local real estate news, statistics, and commentary without the sales spin.
With February now complete, let’s have a look at our monthly 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 line in…
This poll was active 03.02.2014 through 03.08.2014
It’s been a while since I’ve posted a good link roundup, and since I’ve seen a number of related stories pop up in the last couple of weeks, I thought it was a good time for one. While the housing market was definitely on fire last year, with respect to bidding wars and home price…
Local home prices gone from undervalued to overvalued in just a year. In January 2013, Seattle-area home prices as measured by the Case-Shiller Home Price Index were four or five percent below where local per capita incomes would suggest they should have been and one percent below where rents suggested. By December 2013, massive gains…
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…