Comments on: King County Home sales – First Half 2007 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/ Seattle's Leading Resource for Real Estate Information Sun, 21 Mar 2010 02:14:14 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: ARDELL http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159598 ARDELL Fri, 13 Jul 2007 06:55:47 +0000 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159598 When standing in front of the house, the tower shows over the roof in the background. This one looked like it was in the back yard. Of course there were several others in the distance. These were huge. I was way down south, where I rarely go. Kent I think. So I don't think it was the same house you saw, Sandy. When standing in front of the house, the tower shows over the roof in the background. This one looked like it was in the back yard. Of course there were several others in the distance. These were huge.

I was way down south, where I rarely go. Kent I think. So I don’t think it was the same house you saw, Sandy.

]]> By: sandy http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159509 sandy Fri, 13 Jul 2007 00:50:12 +0000 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159509 LOL :) Some times I feel we think/see the same houses :) when you say towers were behind, how far behind? 500 feet? LOL :) Some times I feel we think/see the same houses :) when you say towers were behind, how far behind? 500 feet?

]]> By: ARDELL http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159488 ARDELL Thu, 12 Jul 2007 23:50:58 +0000 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159488 Sandy, Coincidentally, we happened on a house with electric towers behind today. The clients did not go in and I had to cancel the appointment. I was amazed at how the agent managed to get a photo without showing the tower. Some owners want people to know there's a tower, some don't. Very hard sell. I've never had a listing with a tower in the view, nor have I have sold one with a tower in the view. But I've been in front of several and the client reacted the same as they did today. Wouldn't even go in the house. Sandy,

Coincidentally, we happened on a house with electric towers behind today. The clients did not go in and I had to cancel the appointment. I was amazed at how the agent managed to get a photo without showing the tower.

Some owners want people to know there’s a tower, some don’t. Very hard sell. I’ve never had a listing with a tower in the view, nor have I have sold one with a tower in the view. But I’ve been in front of several and the client reacted the same as they did today. Wouldn’t even go in the house.

]]> By: DB http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159148 DB Thu, 12 Jul 2007 02:13:36 +0000 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159148 Ardell... read my mind... there was something you said in your second sentence that I do not need to see right now. Ardell… read my mind… there was something you said in your second sentence that I do not need to see right now.

]]> By: ARDELL http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159117 ARDELL Thu, 12 Jul 2007 00:12:23 +0000 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159117 Visual is the biggest factor. In a buyer's market you want to slash your wrists when you try to sell it. In a hot market you can sell most anything. When I started in the business in Jersey in 1990 it was a strong buyer's market. Only 3 of any 10 houses sold, and no one wanted to go in the one with views of the electric tower. Since 10 people were competing for the same 3 buyers...not much chance of selling. The person who ended up buying them did so when the price was so low, that it was the lowest price in the best schools. So people who couldn't afford to buy any higher, got into the school district that way. So better have some reason for people to want to be there as to area, like best schools or proximity to a really big work place :) If and when a buyer's market ever hits town. Visual is the biggest factor. In a buyer’s market you want to slash your wrists when you try to sell it. In a hot market you can sell most anything. When I started in the business in Jersey in 1990 it was a strong buyer’s market. Only 3 of any 10 houses sold, and no one wanted to go in the one with views of the electric tower. Since 10 people were competing for the same 3 buyers…not much chance of selling.

The person who ended up buying them did so when the price was so low, that it was the lowest price in the best schools. So people who couldn’t afford to buy any higher, got into the school district that way. So better have some reason for people to want to be there as to area, like best schools or proximity to a really big work place :) If and when a buyer’s market ever hits town.

]]> By: sandy http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159036 sandy Wed, 11 Jul 2007 18:34:02 +0000 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-159036 Ardell: Question for you, not sure if this is the right place to post/ask the question: If a home is close to a power line and those towers, how much does it de-value the house? Can you quantify "close"? Or is it just visual view of the towers? Ardell: Question for you, not sure if this is the right place to post/ask the question:
If a home is close to a power line and those towers, how much does it de-value the house? Can you quantify “close”? Or is it just visual view of the towers?

]]> By: ARDELL http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-157179 ARDELL Fri, 06 Jul 2007 21:46:42 +0000 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-157179 It will be nice to have a complete circle of monthly sales in this visual, as well as year end inventory going into 2008. I was amazed at the "at a glance" totallity of the visual. I use a very elementary system to create the pie chart. In fact it's on a kid's site called "Create a Graph". :) Nothing fancy...just the facts. Works for me. It will be nice to have a complete circle of monthly sales in this visual, as well as year end inventory going into 2008. I was amazed at the “at a glance” totallity of the visual. I use a very elementary system to create the pie chart. In fact it’s on a kid’s site called “Create a Graph”. :) Nothing fancy…just the facts. Works for me.

]]> By: David Young, #510-LO-34429 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-157173 David Young, #510-LO-34429 Fri, 06 Jul 2007 21:36:44 +0000 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-157173 Thank you, good stats. I like the pie chart, it helps to visualize things. Kindly. Thank you, good stats. I like the pie chart, it helps to visualize things.

Kindly.

]]> By: ARDELL http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-157169 ARDELL Fri, 06 Jul 2007 21:25:55 +0000 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-157169 I'm seeing a much higher appreciation level than 5%, but I'll agree with you on the balanced market. Still, a good product will sell quickly with multiple bids while others no one seems to want. The atmosphere is more like a continual January, meaning everyone wants the best new one out the gate more than "inventory" properties. Except with more inventory coming on than January, there are more sales. Until we start seeing inventory being a 90 to 120 day absorption factor, I don't see much change for the majority of people. High end is where you see up to a year's worth of inventory. But many of those just come off market entirely. Just passed two on my way home were the signs just came down, while one around the corner sold at $400,000 more than those. People want a little more for their money these days than many sellers provide. Not a good time to stick it up there with no prep work. I’m seeing a much higher appreciation level than 5%, but I’ll agree with you on the balanced market. Still, a good product will sell quickly with multiple bids while others no one seems to want. The atmosphere is more like a continual January, meaning everyone wants the best new one out the gate more than “inventory” properties. Except with more inventory coming on than January, there are more sales.

Until we start seeing inventory being a 90 to 120 day absorption factor, I don’t see much change for the majority of people. High end is where you see up to a year’s worth of inventory. But many of those just come off market entirely. Just passed two on my way home were the signs just came down, while one around the corner sold at $400,000 more than those.

People want a little more for their money these days than many sellers provide. Not a good time to stick it up there with no prep work.

]]> By: sandy http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-157163 sandy Fri, 06 Jul 2007 21:00:42 +0000 http://raincityguide.com/2007/07/06/king-county-homes-sales-first-half-2007/#comment-157163 Thanks a lot Ardell. Seems like we are returning to a normal market here of 5% appreciation, and good balance of inventory and buyers. Thanks a lot Ardell. Seems like we are returning to a normal market here of 5% appreciation, and good balance of inventory and buyers.

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