{"id":2473,"date":"2008-08-19T11:43:49","date_gmt":"2008-08-19T18:43:49","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=2473"},"modified":"2008-09-09T19:53:35","modified_gmt":"2008-09-10T02:53:35","slug":"prices-flopping-all-across-the-eastside","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/08\/19\/prices-flopping-all-across-the-eastside\/","title":{"rendered":"Prices Flopping all Across the Eastside"},"content":{"rendered":"<p>Prices may be holding up somewhat in the neighborhoods close to downtown Seattle, but the Eastside apparently is not so lucky.  <a href=\"http:\/\/seattlebubble.com\/blog\/2008\/08\/18\/july-neighborhoods-months-of-supply-update\/\" title=\"July Neighborhoods Months of Supply Update\">With nearly eight &#8220;months of supply&#8221;<\/a> the downward pressure is mounting on home prices east of the lake.<\/p>\n<p>I&#8217;d like to highlight an excellent thread over in the forums, where prolific Seattle Bubble poster &#8220;EastSider&#8221; has been diligently digging through the listings to dig up <a href=\"http:\/\/seattlebubble.com\/forum\/viewtopic.php?f=1&#038;t=1434\" title=\"Seattle Bubble Forums: Eastside Flops\">dozens and dozens of flops on the Eastside<\/a>.<\/p>\n<p>Here are a couple of gems from the thread:<\/p>\n<p><b>Bothell<\/b> &#8211; <a href=\"http:\/\/www.redfin.com\/WA\/Bothell\/16624-38th-Ave-SE-98012\/home\/11880373\/\" title=\"16624 38th Ave SE Bothell, WA 98012\">16624 38th Ave SE<\/a>:<br \/>\n<span style=\"padding-left: 30px;\">Sold June 2006 for $521,990<\/span><br \/>\n<span style=\"padding-left: 30px;\">Currently Asking $449,950<\/span><br \/>\n<span style=\"padding-left: 30px;\">On the market 100+ days<\/span><\/p>\n<p><b>Kenmore<\/b> &#8211; <a href=\"http:\/\/www.redfin.com\/WA\/Kenmore\/19914-83rd-Pl-NE-98028\/home\/8186542\" title=\"19914 83rd Pl NE Kenmore, WA 98028\">19914 83rd Pl NE<\/a>:<br \/>\n<span style=\"padding-left: 30px;\">Sold December 2005 for $460,639<\/span><br \/>\n<span style=\"padding-left: 30px;\">Currently Asking $410,000<\/span><br \/>\n<span style=\"padding-left: 30px;\">On the market <b>350+ days<\/b><i>(!!!)<\/i><\/span><\/p>\n<p><b>Snoqualmie<\/b> &#8211; <a href=\"http:\/\/www.redfin.com\/WA\/Snoqualmie\/8075-Silva-Ave-SE-98065\/home\/483643\" title=\"8075 Silva Ave SE Snoqualmie, WA 98065\">8075 Silva Ave SE<\/a>:<br \/>\n<span style=\"padding-left: 30px;\">Sold May 2006 for $369,500<\/span><br \/>\n<span style=\"padding-left: 30px;\">Currently Asking $299,950<\/span><br \/>\n<span style=\"padding-left: 30px;\">On the market 200 days<\/span><\/p>\n<p><b>Bellevue<\/b> &#8211; <a href=\"http:\/\/www.redfin.com\/WA\/Bellevue\/16617-SE-31st-St-98008\/home\/429573\" title=\"16617 SE 31st St Bellevue, WA 98008\">16617 SE 31st St<\/a>:<br \/>\n<span style=\"padding-left: 30px;\">Sold October 2005 for $510,000<\/span><br \/>\n<span style=\"padding-left: 30px;\">Currently Asking $519,900 <i>(originally listed in March at $575,000)<\/i><\/span><br \/>\n<span style=\"padding-left: 30px;\">On the market 150+ days<\/span><\/p>\n<p><b>Bellevue<\/b> &#8211; <a href=\"http:\/\/www.redfin.com\/WA\/Bellevue\/1015-110th-Ave-SE-98004\/home\/510071\" title=\"1015 110th Ave SE Bellevue, WA 98004\">1015 110th Ave SE<\/a>:<br \/>\n<span style=\"padding-left: 30px;\">Sold December 2006 for $740,000<\/span><br \/>\n<span style=\"padding-left: 30px;\">Currently Asking $629,950<\/span><br \/>\n<span style=\"padding-left: 30px;\">On the market 19 days<\/span><\/p>\n<p>What kind of flops have you been seeing out there?  Are there any neighborhoods where a return to 2005 prices is enough to convince you to jump in?  Be sure to check out the <a href=\"http:\/\/seattlebubble.com\/forum\/viewtopic.php?f=1&#038;t=1434\" title=\"Seattle Bubble Forums: Eastside Flops\">original forum thread<\/a> for many more examples from all over the Eastside.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices may be holding up somewhat in the neighborhoods close to downtown Seattle, but the Eastside apparently is not so lucky. With nearly eight &#8220;months of supply&#8221; the downward pressure is mounting on home prices east of the lake. I&#8217;d like to highlight an excellent thread over in the forums, where prolific Seattle Bubble poster&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[206],"tags":[347,382],"coauthors":[],"class_list":["post-2473","post","type-post","status-publish","format-standard","hentry","category-features","tag-flip","tag-flops"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Prices Flopping all Across the Eastside \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2008\/08\/19\/prices-flopping-all-across-the-eastside\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Prices Flopping all Across the Eastside \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Prices may be holding up somewhat in the neighborhoods close to downtown Seattle, but the Eastside apparently is not so lucky. With nearly eight &#8220;months of supply&#8221; the downward pressure is mounting on home prices east of the lake. 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