{"id":12752,"date":"2010-10-05T14:32:39","date_gmt":"2010-10-05T21:32:39","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=12752"},"modified":"2010-10-05T14:32:39","modified_gmt":"2010-10-05T21:32:39","slug":"nwmls-king-county-home-sales-drop-further-into-gutter","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/10\/05\/nwmls-king-county-home-sales-drop-further-into-gutter\/","title":{"rendered":"NWMLS: King County Home Sales Drop Further Into Gutter"},"content":{"rendered":"

September market stats have been published by the NWMLS. Here’s what they have to say about their numbers: "Wise Buyers" Taking Advantage of Chance to Get Stellar Homes<\/a>.<\/p>\n

MLS director Pat Grimm, managing broker at Windermere RE\/Capitol Hill in Seattle, reports an upsurge in people looking at properties, particularly move-up buyers. He attributes some of that activity to homes “finally being priced competitively.” The new pool of potential buyers are “getting their feet wet, but they’re taking their time before they jump in,” he commented.
\n…
\n“There are many very wise buyers taking advantage of what may be a once-in-a-lifetime opportunity,” said Mike Skahen, whose real estate career spans nearly 30 years. “We haven’t seen a summer like this in home sales since 1982 when interest rates were hovering around 16 percent,” he observed.<\/p>\n

Skahen, the owner and designated broker at Lake & Company Real Estate in Seattle and a member of the NWMLS board of directors, said the buyers they’re seeing have good jobs with Google and Amazon. “They realize they have the chance to get stellar homes in great locations at 25 percent off what they were selling for three years ago and at interest rates approaching 4 percent. I doubt you’ll see a market and selection better than right now,” he commented.<\/p><\/blockquote>\n

So, as long as you have a good job with Google or Amazon, homes around Seattle are easy to buy. Great.<\/p>\n

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CAUTION<\/div>\n

<\/p>\n

NWMLS monthly reports include an undisclosed and varying number<\/a> of
sales from previous months in their pending and closed sales statistics.<\/p>\n<\/div>\n

Here’s your King County SFH summary, with the arrows to show whether the year-over-year direction of each indicator is favorable or unfavorable news for buyers and sellers (green = favorable, red = unfavorable):<\/p>\n