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.

Cool: $140k “Micro-Home” packed with smart home features

The video is packed with quite a few obnoxious buzzwords (and some NSFW language) but I do appreciate the concept of this 352-square-foot home. It’s produced on an assembly line and can be “installed” in a wide variety of locations and configurations, plus it’s loaded with smart home tech and modular designs…

NWMLS: Seattle housing market shows no signs of slowing in August

Every month I hope to see some good news for buyers in the numbers. Every month I am disappointed. Listings are still in short supply, sales are strong, and prices just keep going up at a breakneck pace. Sorry, buyers…

Case-Shiller: Seattle On Top Again in June

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to June data that was released this morning, Seattle-area home prices were:

Up 1.4 percent May to June
Up 13.4 percent year-over-year.
Up 19.4 percent from the July 2007 peak

Over the same period last year prices were up 1.4 percent month-over-month and year-over-year prices were up 11.0 percent.

Home price growth in Seattle as measured by Case-Shiller show no signs of slowing. Seattle leads the nation yet again in year-over-year home price growth. However, there was one city that passed Seattle in month-over-month price gains in June—Detroit, of all places.

NWMLS: Listings and Sales Slip, Prices Edge Up in July

July market stats have been published by the NWMLS. Let’s dive into the numbers for July.

Prices keep climbing as listings are still scarce. What more is there to say? So far this year we haven’t seen any movement in the trends that point to some kind of change coming soon in the market.

July Stats Preview: Summer Snoozefest

Let’s take a look at regular monthly “preview” charts. Now that July is in the past let’s take a look at the local housing market stats for the month. Short story: Inventory edged up again but is still at historic lows. Sales are slipping slightly year-over-year but are still quite strong. Here’s the snapshot of […]

Redfin IPO Raises $138 Million, Share Prices Climb

Redfin’s long-awaited IPO went well for the Seattle-based technology-powered real estate brokerage this morning. They priced the IPO at $15 per share last night, raising $138 million for the company. When shares started trading on the open market this morning under the ticker symbol RDFN they opened at $19.56.

Case-Shiller: Seattle Home Prices the hottest in the nation. Again.

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data that was released this morning, Seattle-area home prices were:

Up 1.8 percent April to May
Up 13.3 percent year-over-year.
Up 17.7 percent from the July 2007 peak

Over the same period last year prices were up 1.4 percent month-over-month and year-over-year prices were up 10.7 percent.

Home price growth in Seattle as measured by Case-Shiller show no signs of slowing. Seattle leads the nation yet again in month-over-month and year-over-year home price growth. Thanks, Amazon.