Blogging Will Be Light This Week

We changed a whole bunch of things at Redfin today so blogging from me will be light. Read about our new site features and our service changes. Basically, you can now tour as much as you want and pick an agent up front.

If anyone has any juicy condo tips or something, email me.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts, floating homes and mid-century moderns.

For years Matt resisted becoming a real estate agent preferring to be an executive in the startup world but he recently caved in the spring of 2014 and became an agent.

You can also find Matt on Twitter or skiing.

  • Mike2

    Matt, you need an edge to keep this blog going.

  • Mike2

    Matt, you need an edge to keep this blog going.

  • Matthew

    I have yet to see anyone blog about the potential impact the vacancy of the largest downtown employer (WaMu) will eventually have on the Seattle condo market and the downtown economy as well.

  • Matthew

    I have yet to see anyone blog about the potential impact the vacancy of the largest downtown employer (WaMu) will eventually have on the Seattle condo market and the downtown economy as well.

  • Jason

    Congrats on the new features! Street View in particular is very cool, and the CDOM numbers are very helpful.

  • Jason

    Congrats on the new features! Street View in particular is very cool, and the CDOM numbers are very helpful.

  • Dan C

    Matthew…care to take a guess on how that will impact the condo market and economy?

    Worse than anyone could predict.

  • Dan C

    Matthew…care to take a guess on how that will impact the condo market and economy?

    Worse than anyone could predict.

  • Matthew

    Dan C,

    You know where I stand, I think downtown will be a bloodbath. Just somewhat surprised that no one in the blogosphere or REIC has addressed it.

  • Matthew

    Dan C,

    You know where I stand, I think downtown will be a bloodbath. Just somewhat surprised that no one in the blogosphere or REIC has addressed it.

  • Dan C

    Agreed…it is the nasty issue that everyone wants to avoid. Ever see the South Park episode where everyone hides their heads in the sand from global warming?

    I can tell you one thing, a deal for WaMu’s headquarters is already in the works and near done.

  • Dan C

    Agreed…it is the nasty issue that everyone wants to avoid. Ever see the South Park episode where everyone hides their heads in the sand from global warming?

    I can tell you one thing, a deal for WaMu’s headquarters is already in the works and near done.

  • EconE

    Dan C,

    That’s a huge building (WAMU). Is it a new “mega-tenant” or is it an owner that will be leasing “parts”?

  • EconE

    Dan C,

    That’s a huge building (WAMU). Is it a new “mega-tenant” or is it an owner that will be leasing “parts”?

  • Dan C

    Well, that is up in the air. A couple of months ago, Microsoft was the main candidate for a sale-leaseback, where they would buy the building and lease part of it back to JPMorgan/WaMu. Recent issues at MS have held this back.

    Apparently a large financial tenant out of Tacoma is now the main candidate. You can guess who that is.

  • Dan C

    Well, that is up in the air. A couple of months ago, Microsoft was the main candidate for a sale-leaseback, where they would buy the building and lease part of it back to JPMorgan/WaMu. Recent issues at MS have held this back.

    Apparently a large financial tenant out of Tacoma is now the main candidate. You can guess who that is.

  • Chelsea

    MIke2, could you elaborate on your comment:

    “Matt, you need an edge to keep this blog going.”

    What sort of “edge” are you looking for?

  • Chelsea

    MIke2, could you elaborate on your comment:

    “Matt, you need an edge to keep this blog going.”

    What sort of “edge” are you looking for?

  • Mike2

    Chelsea, the blog content is very HGTV 2006. That just doesn’t work anymore.

    I don’t know what edge Matt is inclined to take, but luxury and near luxury digs are going out quick.

    Either the focus needs to shift, or Matt’s going to be competing for the interest of the few hundred people still looking for a upscale urban abobe around downtown.

  • Mike2

    Chelsea, the blog content is very HGTV 2006. That just doesn’t work anymore.

    I don’t know what edge Matt is inclined to take, but luxury and near luxury digs are going out quick.

    Either the focus needs to shift, or Matt’s going to be competing for the interest of the few hundred people still looking for a upscale urban abobe around downtown.

  • ssilvy

    Dang, Dan, if that comes true and Russell moves to part of the ex-WAMU building, it’ll be a hell of a lot worse for Tacoma than it will be good for Seattle. Sigh.

  • ssilvy

    Dang, Dan, if that comes true and Russell moves to part of the ex-WAMU building, it’ll be a hell of a lot worse for Tacoma than it will be good for Seattle. Sigh.

  • uwp

    I would love it if Russell moved up here, but i have a hard time seeing it happen. They’ve got pretty nice digs down there.

    Although I just checked wiki and it says they have “outgrown their old headquarters.” Hmmmm.

  • uwp

    I would love it if Russell moved up here, but i have a hard time seeing it happen. They’ve got pretty nice digs down there.

    Although I just checked wiki and it says they have “outgrown their old headquarters.” Hmmmm.

  • Chris

    So, how is a Russell move to Seattle connected to the “bloodbath.”

    by bloodbath do you mean vacancy north of 20% for office? Or bloodbath meaning Escala’s developers go BK?

  • Chris

    So, how is a Russell move to Seattle connected to the “bloodbath.”

    by bloodbath do you mean vacancy north of 20% for office? Or bloodbath meaning Escala’s developers go BK?

  • Dan C

    uwp, they are already out of Tacoma…done deal. They are just deciding which building in Bellevue/Seattle will give them the best deal.

    Chris, Matthew I were alluding to the condo market. The commercial market will be hit hard, mainly in the new office buildings, but it will pull itself through.

  • Dan C

    uwp, they are already out of Tacoma…done deal. They are just deciding which building in Bellevue/Seattle will give them the best deal.

    Chris, Matthew I were alluding to the condo market. The commercial market will be hit hard, mainly in the new office buildings, but it will pull itself through.

  • EconE

    Chris I believe Matthew may be referring to the “Running of the Ballardites”.

    It is similar to the running of the bulls but instead of bulls, elderly Norwegians will be driving their bumper-sticker emblazoned Volvo 240’s throughout downtown, plowing down urban yuppies as we make our way back to our condos with our green Whole Foods bags in tote.

    Yeah…it will be a bloodbath.

  • EconE

    Chris I believe Matthew may be referring to the “Running of the Ballardites”.

    It is similar to the running of the bulls but instead of bulls, elderly Norwegians will be driving their bumper-sticker emblazoned Volvo 240’s throughout downtown, plowing down urban yuppies as we make our way back to our condos with our green Whole Foods bags in tote.

    Yeah…it will be a bloodbath.

  • Matthew

    Bloodbath in regards to residential, not commercial.

    I think the downtown condo market is setup for price declines of 40-50 percent in the next 3-5 years.

  • Matthew

    Bloodbath in regards to residential, not commercial.

    I think the downtown condo market is setup for price declines of 40-50 percent in the next 3-5 years.

  • The MD

    Matthew, I agree with you. Downtown prices are certainly going to decline a minimum of 30%, and I do believe we’ll see it exceed 40% in several instances.

  • The MD

    Matthew, I agree with you. Downtown prices are certainly going to decline a minimum of 30%, and I do believe we’ll see it exceed 40% in several instances.