For some reason, the NWMLS press release still has not been posted to their public site yet. [Update: Here’s a link to the press release on NWMLS.com: Northwest MLS brokers say housing market is recovering, but still “spongy”. My favorite part is “July’s unseasonably hot weather curtailed activity for several showings and open houses, as…
Tag: Pryne
Some Luxury Condo Developers Finally Dropping Prices
Another great story in the Seattle Times today by Eric Pryne: Bellevue Towers, other new condo projects cutting prices The developer of the region’s tallest luxury condo towers says it’s cutting prices an average of 20 percent in hopes of kick-starting sales. Only 43 of the 539 units at Bellevue Towers in downtown Bellevue have…
Stalled Development Map Update, Developments in Foreclosure
Just a quick update on the Seattle Bubble interactive stalled / slow development map. So far readers have contributed 48 stalled and/or slowed residential developments in the greater Seattle area. The greatest concentration by far is in the Bothell area, which may be due primarily to the fact that that’s where a few especially prolific…
June Reporting Roundup: Muted Enthusiasm for Increasing Sales
With sales skyrocketing to a massive four percent gain over last year and median prices shooting through the roof, the housing market recovery is on, and it’s a race to report it. Let’s check in with the local news outlets to see who had the most sensational write-up this month. First up, the NWMLS press…
May Reporting Roundup: You Have Missed the Bottom (or not)
It’s time once again to check in with our local press to see who simply rehashed the NWMLS press release and who did some actual journalism. First up, the NWMLS press release that accompanied yesterday’s numbers: Inventory shrinking, sales rising, prices stabilizing in some Northwest MLS areas Waiting longer to buy a home is not…