Seattle Real Estate:

What happened with real estate in King County last month? Pretty much more of the same. You can see below that both average and median prices resumed a downward trend, we’re seeing an increased number of sales that pretty much follows seasonal trends, and it’s still taking a while for homes to sell. This is [...]

Real estate in 2009 is undoubtedly different than it was just a few short years ago – fewer sales are taking place, market times for sellers are longer, and prices have come down. What does this look like for us here in King County? The numbers can be sliced many different ways depending on home [...]

As I was reading the headlines this morning I noticed that Seattle made Forbes Top Ten List for Recession Recovery. Here’s what they had to say: Seattle-Tacoma-Bellevue, Wash. Current GDP: $168.3 billion End of 2010: $179.8 billion (projected) Unemployment: 8% Although battered by recession, the Seattle area’s high-tech economy is poised to start growing again. [...]

Summertime officially reached the Seattle area this past week – sunny days, high temps, and the warm weather chorus, “Are we there yet?” You might be hearing that all too familiar query from the backseat…but as real estate practitioners, we’re hearing it from all corners. The answer?  In my opinion and in a word…no. I’m [...]

In a headline today over at the Seattle PI they’re asking some questions namely, “Pending home sales up again, but will they close?” The article goes on to say: “Pending local home sales continued to surge in May, but that has yet to start translating into more closed deals, according to a new report. Buyers [...]

Real estate statistics are imperfect.  Spin ‘em one way and they lead you in one direction, spin ‘em another and you’d draw a different conclusion. I’ve documented my opinion in the past, but I’m not above displaying stats for the sake of looking at a trend over time.  We follow the daily real estate headlines [...]

You’ve probably heard by now that sales of homes in the Western United States improved in February.  Not to be a wet blanket….but while I think that could be an encouraging sign, we’re not out of the woods yet.  As always when it comes to real estate, buyers and sellers should be making decisions thoughtfully with information specific to [...]

Now what do we do?  Granted, crummy is a relative term.  Compared to other areas, our market seems absolutely peachy.  For some – sellers who want the darned house sold already – it feels like the pits.  What do we mean by crummy?  Upside down home owners, wannabe buyers without a big enough down payment, [...]

I’m a fan of the Puget Sound Business Journal.  Here are a few of the interesting tidbits from this week. This is qualified good news: Seattle area job growth near nation’s top, says federal report A real estate market that fares as well as can be expected is not possible without this piece of the [...]