Asking less than last sale

[Alan]

If you see houses that are asking less than the last sale, post them here.

I thought this one was cute:

Purchased 5/30/2006 for $330k. Asking $299k. On Beacon Hill.

Edit:
I did a little public records research on this house. The owner is a very active investor who has bought and sold five houses since 2002 for a "profit" of $640k (I put profit in quotes because I do not know how much he spent outside of the purchase price).

He still has $1.9M invested in eight properties around town.

So we have an active investor who seems to know what he is doing willing to lose 10% on an investment. It sounds like the smart money is very eager to get out of the market.

[Nude]

Great idea Alan!

I already posted this in a comment on the blog, but having a thread full of them will be a great way to track how low prices actually go.

http://www.redfin.com/stingray/do/print ... -id=821077

Sold last year for $636k, now being offered $625k.

[TJ_98370]

..
I'm not trying to derail the intent of this thread but it sounds like what you guys are up to is something like the Flippers in Trouble blog for Sacramento. It would be great to do something similar for Seattle?

If you believe that Seattle is just "late to the party" this site should be of interest. Take a look at the hit some of these people are taking!


..

[newbee]

[Alan]

[newbee]

[BallardRat]