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…
Month: August 2005
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 &…