local real estate news, statistics, and commentary without the sales spin.
County-wide statistics.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to February data, Seattle-area home prices were: Down 0.2% January to February Up 9.3% YOY. Down 26.7% from the July 2007 peak Last year prices fell 0.8% from January to February and year-over-year prices were down 2.9%. I was actually…
New local job stats came out this week, so let’s have a look at the Seattle area’s employment situation. First up, year-over-year job growth, broken down into a few relevant sectors: Construction growth dipped again, dropping from a 5.9% year-over-year gain in February to 5.2% in March. With 6.4% year-over-year growth, the retail sector was…
Let’s have another look at our monthly sales histogram. Sales across all price tiers got a big boost in March, while the sales curve stayed basically the same shape as February. The mode (i.e. the bucket with the most sales) for non-distressed sales moved from the $400,000 to $450,000 bucket in February down to the…
As promised last week, it’s time to check up on median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales. As of March, the non-distressed median price for King County single family home sales sits at $432,000, up 6.7% from a year earlier and up 1.6% from February. Not much of…
It’s time for our detailed look at March’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: March 2013 King: 795 NTS, up 33% YOY Snohomish: 462 NTS, up 32% YOY Pierce: 605 NTS, up 57% YOY All three counties still above their levels from a year ago,…