Price reduction of $80,000 on a eastisde home

[EastSider]

Check out MLS# 27017740
Asking price has been lowered by $80k in about 2 months.

[sid]

Interesting. .

[EastSider]

[faster]

http://www.zillow.com/aerial/DualMapPag ... d=48815570

This one ended up selling after about $100k of price drops.
About $50K under the zillow estimate - or at least that's what the asking price got down to before it sold. For awhile they were chopping $20k off the price every week.

Here it is at original price of:


$50,000 later after a stop or two down the line:


And finally, after a few more stops, $659,000


I'm pretty sure it got to $649,000 before selling, but can't find any refference to it. Never did go in the house, but the outside is really well kept, you have some vies of Lake Sammamish, and it's not a bad neighborhood. The biggest obvious problem is road noise.

Right now there's another house around the corder from it:

http://www.redfin.com/stingray/do/print ... id=1008726

$834,000 - I think they're going to take a at least a $100k haircut to sell. I just don't see anything that meks it almost $180k nicer. Slight better views, larger, but less usuable lot. It'll be interesting to watch it play out. I'm getting better at predicting sales, but still miss some badly from time to time.

[TheMightyQuinn]

[redmom]

[EastSider]

[sid]

[EastSider]

[sid]

[faster]

[uwp]