local real estate news, statistics, and commentary without the sales spin.
Statistics, number-based analysis, etc.
As promised on Wednesday, 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 December, the non-distressed median price for King County single family home sales sits at $409,475, up 6.5% from a year earlier. An increase of 6.5% year-over-year is pretty strong,…
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at December’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: December 2012 King: 1,031 NTS, up 198.8% YOY Snohomish: 609 NTS, up 278.3% YOY Pierce: 770 NTS, up 237.7% YOY All…
Let’s take another look at what share of the monthly sales are being taken up by bank-owned and short sales. In December 2011 20.3% of the sale of single-family homes in King County were bank-owned. In December 2012 that number was just 6.0%. I keep thinking this number will go up as more traditional sellers…
Well, this is just depressing: After the first two full weeks of the year, new listings of single family homes in King County are down 25% from last year. This follows a 14% drop last year and an 18% drop the year before that. For buyers who were hoping that the new year would bring…
Since we looked at the affordability index last week, Let’s have an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home the median household income could afford to buy at today’s mortgage…