Let’s make our regularly scheduled monthly check on the Case-Shiller Home Price Index. According to March data, Down 0.3% April to May. Down 16.6% YOY. Down 22.5% from the July 2007 peak Last year prices fell 0.5% from April to May and year-over-year prices were down 6.3%. Here’s the usual graph, with L.A. & San…
Are Home Price Drops Around Seattle Mostly Over?
I was thinking recently about the claim that we’ve been hearing lately from some sources that Seattle home price declines are over. The primary evidence they seem to provide for this hypothesis seems to be the slight bump in some Seattle-area median prices, and the uptick in sales. I’m not convinced, but rather than just…
Poll: Which is likely to generate the strongest downward pressure on Seattle-area home prices going forward?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 08.01.2009.
Puget Sound Counties Interactive June Update
It’s time for our regularly-scheduled (although somewhat late this month) check on NWMLS statistics from around the sound. Once again, courtesy Tableau Software, the Around the Sound update is rocking exclusive interactive data visualizations. Feel free to download the old charts in Excel 2007 and Excel 2003 format. To get specific info about a certain…
Northshore Townhomes: A Case Study in Bubble Mania Development
Regular readers may recall past mentions on these pages of Northshore Townhomes, an 86-unit townhome complex in my north Kenmore neighborhood. The story of Northshore Townhomes is a classic tale of bubble mania. The 6-acre parcel was purchased in 2002 for $1 million by well-known local developer Mike Mastro (via an LLC), but development did…