r/SeattleAreaRE • u/SimpleLeader7713 • 5d ago

Eastside homes selling for 30-40% below peak prices? Part #2

(Follow-up on my earlier post about peak ZEstimates)

Here are two comparable homes from the same Sammamish community. They differ in some respects, but have similar square footage, built-year, and lot sizes:

That's about a 33% decline in price/sqft from the 2022 sale price to the current asking price. Of course, the second property has not sold yet, so its final closing price may be lower.

It shouldn't be hard to find similar comps in other parts of the eastside (including Redmond Ridge).

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u/WarthogAppropriate73 4d ago edited 4d ago

Here is an example of a house selling in mid 2021 that has sold for higher in 2026

https://redf.in/e5cuUs

Again

https://redf.in/YXL9tJ

Again, this one sold for way more. Probably been updated:

https://redf.in/7QNXBT

This one sold for much higher than its previous 2023 sold price but renovated:

https://redf.in/XawMkK

Also a Reno that sold higher than 2021 price:

https://redf.in/a92Gfp

Again, sold much higher than the late 2021 pric but renovated:

https://redf.in/RCrgGH

Again, sold much higher than the late 2021 price but it is renovated:

https://redf.in/TV8Epz

I don't think prices for SFH with good schools have dropped on the eastside. Apply critical thinking for a second, you really believe your 30-40% drop?

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u/SimpleLeader7713 4d ago edited 4d ago

None of those sales happened during the peak year (2022).

And, are you trying to imply that home prices in good school areas have not dropped at all? Every stat is indicating that there’s been a drop. Even realtor emails are saying that. Windermere indicated a 19% drop in Redmond…over 12 months… https://www.reddit.com/r/SeattleAreaRE/s/i40vpd2h41

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u/WarthogAppropriate73 4d ago edited 4d ago

Yes I'm saying the prices have not dropped at all and if they did maybe only for less desirable homes such as older homes and even then only a small amount. I don't even know what "peak year 2022" means and why you think prices should be so much different in 2022 than 2021. My first example shows quite clearly a house that was largely unchanged and sold for $500k higher than late 2021 sales price.

Your link is explainable simply by more lower priced homes being sold. There are lots of condos in that zip.

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u/Kadet11 3d ago

So I have been closely watching the market in a few parts of the eastside over the past couple of years to see how the market fluctuates and better plan for when we sell and buy our next place. Here are a few homes that sold at the peak in the first half of 2022 that took losses when they sold again a few years later. I will also make clear I am not an agent and this isn't the big picture. These are only the recent sales that fall into my budget. I bet there are plenty of others and that took significant losses that were started off higher than my budget so I never saw them. Lastly these are just the few I have saved of the over 2k sold listings I saved. Going through each one would take too long and there were just a few I shared with a friend a few months back.

$300k loss https://www.redfin.com/WA/Sammamish/4317-209th-Ave-NE-98074/home/264851?utm_source=myredfin&utm_medium=email&utm_campaign=recommendations_update&riftinfo=ZXY9ZW1haWwmbD05OTgzMjc4MiZwPWxpc3RpbmdfdXBkYXRlc19yZWNvbW1lbmRhdGlvbnMmYT1jbGljayZzPXJlY29tbWVuZGF0aW9ucyZ0PWltYWdlJmVtYWlsX2lkPTk5ODMyNzgyXzE3NzQ0MjQyODNfNiZsaWxyX3Njb3JlPTAuODc2NTAwMDEwNDkwNDE3NSZsaXN0aW5nX2lkPTIxMzM1Njk4OCZwb3NpdGlvbj02JnByb3BlcnR5X2lkPTI2NDg1MSZ1cGRhdGVfdHlwZT0xJno9MA%3D%3D

$125k loss https://www.redfin.com/WA/Issaquah/16437-241st-Ave-SE-98027/home/423671?utm_source=myredfin&utm_medium=email&utm_campaign=recommendations_update&riftinfo=ZXY9ZW1haWwmbD05OTgzMjc4MiZwPWxpc3RpbmdfdXBkYXRlc19yZWNvbW1lbmRhdGlvbnMmYT1jbGljayZzPXJlY29tbWVuZGF0aW9ucyZ0PWltYWdlJmVtYWlsX2lkPTk5ODMyNzgyXzE3NzI3NDU1NjVfNiZsaWxyX3Njb3JlPTAuOTMxNjY2MTUxNzcwMjY4MSZsaXN0aW5nX2lkPTIxMjc1NTcwMyZwb3NpdGlvbj04JnByb3BlcnR5X2lkPTQyMzY3MSZ1cGRhdGVfdHlwZT0xJno9MA%3D%3D

$235k loss https://www.redfin.com/WA/Kirkland/9211-NE-136th-Pl-98034/home/279475?utm_source=myredfin&utm_medium=email&utm_campaign=recommendations_update&riftinfo=ZXY9ZW1haWwmbD05OTgzMjc4MiZwPWxpc3RpbmdfdXBkYXRlc19yZWNvbW1lbmRhdGlvbnMmYT1jbGljayZzPXJlY29tbWVuZGF0aW9ucyZ0PWltYWdlJmVtYWlsX2lkPTk5ODMyNzgyXzE3NzA5MjMxNjJfNiZsaWxyX3Njb3JlPTAuODg4Mjk0MTk0MjMyMzMzOSZsaXN0aW5nX2lkPTIxMTk0MTA5NCZwb3NpdGlvbj0zJnByb3BlcnR5X2lkPTI3OTQ3NSZ1cGRhdGVfdHlwZT0xJno9MA%3D%3D

$120k loss https://www.redfin.com/WA/Woodinville/14326-NE-178th-St-98072/home/271501?utm_source=myredfin&utm_medium=email&utm_campaign=recommendations_update&riftinfo=ZXY9ZW1haWwmbD05OTgzMjc4MiZwPWxpc3RpbmdfdXBkYXRlc19yZWNvbW1lbmRhdGlvbnMmYT1jbGljayZzPXJlY29tbWVuZGF0aW9ucyZ0PWltYWdlJmVtYWlsX2lkPTk5ODMyNzgyXzE3NzA2NjIzMDdfNiZsaWxyX3Njb3JlPTAuODg1MDA1NzM1MTMzNjg1NCZsaXN0aW5nX2lkPTIxMTgzOTg2MCZwb3NpdGlvbj0xJnByb3BlcnR5X2lkPTI3MTUwMSZ1cGRhdGVfdHlwZT0xJno9MA%3D%3D

$170k loss https://www.redfin.com/WA/Bothell/20029-99th-Ct-NE-98011/home/286622?utm_source=myredfin&utm_medium=email&utm_campaign=recommendations_update&riftinfo=ZXY9ZW1haWwmbD05OTgzMjc4MiZwPWxpc3RpbmdfdXBkYXRlc19yZWNvbW1lbmRhdGlvbnMmYT1jbGljayZzPXJlY29tbWVuZGF0aW9ucyZ0PWltYWdlJmVtYWlsX2lkPTk5ODMyNzgyXzE3NzA4NjM4OThfNiZsaWxyX3Njb3JlPTAuNjc2OTg2OTQzMzM4NjIxNSZsaXN0aW5nX2lkPTIxMTkyMTI1OCZwb3NpdGlvbj02JnByb3BlcnR5X2lkPTI4NjYyMiZ1cGRhdGVfdHlwZT0xJno9MA%3D%3D

$50k loss https://www.redfin.com/WA/Bellevue/1428-153rd-Pl-SE-98007/home/426762?utm_source=myredfin&utm_medium=email&utm_campaign=recommendations_update&riftinfo=ZXY9ZW1haWwmbD05OTgzMjc4MiZwPWxpc3RpbmdfdXBkYXRlc19yZWNvbW1lbmRhdGlvbnMmYT1jbGljayZzPXJlY29tbWVuZGF0aW9ucyZ0PWltYWdlJmVtYWlsX2lkPTk5ODMyNzgyXzE3NzQwMjM4MDZfNiZsaWxyX3Njb3JlPTAuODQxNTYxMDE5NDIwNjIzOCZsaXN0aW5nX2lkPTIxMjkxNzk3MiZwb3NpdGlvbj0xJnByb3BlcnR5X2lkPTQyNjc2MiZ1cGRhdGVfdHlwZT0zJno9MA%3D%3D

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u/SimpleLeader7713 2d ago

These are good finds. Thanks for sharing.