Please, Please Won’t You Buy Me?

Some homes are not priced to sell in this market. Slowly, people are figuring it out. Will lowering the sale price by $500 entice buyers? I think it really depends on the market, price range and location. Steve Tytler of the The Herald in Everett has his own opinions on this subject.  

You tell us. Do these price reductions entice you to break out the checkbook? Some of these are funny, others are spot on and the rest may require more professional opinions.  

8410 SE 47th Pl, Mercer Island
UP $999 to $999,999 (We know, $1 million is a scary number)
Perhaps it was a typo, but the sale price went from 1,075,000 to 999,000 then back up to just one dollar short of a million. Not sure where this is headed, but I’m pretty confident someone shopping on Mercer Island with an upper six-figure budget is not likely to care about one dollar. Just a thought.  

6024 123rd Ave SE, (Newport) Bellevue
Down $20,000 to $459,000
Folks, this home is back on the market. After a quick stint of off market status, this beautifully remodeled four bedroom and 2.5 bathroom home located in the Newport Hills is serious about finding a buyer and dropped the price well below comparable homes in the neighborhood. Spot on 6024!
Ed note: This is a bank-listed foreclosure. Emphasize the “serious about finding a buyer” comment.   

833 SW Sunset Blvd #55, Renton
Down $950 to $239,000
At first glance, the price reduction seemed like a pittance, but the three bedroom and 2.5 bathroom home is priced in the sweet spot for many first time homebuyers looking for spacious digs without the steep price tag.  The medium price estimate for this home according to Zillow.com is $228,500. So, maybe this townhouse has a few more price reductions to go.

 10824 SE 170th St #B-105, Renton
$195,000
No price reduction here, but I had to share this deal with you. The two bedroom and two bathroom condo just came back on the market, and with this low price, it’s sure to capture the intention of a savvy investor. The condo has been on the market for more than 117 days, (might be getting a little desperate) and features fully upgraded appliances and furnishings.