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:  47(46)  (I’ll explain a little about the totals below)

New listings:   4 (4) 

Sold subject to inspection: 3(1)

Pending:  3(3)

Closed Sales:  1(5)

Sold Contingent: 0(0)

Rented: 0(0) 

Price Reductions:  2(4)

Price Increases:     0(0)

Expired Listings: 0(0)

Cancelled Listings: 0(0)

Temp Off Market:  0(1)

Back on Market: 0(0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  3(4)

$500,000-$749,999:   20(17)

$750,000-$999,999: 9(10)

 $1,000,000- $1,499,999: 13(13)

$1,500,000- $2,999,999: 2(2)
———————————–
Average Price:    $934,297 ($949,786)

Median Price: $760,000($785,000)

Average Days on Market: 87(91)

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

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

My analysis of this week’s buzz: 

There are 47 homes available this week.  Three homes received offers, three homes are now pending, one home’s price was reduced, and there was 1 closed sale.  The closed sale of the week sold for $410,000, approximately 2% under the list price of $417,000.

 Over the past few weeks, when I’ve looked at new listings, I’ve  found homes in our area listed in the wrong MLS (multiple listing service) area.  The MLS area discussed in this blog is Redmond, south of 908.  Some agents are putting listings in the MLS area north of 908 by mistake.  In doing my weekly research, I’ll catch some of the listings that really are in our area and add them to our weekly totals.  Because of this, sometimes it’ll seem the numbers are off when compared to previous week totals.

New listings: 

$435,000 duplex style town home off Old Redmond Rd. with 1700+ square feet.

$589,950 for a 4 bedroom remodeled tri-level on a cul-de-sac near Ben Rush (My listing)

$599,000  rambler style home with 1800+ square feet in Little Tree with some remodeling.

$639,000 two story 2100 square foot home, built in 1995 near the Meadows.

Homes receiving offers this week:

$499,950 tri-level with 3 bedrooms/2.5 baths near Grasslawn Park.

$569,500 remodeled mid-entry with a view in View Ridge.  sold in 3 days.

$599,950 new home in The Village at Redmond Heights with 2400+ square feet.

Pending sales this week: 

(inspection has been satisfied)

$449,950  Sammamish Forest Manors town home with 3 bedrooms/2.5 baths, and 2020 square feet.

$499,950 two story near Microsoft with 2080 square feet.

$759,950  Evergreen Lane.  New construction off 148th with 3100+ square feet, 4 bedrooms/2.5 baths.

Expired listings:

(Homes in which the listing contract has expired)

None this week.

Cancelled listings:

(Homes taken off the market)

None this week.

Temporarily off the market:

None this week.

Price reductions:

$525,000 northwest style rambler with 2020 square feet.  Down from $549,950

$565,000 a two story near Grasslawn Park, down from $600,000.

$625,000 a remodeled home in Tam O’Shanter down from $640,000.

Closed sales:

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

$410,000 town home in Village Green, listed for $417,000 for 29 days and sold for about 2% below asking price.

Back on the market:

None this week