Apr 04

Puget Sound March home sales

While the median price of single-family homes in King County rose 6% in March, ‘For Sale’ signs continue to remain scarce with the situation not expected to improve anytime soon according to today’s Seattle Times.   The annual rate of price growth has been slowing: In January the median price in King County was 17% higher over the previous 12 …

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Jan 30

Is there a correlation between real estate values and the Super Bowl?

Super Bowl and Real Estate Facts Fact: Seven of the 10 NFL teams that have gone to the Super Bowl the most (five times or more) are from cities with HIGH median home prices, when compared to the average median home price of cities with NFL teams. Fact: Nine of the 13 NFL teams that have gone to the …

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Jan 15

Seattle homes selling faster than U.S. average

According to Redfin, out of the 23 markets surveyed, Seattle is the ninth-fastest moving market for homes to be under contract within 2 weeks. Redfin said that San Jose leads the country with homes sitting on the market for a median number of only 12 days before selling. In Seattle, the median for homes on the market …

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Jun 09

King County’s May median single-family home = $417,500, up 15.3%

The MLS reported the median sale price of a single-family home in King County was $417,500, up 15.3% from the same month a year ago and up 4.3% from April. It was the second month in a row that the median price of a home topped $400,000 and the 14th straight month of year-over-year price …

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May 22

Most popular city? Seattle!

Seattle was ranked the most popular U.S. city, with 57 percent finding the land of Starbucks and Microsoft a favorable place. Fellow Pacific Northwest urban center Portland came in a close second with 52 percent favorable. A poll from Public Policy Polling names Detroit America’s least popular city, out of 21 major metropolises. Only 22 percent of …

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Apr 28

Housing market data for March 2013 – Puget Sound

Curious about what the media has tagged as housing’s Low Inventory? Well, check the data below and compare the number of listings for March 2013 against those for March 2012, a year ago. West Seattle is down over 35%, Beacon Hill down 57%, Issaquah down 39%, Kirkland down 31%, Bellevue South down 47%.  These are big …

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Mar 26

42% cheaper to buy in Seattle area than to rent

Wow! Did you realize that today’s mortgage rates and home prices combine to make it 42% cheaper to buy a home in the Seattle area than to rent? Big difference, eh? Nationwide it’s 44% cheaper to buy than to rent… but this picture will be changing according to Trulia.  Check Trulia’s infographics to see where …

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Feb 21

Hot real estate markets… after the crash. Seattle… good for Sellers

You might have thought you’d never see another top-10 list of hot real estate markets after the housing boom’s spectacular crash. Never say never. Housing’s coming back, mostly. It’s creeping back in some places, leaping in others, and still down in a few. Here’s a look at housing by the lists: one list of the …

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Jan 06

Seattle #6 in 2013 Healthiest Housing Markets

And, you might ask, how did we make the cut? The healthy markets that made the list have 1) strong job growth (Bureau of Labor Statistics) which bodes well for housing demand; 2) low vacancy rates (U.S. Postal Service)–low enough to encourage new construction, but not so low that inventory and sales are restrained; 3) …

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Nov 30

Seattle area home prices are still marching forward

Another post-bubble record increase Prices were up 4.8 percent from September 2011, setting yet another post-bubble record. August’s 3.4 percent year-over-year gain had been the previous high. Prices increased in 13 cities between August and September, led by 1.4 percent increases in Las Vegas and San Diego. “It is safe to say that we are …

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