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.

7 responses to “February Stats Preview: Not a Preview Edition”

  1. mike

    It appears that even in the unlikely event every NTS resulted in a sale, the impact on inventory wouldn’t be anywhere near enough to tip the market in buyers favor.

    My expectation is with prices increasing, banks are now more motivated to foreclose on homes with non-performing mortgages.

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  2. softwarengineer

    RE: mike @ 1

    Not to Worry Mike

    Unless you’re one of the small minute portion of the Seattle real estate buying households [that's in the market and hasn't already bought in years ago] making $200K+….the conglomerate sales data I’ve seen is not only skimpy, its averaging around $700K when average Seattle homes are currently $360K. That’s gotta mean most of the homes sold lately are like in the $1M category.

    I bet SF and LA are in the same basically “dead game” low inventory boat. Its a rich elite only party now.

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  3. Marc

    Thanks Tim. Love this post. The active listings chart is the most remarkable to me this month. Per the sidebar inventory numbers from Estately it seems inventory half way through March has barely budged at all. It’s just plain terrible.

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  4. toad37

    Nice post Tim, thanks.

    Is anyone else here buying or looking to buy Trustee properties besides Ray?

    Is it true in most cases you can’t see the property before bidding for it?

    Thanks-

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  5. Mike

    RE: softwarengineer @ 2

    I bought last year just as the madness was getting underway. I’m very glad not to be in the market now.

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  6. corndogs

    RE: softwarengineer @ 2 – “That’s gotta mean most of the homes sold lately are like in the $1M category.”

    If by “most” you mean less than 10% then you nailed it!

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  7. corndogs

    RE: softwarengineer @ 2 – “the conglomerate sales data I’ve seen is not only skimpy, its averaging around $700K when average Seattle homes are currently $360K.”

    Congratulations, Frito, this is the first time in the history of the internet the phrase “conglomerate sales data” has ever been used.

    In the movie “Idiocracy”, the main ‘dumb’ character was named Frito. So, you will henceforth be referred to as Frito or Scrote.

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