Comments on: Sunday Night Stats http://raincityguide.com/2008/06/02/sunday-night-stats-5/ Seattle's Leading Resource for Real Estate Information Sat, 21 Nov 2009 06:01:18 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: rob-u-blind? http://raincityguide.com/2008/06/02/sunday-night-stats-5/#comment-318958 rob-u-blind? Tue, 03 Jun 2008 03:15:54 +0000 http://raincityguide.com/?p=1913#comment-318958 It may be helpful if you compared numbers over the last 10 years, at least as far back as the dot com boom. As far as I can tell, properties in pretty much every area near Seattle are selling in greater numbers and at FAR higher prices than they were when the local economy was going dot-com crazy. Any slowdown needs to be taken in proper perspective. 1999 was an an incredibly hot year for local home sales - and still, volumes and prices are blowing way past what we saw back when Seattle was the new hotness. Anyone that sees the current market as "slow" has a very short memory. It may be helpful if you compared numbers over the last 10 years, at least as far back as the dot com boom. As far as I can tell, properties in pretty much every area near Seattle are selling in greater numbers and at FAR higher prices than they were when the local economy was going dot-com crazy.

Any slowdown needs to be taken in proper perspective. 1999 was an an incredibly hot year for local home sales – and still, volumes and prices are blowing way past what we saw back when Seattle was the new hotness.

Anyone that sees the current market as “slow” has a very short memory.

]]> By: Kary L. Krismer http://raincityguide.com/2008/06/02/sunday-night-stats-5/#comment-318923 Kary L. Krismer Mon, 02 Jun 2008 19:05:24 +0000 http://raincityguide.com/?p=1913#comment-318923 I'm not saying it was a bad idea to look at the additional data. More data is always good (although then you have to figure out what it means!) I was just saying that the distressed properties might not more off the NWMLS. I’m not saying it was a bad idea to look at the additional data. More data is always good (although then you have to figure out what it means!)

I was just saying that the distressed properties might not more off the NWMLS.

]]> By: ARDELL http://raincityguide.com/2008/06/02/sunday-night-stats-5/#comment-318912 ARDELL Mon, 02 Jun 2008 16:21:07 +0000 http://raincityguide.com/?p=1913#comment-318912 Since % of volume down, and differences in volume down in different areas, plays an important role in projections, comparing to the tax record is still a good idea. While the MLS is cutting down on duplications caused by listing in two areas at once, a check against tax records will give more accurate data I would think, and is warranted. Won't help us be more accurate as to inventory, but will help with sold property YOY. We will at least ascertain the margin of difference using mls vs. tax records. Since % of volume down, and differences in volume down in different areas, plays an important role in projections, comparing to the tax record is still a good idea. While the MLS is cutting down on duplications caused by listing in two areas at once, a check against tax records will give more accurate data I would think, and is warranted.

Won’t help us be more accurate as to inventory, but will help with sold property YOY. We will at least ascertain the margin of difference using mls vs. tax records.

]]> By: Kary L. Krismer http://raincityguide.com/2008/06/02/sunday-night-stats-5/#comment-318907 Kary L. Krismer Mon, 02 Jun 2008 13:15:35 +0000 http://raincityguide.com/?p=1913#comment-318907 Ardell, I don't think you'll see distressed properties move outside the MLS as much as move to limited service brokers. I don't think just having a seller come pay you $XXX.xx to list a property on the MLS is not going to get you in trouble under the distressed property law. But regardless of whether they go limited service or FSBO, once it gets to a point a buyer will be taking a risk buying the property, so they might sell better FSBO where an agent is less likely to warn the buyer of the risks they face. Ardell, I don’t think you’ll see distressed properties move outside the MLS as much as move to limited service brokers. I don’t think just having a seller come pay you $XXX.xx to list a property on the MLS is not going to get you in trouble under the distressed property law. But regardless of whether they go limited service or FSBO, once it gets to a point a buyer will be taking a risk buying the property, so they might sell better FSBO where an agent is less likely to warn the buyer of the risks they face.

]]>