local real estate news, statistics, and commentary without the sales spin.
Here’a a great gem that was posted on Rain City Guide in April 2006 by Chuck Reiling: Are We Brewing A Bubble In Seattle? Probably the most frequent single question I get as a realtor from my friends and clients and contacts is “Are we in a real estate bubble?” …there are two kinds of…
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at June’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: June 2012 King: 645 NTS, down 30.2% YOY Snohomish: 388 NTS, down 16.2% YOY Pierce: 407 NTS, down 25.3% YOY Still…
In late June’s post where I plotted the long-term trend of inflation-adjusted local home prices, there was some disagreement with my snarky insinuation that zero real appreciation over thirteen years (1999 to 2012) represents a lousy investment. As one reader correctly pointed out, the stock market’s total non-inflation-adjusted return over the same time period is…
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 &…
In the comments on last week’s NWMLS stats post some readers asked what the median price would look like if you removed the distressed sales from the mix. Here’s the answer: As of June, the non-distressed median price for King County single family home sales sits at $430,000, up 2.4% from a year earlier. The…