the NWMLS monthly. You can grab the latest data for Snohomish County from the top of this page. They no longer have public links to older data, but if you are interested in something specific I can probably get it.

The short answer to your question is that the county-wide MOS for Snohomish SFH was 10.9. Also note that I cover county-wide data for all the Puget Sound counties in my monthly “Puget Sound Counties” update. Here’s October.

It’s all about the NEIGHBORHOOD!

Remember … “Location, Location, Location”