In 2004 over 17,000 Residential Properties sold for $400,000 or less In Seattle. Now…less than 1,300. In King County the number dropped from over 30,000 to a little over 8,000. In 2004 only 333 houses sold for more than $900,000 in Seattle. Now…over 2,600. In King County the number increased from 1,050ish to almost 7,400. It’s not merely about median price increases. It’s about the displacement of people who are making the median income or less being replaced with a whole different income class. Here’s a visual. I was running stats for a different reason. Given the recent change/slump that ha ..read more

Before the graphs, time to mention that there were 572 homes sold in Kirkland 98033 last year, 625 homes sold in Kirkland 98034, 620 homes sold in Redmond 98052 compared to 352 sold in 98053. The 2 active listings at $2.5M+ are extremely large land parcels with a home on each. More Zip Codes to follow in subsequent posts. Some will be Eastside and some will be Seattle, but only in places where I work, so mostly North of Downtown in Seattle plus Shoreline, Kirkland-Bellevue-Redmond, Issaquah-Sammamish and bit of Bothell on The Eastside. ARDELL DellaLoggia, Sound Realty – 206-910-1000 cell ..read more

First the graphs… 2018 Home Prices in Kirkland 98033 2018 Home Prices in Kirkland 98034 The post Home Prices in Redmond 98052 appeared first on Rain City Guide. Related posts: Seattle Eastside Housing – Buy or Wait? Should you buy a New home or an Old one? Do you want a “full service” real estate agent ..read more

First the graphs… Again, similar to my 98033 post earlier today, there is nothing for sale and not unusual for this time of year. The height of the For Sale and Pending graphs is the average # of homes sold in one month based on 2017 sales IF every month were the same. In 2018 in 98034 it will still be the same “what’s new this week” with everything coming on being sold in a week or less unless it is overpriced. The main reason for me to post these by zip code snapshots this time of year is for people who need to know where they can afford to live. In that regard, Kirkland 98034 is much mo ..read more

First the graphs… Of course there is nothing for sale, but not unusual for this time of year. The height of the For Sale and Pending graphs is the average # of homes sold in one month based on 2017 sales IF every month were the same. In 2018 in 98033 it will still be the same “what’s new this week” with everything coming on being sold in a week or less unless it is overpriced. The main reason for me to post these by zip code snapshots this time of year is for people who need to know where they can afford to live. For instance if you want to buy a house vs a condo and you want to spend less ..read more

I have jumped ahead from near the end to post this at the top. Notice that the movement in 98033 pushes the prices in 98034 with a one year lag. The huge movement in the 2014-2015 period in 98033 caused the same movement in 98034 in 2015-2016. We saw this before in the last bubble, especially in the condo market. When Downtown became too expensive the Juanita Beach area started pushing up to a greater degree. But I’m jumping ahead…back to the beginning. Here is a map and description of all of the neighborhoods of Kirkland from the Kirkland City site. I find “by Elementary School” in Lake Wash ..read more

This is Craig’s blog series (see Part 1 and Part 2) exploring why and how most realtors don’t talk openly and frankly about the fees they charge. The third and final installment: Startup Real Estate Firm Faira Promises More than it Delivers Seattle is Ground Zero for innovation in the real estate industry. WaLaw Realty, Redfin, and of course Added Equity all offer consumers an improvement on the traditional experience (whether cost, or service, or both). And many other alternative models have come and gone over the last decade or two (such as Quill Realty and Rebls). T ..read more

That blog post title isn’t a typo – I’m giving away free forms, plus selling a purchase and sale agreement for a reasonable cost. It is a good deal, and a great cost-conscious alternative for savvy and sophisticated parties. Why am I giving away some forms, and selling others? When my real estate firm left the NWMLS, I had to find an alternative to the forms that it provides to its broker members. So I got to work! I created a complete set of real estate forms for use in residential real estate sales. My real estate firm has since folded its tent, and I no longer keep the full set of forms. Bu ..read more