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.

Think niche deals can be found? Think again.

Let’s go over what we’ve learned about the Seattle real estate market. Single family homes: cost increasing, supply decreasing. Condos: cost increasing, supply decreasing. Geographic range of Seattle’s bubble: north to Mount Vernon, south to Olympia. Today we learn that the bubble’s effects stretch even to the obscure niche markets, such as houseboats. “At one […]

Even Mount Vernon is Overheated

Even all the way up in the rural tulip town of Mount Vernon they’re feeling the effects of the housing boom, with home prices and population exploding. To hear those in the know talk, Mount Vernon is the “go-to” place in Skagit Valley for homes over the next 15 years. In that time the county […]


25% Fewer Listings Than July 2004

Though the real estate market here is a lot hotter than the weather, there is one problem for anyone wanting a piece of the action: Lack of available homes for sale. Of course, that’s also part of the cause for the still-skyrocketing prices. Supply and demand, you know. In King County last month, the number […]


Buyers Being Priced Out of Homes, Into Condos

As the cost of real estate continues to soar in the Seattle area, far outpacing wage growth, many buyers are being priced out of single-family homes. This is causing a bit of a surge in the condo market: While single-family home sales in King County were flat last month, condominium sales soared by nearly 6 […]

Doubt Creeping into Some Buyers’ Minds?

More indications that the Seattle area is still red-hot: Compared with median prices for homes and condos sold a year ago at this time, prices were significantly higher throughout the county last month, according to the Northwest Multiple Listing Service’s latest numbers. The number of days that those homes and condos were on the market […]

Seattle’s Hot Market Not Limited to Homes

The real estate craze in Seattle apparently isn’t limited to just the housing market. Even downtown buildings are being bought for far more than it seems they should be worth. The thunderstorm of investment in Seattle real estate kept rumbling as a Texas real-estate investment firm paid $23.6 million yesterday for the 12-story First & […]

Seattle Bubbles Over, All the Way to Olympia

It would seem that Seattle’s red-hot bubble-market is bleeding over into the less-populous portions of the Puget Sound region, even as far down as Olympia. Every month, the median sales price of Thurston County homes sets a record. The record set in June was $228,500 Far lower than the insane average in King County, but […]