tag:blogger.com,1999:blog-15223784.post113079607305646063..comments2023-10-08T06:24:07.089-07:00Comments on Seattle Bubble: Follow-Up: Anecdotal EvidenceThe Timhttp://www.blogger.com/profile/14832570891451659976noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-15223784.post-1130881186090588482005-11-01T13:39:00.000-08:002005-11-01T13:39:00.000-08:00you mean this one:http://tinyurl.com/cudn3From my ...you mean this one:<BR/><BR/>http://tinyurl.com/cudn3<BR/><BR/>From my experience over the last year that house is way over priced. It should be in the 400-450k range. Houses that are way, way, way over priced like that are not going to move. I don't think that's evidence of a slow down. There's just too many houses nicer then that going for 450K....<BR/><BR/>and this is the other one?<BR/><BR/>http://tinyurl.com/dlqky<BR/><BR/>Again...looks way over priced. 400-450K for that. 480K is too much...houses nicer then that get snapped up every day in Ballard for less then 480K.<BR/><BR/>Some sellers have gone beyond the insane prices that have become normal...pricing things so high with the hopes that people are desperate. Obviously it's not working...there is a limit to what people will pay.<BR/><BR/>'mmeshugyhttps://www.blogger.com/profile/12332798876700147445noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1130877318310576092005-11-01T12:35:00.000-08:002005-11-01T12:35:00.000-08:00hmm, there is a house around 65th and 6th that's b...hmm, there is a house around 65th and 6th that's been out there for 6 or weeks with two reductions that's pretty nice ( legal MIL). ANother one 78th and 6th that started at around $550 this past summer. and is now down to $480. My favorite is house that's being gutted right down the hill from Greenwood on 80th for $624K. That much money to front on a busy street...sureAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1130875208671873172005-11-01T12:00:00.000-08:002005-11-01T12:00:00.000-08:00BUt I do see some softening in the Phinney Ridge/G...<I>BUt I do see some softening in the Phinney Ridge/Greenwood area ( from my dog walks ) in terms of DOM and price reductions...</I><BR/><BR/>I often drive down 80th, through Greenwood/Phinney area. There where half a dozen homes for sale...most of them around for about a month. Many eventually had price deductions signs put up...but in the last week or so they're all sold! Pretty good for a very busy street...I think buyers are going for one last frenzy for fear of rapidly rising interest rates.<BR/><BR/>Anything on a nice quiet street goes fast. Unless it's an over priced junker, like this one on my street:<BR/><BR/>http://tinyurl.com/bbkmh<BR/><BR/>$449K for that??? I've been in it....it aint worth it. Even though there's another little house in the back.<BR/><BR/>This is the sort of house in Ballard the gets price reductions. Anything decent sells for list or above.meshugyhttps://www.blogger.com/profile/12332798876700147445noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1130870581686983452005-11-01T10:43:00.000-08:002005-11-01T10:43:00.000-08:00Personally, with the traffic mess we have, I am no...Personally, with the traffic mess we have, I am not suprised that the premium on housing in-city has not gone away. BUt I do see some softening in the Phinney Ridge/Greenwood area ( from my dog walks ) in terms of DOM and price reductions...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1130864884538740132005-11-01T09:08:00.000-08:002005-11-01T09:08:00.000-08:00Hi all...here's something I posted on another site...Hi all...here's something I posted on another site:<BR/><BR/>I bought a house in the Ballard area of Seattle last May. 4br/2bath/1800sq ft...totally remodeled in perfect condition for $430K. Since then similar houses have been going for $450K-500K. I've been watching the market closely and there's still very little inventory in NW Seattle. Anything decent goes in less then two weeks.<BR/><BR/>I'm not sure about the East Side, probably a little different there.<BR/><BR/>Over all, I think things have to slow down here. Could even tank for a while, but there does seem to be some truth that Seattle has some qualities that make it more resistant to a crash then other places.<BR/><BR/>Thanks for running this site Tim!meshugyhttps://www.blogger.com/profile/12332798876700147445noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1130856450757422062005-11-01T06:47:00.000-08:002005-11-01T06:47:00.000-08:00Hey, no worries. Like I said, I'm not angry, just...Hey, no worries. Like I said, I'm not angry, just wanted to respond. I wish you well in your quest. It's not fun trying to buy in a seller's market. <BR/> <BR/>As far as other readers go, based on the statistics for the blog, I have the sense that there's 25-50 people that read this, but since I've been on vacation and not updating the last two weeks that's probably dropped a bit.The Timhttps://www.blogger.com/profile/14832570891451659976noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1130814571247045262005-10-31T19:09:00.000-08:002005-10-31T19:09:00.000-08:00WAblogger, I don't mean to come across confrontat...WAblogger, <BR/> <BR/>I don't mean to come across confrontational or angry, but I would like to address your comments, which I feel are misdirected. <BR/> <BR/>First off, I chose the two examples completely at random from my immediate neighborhood. It was the first condo and first house I saw for sale when I decided to make the post. <BR/> <BR/>Secondly, I agree that statistics, aggregates, averages, and medians are a better way to get a feel for the situation as a whole. In fact <A HREF="http://seattlebubble.blogspot.com/2005/10/thurston-county-continues-upward.html" REL="nofollow">most</A> <A HREF="http://seattlebubble.blogspot.com/2005/10/kitsap-county-continues-to-soar.html" REL="nofollow">of</A> <A HREF="http://seattlebubble.blogspot.com/2005/10/more-takes-on-september-figures.html" REL="nofollow">the</A> <A HREF="http://seattlebubble.blogspot.com/2005/10/september-prices-mostly-flat-vs-august.html" REL="nofollow">stories</A> <A HREF="http://seattlebubble.blogspot.com/2005/10/400000-homes-selling-fast-in-olympia.html" REL="nofollow">I</A> <A HREF="http://seattlebubble.blogspot.com/2005/09/10-15-price-increases-in-seattle.html" REL="nofollow">post</A> are based on <A HREF="http://seattlebubble.blogspot.com/2005/09/prices-in-line-with-long-term-trends.html" REL="nofollow">just</A> <A HREF="http://seattlebubble.blogspot.com/2005/09/seattle-cheaper-than-most-other-tech.html" REL="nofollow">those</A> <A HREF="http://seattlebubble.blogspot.com/2005/08/seattle-wages-decreasing.html" REL="nofollow">things</A>. However, this is not one of those posts, which is precisely why I titled the post "<I>Anecdotal</I> Evidence." Anecdotal in the sense of "based on or consisting of reports or observations of usually unscientific observers." (<A HREF="http://www.m-w.com/dictionary/anecdotal" REL="nofollow">M-W</A>) <BR/> <BR/>Lastly, <B>no one</B> is "objective." I lay out my biases and pretty much everything about my motivations in writing this blog <A HREF="http://seattlebubble.blogspot.com/2005/08/about-blogger.html" REL="nofollow">up front</A>. Yeah, I'm biased. It sucks <I>wanting</I> to be a first-time homeowner and basically being priced out of the market unless I'm willing to do unwise things with my money. <BR/> <BR/>However, honestly that had nothing to do with the selection of these two properties. It was a random sample. <I>Anecdotal Evidence.</I>The Timhttps://www.blogger.com/profile/14832570891451659976noreply@blogger.com