I moved into my first house located in Bothell, WA about 4 years ago and paid $225k for my house.  The cul-de-sac I live in contains 6 other houses.  The one marked $426k on the map seems that have changed hands several times since I moved in.  Several months ago it hit the market again with an asking price of $429k (I think) 

Then about 2 weeks ago two more houses ($351k and $355k) also went on the market.  Both of these houses sold pretty much immediately, I was told $351k had multiple offers the day it went on the market.  $426k across the street despite being the nicest house in the cul-de-sac never sold and recently was put up for rent instead.  I guess it is all about pricing.

Market conditions where I live still seem extremely hot, with houses being snatched up almost immediately, but there also seems to be a HUGE amount of development coming online within the next year or so.  As I've posted before I'm pretty confident we're entering a significant housing slowdown in many markets throughout the nation but the local market I'm in still seems to be very strong, though there is slowing...