Seattle Bubble

From an article on home staging in the Puget Sound Business Journal:
For [Seattle home stager Jan] Sewell, who is also a Realtor with Windermere Real Estate and owner of her staging business since 1997, today’s market is unlike anything she has ever experienced.
“I have been through a couple of slow markets in Seattle before, but [...]

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Okay, when I saw this this morning, I just had to mention it. There’s a little 8-unit townhome complex in my neighborhood (Kenmore) that I have mentioned on here a number of times in the past. Most recently, two of the eight units were up for sale. As of this morning, four [...]

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The condo battle in my neighborhood (Kenmore) seems to be heating up. In April I mentioned a nearby townhome in an 8-unit complex that went up for sale at $360,000, 20% higher than any unit in the complex has ever sold for in the past, and a mere $30k less than a unit just [...]

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It’s been a while since I posted any anecdotal observations, so I think it’s time for a few.
First up, the 8-unit condo/townhome complex in my neighborhood, which we have visited a few times before. Here’s the summary of the action in this complex of eight essentially identical units since 2005:

September 2005: Unit #5 listed [...]

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Posted today over at MSNBC - sometimes viewed as a source of “news”, I found this tidbit. It looks like we’re gonna get bailed out by the Canucks! Phew
As loonie surges, Canadians snap up US homes
Snowbirds bring checkbooks to grab properties at deep discount
CHANDLER, Ariz. - Two hours after his flight landed in Phoenix, [...]

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Oh. My. Goodness.
Remember this?
13425 Avondale Rd NE, Woodinville
May 2006: $1,625,000 (Asking)
August 2006: $1,495,000 (Asking)
October 2006: $1,275,000 (Asking)
November 2006: $1,275,000 (Asking - New Brokerage)
January 2007: $1,275,000 (Relisted)
February 2007: $1,275,000 (sold—finally)
You thought it was over, but oh no. It is not.
December 2007: $1,650,000 (Flipping?!?)
I kid you not. February’s buyers have now put this [...]

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