It’s been about a quarter of a year since we last checked in on the Seattle-area’s price to rent ratio, so I thought I’d share an update of those charts. As of January (the latest Case-Shiller data available), Seattle’s price to rent ratio is down to just 2.5% above the 1990-2001 average, hitting its lowest…
Case-Shiller Tiers: High Tier Breaks Into the Black
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…
Case-Shiller: Another New Low as Price Drops Slow
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to January data, Seattle-area home prices were: Down 0.7% December to January. Down 4.0% YOY. Down 32.4% from the July 2007 peak Last year prices fell 2.4% from December to January and year-over-year prices were down 6.7%. Continuing toward zero…
Smith Tower Foreclosed
In case you missed it Friday, the Smith Tower was sold (back to the bank) at foreclosure auction. Here’s KING 5’s report: Historic Smith Tower sold for $36.9 million That’s what happens when you make a big public announcement about intentions to convert to condos, scaring away all your good tenants, then fail to follow…
Poll: If I could afford just one, I would choose a house…
This poll was active 03.25.2012 through 03.31.2012