In the comments on last week’s NWMLS stats post some readers asked what the median price would look like if you removed the distressed sales from the mix. Here’s the answer: As of June, the non-distressed median price for King County single family home sales sits at $430,000, up 2.4% from a year earlier. The…
Tag: Distressed sales
Here’s why selection stinks right now around Seattle.
Full disclosure: The Tim is employed by Redfin. I just posted a lengthy write-up on the bizarre current state of the “national” real estate market over on Redfin, and thought you all might be interested in some of the more Seattle-specific data I pulled when doing research for the post. First up, a look at…
Short Sale Impact on neighbors: Appraisers please advise.
For many newer homeowners, this is the first correction they have experienced. I’ve been asked a question about short sales in an e-mail. It is a good question for both agents and appraisers to answer. It is presented as follows: Appraisers, please chime in. Fake Scenario: A home is sold as a short sale. It…