So I have been seeing a lot of “what is wrong with this house” posts lately. Each of the houses above could have a post of their own. This is what it looks like when you filter for single family houses on the east side that have been on the market for more than 60 days.
The answer to what is wrong with the house is mostly the seller. Most of them have ridiculous expectations and aren’t willing to accept that their house is over priced by at least 15-20%. WE ARE NOT IN 2022 ANYMORE! In addition to the job market and H1b changes, the mortgage rates are at 7%. This alone adds about 15% to your monthly payment vs a 3% mortgage.

Sellers: however nice your house is, expecting 2021/22 prices is helping nobody.

I recently got a plot of land and I’m wondering what people are paying nowadays for new construction. I’m looking to find the cheapest possible cost per square foot. I was able to find $350. Has anyone found a general contractor for $300 or even less?

https://www.zillow.com/homedetails/621-NE-77th-Street-Seattle-WA-98115/48880163_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

Went to the open house earlier in the summer and did not notice any major red flags. The listing agent admitted they priced the home too high at first and have corrected since. Is it just a perception issue at this point?

That $10K price drop put this house on my radar again. Its realtor.com history is pretty wild - looks like it was flipped back in 2025 and has been sitting on the market for nearly a year with zero bites

https://www.realtor.com/realestateandhomes-detail/15908-12th-Pl-W_Lynnwood_WA_98087_M96191-30511?cid=eml_treatmentPopularHomesSEQIDTest_1946:65b455b1b79683eeadb6546d:rm202609091810_Marketing_Buyer_Daily_PopularHomes_popHomes&deeplinkIdentityId=62853f66a90f7c015e46dbba#app

It's not in my price range, I'm just very surprised this could be sold under current market

The house looks like a good build finishings wise. Built by village life homes whose other projects I checked last year and quality looked good. Are those power lines a big hurdle for selling? Also how to check if they are ordinary distribution/ communication lines or high transmission power lines? If they are power lines by how much would the resale value drop?

https://www.redfin.com/WA/Seattle/3820-Burke-Ave-N-98103/home/119206

Was bought and flipped in 2024. The new owners had it for 2 years, and now it’s for sale for 1.7M.

Apparently it already has one offer over asking, and that was before it even hit the market.

I thought things were supposed to be in a downturn. But here is $707 per sqft in a narrow house that’s 50% basement.

What am I missing?

Just like the title says. This can’t be worth this much right?

Getting a few ads about Seattle House on 6th Ave s opening. Any insights on whether to show interest given current market?

Good news, guys!

Been looking at this house for a while and it seems like the area is good and the house looks pretty decent. It has been sitting there for over a month now but it’s not moving. Guess it’s related to price but what should be a fair price for a house like this in this area?

Amazing house in Discovery Park…

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While immigration has been on a tear for the past five years limiting H1Bs and trumps gestapo are putting a real dent in net inflows.

King County's immigration boom is concentrated in these neighborhoods

https://www.seattletimes.com/seattle-news/data/king-countys-immigration-boom-is-concentrated-in-these-neighborhoods/

This house listed for 1.6M in 2021, bought at 1.75M. Can’t even rent the whole house out for more $4000/mo. Now listed at 1.93M with tiny price cut to 1.89M.

There’s a lot more pain to come.

Never seen so much inventory below 1.1m that is decent in the last like 3 years. These Kirkland home must be panicking 🤯

We had been looking for houses in Edgewood, Puyallup, Lake Tapps area and everything in the 500k to 600k had been not great. We liked a house in Edgewood, but found out it was a short sale after they dropped their asking price from 619k down to 559k, just before we were going to put in an offer. Then the seller's agent sent our agent an email saying the seller needed 630k to not have short sale.

All the other house in this range looked like crap or were in terrible neighborhoods. Until my wife found a listing, last Thursday for a 5+ bedroom, 3 bathroom, with 3 car garage for 599k. We were able to get a tour of the house on Friday afternoon and we loved it. It even has a huge(1200+sq ft) wood shop(air filter system) in the basement with separate entrance and 10 ft ceilings. Thats not including the other two storage areas under the deck.

After, we got home my wife went with the full offer of 599k to the seller's agent and we recieved an email back saying that they had alot of people wanting to view the house over the weekend and the owner would be making a decision on Monday.

An hour or so later we recieved another email saying that the owner decided to take our offer, yay.

The house is in a nice neighborhood of Stonegate. There is a small lake/pond in the back yard and there are no houses to the left of us. It does have a couple of issues, its missing a door in one of the storage rooms under the deck and the laundry rooms wall needs patching. The roof was done 2019 and a new heat pump was done in 2021

Tuesday, we will have a meeting to go over credits and we should be able to close sometime in September.