East King County Prices Falling

[Alan]

[Scotsman]

[Scotsman]

[Scotsman]

Yup. Now reduced to $1550/month. I'm starting to feel sorry for this guy.

http://seattle.craigslist.org/est/apa/508110441.html

[acurawsu]

[perfectfire]

[uwp]

[carlislematthew]

[Scotsman]

Started at $328, then $300, then $285, now $275.

http://www.johnlscott.com/propertydetai ... D=30827702

This is in the little town of Preston, which was pretty hot for some time- but not now. $250?

Bought 2/06 for $257. Looks like he's gonna take a loss after expenses.

I though houses only went up?

[Scotsman]

Price reduced again, $400K FSBO.

http://seattle.craigslist.org/est/rfs/534694957.html

[carlislematthew]

"At somewhere around $375K the thing may sell"

Scotsman, this is what you said back in November of last year. We'll see if you were right! Their craigslist ad stinks of desperation, so I wouldn't be surprised if they took something way under 400K.

[Scotsman]

The saga of my favorite flip has come to an end. This is the home on 188th. The house sold, through a Realtor, for $380,000. Seller paid $300,000 for it in '06, completely redid the house inside and out, built a new free-standing 2 car garage, etc. The original asking price was briefly $595,000, spent a lot of time at $569,000, then started the long slide down. After commissions, taxes, carrying costs, etc. $380,000 has got to be a good sized loss. Ouch!