Comments on: Which Cities, Towns, and Neighborhoods have the most price reductions?

By: Which Neighborhoods Have the Fastest Price Reductions? | Redfin Seattle Sweet Digs

Mon, 17 Nov 2008 21:14:31 +0000

[...] Northwest Everett made this month’s top ten neighborhoods with the most price-reduced listings and the fastest price [...]

By: David Losh

David Losh — Sat, 15 Nov 2008 20:38:54 +0000

Good Morning!

Tim I just noticed that radfun has imprinted your graphs with the radfun logo. If they purchased the graphs that would be OK, but I have a feeling they just stamped them as thier own property. Maybe you chose to stamp them.

The point is that in my opinion your over all set of charts and graphs along with a time line are valuable. Before you sign away rights you should check on trademark and patents.

Either way, the very fact your name is here is extremely valuable to radfun, they should pay. $200K should be the signing bonus.

By: Mike Stewart, Downtown Vancouver Realtor

Mike Stewart, Downtown Vancouver Realtor — Thu, 13 Nov 2008 06:17:39 +0000

Great data! Its interesting to compare the real estate markets of Vancouver, BC and Seattle. I am Vancouver Realtor and our market is starting to see prices coming down.

By: David Losh

David Losh — Wed, 12 Nov 2008 15:30:45 +0000

Goodness, let’s take a look at this web site shall we?

By: Redfin Bubble to burst? » 360Digest

Redfin Bubble to burst? » 360Digest — Mon, 10 Nov 2008 18:41:13 +0000

[...] But the most curious thing they’ve done is hire Bubble-Blogger Tim to write for their Sweet Digs blogs. [...]

By: Chris Schreiber

Chris Schreiber — Fri, 07 Nov 2008 20:43:32 +0000

Good analysis of the stats but it would be great to have some more insight into the derivation of the stats. In other words, do these list/sale ratios take into consideration listings of one property by multiple agents over extended periods, or just the most recent list compared to the actual closed sale price?
The chart mentioned “before being removed from the market”? Does that mean that the ratio reflects the original list price versus the final list price when the proeprty was pulled off the market? If so that might be part of the reason for the double digit differences. Over here (North Idaho) you’ll see folks “test the market” and often list for high prices on the off chance someone comes along and pays more that it’s worth … also known as the “greater fool theroy”. I wonder if your stats are reflecting that too?

Just my thoughts …

By: Richard

Richard — Fri, 07 Nov 2008 06:33:04 +0000

Hi Tim, Would like more info on the Bellingham
Fairhaven area. Whats going on around there and
why.
Thanks, Richard

By: mike

mike — Fri, 07 Nov 2008 01:24:35 +0000

East Queen Anne??

Happy Valley is not a “Seattle” area …

By: Softwarengineer

Softwarengineer — Thu, 06 Nov 2008 17:40:09 +0000

GREETINGS TIM:

Your charts remind me of the Seattle Bubble ones you posted about a month or two ago.

I blogged then and I’ll blog now, “Buy Now Before the Price Collapses”….lol

By: WaileaKid

WaileaKid — Thu, 06 Nov 2008 07:09:42 +0000

Thanks you redfin for bringing in Tim to write this blog. Good post Tim. One thing would be interseting to see: how does the price reduction and consuption rate is related. Do the areas with least price reductions are also the areas with lowest months of supply?