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)
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$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)
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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.
West Redmond Real Estate Buzz