Posted by: Timothy Ellis (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.

6 responses to “Non-Distressed Median House Price Was Flat in January”

  1. renter

    Quick questions to real estate pros here
    1. Is there any safety risk in buying a bank owned property? I see properties partially damaged by the old owner but will he come back after we buy the property? I know I am paranoid :)
    2. People always say bellevue school district is good. But if I see redfin most of bellevue schools have sucky rating vs Sammamish or bothell or issaquah. what is the authoritative place to get ratings?

    Rate this comment: Thumb up 0

  2. Plymster

    So this is what comes of multiple offers and record low inventory? Flat prices? This market is hotter than an armadillo on I-10.

    Rate this comment: Thumb up 0

  3. Kary L. Krismer

    By renter @ 1:

    Quick questions to real estate pros here
    1. Is there any safety risk in buying a bank owned property? I see properties partially damaged by the old owner but will he come back after we buy the property? I know I am paranoid :)

    You should change the locks immediately upon buying any property, even though on an REO they probably already changed them at least once.

    As to the old owner coming back, you could have that type of situation with any property. Maybe the crazy girlfriend of the prior owner will come back, not knowing they’ve left. That type of concern wouldn’t be the biggest concern on my list.

    Rate this comment: Thumb up 0

  4. Robroy

    Fwiw, I have a friend who “owns” and lives in his/her house within the Seattle city limits that has not made a house payment in over four years. The bank was finally wrapping up the situation and was definitely going to be foreclosing in the next couple months. This was in
    February of 2012.

    Rate this comment: Thumb up 0

  5. Plymster

    RE: Robroy @ 4 – Is your friend still living there, or did the bank foreclose as expected?

    Rate this comment: Thumb up 0

  6. Reporting Roundup: Tough Choices for Buyers Edition • Seattle Bubble

    [...] is still worth pointing out that home prices are not really “surging,” with the non-distressed median price only up 3.8% as of January. That said, the market right now is definitely not [...]

    Rate this comment: Thumb up 0

Leave a Reply

Do you want a nifty avatar picture next to your name, instead of a photograph of Tim's dog? Just sign up with Gravatar, and make sure to use the same email address in the form below. It's that easy!

Please read the rules before posting a comment.

You have 4 comments remaining on this post.

Archives

Find us on Google+