Category Archive: Seattle

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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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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Oct 23

As the leaves fall, so have house prices fallen in the Seattle area

Single-family home prices in King County saw a remarkable run from January to July, when the median price hit $434,000, a 24% increase in just seven months. Sounds like a 2006 market, doesn’t it? Then a jump in mortgage rates took some steam out of the market. In August, the median sale price slipped almost 1%. …

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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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Apr 26

Seattle home values increase 10.1% from March 2012

Home appreciation slows After months of robust and seemingly unsustainable annual home value appreciation, the housing market is showing signs of moderation in the first quarter, according to data from Zillow. Nationally, the Zillow home value index increased 5.1% year-over-year to $157,600 as of the end of the first quarter. March marked the 16th consecutive month that U.S. …

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Mar 26

42% cheaper to buy in Seattle area than to rent

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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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Mar 22

Seattle Home Prices up 17% - #6 in the nation

As of the end of February, Seattle was the 6th highest city in the country recording growth in median home price increases. Seattle registered a 17% increase to $313,000 and a corresponding employment rate increase of +3.9%. Phoenix was #1 with a 34% median price increase. Home prices increased in 88% of U.S. metropolitan areas …

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