My coworker that is selling his Northgate-area house still hasn’t had any luck. In fact, the home that he originally listed at ~$475,000, then dropped to ~$450,000, has had the price reduced again to ~$425,000. Furthermore, it now shows up as a "new listing," listed in the past seven days. Hmm, interesting. Also, I just…
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.
$500,000 Condos In Puyallup
Some parts of the market in the greater Seattle area may be slowing down, but nobody told the condo developers in Puyallup: After several years of public investment in downtown Puyallup, private money is now pouring into multilevel condominiums around Pioneer Park. It appears to be money well spent. Some units are expected to sell…
Condo Conversions Taking Over Seattle
Apartment to Condo conversions made the front page of today’s Seattle P-I in a story titled City’s renters lose out as condo switch soars. Thousands of Seattle renters have been displaced as developers turn to apartment buildings to meet strong appetite for in-city homes. Apartment-to-condominium conversions in Seattle have skyrocketed, from 345 in 2004 to…
The Increasing Expense Of Living In Seattle
It’s getting more and more expensive—twice as fast as the national average—to live around the Puget Sound: Consumer prices in the Puget Sound area increased 1.3 percent over January and February – almost double the rate of inflation nationally. Housing prices, up 2.4 percent, led the increases in the Tacoma-Bremerton-Seattle area, the Labor Department reported…
Downtown Everett Condo Conversion
Most of the stories I post on here are about trends and big-picture type things, but it’s good once in a while to look at individual examples of how the housing craze is affecting people and places around the Puget Sound. In that vein, here’s a story about “downtown Everett’s biggest apartment building,” its impending…