Here's an example of a reasonably well-priced home. This one sold February 17.A Manitou Beach three-bedroom 2-bath 1800 square foot home on only .2 acres with a partial view of Puget Sound was listed 4 months ago for $595,000.
After 3 months the price was lowered to $575,000. It sold a month later for $535,000.
The home sold for 93% of the reduced price (90% of the original listing price).
Would the home have sold more quickly if the price had been $575,000 originally? It's hard to tell, but this is an example of buyer and seller coming to a relatively quick agreement.
The tax assessment was $300,000.
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