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Why are property tax assessments often so inaccurate?

Posted on July 9, 2010July 10, 2010 by The Tim

As a follow-up on last week’s post about how falling home values can still lead to an increasing property tax bill, I thought I would go a little more detail on how the county assessor comes up with that magical home value number on which they base your tax bill. Here’s how the King County…

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June Reporting Roundup: Cliff Edge Edition

Posted on July 7, 2010July 7, 2010 by The Tim

Time for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). Unfortunately, the NWMLS’ full press release still hasn’t been posted to their website anywhere that I can…

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NWMLS: Inventory Exceeds 2009 High as Buyers Disappear

Posted on July 6, 2010July 6, 2010 by The Tim

June market stats have been published by the NWMLS. Here’s a link to the NWMLS press release (not yet live as of this posting). Here’s a look at pending and closed sales over the last year and a half: You’ll notice that there’s about a two month delay between when pending sales make a big…

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One in Four Seattle Area Home Listings are Distressed

Posted on July 6, 2010July 8, 2010 by The Tim

[Note: I originally posted this on Tuesday morning, but less than two hours after I posted it, it was pushed down the page by the June NWMLS update. Since I put a lot of work into this map and I thought the content of this post was pretty interesting, I thought it deserved a little…

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Cheapest Homes: July Edition

Posted on July 5, 2010 by The Tim

Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This…

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Real Estate Market Chart by Altos Research www.altosresearch.com

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