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06-06-2008, 10:40 AM
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Real Estate Agent
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Join Date: Nov 2006
3,425 posts, read 2,516,166 times
Reputation: 975
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This thread sounds exactly like the Sacramento/San Diego/L.A./Orange Co. real estate market threads from about a year and a half to two years ago.
According to the charts I've looked at, the Seattle market has been almost an exact mirror of San Diego, but 17 months behind.
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06-06-2008, 12:30 PM
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City-Data Addict
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Join Date: May 2008
Location: Austin, TX!!!!
1,799 posts, read 993,887 times
Reputation: 461
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Best Cities For Home Sellers - Forbes.com
Less than two months ago, Seattle made Forbes list of best places to sell a house. There is a big difference between here and Southern California. I would be shocked if at least in the City of Seattle, houses drop in price the way they have in those markets.
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06-06-2008, 03:25 PM
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Member
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Join Date: May 2008
Location: Astoria, Oregon
13 posts, read 10,494 times
Reputation: 13
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With regards to SEA market mimicing SD, oh I agree.
And I was just looking at a gorgeous house in SD yesterday that sold in April 2006 for $928k and is now listed for $658k. And there are a ton like this out there.
This is what happens when every Tom, Dick and Larry are buying $8-900k homes when their median income is $78k. Does not compute. Or pencil. These markets MUST adjust. Seattle is seeing it now and I think we have another year of corrections head of us.
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06-06-2008, 03:32 PM
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Senior Member
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Join Date: Nov 2007
732 posts, read 439,441 times
Reputation: 568
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One thing to keep in mind is that everyone likes sunshine and being outdoors so no one actually wants to live in seattle.
You can rep me if that helped.
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06-06-2008, 03:43 PM
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is now known as Seattlerightnow
Status:
"pie pie pie pie"
(set 2 days ago)
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Join Date: Mar 2008
Location: WA
1,866 posts, read 1,130,778 times
Reputation: 733
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Quote:
Originally Posted by Beena
One thing to keep in mind is that everyone likes sunshine and being outdoors so no one actually wants to live in seattle.
You can rep me if that helped.
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Yup, there's 3 million people there, all wishing that they lived in the glorious land of Texas instead. |
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06-06-2008, 03:57 PM
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Senior Member
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Join Date: Nov 2007
Location: Everett, Wa
601 posts, read 444,651 times
Reputation: 626
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Quote:
Originally Posted by seattlenextyear
Yup, there's 3 million people there, all wishing that they lived in the glorious land of Texas instead.
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Ha! it is to laugh!!!!! (Not!) |
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06-06-2008, 04:02 PM
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Real Estate Agent
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Join Date: Nov 2006
3,425 posts, read 2,516,166 times
Reputation: 975
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But here's what puzzles me:
Seattle is doing much better than King County as a whole, and I understand that as people want to live closer in, and that Seattle has a vibrant downtown....But Ballard really is not THAT close to downtown, yet it has been so revitalized in recent years and has great restaurants now and pricey housing, but the Highland Park area of West Seattle is at least as close to downtown as Ballard yet has not seen much revitalization in terms of neighborhood...they've built some new housing, but it's perception as a neighborhood hasn't changed. 20 years ago Ballard was pretty decrepit, and still retains some elements of that, but how/why did it become the neighborhood of choice, and are there similar neighborhoods in San Diego, and how have they fared compared to the rest of the SD area?
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06-06-2008, 04:19 PM
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Oh, yeah!
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Join Date: Nov 2007
Location: Warm, sunny Iraq.
2,089 posts, read 1,580,226 times
Reputation: 1161
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06-06-2008, 04:34 PM
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Senior Member
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Join Date: May 2008
Location: seattle
1,427 posts, read 1,118,576 times
Reputation: 1203
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Quote:
Originally Posted by Ira500
the Highland Park area of West Seattle is at least as close to downtown as Ballard yet has not seen much revitalization in terms of neighborhood...they've built some new housing, but it's perception as a neighborhood hasn't changed. 20 years ago Ballard was pretty decrepit, and still retains some elements of that,
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We just moved to west Seattle, really by accident. We also looked at some housing in Ballard but it was so absurdly expensive, not nearly as pretty, and I didn't really see why having a Fred Meyer within walking distance was worth an extra $500 a month. meh.
I really like west Seattle by accident, it's enormously beautiful (have no idea where the Highland Park area is), but my biggest grievance with west Seattle is their overwhelming objection to any kind of commercial development. This would be an even better place to live if they allowed more commercial business even on a small scale. They're completely anti development here.
I'd be thrilled, and I'll bet a lot of other people would too, if W. Seattle allowed more mom-and-pop corner stores, restaurants, retail community type business. Seems like residential condos are the only projects that can get by the we've-been-here-forever-and-like-it-this-way stick in the mud west Seattleites. Shame really, this could be a much more thriving area instead of just a bedroom community.
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06-06-2008, 04:37 PM
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Senior Member
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Join Date: Oct 2007
2,328 posts, read 1,725,522 times
Reputation: 942
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Quote:
Originally Posted by seattlenextyear
Yup, there's 3 million people there, all wishing that they lived in the glorious land of Texas instead.
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I'm certainly wishing that they were all in Texas... |
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