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Spring Bounce!

deejayohdeejayoh
edited March 2008 in Seattle Real Estate
It's here!!!

check out what has happened to inventory since the beginning of March. It's up about 100 listings a day.

Comments

  • jjljjl
    I'm not sure where you get your info or what your criteria is but here are some facts:

    New Residential Listings for Seattle only (Excluding re-lists)
    3/1 17
    3/2 6
    3/3 43
    3/4 39
  • rose-colored-coolaidrose-colored-coolaid
    I'm sure it's King County and not just Seattle. After all, even the people who work in down town frequently buy elsewhere in King County.
  • jjljjl
    Okay, here is King Co.

    King Co. New Residential only listings (re-listed properties)

    3/1 67 (43)
    3/2 26 (20)
    3/3 132 (40)
    3/4 75 (38)

    I just like to provide accurate information for discussion.
  • rudekickrudekick
    I'm sure DJO was basing his info on the inventory tracker on the side of the main page. Normally, there is a pretty big drop in inventory in the wee hours of the morning. For whatever reason, that did not happen Tuesday morning (it happened a few weeks ago too). The result was that it looked like inventory was growing very rapidly for the first few days of the month, and then dropped fairly sharply Wednesday morning.
  • jjljjl
    ... my information is from the NWMLS and manually edited to weed out the re-listed properties so we have a good handle on "new to the market" listings.

    I like to use accurate info in my data analysis. Just pulling new listings on 3/1 from the MLS showed 110 new listings, however 43 of those were relists.

    I am currently tracking this for Snohomish Co., but I'm happy to provide you any numbers for King Co. that you like.
  • jjljjl
    ... so far today (11:30 am) 3/5 there are:

    King Co. Residential only

    26 new listings
    7 relisted
  • rose-colored-coolaidrose-colored-coolaid
    Thank you for the accurate information jjl. I know we all appreciate it, but not everyone has access/spare time to go through each listing.

    However, if you wanted to start a new thread, which you post to once a week with inventory numbers or a simple +/- for the week I'm sure a number of people on the board would find that information very interesting.
  • deejayohdeejayoh
    deejayoh wrote:
    It's here!!!

    check out what has happened to inventory since the beginning of March. It's up about 100 50 listings a day.

    There. corrected with your info (thanks. I was doing what rudekick suggested, using Tim's log - and frankly - eyeballing it. I didn't know we had readers who were sticklers for detail AND who had access to real time MLS data!) At that rate, we'll only have 1,500 additional listings by the end of the month. Which would only take us to 70% higher than last year.

    I doubt the rate will stay this high - but I suspect it's still a preview of what we'll see this spring: lots more growth in inventory than growth in sales .
  • ira sira s
    Within the last week or so I'm seeing an increase in pending sales, and a much larger increase in new listings.
  • jjljjl
    King County - Residential only

    STI & Pending Sales Per Week:

    2/1 - 2/8 147
    2/9 - 2/15 213
    2/16 - 2/22 279
    2/23 - 2/29 437
    3/1 - 3/7 654
  • Lake Hills RenterLake Hills Renter
    I took a walk around the neighborhood today to enjoy this fine spring weather, and purposely walked past as many for sale signs as possible (and there were many) to check the prices. Some are pretty reasonable for the current market, about 5-10% off from last year, but some were absolutely rediculous. I think I know which ones have a better chance of selling.

    Apparently being directly across the street from a middle school adds $150k in value to your house. Maybe they're pricing for pedophiles.
  • MarkorMarkor
    Lake Hills Renter wrote:
    Apparently being directly across the street from a middle school adds $150k in value to your house. Maybe they're pricing for pedophiles.
    I think I know which one you're talking about. It's not worth $387K, but a similar house on busy Newport Way in Eastgate sold recently when listed for $380K (and the yard next door looks like a mini-landfill), so the sellers would be remiss for not trying. I think they'll get $350+K for it, but by 2009 it'll probably be worth less than $300K.

    I'd rather my house be facing a middle school than neighbors.

    Lake Hills' house values could get a boost of upward pressure overnight if people were actually cited for breaking lawn-junk ordinances.
  • Lake Hills RenterLake Hills Renter
    Markor wrote:
    Lake Hills' house values could get a boost of upward pressure overnight if people were actually cited for breaking lawn-junk ordinances.

    Hah, that's the truth! I think the house for sale on the street behind me hasn't sold primarly because it faces the worst house in a 4 block radius as far as lawn maintenance and junk goes.

    By the way, the house I mentioned across from the school is up for $640k, not $387k. I saw a similar house on Lake Hills Blvd itself -- a very busy street -- for over $700k. That's well above any comps I've seen in the area.
  • ira sira s
    If you're " pricing for pedophiles", where do you advertise?
    The NAMBLA Times?
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