Here’s our report on what happened with Seattle condo market in April! The quick overview is that prices are down 3.2%, sales are up 2.0% and the number of condos for sale is up 3.4%. Compared to last year prices are up 13.3%, sales up 9.4% and the number of condos for sale is down… Read More

Here’s our report on what happened with Seattle condo market in March. Prices are up 8.2%, sales are up 47.0% and the number of condos for sale is down 7.0%. Compared to last year prices are up 22.4%, sales up 37.2% and the number of condos for sale is down 49.1% Median Sale Price Increased… Read More

The Seattle Times reported yesterday afternoon on the jump in home prices, King County house prices jumped almost 20 percent over year: The median price of single-family homes sold in King County leapt in March to $392,000 as buyers, many waving all-cash offers, bid up the region’s tight inventory. With 40 percent fewer houses for… Read More

PSBJ, Puget Sound renters still paying more. In Seattle, the vacancy rate is just under 3 percent. But add in the 2,300 recently completed units in projects that are still being leased, and vacancy climbs to 8 percent. One dark cloud for landlords is this: Mortgage payments for owners of midrange condos are 39 percent… Read More

Last month Redfin release Offer Insights giving all of us an inside look at what it takes to buy a place these days. The situation for downtown Seattle is looking grim for buyers, great for sellers. Click to enlarge:

Here’s our report on what happened with Seattle condo market in February. Prices are up 8.0%, sales are up 11.3% and the number of condos for sale is down 4.8%. Compared to last year prices are up 33.9%, sales up 21.9% and the number of condos for sale is down 50.7% Median Sale Price Increased… Read More

Last we checked in December there was 133 condos for sale. Checking today we’ve sold about 20 in two and a half months leaving about 110 new construction condos left on the market (a search of Redfin shows 51 new construction condos for sale). Note that we didn’t receive updates for a few projects so… Read More

Here’s our report on what happened with Seattle condo market in January. Prices are down 9.7%, sales are down 13.7% and the number of condos for sale is down 7.0%. The yearly summary is that prices are up 22.0%, sales up 25.8% and the number of condos for sale is down 51.0% Median Sale Price… Read More

Here’s our report on what happened with Seattle condo market in December. Prices are up 11.0%, sales are down 4.5% and the number of condos for sale is down 16.9%. The yearly summary is that prices are up 18.1%, sales up 3.0% and the number of condos for sale is down 50.8% Median Sale Price… Read More

As we prepare for 2013 we thought it’d be interesting to touch base on what new construction is left. Seems like about 133 units by our count. Still Selling Escala — 80% Sold 269 Total Units, 214 Closed (83 this year), 12 Pending, 43 Available Notes: Price increases planned for 2013? Yes, as the remaining… Read More

Here’s our report on what happened with Seattle condo market in November. For starters, we disagree with Ben over at Seattle Condos and Lofts who reported on the NWMLS numbers, Seattle Condo Update: Market Recovers – November 2012: November marked another solid month for Seattle’s condo market recovery with robust sales activity and rising sale… Read More

Here’s our report on what happened with Seattle condo market in October. The quick summary is that prices are up 2.5%, sales are up 18.6% and the number of condos for sale is down 13.9%. But most notably there is only a two months supply of inventory. Here’s the full details… Median Sale Price Increased… Read More

Here’s our report on what happened with Seattle condo market in July. The quick summary is that prices are down 5.8%, sales are down 22.4% and the number of condos for sale is down 8.8%. I’m not surprised that the number of condos for sale is down. It is summer after all. But I am… Read More

I’m so sorry that I missed putting out a May report! No excuses. So here’s June’s report on the Seattle condo market. The quick summary is that there is nothing for sale; inventory is at an all time low. Meanwhile buyers are definitely snapping up what is for sale; sales are almost as high as… Read More

It has been absolutely way too long since we last looked at the condo market in Seattle. I’ve just been too infatuated with pretty houses and too busy skiing. And the fact that every time I wrote a report I got more depressed about the value of the two condos I bought in 2007. But… Read More

We’re a little late on our November report, but let’s just be glad we did one :). Let’s dive into the condo numbers for the city of Seattle: the median condo price decreased 6.9% erasing last months gain of 6.0% to $235,000, sales were up 10.7% to 166 sales and inventory decreased 11.4% to 764… Read More

Wow, our first October condo market report since March! Guess I didn’t want to see how much my real estate has depreciated. Let’s dive into the condo numbers for the city of Seattle: the median condo price increased 6.0% to $243,250, sales were down 9.0% to 142 sales and inventory decreased 12.7% to 842 condos… Read More

Yesterday Redfin published their report on what happened with the Seattle real estate market in April, Multiple Offers in a Declining Market? Yep, It’s Possible.. Redfin’s report is single-family housing specific so let’s dive into the condo numbers for the city of Seattle: the median condo price increased 7.3% to $276,000, sales were up 3.3%… Read More

Today Redfin published their report on what happened with the Seattle real estate market in March, Still Searching for Spring in Seattle’s Housing Market. Here’s the condo numbers for the city of Seattle: the median condo price decreased 21.2% to $249,950 (don’t panic about this just yet), sales were up 13.7% to 149 sales (or… Read More

Since Redfin is going to release data on what happened with March real estate any day now I better get the report on February out… So, a month ago, Redfin released data on what happened with the Seattle Area market in February. Here’s the numbers for the city of Seattle: the median condo price increased… Read More