King County Stats – End of August 2010
September 7, 2010 by Erin Schedler · Leave a Comment
Single Family Residence
Time Period
Number of Sales
Median Sale Price
Jul 2010
1,313
$397,000
Jul 2009
1,711
$380,000
Jun 2010
1,876
$389,975
Jun 2009
1,805
$393,000
2010 YTD
11,136
$380,000
2009
16,646
$378,000
Condominium
Time Period
Number of Sales
Median Sale Price
Jul 2010
277
$275,000
Jul 2009
521
$275,000
Jun 2010
472
$249,000
Jun 2009
498
$261,400
2010 YTD
2,907
$259,000
2009
4,804
$265,000
Washington State – Real Estate Market Snapshot
September 2, 2010 by Erin Schedler · Leave a Comment
I am a passionate Husky fan (Go Dawgs!), but this report by WSU is pretty interesting.
It goes over real estate statistics for Q2 of 2010, how it compares to Q1 as well as this time last year.
One of the interesting things to note is that only one county dropped in recorded sales in the last year. Similarly, [...]
How does an FHA loan work?
August 11, 2010 by Erin Schedler · Leave a Comment
Since 1934, FHA loans have been helping people achieve the American dream of home-ownership. This type of loan offers better deals for people who may otherwise have trouble getting a desirable mortgage.
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration. It has several key components.
Low down payment. FHA [...]
Fed To Meet Tomorrow, Wednesday August 10th
August 9, 2010 by Erin Schedler · Leave a Comment
See article below. I doubt interest rates will be affected, but the big question is if they plan on increased purchasing of mortgage-backed securities (MBS):
Confronted with a U.S. economy that appears to be decelerating, the Federal Reserve may ratchet up cautionary language but many expect the central bank will refrain from buying more bonds to [...]
Case-Shiller Update – Seattle Real Estate July 2010
July 27, 2010 by Erin Schedler · Leave a Comment
The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. The indices are calculated monthly and published with a two month lag. I think it’s one of the better measurements of the [...]
Best & Worst Cities for Recession Recovery
June 29, 2010 by Erin Schedler · 1 Comment
Who Lands Where?
Forbes.com has speculated ten cities poised for recovery and names the ten cities that will struggle the longest. What is interesting to note is the clusters of recoverable areas and the clusters of areas that may continue to struggle. Texas makes up 40% of the Top 10 while California makes up 50% of [...]
Let’s talk Seattle condos
June 24, 2010 by Erin Schedler · Leave a Comment
Residential homes have been one thing, but condos have been another. In 2005/2006 Paul Allen and few other major developers got to work and there was a HUGE influx of new condo buildings in downtown Seattle, Belltown and South Lake Union. When the market crashed, we were left with a lot of inventory – especially [...]
Supply and Demand (and Seattle Real Estate)
June 23, 2010 by Erin Schedler · Leave a Comment
Every Monday I get a “sneak peek” tour of new listings in my office. This week I went to properties in West Seattle, Pinehurst and Wallingford that were about to come on the market. One home was listed for $539,000 on Wallingford avenue (near Julia’s —- yum!). My first reaction to the home was “cute but [...]
Madison Park and Broadmoor Update
June 21, 2010 by Erin Schedler · Leave a Comment
The Madison Park and Broadmoor areas are moving slow these days!
ACTIVE LISTINGS
There are currently 25 active listings between $1,800,000 and $2,995,000 and there haven’t been any new pending or sold listings in the last 30 days.
The average time on market is 215 days, which is significant considering homes under $1,000,000 in most Seattle neighborhoods are [...]
Seattle Condo Market Status – June 2010
June 14, 2010 by Erin Schedler · Leave a Comment
Above is a chart showing the condos for sale in Seattle in the last year. You’ll see that inventory has increased 11% since May of last year. The “peaks” in pending sales were around the time of the stimulus tax credit deadlines, which probably accounts for the downward trends following these dates as well.
Overall the condo [...]
