By request, here’s an update to the distressed listings map I first posted six months ago. In the map below I have taken all the currently active listings on the market in King, Snohomish, and Pierce counties, and separated them into three buckets: bank owned, short sale, and non-distressed. Each zip code has a pie…
Redfin: Home Sales Thaw a Bit, Prices Still Mostly Falling
Full disclosure: The Tim is employed by Redfin. Now that it’s almost February, we should probably make some time to check out Redfin’s December market data. Here’s an excerpt from the narrative: With buyers hitting the streets, and inventory scarce it stands to reason that sellers who list their homes for sale now, instead of…
Case-Shiller Tiers: Low Tier Falling Nearly 10% YOY
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: Seattle Home Prices Still Hitting New Lows
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to November data, Down 1.1% October to November. Down 4.7% YOY. Down 26.4% from the July 2007 peak Last year prices fell 0.5% from October to November and year-over-year prices were down 10.6%. November’s data marked another new post-peak low…
Listings: Stale in West Seattle, Fresh in North Seattle
I spent some time this weekend compiling a giant spreadsheet of every active listing in all of King, Snohomish, and Pierce counties, so if you don’t like the interactive Tableau maps, this probably isn’t going to be your favorite week. First up, let’s have a look at a map of the “staleness” of listings. The…