Let’s check in on the NWMLS statistics from around the sound and see if the bottom is in yet for any of the seven Puget Sound counties we’re tracking. Here’s where the YOY stats stand for each of the six counties as of May 2008: King – Price: -6.2% | Listings: +41.7% | Sales: -38.7%…
Month: June 2008
Lawrence Yun Changes His Tune on Seattle
Remember about four months ago, when NAR Chief “Economist” Lawrence Yun said this? You may even say Seattle is underpriced if you believe Seattle is becoming a superstar city. Seattle is underpriced in relation to other West Coast markets. Well, it seems he has changed his tune ever so slightly. Here’s a more recent quote,…
Ask the Readers: Upgrading – Sell Now, or Wait it Out?
A reader posted the following question in the forums a few days ago, and while there has been some good advice and discussion there, I thought it would be good to bring the question to the larger audience of the blog for feedback as well. I have owned a 2-bed 1 bath 975 sq.ft. condo,…
Tax Assessments Falling Around the Sound
Declining property values are beginning to sink in at tax assessors’ offices around the sound. From the Everett Herald: Slump hits tax value of your home “I don’t think I can remember a year where we’ve decreased residential values countywide since I started working here in 1987,” county assessor Cindy Portmann said. Her chief residential…
Follow-Up: Ugly Townhome Forum
This is just a quick follow-up to Wednesday’s Ugly Townhomes post. I wasn’t able to go to the Seattle City Councilmember Sally Clark’s townhome forum on Saturday, but thankfully intrepid reporter Tracy Record with the West Seattle Blog was, and she reports on it there at length: Townhouse forum consensus: They CAN be saved, if……