washington real estate: nwRealty Web Trends for Spring 2008 - 05/27/08 08:56 AM
Spring 2008 update of traffic trends for Washington real estate web sites as observed by third party monitors at compete.com.  So far this season most sites received about the same number of visits as this time last year.  We are VERY pleased that our growth continued to improve in April when others experienced a significant drop.
Washington Only Real Estate Sites:This data does a good jog of demonstrating the seasonal "post holiday" spike that occurs every January ... followed by a short slump in February before the spring season gets going in late March.
My Crystal Ball:Compete.com provides about 4 weeks of relative growth data for the month … (0 comments)

washington real estate: WA Web Site Trends Spring 08 - 05/27/08 08:06 AM
My last web trend report was posted in January so this post reflects the end of our winter season and the beginning of the spring buying season.  The websites below are for companies based in Washington that also cross the border into other states (mostly in the western states).  You'll recognize the names and know that they have very substantial Internet marketing budgets.
Multi-State Sites:Even with the mortgage meltdown and decline in sales most sites finished the month of April very near their traffic levels a year ago.  
My Crystal Ball:Since the month of May is nearly over there are several weeks of data available … (0 comments)

washington real estate: nwRealty Network Performance 12/18/07 thru 1/17/08 - 01/16/08 10:36 AM
Although the frequency of buyer leads remained the same as during the Thanksgiving - Chrismas holiday period, total exposure reflected the traditional New Year spike.  This seasonal surge of activity usually lasts well into February.
Listing agents and brokers continue to benefit the most from our marketing system.  Since December 18th 2007 we've delivered the following results to our Network Members ...
Lead Generation:On average each member real estate agent/brokerage received 3 leads (same as last month) with brokers and agents in South King County and Pierce County receiving an above average number. Web Site Visitor Referrals:  On average we referred 11 visitors (up from 9 last month) to each member's real estate … (2 comments)

washington real estate: Washington top performing real estate markets Dec 07 - Jan 08 - 01/12/08 05:48 AM
This report represents our mid-January update compared with numbers from our mid-December update of our highest demand real estate markets in Washington State.  These are the markets where we feature the most listings and rankings are impacted by where the most buyers are currently looking for on-line real estate information.
Top Ten Washington Counties ...Buyer attention continues to returned to the Seattle Metro, of Pierce, Snohomish and King County urban areas. 
We'll update this again in February.  When winter gets you down just remember that Catchers and Pitchers (baseball) report just after Valentine's Day.
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washington real estate: WA Web Site Trends Dec 07 - 01/11/08 10:06 AM
This report compares websites for companies based in Washington that also cross the border into other states (mostly in the western states).
Multi-State Sites:Most sites reflect the traditional holiday drop off that occurs seasonally every year.  redfin.com was able to pick up a gain in traffic while most other sites decreased by 13% - 26% compared with November counts.
 
Thanks for stopping by!  We'll have January reports in a few weeks.
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washington real estate: nwRealty Web Trend for Dec 2007 - 01/11/08 09:52 AM
Update of traffic trends for Washington real estate web sites as observed by third party monitors at compete.com.  For the month of December, most sites display a drop of between 13% and 26%.
Washington Only Real Estate Sites:The decline of traffic for the larger sites reflects the traditional holiday slump.  It is a pleasant surprise to see the smaller sites experienced an increase of traffic traffic.
 
Reports for January should be available in a couple weeks.  Thanks for stopping by!
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washington real estate: nwRealty Network Performance 11/16 - 12/17 2007 - 12/17/07 07:13 AM
Leads and exposure dropped slightly due to the post-Thanksgiving and Christmas shopping diversions.  We anticipate the seasonal spike to begin on 12/26 and last into early February.
Agents and brokers with listings continue to benefit the greatest from our system.  Between November 15th and December 16th 2007, we've delivered the following benefits to our Network Members ...
Lead Generation:On average each member real estate agent/brokerage received 3 leads with brokers and agents in Tacoma and Pierce County receiving an above average number. Web Site Visitor Referrals:  On average we referred 9 visitors to each member's real estate website.  Visitor "click-thrus" remained consistent across all market areas but our network members in the … (0 comments)

washington real estate: Washington top performing real estate markets - 12/17/07 06:36 AM
This report represents our early December update compared with numbers from our late November update of our highest demand real estate markets in Washington State.  These are the markets where we feature the most listings and also where the most buyers are currently looking for on-line real estate information.
Top Ten Washington Counties ...Buyer attention continues to returned to the Seattle Metro, of Pierce, Snohomish and King County urban areas. 
We'll update this again in late-December.  Merry Christmas everyone!
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washington real estate: WA Web Site Trends Nov 07 - 12/17/07 05:35 AM
This report compares websites for companies based in Washington that also cross the border into other states (mostly in the western states).
Multi-State Sites:Most sites reflect the seasonal drop that occurs every year during the holidays.  johnlscott.com managed to hold rather steady while briorealty.com actually increased their rate of visitors.
 
Thanks for stopping by!
(0 comments)

washington real estate: nwRealty Web Trend for Nov 2007 - 12/17/07 05:26 AM
Here's our update of traffic trends for Washington real estate web sites as observed by third party monitors.  Contrary to this report, our server logs actually recorded about a 3% increase of visitors and page views.  But I'm still convinced that compete.com provides the most accurate reports.
Washington Only Real Estate Sites:The decline of monitored sites demonstrated on the graph below reflects the anticipated seasonal drop.
 
Reports for December should be available in a couple weeks.  Thanks for stopping by!
(0 comments)

washington real estate: Real Estate related bankruptcies - 12/03/07 04:48 AM
Over the weekend the news media reported better than a 10% increase of bankruptcy filings this year in Oregon and Washington State, attributing them to builders, contractors and developers suffering from mortgage market woes.  But I must disagree.  The last 18 months have been increasingly tough for real estate sales and I think the current mortgage conditions were just the final straw. 
I've observed standing inventory in many new developments just sit there for at least a year while the builder continues to build.  Without sales, the builders are just living off the draws of their construction loans and it was only a … (3 comments)

washington real estate: Washington Real Estate Commission Meeting - 11/30/07 03:09 AM
The agenda for Washington State's Real Estate Commission meeting arrived earlier this week.  I've been interested in these meetings for some time and plan to attend. 
The meeting is 0:00 AM next Monday, December 3rd at the Double Tree Hotel in Seatac. 
I am particularly interested in the Education Sub-Committee's Report and meeting those commissioners.  Future issues have my concern more that the current items on their portion of the agenda.
The Changing Business Practices Sub-Committee is also reporting on the potential use of Licensee Finger Printing and we'll hear from the Mortgage Sub-Committee.
You can sign up to receive Commission notices at the WA DOL … (0 comments)

washington real estate: Washington real estate top performing markets (Late-Nov 07) - 11/29/07 01:00 PM
I'm back on schedule for our bi-monthly market updates.  This represents our November end of month update compared with numbers from our mid month update of our highest demand real estate markets in Washington State.  It indicates the markets where we feature the most listings and also where the most buyers are currently looking for on-line real estate information.
Top Ten Washington Counties ...Buyer attention returned to the Seattle Metro areas of Pierce, Snohomish and King County. 
I plan to update this again in mid-December.
(4 comments)

washington real estate: WA Web Site Trends Oct 07 - 11/19/07 08:11 AM
This data compares websites for companies based in Washington that also cross the border into other states (mostly in the western states).
Multi-State Sites:The Windermere and Redfin sites held steady while the other sites slipped somewhat.  It always surprises me when the Windermere and John L. Scott sites behave oppositely.  They are so very close in many aspects.  The usual seasonal trend predicts a substantial drop from now until January.  It will be interesting to see how this graphs out for the rest of 2007.
Thanks for stopping by!
(1 comments)

washington real estate: nwRealty Web Trend for October 2007 - 11/17/07 07:50 AM
I'm late again in updating traffic trends for Washington real estate web sites as observed by third party monitors.  YIPPEE!!! This report reflects our site at http://www.nwrealty.com/ has again surpassed the on-line patronage of the NWMLS public website. 
Washington Only Real Estate Sites:Beside our minor leap to the forground, most other sites held rather steady in their traffic counts.
Reports for November should be available in a couple weeks.  Thanks for stopping by!
(1 comments)

washington real estate: Web Traffic still on the rise - 11/17/07 07:33 AM
Google Analytics tools are tracking some unexpected trends for our Washington Real Estate website as we head into the holiday season.  A really useful feature is the ability to compare a window of statistical data with data in the past.  Here's what I'm monitoring for the period of 10/17 thru 11/16 compared with the period of 9/16 thru 10/16 ...
Number of visits UP 9.66% and page-views UP 3.61% which is the exact opposite of seasonal trends from previous years. Average Time on Site DOWN 8 seconds and Pages per Visit DOWN 5.52% which I attribute to the season.  If this doesn't reverse by February I … (2 comments)

washington real estate: nwRealty Network Performance 10/18 - 11/15 2007 - 11/16/07 02:06 PM
We're again adding more Washington real estate broker and agent members to the nwRealty Network. 
Agents and brokers with more listings continue to benefit the greatest from our system.  Equitable numbers of exclusive leads are generation for true "Buyer's Agents".  Between October 18th and November 15th 2007, we've delivered the following benefits to our Network Members ...
Lead Generation:On average, over the last month each member real estate agent/brokerage received 4 leads with brokers and agents in Okanogan and Grays Harbor Counties receiving an above average number of leads (strong positioning in search engine results). Web Site Visitor Referrals:  We referred an average of 16 visitors to each member's real estate website.  Visitor "click-thrus" were fairly consistent … (2 comments)

washington real estate: Washington real estate top performing featured listings markets (Nov 07) - 11/16/07 01:47 PM
I meant to update with this post about two weeks ago.  This represent our November mid month update to previous posts regarding our highest demand real estate markets in Washington State.
The lists below compares real estate activity from October 18th thru November 15th 2007.  It indicates the markets where we feature the most listings and also where the most buyers are currently looking for on-line real estate information.
Top Ten Washington Counties ...Buyers made an unexpected showing for the Whidbey Island and Skagit Valley market areas of North Puget Sound, surpassing the more densly populated and higher demand Seattle Metro areas.
These were some rather unexpected shifts in market activity.  I'll try … (3 comments)

washington real estate: Brokerage trends - 11/16/07 12:39 PM
Several years ago I read a prediction that successful brokerages of the future would either be ...
associated with a national franchise  OR a small family owned mom & pop operationWell the future is here and this describes some changes that I've observed this week. 
First - I've noticed many "power hitting agents" step out on their own to open an independent (non-affiliated) brokerage.  I suspect a motivation for their move is to get away from the 6% franchise fee.  Since they've already established name recognition in their markets they aren't benefiting from franchise umbrellas like average agents. 
Second - I'm seeing moderate … (4 comments)

washington real estate: Still lots of overpriced inventory - 11/16/07 10:06 AM
I spent some time crunching citywide numbers today and determined that on average our available housing is overpriced by 13%.  The average price of recent pending/sold homes in Edgewood is $193 per square foot and the average price of available homes is $221 per square foot.
Like I said, this is a citywide observation and needs fine tuning to better compare apples to apples and oranges with oranges.  But most available homes are still at the originally listed price from 6 months ago or more.  Sellers should get a clue from recent new construction home sales where the builders have reduced the … (5 comments)

 

Larry Wright

Tacoma, WA

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Office: (253) 740-6092

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Keeping the fingers of Buyers, Sellers and REALTORS on the Pulse of Puget Sound Real Estate and their eyes on the little details of the big picture in Washington.


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