Eastside Flops (www.EastSideFlops.com)

[EastSider]

Redmond home

Sold in Nov/2006 for $425K
Currently listed for $399K
ZEstimate is $497K

http://www.redfin.com/WA/Redmond/16123- ... ome/323791

[EastSider]

Redmond/Education Hill home

Sold in May/2006 for $705K
Currently listed for $699K
ZEstimate is $723K

http://www.redfin.com/WA/Redmond/11228- ... ome/322920

[EastSider]

Redmond/Education Hill home

Sold in Oct/2006 for $826K
Currently listed for $759K
ZEstimate is $844K

http://www.redfin.com/WA/Redmond/12011- ... me/8189762

[EastSider]

Redmond/Bridle Trials home

Sold in Apr/2007 for $630K
Currently listed for $568K
ZEstimate is $562K

http://www.redfin.com/WA/Redmond/8036-1 ... ome/515862

[EastSider]

Redmond/Microsoft Area home

Sold in Apr/2007 for $1.1m
Currently listed for $899K
ZEstimate is $994K

http://www.redfin.com/WA/Redmond/7355-1 ... me/2093735

[EastSider]

Redmond/Education Hill home

Sold in Apr/2007 for $749K
Currently listed for $689K
ZEstimate is $812K

http://www.redfin.com/WA/Redmond/17279- ... e/12303784

[EastSider]

Redmond/Microsoft Area home

Sold in Jan/2008 for $439K
Currently listed for $350K (Short Sale)
ZEstimate is $435K

http://www.redfin.com/WA/Bellevue/1650- ... ome/431921

[rose-colored-coolaid]

[EastSider]

Bellevue/Microsoft Area home

Sold in Sep/2006 for $417K
Currently listed for $369K
ZEstimate is $443K

http://www.redfin.com/WA/Bellevue/1522- ... ome/500554

[EastSider]

Bellevue/Newport Hills

Sold in Sep/2006 for $565K
Currently listed for $424K
ZEstimate is $520K

http://www.redfin.com/WA/Bellevue/5213- ... ome/413137

[Lake Hills Renter]

[EastSider]

Bellevue Downtown Condo

Sold in May/2008 for $654K
Currently listed for $539K
ZEstimate is N/A

http://www.redfin.com/WA/Bellevue/10610 ... e/12448048

[EastSider]

Bellevue Downtown Condo

Sold in May/2007 for $369K
Currently listed for $349K
ZEstimate is N/A

http://www.redfin.com/WA/Bellevue/424-1 ... home/32178

[EastSider]

Here are some observations so far....

- Many folks who purchased an Eastside SFH during/after 2006 are underwater.
-Even with these lower-than-2006 prices, many homes are still expensive if you take the long-term appreciation rates into account
-It's been hard to find condos/townhomes that are underwater from the 2006 prices
-Moral of the story for current homebuyers on the eastside: Don't buy a home on the Eastside now. But if you have to, don't pay more than comparable sales in 2006

[Civil Servant]

Something weird going on with the sales history for that one on NE 9th (next-to-last condo) -- in May alone there are 5 or 6 transactions for the listing, at wildly varying prices between $346K and $894K. Any ideas? EastSider, I salute your detective work.

Also, check the photos of the facilities. The Redfin listing happens to omit HOA dues, but that setup is so posh I'd bet a grand a month isn't out of the question.

Oh look, Tim's fuel gauge is at $2410. Tim, best of luck topping it off tonight or tomorrow.