Category Archives: Market Update


Dec

26

2016
November Market Update

November Market Update

According to the Northwest Multiple Listing Service (NWMLS), figures for November show a 13.2 percent drop in inventory of single family homes and condominiums. For the 4-county Puget Sound region there is only 1.22 months of supply, with King County having the lowest level at under a month (0.96). There was a 9.4 percent gain in pending sales, a 31.3 percent spike in closed sales,…

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Aug

07

2016
Appreciation in the Northwest – Setting a Red Hot Pace

Appreciation in the Northwest – Setting a Red Hot Pace

In spite of easing a bit from prior months, home prices are continuing to experience positive appreciation. The S&P Case-Shiller 20-City Composite index for May (as reported at the end of July) rose 5.2 percent year over year. This accounts for slight slowdown from April’s 5.4 percent increase. The Case-Schiller index tracks changes in the value of residential real estate nationally as well as in…

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Apr

18

2016
Real Estate Prices Chart

The Time is Right

When the Northwest Multiple Listing Service distributed its latest market update (March YoY), the document was titled “Puget Sound Area Home Sales Slow (But Not Prices). Interestingly, this title was edited from the initial press release, where the title included the addition of “as supply can’t match demand”. When supply can’t match demand, it means there are just not enough houses to support demand. With…

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Aug

27

2013

Central Area Fix & Flip Loan

LOAN AMOUNT: $190,000FINAL SALES PRICE: $625,000LOAN DATE: March 2013 to August 2013LOCATION: Central Area, Seattle- King County ResidentialLOAN TYPE: Bridge Loan, 6 Month TermDETAILS: This property was purchased for $380,000 by an experienced Veristone real estate investor.  This property boasts 2100+ square feet and went through a “studs-out” remodel.  The house received modern finishes with bamboo floors, modern style hardi-siding, quartz counters, stainless, steel railings,…

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Jun

25

2013

Federal Way Fix & Flip Loan

VERISTONE DEALSHEET LOAN AMOUNT: $213,000FINAL SALES PRICE: $455,100LOAN DATE: January 2013 to June 2013LOCATION: Federal Way, Marine Hills, King County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month Term, $25,000 Construction HoldbackDETAILS:  This is an outstanding story of a 1966 property with sound views in the Redondo Highlands receiving modern updates.  New interior and exterior paint, private upper level master suite, modern kitchen and baths,…

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Jun

24

2013

Capitol Hill Fixer Loan

VERISTONE DEAL SHEET LOAN AMOUNT: $660,000FINAL SALES VALUE: $1,150,000LOAN START DATE: May 2013LOCATION: Capitol Hill, Seattle, King County WashingtonLOAN TYPE: Fix & Flip Loan, 7-Month Term DETAILS: In May, we were pleased to lend on a grand vintage home in Capitol Hill boasting over 2900 square feet.  This historic house sits on a corner lot with partial lake views and still carries periodic details intact. …

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May

14

2013

Maple Valley Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $126,000 FINAL SALES PRICE: $228,000 LOAN DATE: December 14th, 2012 to April 1st, 2013 LOCATION: Maple Valley, King County- Residential LOAN TYPE: Auction Loan, 9 Month Term DETAILS: Our Veristone Capital borrower obtained the subject property at the King County foreclosure auction in December 2012 for $144,000.  The borrower is an experienced real estate investor who partnered with Skyline Properties and…

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May

07

2013

Tacoma Auction Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $137,000FINAL SALES PRICE: $225,000LOAN DATE: November 2012 thru April 2013LOCATION: Tacoma, Pierce County- ResidentialLOAN TYPE: Auction Loan, 12 month termDETAILS:  The subject property was one of almost 50 auction deals funded by Veristone Capital in 2012.  The property was purchased last November for $157,000 and was updated during the Holiday season with new carpet, new paint, and a refreshed kitchen. …

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May

01

2013

West Bellevue Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $585,000HOUSE VALUE: $800,000 estimatedLOAN DATE: March 1st, 2013 through April 26th, 2013LOCATION: Bellevue, King County- ResidentialTYPE: Auction Loan- 12 Month TermDETAILS: Veristone Capital partnered with John L. Scott Foreclosure Services to acquire a rare view property in one of the premier Seattle neighborhood’s- West Bellevue, near Meydenbauer Bay.  The subject property boasts 1930 square feet with lake views.  The property was…

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Apr

02

2013

Renton Auction Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $57,000 FINAL SALES PRICE: $103,500 LOAN DATE: January 2013 to March 2013 LOCATION: Renton, King County Washington TYPE: Auction Loan, 12 month Term DETAILS: The subject property  was sold at King County foreclosure auction for $65,000 in January 2013.  The buyer is an experienced real estate investor working with Skyline Properties and JDIG Real Estate Group.  The property is a…

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