Here are a pair of noteworthy comments from yesterday’s discussion about large price haircuts. photo by Flickr user allyaubry By Guest: 1. What’s up with the sudden popularity of phrases regarding debt and suffering that include the word “haircut.” 2. A “FUN” property? What exactly is “fun” about this situation. How is an inflated “boom-era”…
Tag: price drops
What’s the Worst Home Price Haircut You’ve Found?
I received the following suggestion from a reader in an email with the subject: “Column Idea: Worst Haircut?” Here’s a fun property: 42905 SE 177th St in North Bend Sold in August 2003 for $570,000, then sold for the insane price of $725,000 in April 2007, only to get taken back by the bank in…
Are Seattle List Prices Especially Unrealistic Compared to Other Cities?
Here’s a weekend data quickie for you. I just finished up a series of posts regarding price reductions on Redfin’s ten local blogs around the country, and I noticed something interesting in the data. The data they sent me is pulled directly from their database, and so includes MLS, FSBO and REO listings. We calculated…
Great Reports from Redfin and Zillow
There has been some great stuff coming out of our Seattle-area “alternative” real estate businesses Redfin and Zillow this week that deserve to be mentioned. First up, Redfin came out with a great paper called Seven Tactics for Real Estate Bargaining. Check out their blog post announcing the study here. They analyzed recent sales data…
$100,000+ Price Cuts in Suburbs Around Seattle
Aubrey Cohen is on a roll lately, doing a great job of reporting what’s really going on with the Seattle-area real estate market, instead of just painting the rosy picture that agents and builders would like to see printed. Here is Cohen’s latest, on the drastic price-cutting measures that builders just outside Seattle are taking…