local real estate news, statistics, and commentary without the sales spin.
Let’s take an updated look at how King County’s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”: low end: South County (areas 100-130 &…
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at November’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: November 2012 King: 870 NTS, up 106.7% YOY Snohomish: 536 NTS, up 168.0% YOY Pierce: 687 NTS, up 222.5% YOY All…
Let’s say you own a home in the Seattle area that sports an unfinished basement. Do you: Leave it unfinished and use it as storage? Partially finish it and use it as a workshop? Finish it and use it as a rec room? Fully finish it with bedrooms and a bathroom? Something else? I’m curious…
Let’s check up on how median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales. As of November, the non-distressed median price for King County single family home sales sits at $430,000, up 4.9% from a year earlier. November matched this year’s high point from June. A 4.9% increase is decent,…
Even as we get into the season when non-distressed sales tend to fall off and distressed sales typically make up a larger percentage of sales, the share of monthly closed sales that were bank-owned homes held flat again, coming in at 6.6 percent in November. I had been expecting this to increase in November, but…