As November draws to a close, would anyone care to venture any guesses as to what the King County MLS numbers for the month will show? Here are my guesses, straight outta left field: Median Closed Sales Price (Res): $435,000Median Closed Sales Price (Condo): $260,000Active Listings (Res): 7,250Pending Sales (Res): 2,000 If the numbers come…
Category: News
News, current events, etc.
Rose-Tinted Listings
I get the feeling that someone at Inman News has been reading Seattle Bubble lately… Check out this story about the misleading descriptions real estate agents sometimes write for properties. Do you steam when you follow up on a newspaper advertisement for “cozy cottage” and find a falling-down fixer? Can the term “waterfront access” accurately…
Sell It In The Slow Season
Story from HeraldNet.com, November 26, 2006 Summer, the prime time for selling a home, was approaching and Jeanne and Eric Mehan wanted to sell fast. In the rush to sell before fall, the Woodinville couple acted on some bad advice. Put it on the market, full of clutter, not cleaned, at top price, even if…
Trend: More Price Reductions for Seattle
From Bubble Markets Inventory Tracking: Percentage of Reduced Listings Per Market. Ventura County:10/22: 51.3%—> 11/18: 50.3% Sacramento Metro:1/30: 30.5%—> 10/20: 49.0%—> 11/18: 49.0% Orange County:1/30: 22.8%—> 10/20: 45.8%—> 11/18: 45.0% San Diego County:1/30: 26.3%—> 10/20: 43.9%—> 11/18: 42.9% Phoenix Metro:1/30: 28.0%—> 10/20: 43.2%—> 11/18: 42.2% Riverside County:1/30: 27.3%—> 10/20: 40.2%—> 11/18: 39.5% Las Vegas Metro:1/30:…
WCRER: Affordability Continues To Drop
The Washington Center for Real Estate Research (WCRER)has released their latest affordability statistics. Unsurprisingly, home affordability in King County dropped yet again, reaching a new low of 69.2. Here’s your latest graph of WCRER’s index since 1994: Click to enlarge The decline in affordability from Q2 to Q3 was relatively minor, due to lower interest…