Apr. 12, 2009 - Seattle Area Home Prices just prior to $8,000 Homebuyer Credit

Refer to the post below this one to get the full significance of this chart.  Home prices at year end and early in 2009 remained unchanged as you can see in the chart below, until the stimulus package was signed by Obama.  The % of 2009 Assessed Value of these homes taken just before the credit passed, remain at 10% below what they became after the credit was passed.  Approximately 30 days or more beyond that date is used to gather data, to allow time for those transactions entered into after the credit passed, to close escrow.

Perhaps more surprising is that the closing in late March and early April came in at 100% on average of the 2009 Assessed Values.  Not because of the 10% increase in pricing necessarily, as Spring Bump will create some upswing that may later come back down at the end of 2009.  What is most surprising is that buyers are paying the new assessed values, which were at the time we first became aware of them, consider to be "inflated' prices.  This market continues to surprise us. 

(required disclosure) Information in charts is not compiled or verified by NWMLS.

Apr. 13, 2009 - 2009 Assessed Data

 Great post, thanks!  I'm only seeing 2008 data on the DPD site - is there a spot you know of that the non-broker can gather that information?

Thanks, in advance, for your help.

Apr. 13, 2009 - RE: Seattle Area Home Prices just prior to $8,000 Homebuyer Credit

Usually I Google "King County Parcel Viewer" and that forwards to the newer site.  This is where it takes you

http://www.kingcounty.gov/operations/GIS/PropResearch/ParcelViewer.aspx

You can search by address and then open the reports at the bottom to get the history of assessed values. I was having trouble with it yesterday when I was writing these posts.  I usually use the interface that comes from hitting a button in the mls which takes me to a different source of tax info for most recent only.

The resuls for most recent sales were so startling that I wanted to double check everything, but the map feature on the King County site wasn't working for me.  I'll try it again today and during the week.

I don't know what DPD means? Could be I haven't had enough coffee yet :)