The area represented by the statistics posted below is Redmond, 98052, south of highway 908.  The neighborhoods are all within shouting distance of Microsoft. In real estate terms, we call this area 530.  The area on Education Hill is called area 550 and is not part of this report. The numbers in parentheses show last week’s totals. All numbers are gathered mid-day on Fridays from NWMLS information. This real estate activity report will be online no later than Sunday each week. 

 
Active Listings:  46(44)

New listings:   4(2) One of these homes is relisted and has been on the market for 122 days.

Sold subject to inspection: 1(2)

Pending:  3(4)

Closed Sales:  5(5)

Sold Contingent: 0(2)

Rented: 0(0) 

Price Reductions:  4(1)

Price Increases:     0(0)

Expired Listings: 0(0)

Cancelled Listings: 0(1)

Temp Off Market:  0(1)

Back on Market: 0(0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  4(4)

$500,000-$749,999:   17(16)

$750,000-$999,999: 10(11)

 $1,000,000- $1,499,999: 13(12)

$1,500,000- $2,999,999: 2(2)
———————————–
Average Price:    $949,786 ($946,827)

Median Price: $785,000($775,000)

Average Days on Market: 91(89)

Highest Priced Listing: $2,880,000 ($2,880,000)

Lowest Priced Listing: $419,000($419,800)

My analysis of this week’s buzz: 

There are 45 homes available this week.  One home received an offer, three homes are now pending, and there were 5 closed sales.  Twelve homes have gone pending in the last three weeks.

Closed sales ranged from 2% to 14% below the original asking price.

  New listings: 

$475,900 mid-entry near Grasslawn with 3 bedrooms and 1700 square feet.

$569,500 completely remodeled midentry home in View Ridge.

$809,000 re-listed home with Lake Sammamish views.

$1,139,000 Prescott neighborhood built by Bennett Homes in 1998 with 4080 square feet, 4 bedrooms, den, 2.5 baths.

Back on the market:

None this week

Homes receiving offers this week:

(actual sale price to be reported when the sale closes)

$449,950 3 bedroom town home in Sammamish Forest Manors

Pending sales this week: 

(inspection has been satisfied)

$343,800  2 bedroom/1.5 bath town home in Sammamish Forest Manors

$460,000 for a town home in the Meadows, originally priced at $475,000 and on the market for 31 days.  The home had an updated kitchen with new appliances and was sited on a greenbelt lot.

$465,950 for a Meadows town home on the market for 7 days. This home had a remodeled kitchen and greenbelt privacy.

Expired listings:

(Homes in which the listing contract has expired)

None this week.

Cancelled listings:

(Homes taken off the market)

Temporarily off the market:

None this week.

Price reductions:

$599,000 two story near Grasslawn Park with a traditional floorplan, 4 bdrms/2.5 baths. Down from $620,000.  Listed for 137 days.

$625,000 two story in Grasslawn Park with a contemporary style. Reduced from $650,000 in 13 days.

$748,000 Gleneden two story with 3120 square feet, down from $795,000. Listed for 49 days.

$740,000 newer style two story in Ardmore Village.  Originally priced at $765,000 and listed for 35 days.

Closed sales:

(Homes in which the new owner has moved in!)

$500,000 4 bedroom rambler in Little Tree, originally priced at $580,000, final list price of $518,950. Sales price is 14% below original asking price.

$510,000 5 bedroom midentry with 2000 square feet. List price was $519,950.  Sales price is 2% below the asking price.  On the market for 222 days.

$569,950 new two story with basement, 2117 square feet.  Original sales price of $609,950 with a final sales price of $569,950.  Sales price is 7% below original asking price.  On the market for 432 days (listed before built).

$595,000 remodeled rambler with bamboo floors, granite. On market for 132 days.  List price of $624,000.  Sales price is  5% below original asking price.

$699,950 new construction in Village at Redmond Heights.  Sold for full price in 383 days(home listed before it was built).

Back on the market:

None this week