Interesting Housing Bust Example from SW Washington
Posted: Tue Apr 08, 2008 8:48 am
Here's an interesting one that my parents have been looking at down in Clark County (the county is buying their home of 20 years).
4 bed, 3 bath, 3-car garage + carport, 2,669 sqft, 3/4 acre lot, built in 2003. Really nice house (I toured it with them over the weekend).
Originally listed in April... 2007.
Original price: $495,000.
Current price: $345,000.
Unfortunately RedFin and ZipRealty don't work down in Clark County, so I can't find an online source for the price drop and DOM info, but my parents' real estate agent (who is being paid for by the county) pulled this info from the local MLS, and I looked at the printout myself. The fun thing was that when we asked the listing agent how long it had been on the market, he said "oh, about six months." Liar.
Dang though. $150,000 price drops (30% off!), and a year on the market. This is not that far out of Vancouver.
4 bed, 3 bath, 3-car garage + carport, 2,669 sqft, 3/4 acre lot, built in 2003. Really nice house (I toured it with them over the weekend).
Originally listed in April... 2007.
Original price: $495,000.
Current price: $345,000.
Unfortunately RedFin and ZipRealty don't work down in Clark County, so I can't find an online source for the price drop and DOM info, but my parents' real estate agent (who is being paid for by the county) pulled this info from the local MLS, and I looked at the printout myself. The fun thing was that when we asked the listing agent how long it had been on the market, he said "oh, about six months." Liar.
Dang though. $150,000 price drops (30% off!), and a year on the market. This is not that far out of Vancouver.