Comments on: Sunday Night Stats on Monday Morning

By: ARDELL

ARDELL — Wed, 22 Oct 2008 01:33:41 +0000

Thanks tj. I appreciate the encouragement.

By: tj

tj — Wed, 22 Oct 2008 00:39:38 +0000

Ardell, to me you continue to be the only real estate agent worth reading and you are getting better. Thanks for the stats.

By: ARDELL

ARDELL — Tue, 21 Oct 2008 05:43:30 +0000

On the first set of numbers I used single family homes only when I came up with 35% down in 2008. On the second set of numbers I went straight to the tax records, so single family and condo sales are mixed there. The condo sales had less down than the single family home purchases, accounting for the reduction from 35% in 2008 to 30% 2002 as the average downpayment.

By: ARDELL

ARDELL — Tue, 21 Oct 2008 05:40:29 +0000

Anon,

In a comment on a different post I came up with late 2003 as the beginning of high numbers of 100% financing. So I’ll check the same area, period and number of homes in 2002 as to average downpayment.

Doing that now.

I checked about the same number of houses, the prices were much lower of course in 2002. $7,360,000 was financed at $4,972,000 so about 30% down average. Close enough to current levels, I’d say.

By: Anon

Anon — Tue, 21 Oct 2008 04:02:50 +0000

Wow, an average of 35% down? Was it even that high pre-bubble?

By: Rhonda Porter

Rhonda Porter — Mon, 20 Oct 2008 20:49:23 +0000

The DOW actually closed up 413 today.

By: ARDELL

ARDELL — Mon, 20 Oct 2008 18:43:19 +0000

Note: If you look at past “Sunday Night Stat” posts you will see that King County peak was $230. September 08 was down 13% from September 07 and down 16% from peak pricing.