Redfin: Slow Sales, Little Heat in Seattle’s Housing Market

Full disclosure: The Tim is employed by Redfin.

Last Week Redfin released their September market data. As is my tradition, I will be re-posting the heat map here.

Here’s this month’s sweet Google Fusion Tables zip code heat map. You can zoom in/out, and click on a zip code to get the detailed September numbers for that region.

Heat Map Color Legend

Note that the color being displayed on each zip code is based on whichever type of home (SFH, condo, townhouse) sold the most in that zip code. For the full details on how the heat map is created, see the “Methodology” footnote on the Redfin post.

Also included in the Redfin post is the “top 5 hottest neighborhoods.” Ravenna snags September’s top spot, with a heat index of 90.4, as Lake City takes #2 with 83.8. Rainier Valley was once again the coldest neighborhood, with a Heat Index of just 32.2.

  

About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

4 comments:

  1. 1

    Interesting Color Chart’s Results

    Practically everything in the Seattle area is cool to dismal….

    I know a way to brighten up the real estate color code areas….denial, let’s all go into denial.

    SWE does it a lot lately, its therapeautic.

    Perhaps we need to put more emphasis on rental properties and $1000/mo SFHs with multiple tennant offers….a lot of these landlords bought underwater and filling their units keeps the debt crisis can kicked down the road….

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  2. 2
    Urban Artist says:

    I was just looking on Redfin and in the areas I am looking almost everything is pending. I’m looking in Ballard,Magnolia, Greenlake, and Roosevelt/Ravenna. I guess that is the hot area. Prices aren’t budging much either. Why all the pendings all of a sudden? Are the low interest rates getting more people off the fence? Or is that people can’t take renting anymore and are taking the plunge? I’m in that latter group.

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  3. 3
    dscott says:

    UA,
    We spent part of the weekend looking at homes on the east-side outskirts and found that many if not most of the interesting homes were pending and/or short sales. While less frustrating then watching prices climb by the hour, it ranks pretty high …

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  4. 4
    Drone says:

    Ah Greenlake. Perhaps I shall never afford you…

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