Wednesday Links: October 11

The Seattle Times has had some good real estate coverage if you’re looking to get a feel for the flavor of the market.  One is a behind-the-scenes look at the negotiation for a house in West Seattle.  Another is a compilation of Mike Rosenberg’s reddit AMA on the local market and housing in general.

The Puget Sound Business journal dug into demolition and construction permits to find the areas of the city that are the hottest for teardowns and the answer isn’t surprising: Ballard is the winner.  Of the hot neighborhoods in Seattle, it’s the one with the largest inventory of property that hasn’t been through an upgrade cycle or wasn’t built to the top of the market in the first place, so teardown activity now makes sense.

The Seattle Bubble appears to be running out of headlines for the perpetual sameness we’re seeing with the latest market numbers.  I’m sympathetic to the sentiment, though I think Tim and the NWMLS both missed the important takeaway from the data indicating that more houses are sitting on the market past their review date and other listings having price reductions: it means that marketing a property does still matter and buyers aren’t literally buying anything.  That’s good news of a sort, if you’re willing to strain for it.  It means things can still get worse.

Wednesday Links: April 26

Transportation is this week’s theme, with SDOT announcing a new pilot program that will allow shuttles for private companies to use regular bus stops for their pick ups and drop offs.  This is pitched as an effort to more efficiently use public curb space.  The shuttle stops are currently available only to Microsoft and Children’s Hospital shuttles, and the shared stops are concentrated mostly in the dense neighborhoods near downtown and the canal, but there’s also a pilot stop in West Seattle.  It’ll be interesting to see how sharing the space will work out.

Sharing space is part of what helped the new 520 bridge bag the prestigious ACEC award for engineering on an infrastructure project.  Not only does the bridge float, but it has capacity to support pedestrian and bike traffic and, someday, will support the light rail’s expansion across Lake Washington.  That is, in fact, pretty nifty, and it’s great to see our bridge get that level of recognition.

Speaking of congestion and increased capacity…okay this is a stretch, but the Seattle Bubble has a good analysis of the new Case-Shiller numbers for February.  We’re still growing faster than we were before.  Yay!  (This is going to be a long, long summer market.)