Monthly Archives: December 2010

Seattle Home Values Touch New Low

We say, “touch,” rather than, “hit,” because the latest figures from Case-Shiller are three-tenths of one percent lower than February.

Jan 145.09
Feb 143.56
Mar 143.72
Apr 145.14
May 146.82
Jun 146.83
Jul 147.04
Aug 145.93
Sep 145.07
Oct 143.13

Housing values fell 4.1% since October 2009, they had fallen 12.4% prior to that. Overall, home values are 25.6% below their peak in July 2007.

Nationwide, home values are down 1% since October 2009, with the index standing at 145.32.

The index is set at 100 for January 2000, home values in Cleveland and Las Vegas are pretty much at Y2K levels. Washington D.C. showed the biggest gain from last year, at 3.7%, followed by Los Angeles (3.3%) and San Francisco (3%).

Advertisements

Mack is a Certified International Property Specialist!

After intensive class training and a comprehensive evaluation, including a history of working with international real estate clients and membership in international organizations, such as Business Networking International and the International Association of Home Staging Professionals, Mack has just received notification that he has received the National Association of Realtors designation of Certified International Property Specialist!

CIPSs have demonstrated a special expertise in helping international clients understand the customs and requirements for transacting real estate in the USA. Mack’s particular specialty is in residential real estate in the metropolitan Seattle market.

Just Listed! 1909 Garden Farmhouse w/Supplemental Solar

We’ve just listed a really nice, organically-gardened home on Pigeon Point in West Seattle.

4 bedrooms, 2 baths, dining room, finished basement, garage; on a corner view lot, $400,000.

We’ll be having an open house on Sunday, December 19, from 1-4pm, or we can show you easily by appointment!

You can download a flyer at our website.

BC Interest Rates Predicted to Rise in 2011

A new report from our friends at the British Columbia Real Estate Association predicts that interest rates will rise in the next year from 3.3% on a one-year term to 4.4%, and from 5.35% to 5.9% on a five-year term.

Among the factors cited were an increase in bond yields after the USA Fed’s announcement of Quantitative Easing #2, and slowing Canadian economic growth including exports to the USA.