Eastside Flops (www.EastSideFlops.com)

[barista]

http://www.redfin.com/WA/Yarrow-Point/4 ... ome/249587

Below 2006 price.

Dec 02, 2008 Price Changed $1,399,000 -- NWMLS #28175899
Oct 22, 2008 Listed $1,499,000 -- NWMLS #28175899
Oct 22, 2008 Off Redfin * -- Inactive NWMLS #2
Oct 11, 2008 Price Changed * -- Inactive NWMLS #2
Sep 19, 2008 Price Changed * -- Inactive NWMLS #2
Sep 10, 2008 Relisted * -- Inactive NWMLS #2
Aug 30, 2008 Off Redfin * -- Inactive NWMLS #2
Aug 10, 2008 Price Changed * -- Inactive NWMLS #2
May 14, 2008 Price Changed * -- Inactive NWMLS #2
Feb 01, 2008 Listed * -- Inactive NWMLS #2
Sep 22, 2006 Sold $1,550,000 17.5%/yr Public Records

[barista]

http://www.redfin.com/WA/Redmond/7349-1 ... ome/516535

Check out the history on this one. Below 2005 price!!! and so close to microsoft.

Dec 02, 2008 Price Changed $800,000 -- NWMLS #28166661
Oct 31, 2008 Price Changed $820,000 -- NWMLS #28166661
Oct 02, 2008 Listed $845,000 -- NWMLS #28166661
Oct 02, 2008 Off Redfin * -- Inactive NWMLS #3
Sep 03, 2008 Listed * -- Inactive NWMLS #3
Aug 06, 2008 Sold $855,000 -23.0%/yr Public Records
Jun 18, 2007 Sold $1,150,000 23.6%/yr Public Records
May 29, 2007 Listed * -- Inactive NWMLS #2
Aug 29, 2006 Sold $969,950 -24.9%/yr Public Records
Jun 13, 2006 Price Changed * -- Inactive NWMLS #1
Sep 16, 2005 Price Changed * -- Inactive NWMLS #1
Aug 30, 2005 Listed * -- Inactive NWMLS #1
May 17, 2005 Sold $1,400,000 126.9%/yr Public Records

[barista]

http://www.redfin.com/WA/Sammamish/4379 ... ome/268727

Very likely will fall to its 2002 price!!!

Dec 01, 2008 Price Changed $714,000 -- NWMLS #28176328
Sep 10, 2008 Sold $795,800 3.2%/yr Public Records
Dec 31, 2002 Sold $665,000 20.7%/yr Public Records

[barista]

http://www.redfin.com/WA/Newcastle/1562 ... me/2092200

Check out the view on ths one. Still on market after 17 months and 17 price reductions.

Nov 30, 2008 Price Changed $1,795,000 -- NWMLS #28128854
Nov 08, 2008 Price Changed $1,820,000 -- NWMLS #28128854
Oct 16, 2008 Price Changed $1,845,000 -- NWMLS #28128854
Oct 04, 2008 Price Changed $1,870,000 -- NWMLS #28128854
Aug 25, 2008 Price Changed $1,895,000 -- NWMLS #28128854
Jul 25, 2008 Listed $1,995,000 -- NWMLS #28128854

Feb 03, 2006 Sold $1,995,000 159.5%/yr Public Records

[EastSider]

http://www.redfin.com/WA/Bellevue/1920- ... ome/432864


Dec 04, 2008 Listed $422,000 -- NWMLS #28192751
Mar 14, 2007 Sold $580,000 14.7%/yr Public Records
Jul 17, 2001 Sold $267,000 7.6%/yr Public Records
Jun 30, 1989 Sold $110,000 -- Public Records

[EastSider]

http://www.redfin.com/WA/Bellevue/5004- ... ome/416278


Dec 09, 2008 Listed $412,250 -- NWMLS #28194206
May 27, 2008 Sold $427,407 -11.3%/yr Public Records
Jan 17, 2007 Sold $503,000 22.8%/yr Public Records
Dec 04, 2003 Sold $265,000 6.7%/yr Public Records
Apr 20, 1988 Sold $96,500 -- Public Records

[EastSider]

50% drop in the past 2 years! Seems fishy?

http://www.redfin.com/WA/Bellevue/10018 ... ome/506355

Dec 09, 2008 Listed $700,000 -- NWMLS #28194346
Sep 26, 2007 Sold $1,400,000 132.2%/yr Public Records
Jan 29, 2007 Sold $805,000 9.4%/yr Public Records
May 31, 1984 Sold $104,000 -- Public Records

[Clamster]

Really? Someone bought that for over a million dollars? That is a piece of crap for a million dollars. If I could afford a million dollar house, I would buy a house that looks like it is worth a million dollars. Did people just have an extreme lack of perspective or what?

[gortnerp]

[S-Crow]

How this could have appraised for $1.4 is beyond me. Very very suspicious.

Records search reveals not so surprising data.

[EastSider]

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


Dec 10, 2008 Listed $370,405 -- NWMLS #28195022
Jul 28, 2008 Sold $551,555 -9.9%/yr Public Records
Apr 19, 2007 Sold $630,000 8.1%/yr Public Records
Jul 26, 2006 Sold $595,000 29.6%/yr Public Records
May 28, 2004 Sold $340,000 11.6%/yr Public Records
Aug 25, 2000 Sold $225,000 -- Public Records

[barista]

http://www.redfin.com/WA/Bellevue/2022- ... ome/506736

Not just a flop but a liar listing too... check out one of the images on this one



the place realy looks like this...




Dec 12, 2008 Price Changed $789,000 -- NWMLS #28180875
Nov 05, 2008 Listed $850,000 -- NWMLS #28180875
Aug 21, 2007 Sold $1,156,000 23.1%/yr Public Records

[EastSider]

http://www.redfin.com/WA/Sammamish/2401 ... ome/265124


Dec 17, 2008 Listed $749,936 -- NWMLS #28195789
Oct 06, 2005 Sold $769,000 6.1%/yr Public Records
Dec 29, 1997 Sold $485,000 4.8%/yr Public Records
Mar 03, 1994 Sold $405,500 5.2%/yr Public Records
Feb 05, 1992 Sold $365,000 -19.2%/yr Public Records
Jul 31, 1991 Sold $407,545 25.0%/yr Public Records
Sep 14, 1989 Sold $268,000 -- Public Records

[deejayoh]

[davidlosh@davidlosh.com]

This is really snotty to say, but there was a trend for a while that put Bellevue, Redmond, and Kirkland properties at Seattle prices. There was and still is a massive run up in pricing in the Bellevue area that stretched to Issaquah and North Bend. The problem is that there is unlimited amounts of cheap dirt to build on and a very sketchy employment base east of Lake Washington.

There was in my opinion a mistaken belief that the Bellevue down town core would some how transform into an Urban Center. There the problem was that the economic driving force in the area was old money with properties on Lake Washington, in Medina, or Hunts Point. People of wealth like exclusion so they can be exclusively in control of the neighborhood.

Microsoft millionaires changed the dynamic for about ten years but Microsoft isn't churning out wealth like they used to. Those young hipster millionaires are also turning out to be pretty stand offish. So to me it looks like Bellevue is going back to being a neighborhood for the very wealthy of the Eastside and no others need apply.

That leaves a lot of properties with sagging values and no buyers.