Here’s another story pointed out by a reader. If only I had millions to sink into an apartment complex three years ago, I could have $6 million more now! What difference can three years make in terms of rising real estate values? In the case of Country Glen Apartments in Kent, which recently changed owners…
Seattle "Buffered From Cooling Trends"
A number of readers pointed out USA Today’s “Close to home” profile of the Seattle residential real estate market. There’s not a lot of substance to it, and this quote is almost the entire text: Seattle’s strict growth- management policies and an economic rebound are buffering the region’s real estate market from cooling trends. The…
May Reporting Roundup
Let’s take a look at today’s reporting on the May NWMLS numbers. First up: Home prices keep climbing by Mike Benbow of the Everett Herald: Home prices soared again in May, but that didn’t stop significant numbers of buyers. Sales last month did drop by 1 percent in comparison with May 2005, but they still…
Inventory Up, Sales Down (Still)
Yes, the May MLS numbers are out. Here are direct links to the full NWMLS stats and the King County "breakouts" (PDFs). So far I’ve seen just one news report on the numbers, a blurb in the Puget Sound Business Journal: Buyers looking for homes near the job centers of Seattle and Bellevue won’t find…
"Inventory is having an impact on prices"
It looks like the "spring selling season" didn’t pull Olympia out of its slump: This year’s larger inventory of South Sound homes for sale might be keeping homes on the market longer and slowing prices down. For the past four months, it has taken longer for homes to sell compared with last year. And for…