local real estate news, statistics, and commentary without the sales spin.
County-wide statistics.
There have been a few stories in the Seattle Times recently about the rapid rise of local rents: August 24: Soaring rents force lifestyle changes September 23: Local apartment rents continue climbing So I thought it would be a good time to take a look at how rents are comparing to home prices, since they…
Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to June data, Seattle-area home prices were: Up 1.9% June to July Up 12.5% YOY. Down 17.1% from the July 2007 peak Last year prices rose 1.4% from June to July and year-over-year prices were up 3.1%. After slowing down…
Let’s have a look at how listings are doing over the last few months. First up, here’s a look at the last three months’ worth of new listings, comparing 2013 to every year I’ve got data for. June through August 2013 saw more new listings than the same period in 2012, 2011, 2010, and 2009….
It’s time for our detailed look at July’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: August 2013 King: 582 NTS, down 45% YOY Snohomish: 338 NTS, down 52% YOY Pierce: 467 NTS, down 47% YOY Although the number of trustee sale notices increased month-over-month in all…