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 [...]
Seattle Office Space Still Declining
April 26, 2010 by Erin Schedler · Leave a Comment
The commercial market usually lags behind the residential market. See the Seattle Times Article below for interesting news on Seattle office space:
Seattle’s office towers stop getting emptier
By Eric Pryne
Seattle Times business reporter
The worst may be over for downtown Seattle’s office landlords, recent reports from several commercial real-estate brokerages suggest.
After steep, recession-fueled increases each quarter last [...]
Ballard Real Estate Statistics – March YTD
April 9, 2010 by Erin Schedler · Leave a Comment
Thank you Trendgraphix! Here is the year-to-date real estate information on the Ballard neighborhood. Pink columns represent average days on market and the blue trend line is sold price as a percentage of list price.
Considering the lowest percentage is 97% I’d say the neighborhood is doing well!
It does surprise me that the longest days on [...]
Tips for Buying in a Tight Market
April 5, 2010 by Erin Schedler · Leave a Comment
What tight market, you say? The misconception these days is that Seattle’s real estate market as a whole is still sluggish. Not true! If you’re looking for a home under $550k in central neighborhoods like Queen Anne, Greenlake or Ballard – get ready to move fast. Most homes are spending on average 5-18 days on [...]
Seattle Real Estate Videos
March 23, 2010 by Erin Schedler · Leave a Comment
Coldwell Banker has its own YouTube channel with great real estate videos. Check out market updates, staging tips, moving checklists and even how to find the right contractor.
Will Prices Go Down Further?
March 8, 2010 by Erin Schedler · Leave a Comment
The million dollar question! My take is that the Seattle area is not just one market. There’s the condo market, the first-time buyer/move-up market (generally under $700k) and the high-end market. The condo and high end markets are definitely still in favor of the buyer. I encourage my buyers’ in [...]
Madison Park Stats | March 2010 YTD
March 7, 2010 by Erin Schedler · Leave a Comment
Thank you Trendgraphix! Below are some interesting charts and graphs for Madison Park, year-to-date.
