A reader posted the following question in the forums a few days ago, and while there has been some good advice and discussion there, I thought it would be good to bring the question to the larger audience of the blog for feedback as well. I have owned a 2-bed 1 bath 975 sq.ft. condo,…
Category: Features
Anecdotes: Kenmore Condo Battle Heating Up
The condo battle in my neighborhood (Kenmore) seems to be heating up. In April I mentioned a nearby townhome in an 8-unit complex that went up for sale at $360,000, 20% higher than any unit in the complex has ever sold for in the past, and a mere $30k less than a unit just up…
Reader Stories: Skeptic Buys House
The following is adapted from a recent forum post by user Hyperbola. After a year of occasionally posting comments on this blog, it’s only fair to disclose that my wife and I just bought a house in Woodinville! My rationale about the overall market hasn’t changed — I still think we would have gotten a…
Some Local Home Listing Anecdotes
It’s been a while since I posted any anecdotal observations, so I think it’s time for a few. First up, the 8-unit condo/townhome complex in my neighborhood, which we have visited a few times before. Here’s the summary of the action in this complex of eight essentially identical units since 2005: September 2005: Unit #5…
King County Affordability: 1950-2007
When I posted last week’s 61-year home price history, I promised a follow-up on affordability. So, here it is. Before I get to the chart, here’s a quick refresher on what the “affordability index” is, and what it isn’t. What it is is a simple measure that shows relationship between median home prices, median household…