NWMLS Home Sales Brokers Report 2007 - 01/29/08 07:47 PM
The Northwest MLS (NWMLS) recently published its Brokers Report for home sales in 2007. The NWMLS serves 19 counties, mostly in western Washington, plus Grant, Kittitas and Okanogan counties. In 2007, members within the NWMLS territory posted $32.3 billion in sales of single family homes and condominiums with median prices increasing in … (1 comments)
NWMLS 2007 Condo Highlights - 01/29/08 07:32 PM
The NWMLS just released its Brokers Report on 2007 home sales. Here are some highlights pertaining to area condos: The NWMLS reported $32.3 billion in total home sales in its 19 county territory. Just about one-half of that dollar volume, $16.5 billion, was realized in King County. And, of the $16.5 … (0 comments)
An Unnecessary Evil - Politicians Take Up Conversion Issue - 01/18/08 08:24 PM
This morning the State House convened to review the condo conversion bill (HB 2014) which passed its third reading by a vote of 94 to 1. The House version of the bill: Extends the notification period from 90 days to 120 days.Authorizes a city or county government to require developers to … (1 comments)
Northeast Seattle Condo Appreciation 2007 - 01/17/08 02:24 AM
Condos in Seattle's Northeast neighborhoods realized a respectable 7.4% increase in appreciation, closely matching the citywide rate of 7.2%. The Northeast area (MLS Area 710) includes the U-district, Lake City, Northgate, Sand Point and the Pinehurst neighborhoods. While the demographics vary widely in this area, collectively, it's the most affordable area … (0 comments)
Northwest Seattle Condo Appreciation 2007 - 01/17/08 02:18 AM
Seattle's real estate market is made up of many mico-markets with different characteristics and performance results. The best performing area for condos in 2007 was in Seattle's Northwest neighborhoods of Ballard, Greenwood, Green Lake, Fremont, Wallingford and Bitter Lake (MLS Area 705). The Northwest area realized a fantastic 16.7% appreciation rate … (0 comments)
West Seattle Condo Appreciation 2007 - 01/17/08 02:06 AM
Perhaps the most disappointing condo appreciation result was in West Seattle which managed to eek out a 1% increase in annual median price for 2007. West Seattle had a tough year with two developments converting to apartments. As for 2008, it's a toss up as to what will happen. On one … (0 comments)
Downtown Seattle Condo Appreciation 2007 - 01/17/08 01:58 AM
One neighborhood that underperformed in 2007 was the Downtown Seattle/Belltown area (MLS area 701) which posted a modest 6.0% increase in appreciation. Actually, 6% is pretty good, however, many expected the downtown area to reach 9% or 10%. In reality, if it wasn't for year end closings at a couple of … (0 comments)
Queen Anne Condo Appreciation 2007 - 01/17/08 01:52 AM
Seattle's distinctive and historic Queen Anne neighborhood realized an extremely healthy 14.2% increase in condo value in 2007 (based on median price). Queen Anne and downtown were the only two neighborhoods where the median price exceeded the city's condo median price of $315,000. Overall, Seattle condos appreciated 7.2% in 2007. Source: NWMLS. … (0 comments)
Capitol Hill Condo Appreciation 2007 - 01/17/08 01:46 AM
Seattle's Capitol Hill (MLS Area 390) condo market performed respectably in 2007. Though, the slowing market and increase in lower-end condo conversion sales impacted values. As a result, Capitol Hill's annual median price appreciation for 2007 increased only 3.1%, well below the citywide 7.2% appreciation rate. Source: NWMLS. Appreciated rate based on … (0 comments)
Enhanced Driver's License Coming Up - 01/15/08 01:57 AM
Washington residents will be able to obtain the new Enhanced Drivers License starting January 22nd. The Enhanced Drivers License will allow residents to re-entry the U.S. at land and sea borders between the U.S., Canada, Mexico, Bermuda and the Caribbean, without needing a U.S. Passport. The fee for the enhanced drivers license … (0 comments)
They Call Me Mr. Repartment - 01/15/08 01:54 AM
The new buzz word around these parts is "repartment"...the reverting of condo conversions back to apartments. The once lava-sizzling hot Seattle condo market has gotten hit with a crisp winter's blast. The cranes are still up for the eight new condominium projects in the downtown area, as well as another ten … (19 comments)
Smith Tower Conversion Scaled Back - 01/15/08 01:00 AM
The owner of Seattle's history Smith Tower, Walton Street Capital, has scaled back its condo conversion plans. Initially, Walton Street planned to convert the entire building, once the tallest on the West Coast, to condominiums which would have resulted in approximately 150 units. However, no doubt swayed by the softening of … (1 comments)
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The Northwest MLS (NWMLS) recently published its Brokers Report for home sales in 2007. The NWMLS serves 19 counties, mostly in western Washington, plus Grant, Kittitas and Okanogan counties.
