Sunday Night Stats - Where’s the market heading? July 27, 2008
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Tonight I want to get an idea of where the market is heading as we go into July, as to prices. I’m going to bulk together some Zip Codes that I personally follow, to have a large enough [...]
Seattle Real Estate - 2008 April 17, 2008
Let’s take out the Crystal Ball and a mountain of stats and make some predictions for 2008.
Here are my predictions for residential (not condo) sales in 2008:
16,500 will sell by year end.
3,583 sold in the first quarter (fact not prediction)
4,455 will sell in the second quarter
4,950 will sell in the third quarter
3,927 will sell in [...]
How to evaluate “the comps” and price per square foot April 11, 2008
With more and more home buyers and sellers participating in the home buying & selling process to a greater degree than ever before, we can’t write enough posts that provide the basic infomation and skills that help them evaluate home prices. The other day I talked about the popularity and pricing of homes in differering [...]
Older sells faster and for more April 8, 2008
It may surprise you to know that older and even oldest sells faster, and for more money on a price per square foot basis. In the last six months the median days on market for homes sold in King County was 50 days and the median price per square foot was $219. But you [...]
Seattle Real Estate - Sunday Night Stats March 30, 2008
Before I get to tonight’s stats, let’s talk a little bit about some myths out there. Many are saying that the volume of sales is down by 30% this year because the low end can’t finance, as if only the lowest of price ranges is reacting to the mortgage markets. Not so. [...]
Seattle Real Estate January 1, 2008
I left December out, since most of the month end closings aren’t posted yet, and month end could be a large percentage of a month’s sales. But we want to start off 2008 with some kind of benchmark and expectation for the year in front of us.
I could have called this “and then came September…”, [...]
How are condo/home sales being financed? September 29, 2007
I don’t know about you, but I’ve been chomping at the bit to know how people who are buying, are financing these purchases. It’s a monumental task to wade through the detail on this. I probably should have waited a week to get all of the September closings into the mix from the last few [...]
Taking on KING/KONG… September 18, 2007
Yesterday I was interviewed by a KING-5 reporter, Kim Holcomb, and which I had written about on my blog at this post. I had jokingly referred to taking on King Kong but only because the news segment was shown on KING-5 and KONG-6 last night.
The news story was about how the market here is changing just [...]
To Landlords and sellers in City of Seattle - new rules w/ fines… Get up to speed! January 31, 2007
Important Fair Housing Notice for Seattle
The City of Seattle has recently adopted a new ordinance that requires all real estate professionals (including brokers and property managers) within the city limits to prominently display a fair housing poster in their place of business. The poster is available at http://www.seattle.gov/civilrights/outreach.htm under the link for “Housing Issues.” [...]
My funniest ever sale December 22, 2006
Talking about “covering for another agent” reminded me of my funniest ever sale of a house. I was getting my first ever leg waxing when the phone rang and an agent asked me to show a house to one of his buyer clients. He was “down the shore” (Jersey) with his family. I said no [...]
