CHESSNOID

I have been getting Redfin emails sent to me for the longest time.  When I first signed up I think they only covered Seattle and San Francisco.  Since then, they have expanded to other areas, but those are the main areas I am interested.  Correction, I do get emails for the Long Beach and San Diego areas too.

In the last email I received it showed a sold property.  I wasn’t aware they did this but I find this email even more useful.  I have been watching the studio prices fall in Seattle but this a sold property in Alki  Beach.  That is actually a nice area I have visited and considered living.  I am cutting and pasting pictures and assume this is OK since these are public records and on the internet already.

Anyways, that seems like a great price for $131,000 especially in that area.  You can walk to the local beach or take a ferry/bus to downtown Seattle in 20-30 minutes.  I personally think this buyer got a  great deal.

What’s more amazing are the recent comps sold in Seattle.  This was really exciting to me because I saw a Montreux studio sold for only $100,000 in Seattle.  I remember literally walking by there when I visited 2 years ago.  It is in a great location and close to everything. You can walk to Pike’s Place or to the Olympic Sculpture Park.

I do realize it is only 354 square feet but it would serve my needs as a place to stay for a few months a year.  The market seems to be changing in one of the cities I love to visit.  Buying a second place may become a real option at these prices.

Again, all this information is of public record, so I hope I am not revealing information people may think is private.  The sold condos with no pictures I always assume are Bank REOs and not true sales.  Don’t know if that is true but that is my guess. While, the ones with pictures are the real sales.  I do love condo shopping by email.  I wonder if the prices will go much lower?