{"id":7365,"date":"2009-09-26T18:02:32","date_gmt":"2009-09-27T01:02:32","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=7365"},"modified":"2009-09-26T18:02:32","modified_gmt":"2009-09-27T01:02:32","slug":"are-seattle-list-prices-especially-unrealistic-compared-to-other-cities","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/09\/26\/are-seattle-list-prices-especially-unrealistic-compared-to-other-cities\/","title":{"rendered":"Are Seattle List Prices Especially Unrealistic Compared to Other Cities?"},"content":{"rendered":"<p>Here&#8217;s a weekend data quickie for you.  I just finished up a series of posts <a href=\"http:\/\/blog.redfin.com\/seattle\/2009\/09\/september_cityneighborhood_price_reductions.html\" title=\"September City\/Neighborhood Price Reductions\">regarding price reductions<\/a> on Redfin&#8217;s ten local blogs around the country, and I noticed something interesting in the data.<\/p>\n<p>The data they sent me is pulled directly from their database, and so includes MLS, FSBO and REO listings.  We calculated the total percent of all listings in each city\/town and neighborhood that were price-reduced at some point before leaving the market (either sold or removed unsold from the market) in the past 90 days. Cities\/towns or neighborhoods in which the number of homes taken off the market was too small to provide believable estimates are excluded from ranking.<\/p>\n<p>In the table below I have simply posted the median price-reduced ratio for each market&#8217;s cities\/towns and neighborhoods. (Click a column header to sort.)<\/p>\n<table class=\"sortable\">\n<tr>\n<th style=\"width: 100px;\">Metro Area<\/th>\n<th style=\"width: 100px;\">Cities\/Towns<\/th>\n<th style=\"width: 100px;\">Neighborhoods<\/th>\n<\/tr>\n<tr>\n<td>Boston<\/td>\n<td>47.1%<\/td>\n<td>48.6%<\/td>\n<\/tr>\n<tr>\n<td>Chicago<\/td>\n<td>52.0%<\/td>\n<td>48.0%<\/td>\n<\/tr>\n<tr>\n<td>Los Angeles<\/td>\n<td>31.1%<\/td>\n<td>36.9%<\/td>\n<\/tr>\n<tr>\n<td>New York<\/td>\n<td>38.4%<\/td>\n<td>31.9%<\/td>\n<\/tr>\n<tr>\n<td>Orange County<\/td>\n<td>36.1%<\/td>\n<td>37.0%<\/td>\n<\/tr>\n<tr>\n<td>San Diego<\/td>\n<td>30.2%<\/td>\n<td>28.0%<\/td>\n<\/tr>\n<tr>\n<td>San Francisco<\/td>\n<td>35.1%<\/td>\n<td>33.3%<\/td>\n<\/tr>\n<tr>\n<td>Sacramento<\/td>\n<td>25.5%<\/td>\n<td>27.7%<\/td>\n<\/tr>\n<tr style=\"background: #CCFFCC;\">\n<td>Seattle<\/td>\n<td>52.1%<\/td>\n<td>47.7%<\/td>\n<\/tr>\n<tr>\n<td>Washington, DC<\/td>\n<td>50.2%<\/td>\n<td>44.9%<\/td>\n<\/tr>\n<\/table>\n<p>Note that Seattle cities\/towns have the largest median price-reduced ratio among Redfin&#8217;s markets, and Seattle-area neighborhoods rank third, less than a full percentage point below the #1 slot.<\/p>\n<p>Compared to Redfin&#8217;s California markets, Seattle sellers seem especially unrealistic.  I just thought this data was an interesting look at the psychology of sellers here and around the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a weekend data quickie for you. I just finished up a series of posts regarding price reductions on Redfin&#8217;s ten local blogs around the country, and I noticed something interesting in the data. The data they sent me is pulled directly from their database, and so includes MLS, FSBO and REO listings. We calculated&#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":[8],"tags":[591,161,82,200],"coauthors":[],"class_list":["post-7365","post","type-post","status-publish","format-standard","hentry","category-stats","tag-list-price","tag-price-drops","tag-redfin","tag-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Are Seattle List Prices Especially Unrealistic Compared to Other Cities? \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\/2009\/09\/26\/are-seattle-list-prices-especially-unrealistic-compared-to-other-cities\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Are Seattle List Prices Especially Unrealistic Compared to Other Cities? \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Here&#8217;s a weekend data quickie for you. I just finished up a series of posts regarding price reductions on Redfin&#8217;s ten local blogs around the country, and I noticed something interesting in the data. The data they sent me is pulled directly from their database, and so includes MLS, FSBO and REO listings. 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