Comments on: Sunday Night Stats – Prices Down http://raincityguide.com/2008/06/22/sunday-night-stats-prices-down/ Seattle's Leading Resource for Real Estate Information Sun, 08 Nov 2009 01:47:42 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Alan http://raincityguide.com/2008/06/22/sunday-night-stats-prices-down/#comment-320332 Alan Wed, 25 Jun 2008 21:06:50 +0000 http://raincityguide.com/?p=1952#comment-320332 Kary, I misunderstood it in the same way. Kary, I misunderstood it in the same way.

]]> By: West Toronto realtor http://raincityguide.com/2008/06/22/sunday-night-stats-prices-down/#comment-320206 West Toronto realtor Tue, 24 Jun 2008 10:49:00 +0000 http://raincityguide.com/?p=1952#comment-320206 Interesting figures! As a realtor in the <a href="http://westtorontorealtor.com" rel="nofollow">West Toronto</a> area I can say that unfortunately the condo prices continue to rise here. What is really annoying regarding the market that is not balanced, the detached houses are staying mainly in the background. However we can predict from the fact that the popularity of the condos came so suudenly that it won`t last long. Interesting figures! As a realtor in the West Toronto area I can say that unfortunately the condo prices continue to rise here. What is really annoying regarding the market that is not balanced, the detached houses are staying mainly in the background. However we can predict from the fact that the popularity of the condos came so suudenly that it won`t last long.

]]> By: Kary L. Krismer http://raincityguide.com/2008/06/22/sunday-night-stats-prices-down/#comment-320195 Kary L. Krismer Tue, 24 Jun 2008 05:18:42 +0000 http://raincityguide.com/?p=1952#comment-320195 I added an extra "the" to the sentence you wrote when I read it, right after the first word, such that it read: "Using the MLS in the manner that you are is a fineable offense here on our side of WA." That's why I misunderstood what you were saying. I added an extra “the” to the sentence you wrote when I read it, right after the first word, such that it read: “Using the MLS in the manner that you are is a fineable offense here on our side of WA.” That’s why I misunderstood what you were saying.

]]> By: ARDELL http://raincityguide.com/2008/06/22/sunday-night-stats-prices-down/#comment-320181 ARDELL Tue, 24 Jun 2008 02:34:27 +0000 http://raincityguide.com/?p=1952#comment-320181 Kary, WOW! You took that out into left field. I'm talking about the term "MLS" (and clearly stated so) and the use of it on the linked to site. I'm assuming he or she is not in NWMLS territory. Mostly I don't like someone using a company name as a hyperlink. Feels too much like an advertisement, and as such it is an advertisement that is against our local MLS rules. Kary,

WOW! You took that out into left field. I’m talking about the term “MLS” (and clearly stated so) and the use of it on the linked to site. I’m assuming he or she is not in NWMLS territory. Mostly I don’t like someone using a company name as a hyperlink. Feels too much like an advertisement, and as such it is an advertisement that is against our local MLS rules.

]]> By: Kary L. Krismer http://raincityguide.com/2008/06/22/sunday-night-stats-prices-down/#comment-320180 Kary L. Krismer Tue, 24 Jun 2008 02:22:10 +0000 http://raincityguide.com/?p=1952#comment-320180 Ardell, I'm not sure what your talking about. WA MLS is using the term "short" in the more common manner--that used by stock traders. "Short sale" as used in real estate is the unusual use of the term. There are apparently ways to short the real estate market by investing in certain funds or indexes. But as far as I know, there's no way to do that with respect to condos. Ardell, I’m not sure what your talking about. WA MLS is using the term “short” in the more common manner–that used by stock traders. “Short sale” as used in real estate is the unusual use of the term.

There are apparently ways to short the real estate market by investing in certain funds or indexes. But as far as I know, there’s no way to do that with respect to condos.

]]> By: ARDELL http://raincityguide.com/2008/06/22/sunday-night-stats-prices-down/#comment-320177 ARDELL Tue, 24 Jun 2008 00:53:00 +0000 http://raincityguide.com/?p=1952#comment-320177 Dear WA MLS, Using MLS in the manner that you are is a fineable offense here on our side of WA. Not sure if I would be subject to a fine for permitting it in the comments. I'll give it some thought before acting. Dear WA MLS,

Using MLS in the manner that you are is a fineable offense here on our side of WA. Not sure if I would be subject to a fine for permitting it in the comments. I’ll give it some thought before acting.

]]> By: WA MLS http://raincityguide.com/2008/06/22/sunday-night-stats-prices-down/#comment-320164 WA MLS Mon, 23 Jun 2008 20:54:48 +0000 http://raincityguide.com/?p=1952#comment-320164 To bad you can't sell condos short and cover when the prices drop. If some ex-Microsoftie or Amazonian is looking for a business idea, there you have it. To bad you can’t sell condos short and cover when the prices drop. If some ex-Microsoftie or Amazonian is looking for a business idea, there you have it.

]]> By: ARDELL http://raincityguide.com/2008/06/22/sunday-night-stats-prices-down/#comment-320161 ARDELL Mon, 23 Jun 2008 19:49:18 +0000 http://raincityguide.com/?p=1952#comment-320161 I'm writing a follow up post with a couple of visuals. While neighborhoods are clearly different, I doubt that any neighborhood is still up at peak level pricing on an overall basis. The only thing that would cause that is if most sales in a small area in a small timeframe represent new vs. used. I’m writing a follow up post with a couple of visuals. While neighborhoods are clearly different, I doubt that any neighborhood is still up at peak level pricing on an overall basis. The only thing that would cause that is if most sales in a small area in a small timeframe represent new vs. used.

]]> By: David & Karen Bell http://raincityguide.com/2008/06/22/sunday-night-stats-prices-down/#comment-320159 David & Karen Bell Mon, 23 Jun 2008 19:10:20 +0000 http://raincityguide.com/?p=1952#comment-320159 Ardell, Great information. We look at the NWLS stats all the time and we run these numbers and the two most frustrating things about them is to get them to all line up properly on Blogs and that these numbers can be so skewed based on different areas in the city and the market conditions in various price ranges. For example if you simply look at Area 701 and 700 (Belltown and Queen Anne Condos) from 1/01/08 to 3/31/08 the average List Price per Sq Ft was $517 with the Sold Price of $503 and there were 198 Sold properties for the first quarter. Now, for "almost" the end of the second quarter from 4/01/08 to 6/23/08 there were 195 Sold properties with the average Sq. Ft. List Price of $508 and Sold Price of $496. So sales actually and surprisingly stayed level for the fist 6 month of this year in that area of town. Several times a year we get a new buyer from out of town and they have been doing all their research on Seattle Real Estate on line and they see all these sales stats on King County that say the average price per Sq Ft for a condo in Seattle is $219. Then they research the various city neighborhoods and deiced that they want to live on Queen Anne or in Belltown but then when they get here and start looking for a place they find that the average price per SQ Ft is is $496 not $219. I love looking at these numbers and seeing the trends but what they aren't telling us is that different areas of the city have very different real estate markets. And trying to post all the various neighborhoods would be a monumental task and chances are none of it would ever line up properly for me ;-) Ardell,
Great information. We look at the NWLS stats all the time and we run these numbers and the two most frustrating things about them is to get them to all line up properly on Blogs and that these numbers can be so skewed based on different areas in the city and the market conditions in various price ranges. For example if you simply look at Area 701 and 700 (Belltown and Queen Anne Condos) from 1/01/08 to 3/31/08 the average List Price per Sq Ft was $517 with the Sold Price of $503 and there were 198 Sold properties for the first quarter. Now, for “almost” the end of the second quarter from 4/01/08 to 6/23/08 there were 195 Sold properties with the average Sq. Ft. List Price of $508 and Sold Price of $496. So sales actually and surprisingly stayed level for the fist 6 month of this year in that area of town.

Several times a year we get a new buyer from out of town and they have been doing all their research on Seattle Real Estate on line and they see all these sales stats on King County that say the average price per Sq Ft for a condo in Seattle is $219. Then they research the various city neighborhoods and deiced that they want to live on Queen Anne or in Belltown but then when they get here and start looking for a place they find that the average price per SQ Ft is is $496 not $219.

I love looking at these numbers and seeing the trends but what they aren’t telling us is that different areas of the city have very different real estate markets. And trying to post all the various neighborhoods would be a monumental task and chances are none of it would ever line up properly for me ;-)

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