Disclaimer: I work at Redfin…
Unfortunately Redfin does not have a price reduction search feature yet. In the meantime there is still a way to find price reductions. This is how I do it.
- Go to Redfin, set your search options and set the map to cover the area you would like to see. In my case I’m looking for condos on Capitol Hill.
- Click ‘Save this search’
- Type in your search name and set your e-mail notification to something other than ‘Never’
- If you aren’t logged in to your Redfin account you will be prompted to login or create one
- Wait for the e-mails to roll in
Now every day/week/month you will receive an e-mail from Redfin and the e-mail will let you know when the status or price of a listing changes. This is helpful to track price reductions, when listings get sold, when listings that were in ’subject to inspection’ come back on the market, etc.
If you’re watching an area other than Capitol Hill feel free to send me the daily/weekly price reductions and I’ll post them for everyone here.
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3 responses so far ↓
1 Margaret Bailey // Nov 4, 2006 at 3:42 am
Hi Matt, I was doing some ‘comp’ shopping for boat slips, since we are considering selling our 40′ liveaboard, and I ended up reading your blog…you are a hoot kiddo! I am not interested in listing with an agent, but was wondering if you want to check out my boatslip for sale, or my waterfront condo. It’s in Craig’s List (4 photos) and the King County Journal (10 photos) and it is probably perfect for you and your boat. Sounds like you are having just too much fun! Aloha, Margaret PS. At 399K, this is a top floor corner unit fabulous Seattle waterfront condo. check it out!
2 Sea~Condos // Nov 4, 2006 at 3:22 pm
Matt,
I watch Belltown and Magnolia very closely. 2-3 times a week, I get an email update on listings in those areas. I regularly see price reductions in these areas. Either people are listing quite high to test the market, or the market is really slowing down. I think its the latter. Similar units that were being sold for 400K 8 months ago, are now selling for less. Also, I have been seeing quite a few units in Belltown selling in the $400/sf price range, which was unimaginable last year. I recall seeing units in the building Ellington sell in the $400/sf range.
3 Sea~Condos // Nov 5, 2006 at 9:24 pm
2607 Western Ave #207 ยท Belltown
Seattle, 98121
This unit is located in Belltown at the Vine building. Its been on the market for 47 days, and they just dropped the price by 20K! It was listed for 310K, and now its 290K! They offered a 3K buyer bonus to get it to this price. At 290K, and 714 square feet, that is only $406/sf!
Beds: 1
Baths: 1
Size: 714 sq. ft
$/Sq Ft: $406
Year Built: 2002
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