It looks as though you are getting some good feedback on your question. I appreciate finding the SeattleBubble reference because its inclusion reinforces the opinion that Iâ€™m going to give to you, as a Realtor. Just as you will get a diversity of opinions on the market in this forum, you will find good and bad value in any real estate market situation, regardless of public opinion. The relationship between the seller and buyer of a home is very personal and based on motivation. If you find a property that you can live with for the next 5 years and it is owned by a motivated seller, you have a recipe for good value anywhere in the Seattle area. There is some emotional uncertainty driving some sellers. If you are working for a popular software company, however, and want to live within a 15 minute bus ride of your new office, you may find yourself compromising on price. We still see multiple offers in some situations. Location, location, locationâ€¦The point is that the market is based on what a similar property sold for most recently, not what the average or mean prices of the NWMLS are. I suggest that good Realtors attempt to draw the motivations of a seller and buyer together on a very individual basis. If the Realtor avoids dual agency and acts strictly as a buyerâ€™s agent you have an even better chance of achieving value.
I always like to recommend local newspaper sotes to people coming into the area. The Seattle Times link, below, has a lot of local color.
Best of luck.