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: 53(45)
New listings: 5(3)
Sold subject to inspection: 1(6)
Pending: 5(2)
Closed Sales: 2(3)
Sold Contingent: 1(0)
Rented: 0(0)
Price Reductions: 4(2)
Price Increases: 0(0)
Expired Listings: 0(2)
Cancelled Listings: 0(0)
Temp Off Market: 0(0)
Back on Market: 2(6)
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$0-$349,999: 0(0)
$350,000-$499,999: 5(4)
$500,000-$749,999: 22(1 
$750,000-$999,999: 10(8)
$1,000,000- $1,499,999: 13(13)
$1,500,000- $2,999,999: 3(2)
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Average Price: $913,555($939,850)
Median Price: $740,000($750,000)
Average Days on Market: 74(84)
Highest Priced Listing: $2,880,000 ($2,880,000)
Lowest Priced Listing: $435,000($435,000)
My analysis of this week’s buzz:
A total of 53 homes are on the market this week. This a 20% increase over the number of homes for sale last week. There are 5 new listings, 5 homes received offers, 4 price reductions, and 2 closed sales.
The number of homes for sale took a jump up this week. We aren’t at the peak number of homes for sale, but we are inching up to that range. Last October there were weeks with 57 homes on the market, and lately, we’ve been averaging about 45 homes for sale per week. This week brings the total back up to higher numbers of homes for sale. Five homes are now pending, which means the inspection period is over and the sale is heading towards closing.
New listings:
$529,500 Single family in the Meadows with 3 bedrooms and 2.5 baths.
$649,900 Hampton Place tri-level wtih 4/5 bedrooms, 2.5 baths (my listing)
$696,000 Spiritbrook mid-entry remodeled with bamboo floors,new kitchen and baths.
$974,950 on Lake Samm Pkwy, remodeled 4 bedroom, 4 bath two story.
$1,500,000 large two story home on NE 51st with 4000+ square feet, 4 bedrooms, 4.5 baths
Homes receiving offers this week:
$649,500 Country Creek tri-level with 3 bedrooms, 2.5 baths, and a view.
Pending sales this week:
(inspection has been satisfied)
$399,950 Strattonwood rambler with 3 bedrooms, 1400 square feet.
$525,000 Gleneden rambler with 2020 square feet.
$589,950 Spiritbrook tri-level with 4 bedrooms, 2.5 baths. (My listing)
$625,000 Tam O’Shanter mid-entry with remodeled kitchen and master bath.
$748,000 Gleneden two story with a golf course view. amd 3120 square feet.
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)
none this week
Cancelled listings:
(Homes taken off the market)
None this week.
Temporarily off the market:
None this week.
Price reductions:
$588,000 Grasslawn two story with 4 bedrooms and 2.5 baths, 2360 square feet.
$630,000 Gleneden two story with 4 bedrooms and 2.5 baths, 2600+ square feet.
$739,950 Manchester Estates two story with 2853 square feet, 4 bedrooms, 2.5 baths.
$799,500 Lake Samm Pkwy mid-entry 4 bedroom, 2.75 baths, lake view.
Closed sales:
(Homes in which the new owner has moved in!)
$445,000 Meadows town home with 3 bedrooms, 2.5 baths. Original asking price of $465,000. Sold for 5% below asking price in 16 days.
$557,800 Mid-entry in Meadowcrest. Original asking price of 622,000, Sold for 9% below the original asking price in 196 days.
Back on the market:
$435,000 Walnut Hills town home which had just sold.
$1,139,000 Prescott two story with 4000+ square feet.
West Redmond Real Estate Buzz