"Financiers worry Seattle’s apartment boom is overdone" http://t.co/463RRbQgsN via @SeattleTimes -> "Over the long haul, the economy grows when people invest in things other than housing." http://t.co/KgOnC2unkx via @WSJ -> "'Apodment' living isn't for Snohomish, council says" http://t.co/EwMmy29UiF via @EverettHerald ->
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.
Friday Flashback: “Prices more than held their own.”
Six months after home prices in the Seattle area began declining from their July 2007 peak, the annual report from the NWMLS led to a series of amusingly rosy stories in the local press in early 2008. Here’s a typical example from the Seattle Times: ’07 home prices not so bad after all With all…
South King and Eastside Sales Neck and Neck
Let’s take an updated look at how King County’s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”: low end: South County (areas 100-130 &…
Southwest King County Still Most-Distressed
I haven’t posted this in a few months, but here’s a chart that I keep of the share of sales in each NWMLS region that were bank-owned. 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 N King…
Non-Distressed Median Price Gains Slow
As promised last week, 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 March, the non-distressed median price for King County single family home sales sits at $432,000, up 6.7% from a year earlier and up 1.6% from February. Not much of…