Dec. 29, 2007 - Seattle Real Estate

Given Seattle Real Estate is one of the few markets in the Country that is faring well, and much better than most, many want to know how that is, why that is, and most importantly...if that is true and if it IS true, than will it sustain or are we just a "lagging market"?

To consider our trends through 2008 and beyond, we need to go back to 2005 and 2006 as a comparison point.  To some degree my theory is that Seattle did not have the same upswing from 1998 to 2005 as the rest of the Country.  So Greenspan's prediction that an upswing will last 7 years would suggest that the rest of the Country completed their upswing by 2005, while Seattle did not.  That would partially explain why we kept going up after the rest of the country stopped, and began their descent.

I can't do all of King County prior to 2005, but will show the longer term trends in smaller apples to apples housing segments.  But for the next many posts I will get the data up from 2005 to present for all of King County.  I will also be breaking down all sales, including vacant land, multi-family, manufactured homes, single family homes and condos as show below, into SFH - Single Family Only and Condo Only.

Stay tuned.  Lots of data to follow.