Depending on who you want to listen to, the luxury home scene is either a stagnant buyers market or it is trending upward. The Seattle Times reports on the small number of buyers relative to million-dollar-plus listings. There are dozens of grand homes — daresay mansions — such as the Westwold in Snohomish County. Yet…
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.
Shocking: Tax Assessments Continue Climb
I hope you’re sitting down, because you’re in for a shock. Get this… when "hot, hot, hot" home prices "soar" "sizzle" and make "huge gains," tax assessments that do the same aren’t far behind! I know—who would have thought! Linda Peterson’s 1,200-square-foot rambler in Monroe has the same avocado-colored sinks it had when she bought…
Wednesday Open Thread
This is your open thread for today. Please post random links and off-topic discussions here.
Zillow Releases Market Report, P-I Swoons
Enjoy this puff piece from today’s Seattle P-I about the latest report from Zillow on Seattle’s “impressive” real estate market. A steady stream of potential buyers flowed through a big Craftsman house a couple of blocks from Green Lake on Sunday, apparently undeterred by its $695,000 asking price. The house went on the market Aug….
Olympia Inventory "Substantially Higher"
Here’s another report out of Olympia, on the significant cool-down that housing is experiencing there. As the South Sound real estate market cools from overheated to warm, sellers are increasingly offering price reductions in order to speed up sales. Real estate agents say the recent appearance of homes marked as “Price Reduced” indicates that this…