local real estate news, statistics, and commentary without the sales spin.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data, Seattle-area home prices were: Up 1.7% February to March. Down 1.3% YOY. Down 31.8% from the July 2007 peak Last year prices rose 0.1% from February to March and year-over-year prices were down 7.5%. I stand by…
So far in this week’s poll more people have indicated a preference for homes built before 1940 than any of the other options. If you’re shopping for older homes, in addition to your regular inspection, you should really get a sewer scope done as well. A sewer scope is exactly what it sounds like. They…
This poll was active 05.27.2012 through 06.02.2012
Just half a decade after the peak, "Downtown Seattle condos are finally filling up" via http://t.co/oxxTPlQP @SeattleTimes # From the condo article: "Escala's owner… is resigned to losing money on the project. The only question is how much." http://t.co/oxxTPlQP # "Mastro creditors unlikely to recoup more money in near future" http://t.co/7Wxc39VE via @SeattleTimes # Historic…
Here’s a delightfully hyperbolic piece from June 2006, about a year before Seattle’s peak pricing (but eight months after sales began declining year-over-year). By this time most of the rest of the country had figured out the boom was over, but remember, Seattle was special! Blaine Weber, half of the big-time local architecture team of…