Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

109 responses to “Pricing Calculator for Today’s Market”

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  1. Greg K

    This seems very wrong. If I plug in $500k house bought in 2008, it’s already gone down to $400K?

    Check your math.

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  2. Fremontian

    Based on actual, recent (summer) sold prices of very close comps in my neighborhood, I’ve actually gained about 4%, and I bought in 2006.

    This is in the Fremont neighborhood. Are priced holding up better in the city?

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  3. Ira Sacharoff

    Fremontian,
    Not in the entire city, but yes in Fremont, and Wallingford, Phinney, Greenlake, parts of Ballard, and a few others. Southeast Seattle has not fared nearly as well.

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  4. Alan

    IRA,

    I was following this house on redfin and it got relisted with a reset days on market. What does your direct MLS history show for days on market and asking price changes?

    17705 NE 156th St
    Woodinville, WA 98072

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  5. Ira Sacharoff

    Alan,
    First listed 4/30/08, went inactive 7/18/08, new listing 7/29/08 all with the same asking price.

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  6. Alan

    But different square feet…

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  7. GCH

    Hi Tim,

    Sorry, but I’m seeing an algorithm problem, too (see Greg K’s post). I entered “395000″ and 2005 and got $393243. Unlikely that price dropped based on your assumptions. I’m on MacOSX.4 and Firefox 2.0.0.16. Tried and got same result in Safari. I’m sure you enjoyed programming this, but I bet you hate us pesky software testers by now! Hope this helps, and best wishes for the next release.

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  8. Weekend Roundup: Fence-Sitters, Incentives, Office Vacancies | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area.

    [...] to my (admittedly rough) calculations, they’re still about $50k overpriced. Good luck to them, but the real incentive for buyers in [...]

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  9. NoMoreWork

    Hey Tim,
    Someone linked to this on the RedFin blogs and I remembered seeing it last year. Any chance we can update it to present day? Just so it better reflects prices based on the market falling further since this post… Wouldn’t want people basing their offers on an outdated calculator and paying too much for that North Seattle 3bd 1ba $700k Craftsman ;) hahaha

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