Long time Ballard resident and local Real Estate Broker Sharon Giampietro shares a post on My Ballard every month to keep readers informed about the local real estate market. Giampietro comes from a […]
Tag: real estate
Mars Hill Church on the market for $8 million
According to the Commercial Brokers Association, the Ballard location of Mars Hill Church (1401-1500 NW Leary Way) is now on the market for the price of $8 million. The 39,182 […]
The monthly Ballard real estate recap
Long time Ballard resident and local Real Estate Broker Sharon Giampietro shares a post on My Ballard every month to keep readers informed about the local real estate market. Giampietro comes from a […]
The monthly Ballard real estate recap
Long time Ballard resident and local Real Estate Broker Sharon Giampietro shares a post on My Ballard every month to keep readers informed about the local real estate market. Giampietro comes from a […]
Ballard apartment complex sells for $57 million
According to a report by the Puget Sound Business Journal, the Broadstone Koi apartment complex (1139 NW Market St) sold for 57 million dollars last week. The 180-unit complex was […]
The monthly Ballard Real Estate 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 […]
Ballard named hottest real estate neighborhood in Seattle
According to a report by Seattle Met, Ballard is Seattle’s hottest neighborhood for real estate. The article published earlier this month, refers to Ballard as “Stealth Urbanites” with Loyal Heights […]
The monthly Ballard Real Estate 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 February 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 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.
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