Just a quick note to let you know that King 5 Evening Magazine will be airing a series of segments this week under the banner “Real Estate ’08,” which as you can guess, are all about the local real estate market. You can catch the segments on their website, or on TV from 7:00 to…
Case-Shiller: Seattle Prices Rewound to Summer ’06
Winter for Seattle home prices continued in February according to the latest data from the Case-Shiller Home Price Index. Down 1.0% January to February. Down 2.7% YOY. The only people surprised by this data are the real estate agents that really believed it in 2006-2007 when they told people that it was “a great time…
Raising Prices to Entice Buyers—wait, what?
Here’s an interesting story that popped up over the weekend and had people emailing me and discussing it in the comments and forums. A downtown luxury condo building named Escala is having trouble moving the last 70 units (of 270, so roughly 25%), so to try and juice up their sales, they’re raising prices. Yes,…
Poll: What’s your favorite pet?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 05.03.2008.
Big Downtown Land Deal Evaporates
Almost a year ago, a family that has accumulated ownership of 13 near-contiguous acres of downtown real estate in the Denny Triangle finally put the whole lot of it on the market. Mr. Clise is convinced now is the ideal time to sell. The job-market outlook is robust for Seattle, and the office market, with…