Economy Exerts “Downward Pressure” on King County Real Estate Prices

Economy Exerts “Downward Pressure” on King County Real Estate Prices

The health of the home real estate market correlates strongly with people’s ability to pay their mortgages, so it’s not surprising that three years of chronic unemployment have done little to improve local listings: “King County median home price falls by double digits again,” Eric Pryne tells you in the Seattle Times. As a case in free fall, here’s a top-floor unit in a 1924 brick co-op condo at 13th and Cherry going for $79,900…somewhat less than its original listing of $184,900. Continue reading Economy Exerts “Downward Pressure” on King County Real Estate Prices

Seattle Real Estate “Heat Index” Map Tracks Lukewarm Summer Temps

Seattle Real Estate “Heat Index” Map Tracks Lukewarm Summer Temps

Redfin has created a quick way to see where the hot real estate markets are, rather than poring over spreadsheets. If you are a true real estate wonk, you probably still want to check out their June data, since the map (below) differs in some respects from the detail you get from the numbers: As Redfin’s Tim Ellis explains, “The map breaks it down by zip code (and uses SFH or Condo or Townhome, whichever had the most sales in that zip code), but the table shows neighborhood breakdowns (and uses only SFH).” Continue reading Seattle Real Estate “Heat Index” Map Tracks Lukewarm Summer Temps