Lots of houses for sale in Greenwood and Phinney

January 15th, 2009 · 7 Comments

A larger-than-usual number of houses went on the market this week in both Greenwood and Phinney Ridge.

Fifteen houses in Greenwood were listed on Tuesday, plus another 14 in Phinney. We usually see just a handful on any given day, not 29. All were listed on Tuesday.

Most of the Greenwood houses were in the low- to mid-$300’s. The cheapest listing was $225,000 for a 640-square-foot condo. The most expensive was $750,000 for two homes currently occupied by renters on a large, gated property.

Phinney homes range from $409,000 for a newly built 1,244-square-foot 3-bed, 3-bath condo with a view of Green Lake; to $1,198,000 for a 4,210-square-foot, 5-bed, 3-1/2-bath home with views of the Olympics and Puget Sound.

Tags: Uncategorized

7 responses so far ↓

1 Neighbor // Jan 15, 2009 at 3:22 pm

It’s very common, especially in today’s real estate environment, for agents to pull homes off the market for a short time and then re-list them to reset the “days on market” counter. This is especially true during the holiday season, which would explain the multitude of “new” listings.

What else do you got?
2 Alex // Jan 15, 2009 at 5:28 pm

Not a good sign, probably the fall out from all the recent layoffs
3 The Boss of You // Jan 15, 2009 at 10:18 pm

Actually, the days on market now has a counter that includes previous listings so no one is done any favors with it (mapped to tax ID, I suspect). This has been the case for approx. three years. I am surprised Neighbor hasn’t caught up with that fact.
4 SHEILA // Jan 16, 2009 at 8:15 am

Actually, you must look at CUMULATIVE DAYS ON MARKET, which does reset after 30 DAYS I think. These here still show as NEW LISTINGS even when the photos obviously were taken in the late summer or early fall!
5 SHEILA // Jan 16, 2009 at 8:19 am

I am so sorry it is 90 DAYS to reset the CDOM. Changes within 90 days reset the DOM. Ask to see the CDOM because Redfin and others don’t often show you it!
6 Maria // Jan 16, 2009 at 3:14 pm

Alex expect to see dozens more soon. Everyone is trying to beat the rush of spring. The price reductions are starting to be amazing. One particularly bad conversion in Ballard has dropped prices on their largest units by $220,000 and still closed on not a single one and I have seen houses dropped over $100,000 and also some selling for $100,000 less than they were purchased for in 2005.
7 SPG // Jan 16, 2009 at 5:35 pm

I’m not surprised to see a rush of houses on the market over the past week or so. How many houses normally get listed over the holidays? How many listings had to be delayed due to the horrible weather?
If we see this volume keep up over the next couple months then you might be on to something. I believe this is just an anomoly to correct for the holidays.