Category Archive: Market Updates

Feb 08

Tight house supply pushes prices up in King County

From the Seattle Times, 2/5/2015 Expect to see housing prices to go up “We’re a fast-growing area with not enough houses and condominiums on the market,” said Alon Bassok, a researcher at the University of Washington’s Runstad Center for Real Estate Studies. “We can expect to see housing prices go up.” King County Residential Last month’s …

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Feb 04

Seattle area’s ‘hottest’ 2015 home market… Bellevue!

Woodridge becomes one of the hottest home areas for 2015 Seattle, WA Neighborhood Median Sale Price Median Days on Market #1 Woodridge (Bellevue, WA) $ 615,000 8 The current housing trend is toward neighborhoods of compromise and is a shift from the past two years when the hottest neighborhoods tended to be more urban, more …

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Jan 13

Did It Make Sense to Wait?

Over the course of last year, many people debated purchasing a home, but ultimately did not. Let’s look at whether the decision to wait to buy made sense financially. What happened in 2014? The 30 year fixed rate on January 2, 2014 was 4.53% as reported by Freddie Mac. Looking at the chart below, the monthly mortgage …

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Jan 07

Seattle’s Tech Magnet means prices up - Redfin

From the stalwarts to the tech magnets and comeback kids, the new year is likely to see several types of markets. Redfin recently highlighted six “housing market personas” that they believe will be driving the continued recovery in 2015. Here’s an overview of the personas and the pros and cons of each: Stalwarts: “Strong economies, …

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May 24

May national home prices up 8.6% from 2013

Distressed sales down, but still there - 15% of all sales were either short sales or bank-owned.

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Apr 30

Home prices inch up, but few signs of bubble trouble

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The Seattle area posted the nation’s third-highest monthly home-price rise in a housing report released Tuesday, but the gain was slight and signs of a housing bubble are few. Of the 20 metro areas tracked by the S&P/Case-Shiller Home Price Index, Seattle was one of only six areas to see home prices rise from January to …

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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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Feb 16

Market Update - January 2014

January 2014 housing data for Puget Sound counties King, Pierce, and Snohomish. King County’s median home price is $410,000 up from last January 2.36%. Pierce County prices are up 11.73% with a median price of $219,000. Snohomish is up 14.12% to $295,000. The inventory, or number, of homes for sale is mixed from January last year. Fewer …

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Feb 15

Home Sales Reach Seven Year High

There are many naysayers declaring that the housing market is still challenged. Young adults are burdened with too much student debt. Interest rate increases are killing demand. Homeownership is no longer seen as part of the American Dream. These naysayers need to know three things: 13,945 houses sold yesterday, 13,945 will sell today and 13,945 …

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Jan 19

How did Puget Sound home sales end 2013?

King County median home prices Market top median price, July 2007: $481,000 Market lowest point, February 2012: $308,125 December median price: $419,825 - up about 10.5% from 2012 Buyers closed on nearly 1,800 houses in King County during December 2014 — 3% more than the prior December, The condominium market was also busy: 511 condos sold, 145 more than a year ago, for …

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