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Daniel Bretzke's Blog

By Daniel Bretzke | Broker in Seattle, WA

Sold and Pending houses since first of year in Rainier Beach

Sold and Pending House Since first of year in Rainier Beach

Sold Activity since the first of the year

Seven house have been sold.
The lowest was $160,00 which the last list price was 169,000. The house started off last year at almost twice that much. The owner wanted to sell it so he could build a new house for himself next door. This house was not a short sale or foreclosure, but it did need some work, but not enough that it did not pass a FHA inspection. Small lot, big cute older house, with a small view of the lake this house sets the low end of the market.

The highest was sold for $267,999, the last list price was $280,000. It started off last year at $335,475. It was originally listed in 2007 for $405,00. This was at the height of the real estate boom, but it never sold. This home sold right after the first of the year. This house needed some updates, but was livable. This home set the high end at the first of the year.

There are 8 home pending sale. These are interesting as there is a mix of very nice homes waiting for a short sale to close, or fixer houses that need inspections or work orders. The prices range from $124,000 to $514,900. This range in pricing and in housing type indicates that there are all types of buyers looking, and they are starting to say, this is the bottom, time to buy.

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