NCW Real Estate Blog

From the NWMLS May sales numbers show the median home price down by 2.89% in King, 6.74% in Snohomish County and 7.57% in Pierce county as compared to May 2007.  In May, there were 2081 closed sales versus 3514 in May of 2007 which I calculate to be a 40.7% decrease in volume of sales.  Total sales in the NWMLS showed a 6.19% decrease in Median Price and a volume reduced to 5,158 from 8,590 closings in May of 2007.

Okanagon county is showing a 20.47% increase in median price but sales volume dropped from 35 closings in May 2007 to 17 in May of this year. 

What is the good news in all of that?  There are [Read more →]

Tags: General Interest, Marketing, Northwest by Al Lorenz
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Russ Miller alerted us to this article in the Columbian.  In Clark County, most home owners will see a decrease in their home values of between 2 and 3 percent.  It is the first decrease since the early 80s.

In Clark County, the market is showing further declines this year with values on the Mulitple Listing service showing even larger declines so far this year.

We have seen a slowing market in the Chelan area as well.  Average, even median values, don’t necessarily reflect the market value of the same home this year versus that same home’s value the last few years.  I will be anxious to hear at the forum on Monday whether the Chelan County Assessor is seeing any retreat in values as the market softens.

The article states:

Most Clark County homeowners will see a decline in their assessed property values when 2007 statements from the Assessor’s office are mailed out next week. It is the first drop in overall assessed values [Read more →]

Tags: General Interest, Northwest by Al Lorenz
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With permission from the NWMLS comes the following:

KIRKLAND, Wash. (May 5, 2008) – Pending sales during April reached their highest level in eight months, according to the latest figures from Northwest Multiple Listing Service, which covers 19 counties in western and central Washington.

Brokers reported 6,208 pending sales (offers made and accepted, but not yet closed) last month. That was the highest number of transactions during one month since August, when MLS members notched 7,751 pending sales of single family homes and condominiums. Compared to the same month a year ago, pending sales were down about 32 percent.

Other indicators tracked by the multiple listing service were mixed.  Prices for sales that closed during April were [Read more →]

Tags: General Interest, Marketing, Northwest by Al Lorenz
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To find out, I looked at the Northwest MLS statistics for 2007. Members of the NWMLS sold more than $33.3 billion in sales of single family homes and condos in 2007. Also, 18 of 19 counties experienced an [Read more →]

Tags: General Interest, Northwest by Al Lorenz
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