Comments on: Puget Sound Counties Interactive August Update

By: AMS

AMS — Fri, 25 Sep 2009 20:19:50 +0000

RE: softwarengineer @ 4 - When sales are near zero, a 5% increase in the number doesn't amount to much. Total gross volume in dollars still has downward pressure, and thus liquidity continues to be an issue.

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By: softwarengineer

softwarengineer — Fri, 25 Sep 2009 20:01:35 +0000

Let’s Put this Rosy King County YOY Closed Sales Upbeat in Perspective

Archive Fall 2008 Times article in part:

“….While pending and closed sales of single-family houses were down about 20 percent overall in King County in October [now up 5.0%], the drop was more severe — about 30 percent — on the Eastside. In the county’s easternmost reaches — including Sammamish, Snoqualmie and North Bend — sales activity was off nearly 40 percent….”

The rest of the URL:

http://seattletimes.nwsource.com/html/nationworld/2008362044_homesales07.html

It makes the King County 5% YOY uptick look like a joke, doesn’t it; especially for the eastside’s Sammamish Microsoft market collapse since 2007…LOL

Couple this cheery rude awakenning for King County with a concurrent YOY 12% price drop [IMO, that figure is totally debatable BTW] and you have Great Depression II.

Reply – Quote

By: AMS

AMS — Fri, 25 Sep 2009 19:14:34 +0000

RE: Anon. @ 2 -C-S data is released on the last Tuesday of every month.

Reply - Anon. @ 2<\/a> - \n\nC-S data is released on the last Tuesday of every month.',''); return false;">Quote

By: Anon.

Anon. — Fri, 25 Sep 2009 16:49:10 +0000

I'm definitely missing the case-shiller graph by tier.. When does that one come out? I think it's the most valuable metric for monitoring the progress home values.