Redfin New Overview Page and Trends

[perfectfire]

Someone pointed out the new tools on Redfin and I have to say I'm impressed. I looked at Seattle and Bellevue and found on both cities the decline in sold $/sf has become steeper since mid-2008 while the listing $/sf has actually turned slightly up since early 2009. Housing is getting worse while sellers are becoming even more delusional or is the mix starting change as more expensive properties come under pressure (I know this is beginning to happen in other areas, but I would've thought we'd be a bit behind them)?

I also noticed in both cities that the # sold usually starts to ramp up at the end of Q1, but this year it appears that there was almost no increase.

I also checked the "Most Popular Listings" for Bellevue and not a single one in the top 50 was a condo even though nearly one third of all listings in Bellevue are condos. There were only 5 in the top 100. Seems nobody wants condos.

[jon]

The listing $/sq ft is going up because the inventory in lower priced areas has fallen while on the Eastside it continues to build.

[The Tim]

Here's a link to the new stats page for Seattle:

You can pull up a similar page for most cities, neighborhoods, or zip codes. Just type your desired area into the "Location" search box at the top of the map page, and on the right a link will appear that says "Stats & Trends for: [your area]"

Amusingly, on (Kenmore) the "most popular" homes (tab at the top) are the two from our poll.