local real estate news, statistics, and commentary without the sales spin.
County-wide statistics.
Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In April 2012 15.2% of the sales of single-family homes in King County were bank-owned. In April 2013 that number was just 6.8%. The low point of the last few years was 5.7% in November. I wouldn’t…
It’s time for our detailed look at April’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: April 2013 King: 746 NTS, up 69% YOY Snohomish: 420 NTS, up 53% YOY Pierce: 598 NTS, up 124% YOY Same story as most of this year: still above last year’s…
March market stats were published by the NWMLS this morning. Here’s a snippet from their press release: Multiple offers are "the new normal" for housing market around Puget Sound. “Multiple offers have become the new normal,” remarked MLS director Diedre Haines, the Snohomish County regional managing broker at Coldwell Banker Bain. “We have literally gone…
With April 2013 in the history books, let’s have a look at our stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the preview, drop a…
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…