The Mastro drama continues… "Seized Mastro jewelry valued at $3 million" http://t.co/vK3CMxNbrX via @seattletimes ->
Author: 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. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.
Bank-Owned Sales Drop Below 20% in SW King County
Here’s one more chart on the share of sales that were bank-owned homes. This one shows the share of sales that were bank-owned broken down by the NWMLS-defined regions. In this chart I’ve grouped zip codes into their approximate NWMLS regions, which break South County into SE King and SW King and display Seattle and…
Non-Distressed Median Price per SqFt Up 4.2% from 2012
As promised yesterday, it’s time to check up on median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales. As of April, the non-distressed median price for King County single family home sales sits at $444,000, up 6.5% from a year earlier and up 3.3% from March. Last year the month-over-month…
Bank-Owned Sales Inched Down Again in April
Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In April 2012 15.2% of the sales of single-family homes in King County were bank-owned. In April 2013 that number was just 6.8%. The low point of the last few years was 5.7% in November. I wouldn’t…
Rising Homeownership May Lead to Rising Unemployment
There was an interesting article in the New York Times last week that caught my attention: Homeownership May Actually Cause Unemployment Homeownership is a good thing, for the individual and for society. Or so American governments, whether Republican or Democrat, have long believed. The benefits have been cited repeatedly in justifying the existence and expansion…