The Longest Pending Sale

Does anyone remember the 13,000-square-foot Tacoma mansion I mentioned a few times on these pages back in 2011? After a series of price drops from $8 million, to $7 million, to $6.4 million, and eventually $5.4 million over the course of nearly three years on the market, it finally went pending. In June. Of last […]

Nearly a Third of Sellers Will Overprice On Purpose

Full disclosure: The Tim is employed by Redfin. On Monday I posted the results of a new quarterly survey of home sellers that we’re doing at Redfin. This part in particular stood out to me as I was analyzing the responses: …when asked how they approach pricing their home 32% of sellers indicated that they […]

Schizo Price Drops on Seminary Campus in Tacoma

Some readers may recall this sprawling, 13,000-square-foot mansion for sale on a 9-acre estate down in Tacoma from an earlier post: Northwest Baptist Seminary: For sale in Tacoma As I pointed out to Curbed Seattle last week, the seminary campus recently had a massive $1,000,000 price drop—12.5% off the previous list price of $8,000,000. This […]

Price Games Hall of Shame

Back in the dark ages of real estate, home shoppers had to rely on real estate agents to give them pretty much any information about homes that were on the market. A listing agent could change the price of a home by some insignificant amount, pop it to the “hot sheets” the buyers’ agents relied […]

Seattle Home Prices Still Not Hitting Bottom

Here are a few charts of price per square foot for Seattle single-family homes… Redfin: Zillow (list price): Altos Research (list price): Draw your own conclusion about whether or not prices have hit bottom yet. Full disclosure: The Tim is employed by Redfin.

Strong Emotions on Both Sides of the Housing Bubble

Here are a pair of noteworthy comments from yesterday’s discussion about large price haircuts. photo by Flickr user allyaubry By Guest: 1. What’s up with the sudden popularity of phrases regarding debt and suffering that include the word “haircut.” 2. A “FUN” property? What exactly is “fun” about this situation. How is an inflated “boom-era” […]

What’s the Worst Home Price Haircut You’ve Found?

I received the following suggestion from a reader in an email with the subject: “Column Idea: Worst Haircut?” Here’s a fun property: 42905 SE 177th St in North Bend Sold in August 2003 for $570,000, then sold for the insane price of $725,000 in April 2007, only to get taken back by the bank in […]