Some quotes from J. Lennox Scott about the local real estate market. October 2007: This is an ideal time for buyers because they no longer have to pay the pricing premium that existed in previous years. There is less competition for homes, yet prices continue to appreciate, creating a great opportunity for buyers to position…
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.
Foreclosure Increases Slowed in November
Here’s your November update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: November 2008 King: 540 NTS, up 57% YOY Snohomish: 220 NTS, up 28% YOY Pierce: 465 NTS, up 28% YOY The graphs below are derived from monthly Notice of Trustee Sale counts gathered at…
Declining Appreciation Closely Tied to Sales Volume
I was going back and updating some of my lesser-used spreadsheets today when I came upon one that I thought was particularly interesting. The graph below is an updated version of something I presented originally in the post Home Buying Demand vs. Price Changes back in April. The chart below takes the year-to-year change in…
Puget Sound Counties November Update
Let’s check in on the NWMLS statistics from around the sound. Here’s where the YOY stats stand for each of the six counties as of November 2008: (Note: The “Sales” data below represents pending sales, not closed sales.) King – Price: -9.2% | Listings: +2.2% | Sales: -21.2% | MOS: 8.7 Snohomish – Price: -11.1%…
“A continuing, steepening decline in opportunities here in Seattle”
The Institute of Real Estate Management (IREM), whose primary focus is on the “multi-family and commercial real estate sectors”, held an “economic-forecasting event” on Friday, which both a P-I reporter and Matt at Urbnlivn wrote up reports on. Here’s an excerpt from the P-I’s story: Real estate a sore point in Seattle area economy “When…