local real estate news, statistics, and commentary without the sales spin.
Does anyone remember the 13,000-square-foot Tacoma mansion I mentioned a few times on these pages back in 2011? After a series of price drops from $8 million, to $7 million, to $6.4 million, and eventually $5.4 million over the course of nearly three years on the market, it finally went pending. In June. Of last…
Full disclosure: The Tim is employed by Redfin. On Monday I posted the results of a new quarterly survey of home sellers that we’re doing at Redfin. This part in particular stood out to me as I was analyzing the responses: …when asked how they approach pricing their home 32% of sellers indicated that they…
Some readers may recall this sprawling, 13,000-square-foot mansion for sale on a 9-acre estate down in Tacoma from an earlier post: Northwest Baptist Seminary: For sale in Tacoma As I pointed out to Curbed Seattle last week, the seminary campus recently had a massive $1,000,000 price drop—12.5% off the previous list price of $8,000,000. This…
Back in the dark ages of real estate, home shoppers had to rely on real estate agents to give them pretty much any information about homes that were on the market. A listing agent could change the price of a home by some insignificant amount, pop it to the “hot sheets” the buyers’ agents relied…
Here are a few charts of price per square foot for Seattle single-family homes… Redfin: Zillow (list price): Altos Research (list price): Draw your own conclusion about whether or not prices have hit bottom yet. Full disclosure: The Tim is employed by Redfin.