Long time Ballard resident and local Real Estate Broker Sharon Giampietro will be sharing a post on My Ballard each month to keep readers informed about the local real estate market. […]
Tag: real estate
The January Greater Ballard Real Estate Market Recap
Long time Ballard resident and local Real Estate Broker Sharon Giampietro will be sharing a post on My Ballard each month to keep readers informed about the local real estate market. […]
The 2013 Greater Ballard Real Estate Market Recap
Long time Ballard resident and local Real Estate Broker Sharon Giampietro will be sharing a post on My Ballard each month to keep readers informed about the local real estate market. […]
Possible ‘double dip’ in home values?
And now in more (not so) good news on the economic front, Zillow is suggesting that there may be a looming “double-dip” in home values.
At least from Seattle’s perspective, we’re not listed as one of most likely candidates for another drop in value, but data from Zillow’s Home Value Index indicates if you bought anytime in the last few years, your home is probably worth less than when you bought it.
Here’s a chart showing the change in values over the last five years.
According to Zillow, here are some toplevel findings:
- Decreasing Home Values: Home values changed -5.8% to a Zillow Home Value Index of $300,400. Values also fell in the short-term, changing -0.5% from November to December. The Zillow Home Value Index measures the value of all homes, not just those that sold in a particular period.
- Homes with Negative equity: 22 percent of all owners of single-family homes with mortgages were underwater at the end of Q4.
- Foreclosure re-sales: 19.5 percent of all sales in December were foreclosure re-sales (REO sales). Nationally, foreclosure re-sales made up 20.3 percent of all sales.
- Homes sold for a loss: 18.5% of all homes sold in December sold for a loss.
I’m not a real estate analyst, so I’ll point to the SeattlePI for more information.
Is the Ballard housing market heating up?
New real estate data released this week shows signs of improvement, and one real estate broker is calling the Ballard housing market “hot” compared to a year ago. “I’ve been […]
Oldest realtor in U.S. lives here in Ballard
The slogan for George W. Johnson’s Ballard business is, “Serving the Seattle area with quality and excellence since 1936.” That right, Johnson is 96 years old, and he’s believed to […]
Ballard a ‘sellers market’ for real estate
If you’re seeing a few “sold” signs around the neighborhood, there’s some data to back up your observation. “Months of supply” (MOS) is a real estate metric that measures the […]
More cottages to be built in Ballard
High density living doesn’t mean you have to share walls with your neighbors. The Department of Planning and Development just approved a project at 1548 NW 61st St. (street view […]
Ballard zip code is a hot housing market
There’s no denying that the Seattle real estate market has slowed down along with the rest of the country. When the August monthly multiple listings report came out last week, […]
The most expensive real estate in Ballard?
Recently in the forum, BallardViking discovered this home for sale: Look a little cozy? Well, the “condo alternative” measures just 325 square feet with a $199,999 price tag. “At $615 […]
Ballard the top ‘hot hood’
Seattle Metropolitan Magazine has published an issue with profiles of 95 Western Washington neighborhoods. In a list of the “hot hoods,” the magazine ranks Ballard number one, where “cared-for properties […]
Cottage homes coming to Ballard
We wrote a couple weeks ago about all the town houses popping up around the neighborhood, and now there are cottage homes — somewhat affordable houses without shared walls but […]
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