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: 45(49)
New listings: 3(4)
Sold subject to inspection: 6(2)
Pending: 2(1)
Closed Sales: 3(4)
Sold Contingent: 0(1)
Rented: 0(0)
Price Reductions: 2(2)
Price Increases: 0(0)
Expired Listings: 2(0)
Cancelled Listings: 0(0)
Temp Off Market: 0(1)
Back on Market: 6(1)
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$0-$349,999: 0(0)
$350,000-$499,999: 4(4)
$500,000-$749,999: 18(21)
$750,000-$999,999: 8(9)
$1,000,000- $1,499,999: 13(13)
$1,500,000- $2,999,999: 2(2)
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Average Price: $939,850($921,72 
Median Price: $750,000($749,975)
Average Days on Market: 82(85)
Highest Priced Listing: $2,880,000 ($2,880,000)
Lowest Priced Listing: $435,000($399,950)
My analysis of this week’s buzz:
A total of 45 homes are on the market this week, with 3 new listings, one re-listed home, 6 homes receiving offers, two price reductions, and 3 closed sales. The most reasonably priced offer this week was for a home that was just reduced to under $400,000, again the price was the key. Six homes just received offers, which is terrific, given the performance of the general market. Closed sales this week were for homes that sold quickly and without discounting much in price.
New listings:
$450,000 3 bedroom home in the View Ridge with 1360 square feet, built in the 60’s.
$475,000 3 bedroom rambler in Bristol with 1600 square feet.
$950,000 Marymoor Hill two story with 3190 square feet, 4 bedrooms, and 2.5 baths
Homes receiving offers this week:
$399,950 Strattonwood rambler with 3 bedrooms and 1400 square feet.
$435,000 town home in Walnut Hills with 2 bedrooms, 2 baths, and 1700+ square ft.
$588,000 two story near Grasslawn Park with 4 bedrooms, 2.5 baths, and 2510 square feet.
$589,950 Spiritbrook tri-level with 4 bedrooms, 2.5 baths. (My listing)
$625,000 Tam O’Shanter midentry with 4 bedrooms & 3.25 baths.
$669,950 New construction in The Village at Redmond Heights.
Pending sales this week:
(inspection has been satisfied)
$499,950 Tri-level in Grasslawn Park with 3 bedrooms, 2.25 baths.
$569,950 Remodeled midentry in View Ridge with 4 bedrooms, 2.5 baths.
Sold contingent:
(home has received an offer, but buyer has to sell current home to make the sale)
None this week
Expired listings:
(Homes in which the listing contract has expired)
$785,000 daylight rambler on 156th, originally priced at $850,000
$890,900 on NE 51st, lot value at over an acre.
Cancelled listings:
(Homes taken off the market)
None this week.
Temporarily off the market:
None this week.
Price reductions:
$450,000 for a Grasslawn midentry home, down from $475,000.
One back on the market home was also reduced.
Closed sales:
(Homes in which the new owner has moved in!)
$455,000 Meadows town home with 3 bedrooms, 2.5 baths. Original asking price of $475,000. Sold for 5% below asking price in 38 days.
$540,000 remodeled rambler in View Ridge. Original price of $545,950. Sold for 3% below the original asking price in 15 days.
$641,880 two story near Tam O’Shanter with 4 bedrooms, 2.5 baths. Sold for between 1-2% below the original asking price of $649,880 in 20 days.
Back on the market:
$599,950 new construction in Village at Redmond Heights 3 bedrooms, 3.5 baths.
$699,950 Gleneden daylight rambler with 7 bedrooms and 5 baths.
$679,000 rambler and also reduced from $699,950.
$1,099,800 new construction in Parkside at Wilshire of NE 40th
$1,149,000 new construction in Parkside.
$1,274,800 new construction in Parkside.
West Redmond Real Estate Buzz