Bank Owned Sales Disappearing in King County?
To generate the chart below, I took all the sales data for single-family homes sold in King, Snohomish, and Pierce Counties from the beginning of 2010 through the end of October. Since my data download puts late-reported sales into the month that the sale actually took place rather than in the month they were reported, […]
Market Update: King County
Market Update for King County Market Update: Inventory *House featured is our recent listing of an Isola Homes house which sold in record time for top dollar! Here is the movement in Market Inventory from 2007- 2012. Low inventory levels means that homes are going under contract faster than ever. In September 2012, 27.1% of Single Family […]
Home prices rising fast, but gains could slow…
U.S. home prices are coming off the bottom faster than many expected. Market researcher CoreLogic says prices were up 4.6% in August from a year ago, the largest year-over-year gain in six years. The report parallels others showing recent strengthening in home prices, which are still down about 30% from their 2006 peak. Much of […]
Seattle voted #2 best US city! Let’s celebrate!
For the second time, Businessweek.com has ranked the 100 largest US cities, and Seattle came in #2. (Just behind San Francisco, ranked #1). Bloomberg Rankings helped Businessweek.com come up with the numbers, based on leisure attributes (the number of restaurants, bars, libraries, museums, professional sports teams, and park acres by population); educational attributes (public school performance, the […]
Home price bounce will help boost economy but it will take time
The ongoing rise in home prices, up for the sixth month in a row in July according to a widely followed index, is bringing some badly-needed support for an ailing U.S. economy. The road back to economic health, though, is going to be a long one. U.S. single-family home prices rose in July, though the improvement was […]
New Report Says Buying is Cheaper than Renting in Seattle
Buying a home is way cheaper than renting in all 100 of the nation’s largest metropolitan areas, including Seattle, according to a new report. The average home ownership cost in the Seattle area is $978 a month, 42 percent lower than average rent, the real estate company Trulia reported. Nationwide, owning is 45 percent cheaper than renting. […]
Seattle Foreclosures Rising Faster than Nation
Foreclosures rose dramatically faster in the Seattle area than in the country as a whole in August, according to a new report. King County foreclosure filings in August were up 32.2 percent from July and 34.2 percent from August 2011, the foreclosure data firm RealtyTrac reported. The nationwide total rose just 0.8 percent from July and fell […]
Mount Baker Craftsman Gutted and on Market for $949,000
This home was purchased by an investor in February. It is located in Mt. Baker, one of Seattle’s most desirable neighborhoods. It was completely gutted and hundreds of thousands went into the renovation of this home. It features all new appliances, marble bathrooms, built-ins and gorgeous moldings. For the look of the house, we went […]
How are King County Home Sales Doing this Quarter?
King County home sales and prices continued to rise in the second quarter, pushing down affordability, according to a new report. Sales of existing homes rose by a seasonally adjusted 3.2 percent from the first quarter and 17.2 percent from a year earlier, the Runstad Center for Real Estate Studies at the University of Washington […]
Rental Rates Up Up Up…in Seattle!
As the weather cools down and summer vacations and weekends away come to an end, we approach one of the best seasons for investing in real estate. Now more than ever, it’s the ideal time to start looking at cash flow properties. We find many of our investors looking primarily for properties to flip. While […]
