Edgewood, WA Real Estate Blog

Statistics for July 2008 for Edgewood and surrounding cities have just been updated.
More of the same - median prices drifting downward. Still looking for a trend of increasing sales which would portend a “bottom”. It just isn’t there. Lacking an increase in sales, months of inventory is “stuck” at a high level.
Keep [...]

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Most areas show a marginal improvement in markets, at least from a seller’s perspective. Keep in mind closed sales are contracts that were written 45-60 days ago when the seasonal selling period typically peaks.
Federal Way (areas 100 and 110) and NE Tacoma (areas 94-95) are exceptions.
All areas ( based on inventory levels) [...]

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Statistics for April 2008 for Edgewood and surrounding cities have just been updated.
Things are improving over March in all areas. Inventories remain high, however, in all areas. Interestingly, King County shows an uptick in overall inventory while Pierce County’s went down. Usually, you see the reverse.
All areas show a decline in median [...]

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According to a Wall Street Journal article this morning, Zillow has just released their t Q1 Home Value Report. It shows that “U.S. Home Values in the first quarter posted the largest decline in more than a decade, falling back to 2005 levels.”
Here’s what the Zillow report details year over year median Zestimate (Zillow’s [...]

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Statistics for March 2008 for Edgewood and surrounding cities have just been updated.
The spring selling season is upon us and it shows in the stats. You’ll find some big jumps up and down in prices and inventory depending on the area. Some areas like NE Tacoma (MLS areas 94-95) don’t have a lot [...]

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I mentioned in a previous post that it’s paramount for both buyers and sellers to understand what’s coming down the pipe real estate market wise.
 
I was asked: “Well, what exactly is coming down the pipe?“
 
As you probably know, many exotic loans were originated during the 2004-2007 period. Exotic loans are [...]

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Like a lot of places, here in Edgewood a lot of sellers and a lot of agents seem to be having a hard time moving from fantasy land to reality.
I don’t know if it’s sellers unwilling to grasp that yesterday’s sales prices were available yesterday, and/or if their agents don’t know what’s going on… and, [...]

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The risks of holding raw land have never been higher.
FEMA recently updated their flood maps. More area is now included in floodplains. The Tacoma News Tribune ran an article on it yesterday worth reading. What they didn’t mention was that Pierce County recently updated their floodplain building requirements that may make your [...]

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