West Redmond Real Estate Buzz

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:  66(61) 

New listings:   8(4) one home re-listed

Sold subject to inspection: 3(1)

Pending:  2(3)

Closed Sales:  4(0)

Sold Contingent: 0(0)

Rented: 0(1) 

Price Reductions:  4(4)

Price Increases:     0(0)

Expired Listings: 0(1)

Cancelled Listings: 1(0)

Temp Off Market:  0(0)

Back on Market: 0(0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  5(4)

$500,000-$749,999:   34(30 )

$750,000-$999,999: 13(14)

 $1,000,000- $1,499,999: 11(10)

$1,500,000- $2,999,999: 3(3)
———————————–
Average Price:    $823,181($848,779)

Median Price: $686,000($699,000)

Average Days on Market: 59(64)

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

Lowest Priced Listing: $439,000($439,000)

My analysis of this week’s buzz: 

There are 8 new listings, so in the last three weeks, 21 homes have been added to the market.   The are now 66 homes for sale in Redmond near Microsoft.   Three homes received offers, 2 homes are now past the inspection and are pending. One listing was canceled and taken off the market. 

Four home sales closed and the new home owner moved in. Most closed sales were below the original asking price, but one sale in Spiritbrook closed above full price.  Again, it’s that new kitchen which seems to be the driving force for home sales above the asking price.

There were four price reductions.  The pending sale in Grasslawn Village  was a bank repossession and sold very quickly.  The bank repos have been few and far between in this area.

New listings: 

$467,500  Strattonwood rambler 3 bedrooms, 2 baths, 1490 sq ft.

$549,995  Hillrise rambler  3 bedrooms, 2.25 baths, 2000 sq ft.

$560,000 4 bedroom, 2.75 bath Braemoor daylight rambler, 2900+ sq ft.

$605,000 Tam O’Shanter mid-entry 4 bedrooms, 2.75 baths, remodeled kitchen, 2200 sq ft.

$689,000 Parkwood East two story 5 bedrooms, 2.5 baths, 2590 sq ft.

$799,000 Viewpoint Tri-level remodeled 5 piece bath, remodeled kitchen, 2220 sq ft, 4 bedroom, 2.5 bath.

$899,500  Parkpointe two story 3220 sq ft, 3 bedrooms, 2.75 baths, built in 1996.

$1,075,000 Marymoor Meadows two story 4 bedrooms, 2.75 baths 3240 sq ft.

Homes receiving offers this week:

$599,950 New Construction Village at Redmond Heights 3 bedrooms, 3 baths.

$835,000 Grasslawn Village two story 5 bedrooms, 2.75 baths.

$950,000 Marymoor Hills two story with 4 bedrooms, 3.5 baths.

Pending sales this week: 

(inspection has been satisfied)

$425,000 Meadows town home 3 bedrooms, 1.75 baths.

$598,000 Grasslawn Park two story 2460 sq ft 4 bedrooms, 2.5 baths.

Contingent sales: 

(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)

$949,000 new construction off 51st. (should come back on the market)

 Temporarily off the market:

None this week.

Price reductions:

$548,900 down from $588,900 Spiritbrook tri-level

$580,000 down from $609,950 two story near Westside Park.

$585,000 down from $610,000 Tam O’Shanter rambler.

$799,000 down from $875,000 Charlson Place two story 3260 sq ft, 5 bedrooms, 3,5 baths.

 Closed sales:

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

$373,000 Original asking price of $380,000.  Sold in 4 days for 2% below the asking price.

$550,000 Spiritbrook tri-level sold for 1% ABOVE asking price of $545,000 in 12 days.

$555,000 new construction Village at Redmond Heights.  Sold for 9% below the original asking price of $609,950.

$948,800 new construction Parkside at Wilshire sold for 14% below the original asking price.

Back on the market:

None this week.

Rented:

None this week.

Come on down to the Meadows on Saturday and Sunday.  Search for some finds and stop by 6302 157th Pl NE in Redmond from 10-4 PM. 

 Happy shopping!

If you are planning a garage sale, let me know if you want to borrow my garage sale signs.  I would be happy to post your garage sale on this blog.

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:  61(59) 

New listings:   4(9)

Sold subject to inspection: 1(4)

Pending:  3(1)

Closed Sales:  0(2)

Sold Contingent: 0(2)

Rented: 1(0) 

Price Reductions:  4(2)

Price Increases:     0(0)

Expired Listings: 0(1)

Cancelled Listings: 0(1)

Temp Off Market:  0(0)

Back on Market: 0(2)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  4(4)

$500,000-$749,999:   30(30 )

$750,000-$999,999: 14(14)

 $1,000,000- $1,499,999: 10(8)

$1,500,000- $2,999,999: 3(3)
———————————–
Average Price:    $848,779($845,925)

Median Price: $699,000($699,000)

Average Days on Market: 64(62)

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

Lowest Priced Listing: $439,000($439,000)

My analysis of this week’s buzz: 

This week’s statistics are compiled from yesterday’s data.  By 3 PM today many of you will be off for the weekend, so I am sending the weekly data along a bit sooner this week. There are 4 new listing, much less than last week’s total of 9 new listings.  There are now 61 homes for sale in Redmond near Microsoft.   One home received an offer, 3 homes are now past the inspection and are pending, and one home was taken off the market and is now rented.  There were four price reductions and no closed sales this week.

Enjoy the long weekend!

New listings: 

$545,000  Woodford remodeled mid-entry 1800 sq. ft, 4 bedrooms, 2.25 baths.

$619,950  Remodeled Spiritbrook midentry 2500+ sq ft., 5 bedrooms, 3 baths, new carpet, A/C, 2 remodeled baths, backs to park.l(my listing)

$694,500 Remodeled two story in Hampton Place with 1430 sq. ft., 4 bedrooms, 2.5 baths.

$1,288,000 Lake Sammamish waterfront 2830 sq ft, 65 feet of waterfront.

 

Homes receiving offers this week:

$649,000  Updated Lake Samm view mid-entry with 2020 sq ft.

Pending sales this week: 

(inspection has been satisfied)

$635,000 Tam O’Shanter remodeled mid-entry 4 bedrooms, 2.5 baths

$749,000 two story overlooking Marymoor 5 bedrooms, 2.5 baths, view, built in 1996.

$849,950 Park Pointe two story with 3030 sq. ft, 4 bedrooms, 2.75 baths.

Contingent sales: 

(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:

$686,000 down from $696,000 Remodeled mid-entry in Spiritbrook with 5 bedrooms, 3 baths.

$699,000 Ardmore Village two story, original price of $765,000.

$779,000 down from $819,000 view mid-entry on Lake Samm Pkwy.

$839,000 down from $875,000 Chrlson Place two story 3280 sq ft, 5 bedrooms, 2.5 baths.

 Closed sales:

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

None this week.

Back on the market:

None this week.

Rented:

$550,000 mid-entry home on large lot.  No longer for sale and now rented.

Work in Redmond, WA at Microsoft?    “Come on and Take a Free Ride” ( Edgar Winters Group).   Every time I turned a corner last week there was a Microsoft Connector vehicle whizzing by.  I’ve been over by  Microsoft’s Redwest and main campus off 156th Ave NE in Redmond meeting with some buyers and sellers from the neighborhoods around the Redmond campuses a lot lately.  There seems to be a Connector vehicle on every corner. 

  The Connector Service has vehicles of all sizes, from eco-friendly Priuses

 to shuttle buses

 to standard sized buses.  The system was started last fall, in September to be exact, and Microsoft announced just last month that the Connector service is expanding. 

 As someone who doesn’t work at Microsoft, but who works in the neighborhoods all around Microsoft, I personally am thrilled to see the service.  For years, I’ve had to schedule appointments in Redmond around the major “Microsoft commuting” times.  I knew to steer clear of the campuses around 9:30 to 9:45 every morning.  Traffic was brutal. 

When I first moved to Redmond in 1986, Microsoft had just moved over to what is their main campus, with 10 buildings,  and had just gone public.    There was no overpass at NE 40th, something many of you probably still remember, since it has not been there all that long.  But I doubt many of you remember the time before an overpass existed at NE 51st.  Seems like there’s been an overpass at NE 51st forever, but not so.  When I first moved to Redmond, NE 51st crossed highway 520, at a traffic light!  I moved into my first house in the area in August of 1986 and shortly thereafter, the NE 51st overpass was constructed.   By the way, how many of you remember when there was a stop light at Redmond Way and 520?

Kudos to Microsoft for cutting down on traffic and the carbon foot-print of its employees and the company.

From Microsoft Environment’s web page:

“Private Bus System (”Connector”). To improve commuting opportunities and to reduce environmental impact of commuting, Microsoft has created and manages its own transportation bus system. For campus commuters who found public transportation wasn’t satisfying their needs, Microsoft invested in the creation of one of the world’s largest private bus systems. Employees can use the Connector, a free express bus service during morning and evening commute times between residential neighborhoods and the Redmond campus. With this system, Microsoft aims to reduce car traffic in the area by over 250,000 miles per week.”

“A survey of riders on the Microsoft bus service, Connector, in November 2007 showed that 61 percent of passengers previously used a single occupancy vehicle for their commuting needs, which suggests that the Connector program results in a reduction of about 800 vehicle trips and 32,200 miles of travel each day.”

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:  59(56) 

New listings:   9(3) with one home re-listed.

Sold subject to inspection: 4(2)

Pending:  1(2)

Closed Sales:  2(2)

Sold Contingent: 2(1)

Rented: 0(0) 

Price Reductions:  2(4)

Price Increases:     0(0)

Expired Listings: 0(1)

Cancelled Listings: 1(1)

Temp Off Market:  0(0)

Back on Market: 0(2)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  4(4)

$500,000-$749,999:   30(29 )

$750,000-$999,999: 14(11)

 $1,000,000- $1,499,999: 8(9)

$1,500,000- $2,999,999: 3(3)
———————————–
Average Price:    $845,925($848,654)

Median Price: $699,000($697,000)

Average Days on Market: 62(65)

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

Lowest Priced Listing: $439,000($435,000)

My analysis of this week’s buzz: 

This week inventory is at the highest it’s been all year with 59 homes for sale in the area.  There are 9 new listings and four homes received offers this week. One home has had the inspection satisfied and is now pending.   This week two homes closed with the ownership changing hands. Closed sale prices ranged from 2.5% ABOVE asking price to 8%  below the original asking price.  Four homes experienced a price reduction, including the home that was the best priced home in the area at the time.  This home, in the Meadows, received an offer this week.  Over the last few weeks, several homes have reduced asking prices, becoming competitive in pricing, and received offers almost immediately. 

Enjoy the sun this weekend!  I imagine many of you will be outside enjoying the best weather yet for this year!

New listings: 

$439,950 Marymoor town home with 1190 sq ft, 1 garage,

$508,000 Meadows single family w/ mt view, remodeled kitchen, and upgraded finishes. 1687 sq ft, 2 bedrooms, 2 baths, private (my listing)

$529,000 Wetherburn rambler with 1600 sq ft, 4 bedrooms, and remodeled kitchen.

$584,950 daylight basement home off 180th Ave NE, 3 bedrooms, 2.5 baths, 2190 sq ft.

$675,000 Ardmore Village two story 2290 sq ft, 4 bedrooms, 2.5 bths, built in 2001.

$677,000 Braeburn Golf Course daylight basement home.

$756,000 Wildwood Glen Tri-level home, total remodel, 2240 sq ft, 3/2.5 baths.

$835,000 Grasslawn Village two story, over 3000 sq. ft, 4 bedrooms, 2.5 baths.

$875,000 Charlson Place two story with basement, 3260 sq ft, built in 1999.

Homes receiving offers this week:

$425,000 Meadows town home 1770 sq ft, 3 bedrooms, 2.5 baths.

$598,000 Grasslawn two story 2460 sq ft, 4 bedrooms, 2.5 baths, built in 1982.

$635,000 Tam O’Shanter mid-entry home 2470 sq ft, 4 bedroom, 2.5 bath.

$749,000 two story overlooking Marymoor 5 bedrooms, 2.5 baths, view, built in 1996.

Pending sales this week: 

(inspection has been satisfied)

$545,000 Spiritbrook Tri-level, 2080 sq ft, 3 bedrooms, 2.5 baths and remodeled kitchen

Contingent sales: 

(home has received an offer, but buyer has to sell current home to make the sale)

$599,900  Gleneden two story home with 2900+ sq ft, 4 bedrooms, 2.5 baths.

$1,499,000 Chaffey built new construction 3310 sq ft, 4 bedrooms, 3.5 baths.

Expired listings:

(Homes in which the listing contract has expired)

None this week. 

Cancelled listings:

(Homes taken off the market)

$599,000 rambler with 1800 sq ft 3 bedrooms and 1.75 baths.

Temporarily off the market:

None this week.

Price reductions:

  $620,000 down from $646,000  Gleneden two story with 2610 sq ft, 4 bedrooms, 2.5 baths.

  $650,000 down from $675,000 Spiritbrook two story 3240 sq ft, 4 bedrooms, 2.5 baths.

Closed sales:

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

$460,000 town home in The Meadows.  Original asking price of $450,000.  Sold for 2.5% above asking price.

$564,000 down from $588,000.  Sold in 160 days for almost   * % below original asking price.

Back on the market:

None this week.

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:  56(54) 

New listings:   3(3)

Sold subject to inspection: 2(4)

Pending:  2(3)

Closed Sales:  2(2)

Sold Contingent: 1(0)

Rented: 0(0) 

Price Reductions:  4(5)

Price Increases:     0(0)

Expired Listings: 0(1)

Cancelled Listings: 1(1)

Temp Off Market:  0(0)

Back on Market: 2(0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  4(4)

$500,000-$749,999:   29(28 )

$750,000-$999,999: 11(10)

 $1,000,000- $1,499,999: 9(9)

$1,500,000- $2,999,999: 3(3)
———————————–
Average Price:    $848,654($857,604)

Median Price: $697,500($697,000)

Average Days on Market: 65(68)

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

Lowest Priced Listing: $425,000($435,000)

My analysis of this week’s buzz: 

This week inventory is back up to 56 homes for sale.  There are 3 new listings and two homes received offers this week. Two homes have had the inspection satisfied and are now pending.  Closed sale prices ranged from 2%-9%  below the original asking price.  This week two homes that just sold came back on the market.  This could mean several things.  It could mean the buyers got cold feet and backed out or the buyer and seller could not agree on the building inspection request for repairs and the offer was terminated.  Four homes experienced a price reduction, including the home that is the best priced home in the area. 

New listings: 

$545,000 Spiritbrook Tri-level, 2080 sq ft, 3 bedrooms, 2.5 baths and remodeled kitchen.

$599,000 Gleneden two story with 2900 sq ft, 4 bedrooms, 2.5 baths, greenbelt location.

$785,000 Sheffield Greens two story with 2640 sq ft, 4 bedrooms, 2.5 baths.

Homes receiving offers this week:

$545,000 was also listed as a new listing above, this home sold in 3 days.  It had the “magic” remodeled kitchen, which is always the hot button for buyers.

$699,000 Gleneden 7 bedroom, 5 bath, with 3760 sq ft.

Pending sales this week: 

(inspection has been satisfied)

$450,000 Meadows town home with 3+ bedrooms, 2.5 baths, 1700+ sq ft.

$475,000 Kirk Estates Burnstead rambler with 3 bedrooms, 1.75 baths, 1600+sq ft.

Sold contingent:

(home has received an offer, but buyer has to sell current home to make the sale)

$629,950 4 bedroom, 2.5 bath mid-entry home in Tam O’Shanter.

Expired listings:

(Homes in which the listing contract has expired)

None this week. 

Cancelled listings:

(Homes taken off the market)

$679,000 Rambler with 2000 sq ft. On market for 194 days.

Temporarily off the market:

None this week.

Price reductions:

  $425,000 Meadows town home reduced $10,000 from $435,000.

$550,000 from $575,000 mid-entry with possible subdividable lot.

$619,988 down from $649,950 (my listing) 4/5 bedrooms, 2.5 bath, Hampton Place trilevel.

$699,000 down from original price of $760,000 for newer style two story in Ardmore Village. 

Closed sales:

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

$579,950 Spiritbrook Tri-level down from $589,950. (my listing)  Sold for 2% less than the original asking price in 27 days.

$630,000 Country Creek tri-level down from $649,500 with original price of $715,000, sold for almost 9% below the original asking price.

Back on the market:

$599,950 Knollwood Mid-entry 3 bedrooms, 2.75 baths, 2660 sq ft.

$699,900 Gleneden mid-entry home.

 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:  54(57) 

New listings:   3(6) with two homes re-listed

Sold subject to inspection: 4(0)

Pending:  3(3)

Closed Sales:  2(5)

Sold Contingent: 0(0)

Rented: 0(0) 

Price Reductions:  5(4)

Price Increases:     0(0)

Expired Listings: 1(0)

Cancelled Listings: 1(0)

Temp Off Market:  0(0)

Back on Market: 0(0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  4(7)

$500,000-$749,999:   28(26 )

$750,000-$999,999: 10(12)

 $1,000,000- $1,499,999: 9(9)

$1,500,000- $2,999,999: 3(3)
———————————–
Average Price:    $857,604($847,799)

Median Price: $697,000($696,000)

Average Days on Market: 68(62)

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

Lowest Priced Listing: $435,000($435,000)

My analysis of this week’s buzz: 

Inventory has dropped slightly this week, with three less homes on the market in the area compared to last week.  There are 3 new listings and four homes received offers this week. Three homes have had the inspection satisfied and are now pending.  Closed sale prices ranged from 8%-13%  below the original asking price.  Several of the homes receiving offers this week sold quickly, in less than two weeks.  It will be interesting to see the sales prices of these homes when the sales close. 

New listings: 

$645,000 Trilevel on Lake Samm Parkway with 2020 sq ft, 3 bedrooms, 2.5 baths.

$764,950 New construction Camwest on Evergreen Lane, 3149 sq ft, 4 bedrooms, 2.5 baths.

$809,950 New construction Camwest on Evergreen Lane, 3136 sq ft, 4 bedrooms, 2.5 baths.

Homes receiving offers this week:

$450,000 Meadows town home with 3+ bedrooms, 2.5 baths, 1700+ sq ft.

$475,000 Kirk Estates Burnstead rambler with 3 bedrooms, 1.75 baths, 1600+sq ft.

$599,950 Knollwood Mid-entry 3 bedrooms, 2.75 baths, 2660 sq ft.

$849,950 11 year old two story home with 3030 sq. ft, 4 bedrooms, 2.75 baths.

Pending sales this week: 

(inspection has been satisfied)

$656,000 3 bedroom, 1.5 bath, 18000 sq ft lot, value is in the land.

$752,950 New construction, Evergreen Lane with 3051 sq. ft, 4 bedrooms, 2.5 baths.

$1,395,000 Lake Samm waterfront with 19000 sq ft lot, and 3 bedroom home.

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)

$809,000 Lake Samm Parkway two story , 2580 sq. ft, 3 bedrooms, 2.5 baths,

Cancelled listings:

(Homes taken off the market)

$435,000 Walnut Hills town home with 2 bedrooms, 2 baths.

Temporarily off the market:

None this week.

Price reductions:

  $577,000 down from original price of $620,000, 4 bedroom, 2.5 bath two story.

$619,000 down from $639,000 two story 2150 sq ft. 3 bedrooms, 2.5 baths.

$719,000 down from $765,000 Ardmore Village two story 2780 sq ft, 4 bedrooms, 3 baths.

$1,1245.000 down from $1,325,000  newer two story, 3730 sq ft, 4 bedroom, 2.75 baths.

$2,299,000 down from $2,600,000 waterfront 6690 sq ft, 5 bedrooms, 5.5 baths. 

Closed sales:

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

$395,000 was $399,000, original price of $449,950 Strattonwood rambler.   Sold for 13% less than the original asking price in 192 days.

$590,010 down from $625,000.  Tam O’Shanter mid-entry with original price of $640,000, sold for 8% below the original asking price.

Back on the market:

None this week.