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.

Weekly Open Thread (2015-01-26)

NOTE: If you are subscribed to Seattle Bubble’s RSS feed and are seeing these open threads in the feed, please switch to our official feed at http://feeds.feedburner.com/SeattleBubble  Thanks! Here is your open thread for the week of January 26th, 2015. You may post random links and off-topic discussions here. Also, if you have an idea […]

A Humorous Take on Foreign Buyers Driving Up Prices

Over in the New Yorker (where the issue of foreign buyers is more substantial than a few vague anecdotes): Stop Complaining That I, Zathbog of Planet Cibwarv, Am Inflating U.S. Housing Prices I’m told there’s a familiar narrative that unfolds whenever you try to buy property in a cosmopolitan American city these days. You find […]

The Shadow Inventory Myth is Dead

A little over a year ago, I wrote a series of posts in which I argued that “shadow inventory” (foreclosed homes held off the market by the banks) was nearly non-existent. "Shadow Inventory" Conspiracy Theories Are Nonsense Shadow Inventory Gut Feelings, Rumors, & Anecdotes Undocumented Shadow Inventory Scarce in King County Despite all of the […]

Weekly Open Thread (2015-01-19)

NOTE: If you are subscribed to Seattle Bubble’s RSS feed and are seeing these open threads in the feed, please switch to our official feed at http://feeds.feedburner.com/SeattleBubble  Thanks! Here is your open thread for the week of January 19th, 2015. You may post random links and off-topic discussions here. Also, if you have an idea […]

Foreclosures Almost Back to Pre-Bust Levels

Foreclosures Almost Back to Pre-Bust Levels

It’s time for our detailed look at December foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: December 2014 King: 322 NTS, down 36% YOY Snohomish: 195 NTS, down 27% YOY Pierce: 298 NTS, down 21% YOY The number of trustee sale notices was down big yet again […]

How-To: Turn a 1,475 sqft Lot Into a Half-Million-Dollar Home

How-To: Turn a 1,475 sqft Lot Into a Half-Million-Dollar Home

This was spotted by a user over on Reddit’s /r/Seattle. The images below are of 3941 South Brandon Street on Google Street View. 2008: Empty 1,475 square foot lot. 2011: Foundation 2014: 1,687 sqft, 3-bed, 2.5-bath modern home The resulting home sold last June for just under half a million dollars. Here’s the listing description: […]

Cheapest Homes: January 2015 Edition

Cheapest Homes: January 2015 Edition

Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This […]