Comments on: Housing: Back to 2000 http://www.creativeclass.com/_v3/creative_class/2009/05/27/housing-back-to-2000/ The source on how we live, work and play Wed, 07 Dec 2011 18:10:07 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Michael Wells http://www.creativeclass.com/_v3/creative_class/2009/05/27/housing-back-to-2000/comment-page-1/#comment-12780 Michael Wells Fri, 29 May 2009 05:28:36 +0000 http://www.creativeclass.com/_v3/creative_class/?p=11562#comment-12780 I'm not sure I'm reading it right, but the Case-Shiller chart on the Salmon article looks like it's up about 30% from 2002 nationally. Zillow shows Portland up 75% since 2000 and about 60% since 2002, even after a roughly 20% drop. A house on our street just sold for about 15% over its Zillow estimate, which is consistent with sales price vs Zillow ratios 3-4 years ago for this neighborhood. I'd guess it was full asking price, it's a good basic house but lots of deferred maintenance. A friend not in our neighborhood sold her house in weeks, got 2 offers above her asking price, again for more than the Zillow estimate. Am I in denial or an alternate reality? I’m not sure I’m reading it right, but the Case-Shiller chart on the Salmon article looks like it’s up about 30% from 2002 nationally. Zillow shows Portland up 75% since 2000 and about 60% since 2002, even after a roughly 20% drop.

A house on our street just sold for about 15% over its Zillow estimate, which is consistent with sales price vs Zillow ratios 3-4 years ago for this neighborhood. I’d guess it was full asking price, it’s a good basic house but lots of deferred maintenance. A friend not in our neighborhood sold her house in weeks, got 2 offers above her asking price, again for more than the Zillow estimate.

Am I in denial or an alternate reality?

]]>