Yesterday in response to the story about the vanishing new construction price premium, reader “nwerner” commented: You should also do your analysis on a per SF basis if you haven’t already. The square footage of new construction has dropped considerably, in the range of 20 to 25 percent. Your second comment, re: lower lot prices…
Category: Statistics
Statistics, number-based analysis, etc.
New Construction Price Premium Nearly Vanishes
I was playing around with the sales data I’ve downloaded since April of last year when I noticed a noteworthy trend in the sales of new construction. If you split each month’s sales into new construction and re-sales, then look at the median prices of each group separately, an interesting pattern emerges. What I’ve plotted…
“Entry Level” Home Sales Fell Furthest in July
In order to get a little bit better of a feel for how the tax credit expiration is affecting the sales mix, let’s take another look at a histogram of single-family home sales in King County. To generate the chart below, I downloaded all the sales data for homes sold in King County from the…
Redfin: Seattle Home Sales Deep Freeze in July
Full disclosure: The Tim is employed by Redfin. Last week Redfin released their latest monthly data, along with some interesting commentary and insights from their agents. Unlike the NWMLS releases which are always full of “I can’t believe what an amazing time it is for buyers” tripe, Redfin’s text is actually interesting and informative. Here’s…
Foreclosures Continue to Surge around Seattle
Let’s expand on our preview of foreclosure activity with a more detailed look at July’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: July 2009 King: 1,413 NTS, up 13.2% YOY Snohomish: 690 NTS, up 11.3% YOY Pierce: 872 NTS, up 8.6% YOY Here’s your interactive Tableau dashboard…