Upside Down House Update

Remember the upside down house up for auction in Bothell? That’s the house that did a reverse auction of sorts, in which the price would drop each week until it sold. We caught up to Justin, the homeowner who came up with this creative idea, to see how he’s doing. It looks like the price of the home, which started at $499,900 on May 26, has dropped by $50k to $449,900. Justin says the house, which has a Zestimate of $571,500, is one of the best values in Bothell, since the average square foot selling price in Bothell is $221/sq ft while his home is now down to $153/sq ft — a 30% decrease from other for sale homes in Bothell.

Justin says he has seen good traffic during open houses, but will now continue to provide access through private tours or with an agent. Is he discouraged? “Nope, not yet. I’m confident this is a great house and that it will sell when the price is right. Although I’d like to sell the house this summer, there’s no hard deadline. It sells when it sells, you know?”

To be continued…