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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.

Case-Shiller Tiers: High Tier Surpasses 2007 Peak Pricing

Posted on April 27, 2016 by The Tim

Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…

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Case-Shiller: Seattle Sees Nation’s Biggest Price Gains

Posted on April 26, 2016 by The Tim

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to January data that was released today, Seattle-area home prices were: Up 1.1 percent January to February Up 11.0 percent YOY. Down 1.7 percent from the July 2007 peak Over the same period last year prices were up 0.9 percent…

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Excerpt from Zillow CEO Spencer Rascoff’s Court Testimony

Posted on April 23, 2016April 25, 2016 by The Tim

I was doing some light reading of the public transcripts from the Move vs. Zillow court hearings in King County Superior Court last week. This excerpt from pages 81-84 in the full Wednesday afternoon transcript was certainly entertaining…

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“You hope beyond hope that you get this house…”

Posted on April 12, 2016April 12, 2016 by The Tim

Last week the Seattle Times ran an editorial from a frustrated would-be home buyer currently in the trenches, and the whole piece has an eerily familiar ring to it…

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Around the Sound: Hope is Hard to Find for Buyers

Posted on April 8, 2016April 20, 2016 by The Tim

We haven’t updated our monthly stats for the local regions outside of the King/Snohomish core since last year, so let’s have a look. Here’s your March update to our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.

How is the market doing outside of the central King County area? Not much different, really. Listings are super-scarce, demand is reasonably strong, and prices keep going up…

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